Bitcoin

  • Bitcoin’s Weekly Chart Is Still In Uptrend Despite 25% Decline

    Bitcoin is currently trading at $51,000. This is ~26% down from its 10 November high of 60,900. An astounding quarter of its value was wiped out in just under a month. It's also a 50% retracement from its July low (green horizontal). However, in terms of peak and trough analysis and despite its mammoth decline, BTCUSD has a higher trough followed by a higher peak. This is the definition of…

  • This Week in Crypto – 1st of December 2021

    Morgan Stanley accumulate more Grayscale Bitcoin shares Morgan Stanley, one of the largest investment banks in the US, continues to double down with Bitcoin and added more shares of Grayscale's Bitcoin Trust (GBTC) to a number of their funds. In its latest report to the SEC, the company revealed that it increased its Bitcoin exposure while taking advantage of GBTC discount rates. As of writing GBTC discount sits at 12.32%…

  • This Week in Crypto – 17th November 2021

    Record-high inflation and Bitcoin with a new All Time High! During the pandemic, the money printer went berserk, increasing the dollar supply by 35% in only 18 months. Initially, the FED stated that there will be no inflation but shortly after the U.S "Central bank" changed its mind noting that the inflation will be "transitory". Despite the FED's positive overview, it seems that the inflation is here to stay. Last…

  • Bitcoin Struggles At Weekly Resistance

    Past performance is not an indicator of future results Bitcoin has charted a higher trough followed by a higher peak. This is the technical definition of an uptrend. Price is struggling at the resistance area around 64,000 (red shaded horizontal). To break through this level, bullish momentum must be maintained and the stochastic (blue line) helps in assessing if that momentum is present. The stochastic is a measure of price…

  • This Week in Crypto – 3rd November 2021

    Here on our weekly update, we keep you updated on the most essential topics from last week in the Crypto world Cathie Wood still believes in Robinhood ARK Invest, the company led by Cathie Wood, invested heavily in Robinhood, despite its poor financial results for Q3 2021. Wood's business bought 2,240,680 shares, valued at as much as $79.4 million. According to data disclosed by ARK Invest the purchase is spread…

  • The Week in Crypto – 25th October 2021

    If you are a crypto enthusiast then you know it was a crazy week in the markets!! Let's check out the highlights: Bitcoin hit a new all-time high, Ether follows First Bitcoin ETF trades near $1B on its first day Grayscale to "force the SEC's hand" with its Bitcoin ETF application Bitcoin hit a new all-time high, Ether follows The price of the largest cryptocurrency by market cap is skyrocketing.…

  • Bitcoin vs XRP: A Complete Guide

    While Bitcoin was the first digital currency to scale—it's also the largest cryptocurrency by market value at the time of this writing—it is not the only big name in the marketplace. Investors have taken a keen interest in digital assets for their ability to provide diversification and compelling returns, but they can benefit from knowing that there are alternatives to Bitcoin. Ripple (XRP), for example, is a cryptocurrency that has…

  • Why is Bitcoin Crashing?

    Bitcoin (BTC) has come up under scrutiny this week after its price dropped well below $40k, a far cry from the highs of around $64k seen only a month ago. The sharp volatility is the primary factor feeding its critics as several events have contributed to what is yet another sudden price correction and significant drop: Elon Musk tweets On May 12, Tesla CEO Elon Musk said the electric car…

  • Monero (XMR) Vs Bitcoin (BTC)

    Developers and industry participants have produced a multitude of digital currencies since Bitcoin became the first digital currency to scale, meaning that it attained widespread adoption. These innovative currencies have been created to fulfill a wide range of objectives, ranging from creating a global payment system to serving as the "gas" needed to fuel a platform from decentralized apps (DApps). Monero, one of the more prominent digital currencies, has generated…

  • Ethereum (ETH) Vs Bitcoin (BTC)

    Since their inception, the role of cryptocurrencies in global finance has been a hotly-debated issue. Advocates and detractors have often clashed on the definition, value and regulation of virtual money. Despite the controversy, the onset of the 2020 coronavirus (COVID-19) pandemic gave many cryptos reputations as being viable stores of wealth and modes of transaction. During this uncertain period, Ethereum (ETH) and Bitcoin (BTC) led the mainstream adoption of digital…

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