Current Price $541.27
Analysts say $60K Bitcoin price signals BTC has ample ‘room to run’ Analysts say Bitcoin whale wallet accumulation and persistent dip-buying by institutional investors signal that BTC price has plenty of room to appreciate. Bitcoin (BTC) bulls finally mustered enough strength to push the top-ranked cryptocurrency through the $60,000 level and citing key on-chain metrics, analysts believe the bull run…
Goldman Sachs has resumed its crypto trading desk after three years of its launch and once again plans to support Bitcoin futures trading, a person familiar with the sources has said. The crypto service offered by Goldman Sachs is said to resume in mid-March this month. The New York-based bank originally announced plans for a cryptocurrency trading desk in 2018 but…
Amid the ongoing resuscitation in the global crypto market, Bitcoin (BTC) critic Peter Schiff has thrown shade at the digital currency’s early adopters, particularly those who were instrumental in pushing up the price of the digital asset when it was undergoing its last major correction. Schiff, known for his antagonistic views in regards to Bitcoin investments, noted that he did not expect…
Dogecoin (DOGE) will continue gaining traction, and it will soon be entering the NBA thanks to seasoned investor and owner of Dallas Mavericks – Mark Cuban. Dallas Mavericks will be accepting Dogecoin payments for tickets and merchandise purchased online. The NBA team and BitPay – one of the world’s biggest cryptocurrency payment services – will partner up to…
What is the state of Enterprise Blockchain? Are we advancing? Are we stalled? Why? This article examines the state of the industry; this is not intended to be a comprehensive review, rather, the goal is to focus on the primary market participants. With this report-out for context, it then posits a platform strategy for industry success based on my…
Bullish maneuvers from MicroStrategy, Goldman Sachs and Citigroup are just a few of the factors backing Bitcoin’s rally back to $50,000. March 2, 2021 by Jordan Finneseth On March 1 cryptocurrency investors woke up to the sight of Bitcoin (BTC) rising from it weekend correction to $44,000 as the market found its bullish momentum and altcoins rebounded from their swing…
The Federal Reserve Bank experienced a nationwide outage with its electronic payment system on Wednesday afternoon. As reported, a Fed statement attributed the outage to an “operational error” but failed to provide any more details. The glitch affected the Automated Clearing House (ACH), the system which is being used for paychecks, bill payments, and other small and medium-sized transactions across…
The resold NFT by Beeple. Source: A screenshot, Nifty Gateway The non-fungible tokens (NFTs) market is showing signs of hotting up to unprecedented levels – with a Donald Trump-themed piece of digital art fetching a staggering USD 6.6m in a resale deal. The artwork was created by popular digital artist Beeple, who has had an outstanding start to 2021.…
Bitcoin has been touted as a hedge more than once as it has increasingly gained recognition as an ideal digital store of value. Strategists at JPMorgan have recommended a 1% allocation of one’s investment portfolio into Bitcoin as a way to hedge against the volatility of traditional asset classes such as stocks, bonds, and commodities. Per a note…
A major trend in the financial market ecosystem of today is Bitcoin (BTC) investments by corporate or institutional investors, a move that has had a huge impact on the global cryptocurrency market. Responding to a Bloomberg crypto summit tweet featuring his speech, MicroStrategy Chief Executive Officer, Michael Saylor provided an explanation as to why firms have been adding BTC to their balance sheets. MicroStrategy also…