Tag: BTCZAR

Bitcoin (BTC) Surges 5% Above $18,000 As Guggenheim’s Entry Sparks Excitement

After consolidating a while at around $17,200 levels, BTC price has once again surged 5.74% today surpassing $18,000 levels. At press time, Bitcoin (BTC) is trading at a price of $18,054 with a market cap of $332 billion. The latest Bitcoin price surge happened as one of the world’s biggest asset managers Guggenheim Partners is […]

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Peter Schiff Calls For Bitcoin’s Doom Again With New KYC Regulations

Famous gold proponent Peter Schiff is not a big fan of bitcoin and has predicted the top cryptocurrency’s doom on a number of occasions. Schiff’s last prediction came after the infamous Black Thursday crash in March this year when the bitcoin price crashed by more than 50% in a single day. Since then bitcoin has […]

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Huge Bitcoin Deposits at Exchanges By Whales Hint further BTC Price Correction

Bitcoin bulls should take a moment of caution as this might not be the right time for accumulation. As per the latest reports, Bitcoin Whales have accelerated depositing of their BTC holdings to exchanges. Meaning, we can possibly see heaving selling, and dumping in the short term. Bitcoin is already facing selling pressure as the […]

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Bitcoin rebounds from $16,200 but stuck between stacks of critical support and resistance areas

Bitcoin called out for more buy orders after diving from the yearly high at $19,500 to the support at $16,200. BTC/USD eyes recovery to the 50 SMA before making the final leg up to the all-time high at $20,000. Bitcoin lost a significant amount of its value on Thursday during the Asian session. The losses […]

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BTC’s 5% Crash Gives Peter Schiff One More Chance to Rant About Bitcoin Bubble

In a broader crypto market correction, Bitcoin has tanked over 5% slipping below $18,000 levels by losing more than $1000 in a flash. This crash comes just at a time when BTC was making efforts to surge past its all-time high of $20,000. At press time, BTC is trading 5.18% down at 17,847 with a […]

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Bitcoin dives from multi-yearly high to $18,400 despite positive on-chain metrics

Bitcoin price slumps to test support at $18,400 and the 50 SMA, respectively. The IOMAP on-chain model reveals that the least resistance path is upwards. Bitcoin price has been engulfed in selling pressure after failing to hold firmly above $19,000. The resistance at $19,500 remained unchallenged, giving bears ample time to increase their orders, thus […]

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US National Intelligence Director Writes to SEC Over China’s Growing Dominance in Cryptocurrencies

China’s growing influence in the digital currency space has got the US intelligence community on their toes as they see it as a threat to financial security. As per a recent report, the Director of National Intelligence John Ratcliffe wrote a letter to the Security and Exchange Commission (SEC) Chairman Jay Clayton expressing his concerns over China’s […]

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VanEck Europe Launches Physical Bitcoin Backed ETN on Deutsche Börse Xetra

VanEck, one of the largest investment management firms has successfully launched a bitcoin-backed Exchange Traded Note (ETN) which is listed on Deutsche Börse Xetra. The investment management firm has been quite active in its approach to launch a Bitcoin Exchange Traded Product for quite some time. The firm spent most of 2019 trying to pursue […]

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ETH-BTC Correlation Drops Below 50% Signalling Bull Run Ahead

In the latest development, crypto market analysts from Skew have stated that the ETH-BTC correlation has dropped below 50% for the first time since January 2018. The drop in the correlation indicates that we might be heading for a bull-run ahead very soon. The only time, the ETH-BTC correlation dropped below 0.5 was before the […]

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Grayscale Bitcoin Trust (GBTC) Surges Past $10 Billion Assets Under Management

Digital asset manager Grayscale continues to amass more and more Bitcoins as the Grayscale Bitcoin Trust (GBTC) clocks over $10 billion of assets under management (AUM). In the latest update, Grayscale notified that the total assets under management have also moved past $12 billion meaning the GBTC contributes a whopping 83% of its total value. […]

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