Bitcoin started the new week on strong note, finishing higher on Monday amid speculative bets against Treasury secretary nominee Janet Yellen’s confirmation hearing in Washington, where she will make a case for large-scale fiscal budgets to cushion the economic fallout led by COVID-19. The flagship cryptocurrency, which has earned itself the tag of “digital gold” for its anti-inflation similarities with […]

GrayScale has bought 16,420 bitcoin this Monday, worth $600 million. Making it the biggest one day purchase by far. The biggest stock trading bitcoin provider has now bought about $1 billion worth of bitcoin over the past week, considerably higher than the $100 million a week in November and $500 million weekly in December. “Momentum from Q4 seems to picking […]

In a recent interview with Bloomberg TV, Scott Minerd, Global Chief Investment Officer of Guggenheim Partners, “a global investment and advisory firm with more than $295 billion in assets under management,” made some important comments regarding his firm’s current position with respect to Bitcoin. Some Background Guggenheim Investments is “the global asset management and investment advisory division of Guggenheim Partners and has more […]

Bitcoin is seeing relatively lackluster price action today, with it consolidating within the mid-$30,000 region as altcoins all explode higher Where the entire market trends in the mid-term should depend largely on whether or not Bitcoin bulls can establish $37,000 as support The crypto has tested this level on a few occasions overnight, and it has been holding strong One […]

Bitcoin has seen some choppy price action throughout the past couple of days, with buyers and sellers largely reaching an impasse Following a swift overnight decline, Bitcoin has posted a strong rebound that has allowed it to surge back to $36,000 Where it trends next will undoubtedly depend on whether or not buyers can flip $36,000 from resistance to support […]

“HODLing”, a crypto-lingo used to mean “holding on for dear life” has been cited as the most beneficial method for cashing out big on Bitcoin. The wobbly movement of the cryptocurrency market is known to ignite different trends at any given time. Market reaction to this unsteady movement is then reflected in the technical charts, which ends up giving signals […]

Last Friday (January 15), Steve Forbes, a former U.S. presidential candidate and the current Chairman and Editor-in-Chief of Forbes Media, acknowledged that Bitcoin is “booming”, but cautioned that this “doesn’t make it an alternative to the dollar yet.” First, Forbes talked about the increasing popularity of Bitcoin and the resulting rise in its price: “Bitcoin is the new darling of investors. […]

Former U.S. Treasury Secretary Dr. Lawrence H. Summers said last Friday (January 15) talked about Bitcoin and why its price should continue to go up in the long term. Dr. Summers is one of America’s top economists. Not only was Dr. Summers the 71st Secretary of the Treasury in the Clinton Administration, he served as Director of the White House […]

More than four million bitcoin, worth $140 billion, has not moved in the past five years according to blockchain data. There remain almost precisely one million bitcoin mined in 2009 which have not moved, widely assumed to belong to Satoshi Nakamoto, bitcoin’s inventor. Another 1.4 million bitcoin was mined in 2010 and 2011, with the rest then mined up to […]