Category: btc.d

MicroStrategy’s Michael Saylor Defends the Massive $2.2 Billion Bitcoin (BTC) Debt

On Thursday, July 29, business intelligence firm MicroStrategy revealed its second quarter results for 2021 declaring over $600 million with impairment losses with its bitcoin holdings. But company CEO and Bitcoin evangelist Michael Saylor continues to remain ultra-bullish on the future of Bitcoin. Saylor noted that buying Bitcoin right now is similar to buying Bitcoin […]

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Bitcoin (BTC) Shoots $42,000 As $45 Billion Asset Manager GoldenTree Starts Buying

Institutional inflows in Bitcoin (BTC) continue to grow at a faster rate. Just two days after banking giant State Street announced its crypto services, another $40+ billion asset manager GoldenTree has announced its investment in the world’s largest cryptocurrency. As a result, the Bitcoin (BTC) price is up 5% today shooting all the way to […]

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Bitcoin (BTC) Shoots 8% Closing Above 200 EMA, $45,000 In Sight

Bitcoin (BTC) is up 8% today making another attempt to move past its crucial resistance of $40,000. At press time, Bitcoin (BTC) is trading at a price of $39,828 with a market cap of $747. Bitcoin has picked up strong momentum amid rumors of Amazon integrating BTC payments. However, Amazon has confirmed that there are […]

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GBTC Premium Rebounds Sharply With Bitcoin (BTC) Price Rise, Whale Buying Continues

On Monday, July 26, the Bitcoin (BTC) price registered a strong recovery on its way to $40,000. This price rebound happened through a short squeeze with over $600 million in short positions getting liquidated in an hour’s time. As a result, the Grayscale Bitcoin Trust (GBTC) premium registered a sharp rebound. Moving closer to the […]

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Amazon News Shoots Bitcoin (BTC) Price By 15%, Over $640 Million of Short Positions Liquidated

Bitcoin (BTC) has skyrocketed 15% today moving all the way past $38,500 in a strong bounce back. The news that e-commerce giant Amazon is working to integrate Bitcoin payments at their end has brought all the fireworks. At press time, Bitcoin (BTC) is trading at $38,315 with a market cap of $719 billion. Over $640 […]

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JPMorgan Becomes First U.S. Bank to Offer Crypto Funds to Retail Wealthy Clients

On Thursday, July 22, Business Insider reported that JPMorgan has given a go-ahead to its advisors to offer clients crypto fund services. This is for the first time that the U.S. bank is expanding its crypto services from just ultra-wealthy clients now to retail-wealthy clients as well! In a memo published earlier this week on […]

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Elon Musk’s Comments Help Bitcoin (BTC) and Ethereum (ETH) Rally, But Key Resistance Still Intact

Tesla chief and billionaire Elon Musk weighed in on Bitcoin speaking at the B-word conference on Wednesday, July 21. Musk’s positive commentary on Bitcoin (BTC) and his declaration of holding Ethereum (ETH) served as a booster shot to the two largest crypto assets. Bitcoin (BTC) is up 7.74% at press time trading at $32,034 with […]

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Bitcoin (BTC) Secures Position Above $30,000, Don’t Rush To Buy Yet

After taking a nosedive under $30,000 on Tuesday, July 20, Bitcoin (BTC) is back once again securing its crucial support. At press time, the BTC price is up 3.59% at $30,694, and a market cap of $575 billion. The world’s largest cryptocurrency has been showing highly volatile performance over the last few weeks, and thus […]

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Cathie Wood’s Ark Invest Buys Additional 300K Shares of the Grayscale Bitcoin Trust (GBTC)

While Bitcoin (BTC) continues to trade under pressure, institutions are back at buying the dips once again. On Monday, July 19, Cathie Wood’s Ark Investment purchased an additional 300K of the Grayscale Bitcoin Trust (GBTC). As reported by The Street citing the subscription to Ark’s trading activity, the investment firm purchased 310,067 shares of GBTC at the […]

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Breaking: Bitcoin (BTC) Service Provider BlockFi In Trouble, NYAG Slaps Cease And Desist Order

As per the latest report from Forbes on Monday, July 19, BlockFi – the multi-billion dollar Bitcoin (BTC) financial services provider – has received a cease and desist order from the New Jersey Attorney General (NYAG). The Bureau of Securities operating under NYAG is likely to ask BlockFi to stop interest-bearing accounts. The same has […]

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