Tag: BTCKRW

Analyst Believes Institutions Won’t Allow Bitcoin (BTC) Price to Fall Below $28,000

Bitcoin (BTC) currently seems to be under selling pressure tanking another 4% earlier today. At press time, Bitcoin is trading at $34,812 with a market cap of $644 billion. However, in the last 48-hours, BTC has approached close to $30,000 levels twice before bouncing back. Just as Bitcoin (BTC) continues to face selling pressure from […]

Continue Reading

ECB President Believes Bitcoin is Speculative, Digital Euro in Next 5 Years

Christine Lagarde, the European Central Bank president in his recent talk at Reuters Next conference has deemed Bitcoin as a speculative asset that plays with investors’ psychology. Lagarde’s comments came during his talks about the role of sovereign digital currencies issued by national banks. She noted that a digital Euro is quite a possibility in […]

Continue Reading

Mining Rig Manufacturer MicroBT Prepares for U.S. IPO With Estimated $1 Billion Revenue In 2021

MicroBT, one of China’s biggest mining rig manufacturers of mining equipment is preparing for an Initial Public Offering (IPO) this year in the U.S. Stock market. Founded in 2016, microBT is a relatively new player but the second-largest Bitcoin mining rig manufacturer in China. The company has gained solid market share with its Whatsminer series, […]

Continue Reading

Bitcoin price risks revisiting $30,000 while Goldman Sachs reckons that BTC has matured as an asset

Bitcoin bulls focus on avoiding declines to $30,000 by holding above the 100 SMA and $33,000. Bitcoin is becoming more mature as an asset but needs institutional backing to stabilize. Bitcoin is fighting to hold above the $33,000 but overhead pressure continues to make this task a difficult one for the bulls. The largest cryptocurrency […]

Continue Reading

Bitcoin (BTC) Tanks Another 4%, Here’s Why Starters Should Avoid “Buy The Dips”

As CoinGape predicted yesterday, Bitcoin (BTC) has finally entered another correction with exchange inflows and outflows showing no improvement over the previous day. At press time, Bitcoin (BTC) has corrected another 4% and is trading below $33,500 levels. If we see the Bitcoin daily chart, the BTC price corrected nearly 10% for the second time in […]

Continue Reading

EX-CFTC Chair Gary Gensler Poised to be New SEC Lead, What to Expect for Bitcoin?

Wall street is busy today with rumors of Ex-CFTC chair Gary Gensler to be named new SEC lead by the current Biden government as reported by bloomberg. Gary Gensler is also a blockchain professor at MIT and comes with a good background in cryptocurrencies. Gary Admires Blockchain but supports Crypto Regulation Gary teaches a course […]

Continue Reading

Goldman Sachs Says Bitcoin Maturing as an Asset But Institutional Money Still Only a Fraction

Goldman Sach, the American banking investment giant sees Bitcoin as a maturing asset that has drawn institutional interest in its present bull run. Jeff Currie, the Global Head of Commodities Research at Goldman Sachs in his recent interview with CNBC said that the rising institutional interest in bitcoin suggests its status as a maturing asset, […]

Continue Reading

On-Chain Metrics Suggest Bitcoin Price Heading for Second Dump

Bitcoin price correction of over $10,000 on Monday led to high volatility in its price as traders both institutional and retail were seen selling aggressively. This also led to record trading volumes across several crypto exchanges in both the spot and futures market. While the market pullback did not really deter long time hodlers and […]

Continue Reading

Peter Schiff Tosses Claims of False Institutional Bitcoin (BTC) Purchases, T. Winklevoss Rebuts

After a mega-rally last week, the Bitcoin (BTC) price finally tanked 20% going to $30,500 on Monday, January 11, in a market-wide bloodbath. However, this gave an opportune moment for Bitcoin critics to rant their criticism about the world’s largest cryptocurrency. Over the last few months, there’s has been a massive institutional activity around Bitcoin […]

Continue Reading

Bitcoin Records Highest Daily Trading Volume Across Platforms on a ‘Bloody’ Monday

Bitcoin was again the talk of the town yesterday but this time around for crashing by more than $10,000 in a single day to fall from a daily high of around $40,000 to a daily low of near $30,000. The price correction of over 20% made many mainstream media outlets to call it an end […]

Continue Reading