Multiple players called $100k for Bitcoin as the closing price for this year. On-chain indicator and S2F model points to $100k but not much is being said about the technical charts at this time. Although fundamental analysis carries a lot of weight for investors and traders alike, technical indicators are also worth noting. As far as the short-term future of […]

Forget gold, institutions are piling into bitcoin (BTC) to hedge against raging inflation. BTC More Attractive than Gold, JP Morgan Report Says According to a recent statement by Wall Street behemoth JP Morgan Chase, institutional investors are more interested in the premier cryptocurrency compared to gold, especially when it comes to holding an asset to hedge against rising inflation. The […]

In a recent interview, former Goldman Sachs executive Raoul Pal talked about the impending global economic slowdown and what he is doing to prepare for it, in particular explaining the rationale behind the interesting allocation strategy he has used for his crypto portfolio. Prior to founding macro economic and investment strategy research service Global Macro Investor (GMI) in 2005, Pal co-managed the GLG Global Macro Fund […]

Ethereum’s co-founder, Vitalik Buterin, took to Reddit to lash out at a band of internet praise singers unanimously lauding the strides of El Salvadorian President, Nayib Bukele, despite growing concerns over the country’s coercive Bitcoin adoption tactics. The 2021 Time 100 influential person, was quick to label Bukele’s praise singers as “Bitcoin Maximalists,” who appear unconcerned with the ongoing violation […]

Bitcoin-friendly US Senator Cynthia Lummis has added $100,000 worth of Bitcoin to her portfolio. This development was revealed late Thursday per a Periodic Transaction Report filed with the U.S Securities and Exchange Commission (SEC).  Significant Bitcoin Purchase  The filing revealed that Lummis bought between $50,000 and $100,000 BTC on August 16 from brokerage platform River Financial. Lummis was required by […]

The CEO and chief investment officer of Soros Fund, Dawn Fitzpatrick, has revealed that the private investment firm with over $6 billion in assets under management holds “some” bitcoin, and sees it becoming mainstream. During an interview with Bloomberg’s Erik Schatzker at the Bloomberg Invest Global Summit, Fitzpatrick revealed she sees bitcoin surpassing the $50,000 as a “really interesting thing,” […]

A technical indicator is suggesting the price of bitcoin may start surging in the new feature after forming a bullish cross that has only been seen twice before in the flagship cryptocurrency’s history, the last one being eight years ago. Popular cryptocurrency analyst TechDev, as Cointelegraph reports, pointed out that the cryptocurrency’s Stochastic RSI indicator is showing a bullish cross […]

Bitcoin is up 25% in the last 7 days and yesterday crossed the $55,000 price mark for the first time since May. The renewed price uplift comes after last month’s notable sell-offs that were associated with the Chinese new ban threats, regulatory pressures on exchanges, and the Evergrande crisis. Gemini co-founder and President Cameron Winklevoss tweeted about it saying that […]