As Bitcoin price rises to new heights, top traders say the monthly and logarithmic chart signal that BTC is entering a new bull trend. Peter Brandt, a well-regarded veteran trader, recently emphasized the high demand from institutions as a key catalyst for Bitcoin’s strong performance. BTC/USD 1-month chart. Source: TradingView The strong high time frame…
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Bitstamp is replacing its CEO for the first time since the company’s establishment. Bitstamp, one of the world’s oldest and largest cryptocurrency exchanges, is replacing its CEO for the first time. Nejc Kodrič, the firm’s CEO who co-founded Bitstamp back in 2011, is stepping down from his position. He will be moving into a new…
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LGO exchange is a gateway for Voyager to access Europe. Crypto broker Voyager has teamed up with LGO, a European digital asset exchange focused on institutions. “LGO and Voyager will merge their services and offering under the Voyager brand, to offer a premium experience to retail cryptocurrency investors, in the US and in Europe,” LGO…
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Mainstream investors apparently liked the company’s turn towards crypto. PayPal (PYPL) reached $215.87 on Oct. 21, a few dollars past its previous all-time high of $212.38, set on Sept. 2, 2020, according to data from TradingView. This price action came shortly after the payments company announced that it would soon be including crypto assets on its platform. PayPal plans to…
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Bitcoin hit a new 2020 high and altcoins rallied as PayPal announced that it will support crypto payments. The crypto markets are cheering PayPal’s decision to allow its customers to use cryptocurrencies to shop from its vast merchant network. PayPal also revealed that U.S. account holders will be able to buy, sell, and hold cryptocurrencies…
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Shares of Canada’s first publicly listed Bitcoin fund are up 30% since its launch in April. Canadian digital asset manager 3iQ has recorded a major milestone fo its public Bitcoin (BTC) fund. The Bitcoin Fund — Canada’s first Bitcoin fund listed on a major stock exchange — has crossed the $100 million market cap threshold,…
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Data from Wilshire Phoenix suggests BTC price formation is driven by CME Bitcoin futures but would this dynamic differ if stablecoin volumes were also included? On Oct. 14, Wilshire Phoenix investment firm released its Efficient Price Discovery report, which detailed how CME Bitcoin (BTC) futures impact Bitcoin price discovery. The firm concluded that “CME Bitcoin…
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Bitcoin price rallied to $12,000, but traders are unsure whether the move is a breakout or a fakeout. Within the past few hours, Bitcoin price rose to $11,988 before pulling back to hover around the $11,900 level. The price is on the cusp of breaking above $12,000, and some analysts have suggested that the dominant…
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Crypto seems to be nearly as popular as gold among Russian investors. Cryptocurrency investment is one of the most popular investment tools in Russia, according to a new report. The World Gold Council, a major market development organization for the gold industry, released a report on retail gold insights in Russia on Oct. 20. According…
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Bitcoin price may rise to a new 52-week high if it can break above the ascending channel and this move could ignite the altcoins. Crypto market sentiment appears to be improving across the board and the global push to mainstream central bank digital currencies is also making headway. In China’s Shenzhen province about 2 million…
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