Tag: BTCGBP

Bitcoin Price Is Only 10% To $70,000 As Exchange Withdrawals Hit 4-Month High

Bitcoin exchange withdrawals hit another four-month high as speculation for higher highs grows. BTC holds above the $62,000 immediate support as bulls plan the mission to $70,000. Bitcoin’s upswing to a new all-time high triggered massive action across the market. Crypto assets like Solana have reclaimed levels not seen in months while keeping the uptrend […]

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Houston Firefighter’s Pension Fund Bought $25M Worth of Bitcoin and Ethereum

The Houston Firefighters Relief and Retirement Fund (HFRRF) has hopped on the cryptocurrency bandwagon by making a $25 million investment in BTC and ETH. The allocation became possible through a partnership with New York Digital Investment Group (NYDIG). The October 21st press release outlined the partnership between the two organizations, reading that NYDIG facilitated the […]

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Mt. Gox Creditors Could Receive Billions in BTC as Latest Rehabilitation Plan Gets Approval

The trustee responsible for handling the Mt. Gox hack and the victims’ claims has updated that the rehabilitation plan was approved by the majority of creditors. Consequently, the creditors could receive roughly $9 billion in BTC by the end of the year. Mt. Gox was once the biggest cryptocurrency exchange responsible for 70% of the […]

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I Feel Underinvested in Bitcoin: PayPal Co-Founder Peter Thiel Says

I Feel Underinvested in Bitcoin: PayPal Co-Founder Peter Thiel Says

The German-American billionaire entrepreneur – Peter Thiel – praised bitcoin’s recent surge to an all-time high price. According to him, this rise shows that the major financial institutions are struggling to cope with the current economic situation. Underinvested in Bitcoin Peter Thiel – Co-Founder of PayPal and Palantir Technologies – has been a long-standing cryptocurrency […]

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Former US House Speaker Says Countries Should Use Bitcoin (BTC) as Inflation Hedge

Newt Gingrich, the Ex-Speaker for the US House of Representatives is back in news with his radically pro-Bitcoin suggestions to the authorities. Gingrinch, who is now an adviser at a new Israel-based firm, the International Bitcoin Advisory Corporation (IBAC) recently told the Financial Times that, countries should use Bitcoin as a hedge against inflation as […]

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7x April’s ATH: Bitcoin Transactional Volume Reaches $700 Billion in a Week

7x April’s ATH: Bitcoin Transactional Volume Reaches $700 Billion in a Week

There’s been plenty of comaparisons of Bitcoin’s price action now and in April when the cryptocurrency reached its previous all-time high. Research firm IntoTheBlock now points out a staggering difference in Bitcoin’s transactional volume between the two periods. $700 Billion Weekly Transactional Volume According to the research firm, Bitcoin’s on-chain volume reached over $700 billion transacted, which […]

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Bitcoin Price Analysis: Caution – Is the BTC Breakout to All Time Highs Confirmed?

Bitcoin Price Analysis: Caution – Is the BTC Breakout to All Time Highs Confirmed?

Bitcoin managed to complete a daily close above the previous all-time high at $64.8K at $66K. This is an early bullish signal, but it’s not enough to fully confirm the breakout. For this to happen, we need to see multiple daily closes, as well as weekly ones above $64.8K. This would provide confirmation and further […]

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Breaking: FTX Becomes a $25 Billion Crypto Exchange After $420 Million Fundraise

FTX crypto exchange became one of the most valuable private crypto firms after their latest funding round. The popular crypto exchange raised $420.69 million in its latest funding round with investment from 69 investors. The latest funding round comes just months after it closed the largest funding round in crypto history with $900 million in […]

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Bitcoin Price Flash Crashed 87% to $8200 on Binance US

Bitcoin Price Flash Crashed 87% to $8200 on Binance US

After yesterday’s new all-time high at $67,000, bitcoin corrected today with a steep decline to below $64,000. On some exchanges, though, the crash was significantly more violent as BTC dropped as low as $54,000 on Kraken and to four digits on Binance.US. October 20th was a historic day for the primary cryptocurrency as it finally […]

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JP Morgan Claims This is the True Catalyst For Ongoing Bitcoin ($BTC) Price Surge

Bitcoin ($BTC) price recorded a new all-time-high near $67K yesterday, taking Bitcoin’s market cap to $1.25 trillion. The bullish price surge was largely attributed to the record-breaking ProShares Bitcoin Futures ETF ($BITO) debut. However, JP Morgan strategists believe otherwise. According to a report by Bloomberg, JP Morgan strategists see growing inflation as the key catalyst […]

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