March 2021 / 95 posts found

Bitcoin on Exchanges Drop to Lows Not Seen Since 2018, Long-Term Holders Realize Profits | Economics Bitcoin News

by crypto journalist
Bitcoin on Exchanges Drop to Lows Not Seen Since 2018, Long-Term Holders Realize Profits According to data, bitcoin balances on exchanges are shrinking a great deal and have dropped to levels not seen in two years. Arcane Research detailed that charts showing the number of bitcoin leaving exchanges has seen a sharp decline and has been “one of the main stories of the year.” Meanwhile, onchain metrics indicate a number of older coins are being sold as bitcoin’s value increases. Bitcoin Held on Exchanges Drops by 21% Since February In 2020 there’s a lot of cryptocurrencies held on exchanges, however, […]

Bitcoin Price Drops 17%, Large CME Futures Gap Filled, BTC Spot Markets Rebound | Market Updates Bitcoin News

by crypto journalist
Bitcoin Price Drops 17%, Large CME Futures Gap Filled, BTC Spot Markets Rebound On January 4, 2020, the price of bitcoin slid to the lowest point of the year dropping from Sunday’s high of $33,800 per unit to $27,734 a few minutes after 5 a.m. (EST). In fact, the price dip filled CME Group’s large futures gap after the regulated exchange has seen six consecutive gaps since the run-up. Meanwhile, a number of other cryptocurrencies have seen significant gains and they did not drop as much as the leading crypto asset. Bitcoin (BTC) prices took a hit on Monday morning […]

Motley Fool adding $5M in Bitcoin to its ‘10X portfolio’ — has a $500K price target

by crypto journalist
“We plan to hold this Bitcoin investment for many years and we’ll wait for all of our members in our new 10X service to be able to buy before we do.” Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin with the expectation that it will rise to $500,000. Announced earlier today via a blog and Twitter post, the firm stated it won’t be “buying overpriced ETFs” but will be “buying Bitcoin directly.” Currently ranked fifth globally in the investing category according to SimilarWeb, and with 87 million website visits a month, The […]

Personal Finance Expert Suze Orman Says ‘I Love Bitcoin’ — Advises How to Buy BTC, Praises Paypal

by crypto journalist
American financial advisor Suze Orman says she loves bitcoin. She has provided some advice on how to invest in the cryptocurrency a month, noting that she prefers to buy bitcoin through Paypal’s crypto service because the payments giant has made it easy to do so. Suze Orman Loves Bitcoin Suze Orman said she loves bitcoin in an interview with Yahoo Finance published Friday where she shared her bitcoin investing strategy and advised listeners how they should start investing in the cryptocurrency. She founded the Suze Orman Financial Group in 1987 and her Suze Orman Show ran on CNBC from 2002 […]

SEC Quashes Dreams of Bitcoin ETF With Another Rejection

by crypto journalist
(Bloomberg) — The U.S. Securities and Exchange Commission disapproved the last proposal for a Bitcoin exchange-traded fund, likely destroying any remnants of hope from digital currency fans that a fund would get the green light this year. The SEC denied an application Wednesday by Wilshire Phoenix and NYSE Arca Inc. to list a fund that wanted to mix Bitcoin and short-term Treasuries, according to an order posted on the regulator’s website. Bitcoin dropped more than 6% to about $8,819 as of 4:13 p.m. in New York. “The Commission concludes that NYSE Arca has not established that the relevant Bitcoin market possesses a resistance to manipulation […]

Elon Musk Says Tesla (TSLA) Now Accepts Bitcoin for Car Purchases – Bloomberg

by crypto journalist
The U.S. Tesla website showing Bitcoin as a payment option. Having stunned the market with its audacious bet on Bitcoin earlier this year, Tesla Inc. will now start accepting the world’s largest electronic currency as payment for its electric cars. Chief Executive Officer Elon Musk on Wednesday tweeted that “you can now buy a Tesla with Bitcoin” and that paying by Bitcoin will also be available to customers outside the U.S. later this year. He added that Tesla will only use internal and open-source software and that any Bitcoin paid to the company will be retained as Bitcoin and not […]

Tesla can now be bought for bitcoin, Elon Musk says | Daily Mail Online

by crypto journalist
What is a Bitcoin?    Bitcoin is what is referred to  as a ‘crypto-currency.’  It is the internet’s version of money – a unique pieces of digital property that can be transferred from one person to another. Bitcoins are generated by using an open-source computer program to solve complex math problems. This process is known as mining.   Each Bitcoin has it’s own unique fingerprint and is defined by a public address and a private key – or strings of numbers and letters that give each a specific identity. They are also characterized by their position in a public database of all […]

Telegram’s ICO: Give us $2 billion and we’ll solve all of blockchain’s problems

by crypto journalist
“Long Island Iced Tea” becoming “Long Blockchain” this is not. In planning a $2 billion initial coin offering that’s meant to launch this month, messaging service Telegram isn’t just looking for a quick boost in value. If the dollar amount weren’t enough to get your attention, consider the ambition behind it: Telegram is promising investors who buy into its home-grown cryptocurrency that it will solve some of the blockchain world’s thorniest problems. This piece first appeared in our new twice-weekly newsletter Chain Letter, which covers the world of blockchain and cryptocurrencies.  – it’s free! The ICO space is already on fire, […]

Pro traders buy the dip as bears push Bitcoin price to the edge of $30K

by crypto journalist
In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of writing the 4-hour chart suggests that the selling could be slowing down.  Currently the shorter-term charts indicate that Bitcoin is still flirting with bearish territory but a number of derivatives indicators and the top traders flow reflect neutral to bullish levels. The last three times Bitcoin price fell below $32,000, an extensive rally of up to 30% followed. Data shows that the top […]

Ultra-Rich Investor Trace Mayer Predicts Bitcoin Price Will Reach $27,395 in Just Four Months

by crypto journalist
Trace Mayer tweeted that he believes Bitcoin is currently undervalued, and that his target price for this coming February (only four months away) is $27,395 per Bitcoin. He bases this prediction on the steady increase of Bitcoin’s 200 day moving average. Mayer is extrapolating the rise of the 200 day moving average, assuming it will reach $5,767 by February. If this is the case, he asserts that a per-coin value of 4.75 times the moving average, or $27,395, would be a “fair” price. A good month of $BTC consolidation. 200 day moving average rising well. Next six months should be […]