Bitcoin’s bout of consolidation appears to be drawing to a close, with the benchmark crypto now gaining some serious momentum Bulls finally broke the long-held trading range that the crypto had previously been stuck within, which is providing BTC with immense strength The crypto’s rally is allowing it to regain some dominance over the aggregated market, with Ethereum and many […]

An overnight sell-off in the Bitcoin market Monday brought its prices down from an intraday high of $34,888 to as low as $31,435. The approx 10 percent decline occurred as traders’ anxieties mounted over a JPMorgan report that cast doubts over Bitcoin’s potential to retest $40,000. According to Nikolaos Panigirtzoglou, the lead strategist at JPMorgan & Chase, one of the […]

The Nasdaq traded Marathon Patent Group has bought 4,812.66 BTC at an aggregate purchase price of $150 million. The company has purchased bitcoin through the New York Digital Investment Group (NYDIG) at the average price of $31,168 per bitcoin. “By purchasing $150 million worth of Bitcoin, we have accelerated the process of building Marathon into what we believe to be […]

Bitcoin resumed its uptrend ahead of the New York session Monday as traders weighed their risk-on opportunities against the US President Joe Biden’s stimulus plans and its potential bearish impact on the US dollar. The flagship cryptocurrency reclaimed $34,500 after rising by as much as 6.83 percent, while its market capitalization pushed past $636 billion. Its move upward came after […]

It has been a wild past 24 hours for Bitcoin, with the benchmark cryptocurrency seeing one of the most intense selloffs it has seen in quite some time yesterday Following a slow grind lower that had taken place throughout the past few days, BTC eventually saw a capitulatory selloff that sent its price plunging to lows of nearly $28,000 At […]

Bitcoin is not as scarce as commonly perceived, according to Bitcoin Critic and gold Investor Peter Schiff. Bitcoin has a maximum cap of 21 million, but each bitcoin can be subdivided into a further 100 million smaller units named satoshis in reference to the pseudonym of Bitcoin’s anonymous founder. “The idea that Bitcoin is scarce as there’s only 21 million […]

Last Thursday (January 21), former hedge fund manager Jim Cramer, the host of CNBC show “Mad Money w/ Jim Cramer“, gave some interesting advice to the owner(s) of the winning Powerball ticket, which is worth $731.1 million. Powerball is “an American lottery game offered by 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.” It is “coordinated […]