Bitcoin’s dip below $30,000 triggered a sell-off in altcoins and dip-buying traders might not have enough momentum to cause a relief rally. Public companies have purchased about 85,000 Bitcoin (BTC) in the past year and institutional investors have pumped money into Grayscale Investments, which shows increasing institutional adoption is one of the main reasons for…
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Altcoins continue to trend higher, but Bitcoin price needs to turn $35,000 to support in order for the entire market to gain momentum. After the recent correction, Bitcoin (BTC) will need aggressive inflows to absorb the possible selling from the short-term traders and momentum players as the price nears $40,000. In the past few months,…
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Bitcoin price has rebounded above a key trendline but resistance at higher levels may limit the recovery in altcoins. Aggressive profit-booking sent Bitcoin (BTC) spiraling below $29,000 on Jan. 21 but was this a sign that institutional investors dumped their positions? This is one of the main questions bothering traders because large institutional inflows primarily…
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Mystery filings using Grayscale’s name suggest the multi-billion dollar firm may be looking to expand the number of Trusts. Grayscale Investments could be set to launch a raft of new products including a Chainlink Trust, if freshly unearthed filings are to be believed. According to the State of Delaware’s Division of Corporations, someone set up…
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Bitcoin price continues to drop, pushing select altcoins closer to their critical support levels. When an asset is in an overbought condition and traders are sitting on large profits, even minor negative news and events could trigger profit-booking. This seems to have happened following Janet Yellen’s adverse comments on cryptocurrencies during a virtual hearing with the…
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Bitcoin’s brief period of consolidation has opened a path for select altcoins to rally higher. Bitcoin (BTC) price has yet to recapture the $40,000 level and traders who were expecting a quick resumption of the uptrend may have been caught off guard by the recent pullback. This could have led to the liquidation of about…
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Bitcoin’s lower support retest was bought up by bulls, preparing BTC for another push to $40,000. Calls for Bitcoin (BTC) to rally above $40,000 were dashed as the top cryptocurrency hit a wall of resistance which sparked a sell-off in the early trading hours. Data from Cointelegraph Markets and TradingView show the price of BTC…
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Altcoins have entered a slight correction after Bitcoin’s relief rally lost steam and the price dropped below $35,000. Grayscale products witnessed $3.3 billion in inflows in the fourth quarter of 2020, a large jump over the $1.05 billion seen in the preceding quarter. According to Grayscale, institutional investors accounted for 93% of the new investments. …
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Traders are shifting funds into select altcoins as Bitcoin price trades in a sideways range. The top 100 richest Bitcoin (BTC) addresses have added 334,000 Bitcoin to their existing holdings over the past 30 days, a clear signal that whales and institutional-size investors bought the dip. A positive sign is that most of them have…
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Warp Finance’s hack of $8 million could have been prevented with better oracles, the team says. Warp Finance, a DeFi lending protocol that suffered an $8 million flash loan exploit shortly after release, is now gearing up for a relaunch that will include an integration with oracles by Chainlink. The inclusion of Chainlink oracles reportedly…
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