The current price action suggests that Bitcoin and Ether are likely to consolidate for the next few days before starting a directional move. Binance CEO Changpeng Zhao believes that the upcoming Bitcoin halving has not been priced in to the digital asset’s current price action. The reduction in miner rewards will increase the cost of…
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Numerous cryptocurrencies are attempting to resume their uptrend, which shows that the sentiment amongst traders remains bullish. Eurekahedge’s index of crypto hedge funds have clocked 21.15% returns since the start of 2020 and this is the best performance from the firm since the index started in 2013. Even in 2017, which was the blockbuster year…
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The current pullback has resolved the overbought state of many cryptocurrencies and after a few days of consolidation the uptrend is likely to resume. After Bitcoin (BTC) scaled above $10,000 the mood among market participants turned hugely bullish. Daily talks of the asset making new highs blanketed crypto Twitter and this bullish sentiment also rubbed…
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A deeper correction may have to wait as many major cryptocurrencies are looking strong and their uptrend is likely to continue. Interest in Bitcoin (BTC) has surged significantly after its rally above $10,000 and if the bulls can sustain the price above this psychological level, it is likely to attract further attention. While it is…
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The bulls are not waiting for a deeper correction before buying, which shows that the momentum remains strong and the uptrend intact. A report by investment management firm VanEck shows that Bitcoin can greatly improve the “risk and return reward profile of institutional investment portfolios.” The research shows that even a small allocation to Bitcoin…
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Wallet providers and exchanges will be paying interest on consumer crypto holdings within two years, predicts Dan Schatt. In a varied career, Dan Schatt has been a Peace Corps volunteer in Romania, a Citibank banker in Senegal, a Celent analyst and a PayPal executive. He co-founded Cred, a decentralized lending and borrowing platform, with other…
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Bitcoin Cash and Bitcoin SV have posted triple-digit gains in 2020 as traders are eyeing the halving events set to take place a month before Bitcoin’s. Recently, Bitcoin (BTC) has been picking up momentum as the halving in May 2020 moves closer. However, large-cap Bitcoin forks namely, Bitcoin SV and Bitcoin Cash, will have their…
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Most major cryptocurrencies are nearing stiff resistance levels, which can result in a few days of consolidation or a minor correction. The institutional investors have maintained their bullish stance on Bitcoin. Though the spot price is yet to hit $10,000, CME Bitcoin futures have already reached the five-figure mark. Additionally, the Bitcoin futures open interest…
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As the sentiment in the Bitcoin and cryptocurrency markets has turned positive, this dip should be viewed as a buying opportunity. The recovery in cryptocurrency prices has ignited interest among institutional investors. In 2019, dedicated crypto funds returned more than 16% according to Eurekahedge while traditional hedge fund strategies returned 10.4% according to Hedge Fund…
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Ethereum co-founder Vitalik Buterin recently said BTC and BCH are not the same, although previous tweets show he is not against BCH outright. In a recent tweet, Ethereum network co-founder Vitalik Buterin said Bitcoin (BTC) and Bitcoin Cash (BCH) are not the same. “Bitcoin Cash is not Bitcoin,” Buterin said in a Feb 1 tweet…
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