Category: Bitcoin

Grayscale Bitcoin Trust [GBTC] Premiums Drop to Lowest Since March 2017

As reported by Bloomberg, the Grayscale Bitcoin Trust [GBTC] premiums fall by 40% during recent crypto meltdown as GBTC itself fall by 15% WoW. For the first time since March 2017, fall in prices of GBTC [15%] has outpaced that of Bitcoin itself [13%] on the weekly timeframe. Investors Might be Dumping Their Positions in […]

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Bitcoin Correction Intact While Altcoins Skyrocket: The Crypto Weekly Recap

Bitcoin failed to recover in the past seven days, and it marked a further decline of about 8%. This has its current price hovering around $32,000, and its dominance has declined to 64.1%. But before we take a look at what this means for the altcoin market, let’s see what happened with BTC. The cryptocurrency […]

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Canadian VR Company Sells $4.2M of Bitcoin Following the Double-Spending FUD

NexTech AR Solutions, a Vancouver, Canada-headquartered developer of VR and AR solutions, has booked a $200,000 profit after selling over 130 bitcoins. The firm justified its decision with the double-spending that allegedly occurred on the BTC network yesterday. According to a press release published by the company, NexTech has sold all of its BTC holdings, […]

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Crypto Economy Shaves $100 Billion, Digital Asset Markets Recover Some Losses

Crypto Economy Shaves $100 Billion, Digital Asset Markets Recover Some Losses

Digital currency markets have dropped in value during the last two days as more than $100 billion was shaved off the entire crypto market valuation. Bitcoin slid to the lowest point of the year at $28,800 per unit on Thursday afternoon, and a number of other crypto-assets saw significant losses as well. Currently, as digital […]

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Buying the Bitcoin Dip: MicroStrategy Scoops $10M Worth of BTC Following $7K Daily Crash

Michael Saylor’s Bitcoin bet appears to be far from over as his company MicroStrategy has acquired even more BTC despite the crypto price experiencing a significant retrace over the last couple of days. MicroStrategy has added more Bitcoin to its balance sheet according to an announcement issued on Friday (Jan. 22, 2021). MicroStrategy has purchased […]

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Bitcoin Price Dips Below $30,000 as Coinbase Premium Goes to -122

At present, the Coinbase premium is running in negative at -122 suggesting the selling pressure is high and whales are more likely to sell than hodling. Coinbase Premium is the bitcoin price difference in USDT on Coinbase and Binance. During the peak of the bull season, the extensive buying by whales took the price of […]

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Andreas Antonopoulos Fights FUD With Facts. Bitcoin Is Safe And Worked As Expected

Andreas Antonopoulos Fights FUD With Facts. Bitcoin Is Safe And Worked As Expected

On january 21, 2021; a random dude sent $21 to another random dude. And this is news because that transaction triggered a series of unfortunate events that ended up wiping $84Billion from Bitcoin’s total marketcap, driving the community into a panic and causing a drop of more than 11% in the price of the largest […]

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