Fortune 500 business Intelligence Company and one of Grayscales’ biggest customers, MicroStrategy has bought 295 BTC for $10 million at an average price of $33,808 per BTC. The purchase brings the total number of BTC owned by the company to 71,079 BTC worth over $2.47 billion at the current average BTC price of $34,787. “MicroStrategy has purchased approximately 295 bitcoins for […]

Top crypto trader and analyst Michaël van de Poppe is bearish on the outlook for bitcoin, warning followers they should stop chasing rallies generated by news events.  In a YouTube update titled “Bitcoin Price Drops Heavily: What’s Next?!”, Van de Poppe told his followers to avoid pursuing an investment strategy that relied upon bitcoin’s sporadic price rallies. In the update, […]

Bitcoin began experiencing massive capital injection in the second half of 2020, which accelerated in the fourth quarter and bulldozed its way into the new century. The top crypto asset recorded its all-time high of $41k barely a week into January 2021. Overall, bitcoin has had a 10-year performance of 99,999.99% according to data by Barchart. However, Bitcoin’s momentum started to […]

Bloomberg Intelligence’s senior commodity strategist Mike McGlone called investing in bitcoin the “new version” of gold.  Speaking in a recent interview with Stansberry Research, first spotted by Daily Hodl, McGlone described cryptoassets and bitcoin as an essential part of every investment portfolio, saying traders should feel “naked” without it.  He said,  Looking forward in a world going digital, I see […]

Bitcoin prices finished the last week slightly higher despite a rebound in the US dollar. The flagship cryptocurrency ended 2.63 percent higher on the Coinbase exchange for the week. Meanwhile, the new weekly session began on a positive outlook. Bitcoin was up 1.47 percent, trading slightly above its short-term support level of the 20-day exponential moving average of $33,461. With […]

It is official. Elon Musk supports Bitcoin. The Tesla and SpaceX founder called the flagship cryptocurrency “a good thing,” adding that it is on the “verge of getting broad acceptance by conventional finance” as he responded to Andressen Horowitz and other prominent investors during a Clubhouse Conversation meetup on February 1. Big Boost Mr. Musk’s statements served as one of […]

Elon Musk has declared that he strongly believes that bitcoin (BTC), the world’s flagship cryptocurrency is now ripe enough to break into traditional finance. Bitcoin has been in the news for all the right reasons since 2020 and it appears the digital currency is set to reach greater milestones in the near future. Bitcoin Gone Mainstream? Recent happenings in the […]