In a sudden move in early Sunday hours (UTC time), bitcoin (BTC) price crashed around 10%, leaving traders perplexed. In the top 10, all coins, except tezos (XTZ), are down in double-digits. At pixel time (04:50 UTC), BTC trades at c. USD 8,534 and is down by 13% in a day, erasing all weekly gains…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investment news Bitcoin Suisse, a crypto financial services firm, has announced the start of its Series A capital raise. According to the press release, a total of 20% of shares in…
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Open interest (OI) in bitcoin (BTC) options surpassed USD 1 billion ahead of the halving, with an exponential increase seen across all major marketplaces over the past week. Meanwhile, the bitcoin put-to-call ratio is also on the move, revealing some bearishness in the market. Although not unusual during bull runs in the spot market, the…
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In the past two days, there was a steady rise in bitcoin price above the USD 9,000 and USD 9,200 resistance levels. BTC even broke the USD 9,500 resistance and spiked above USD 10,000. It is currently (08:30 UTC) correcting lower, but dips remain supported above USD 9,550 and USD 9,500. However, there was lack…
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There’s some bullish news from the mining industry ahead of Bitcoin (BTC) halving. Miners are hoarding BTC, expecting higher prices and buying rigs in the thousands, while the recent rally has made older rigs profitable once more, thus pulling many miners away from the exit door. The miners have sold less than they’ve mined and…
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Paul Tudor Jones. Source: a video screenshot, Youtube, Goldman Sachs After legendary hedge fund manager Paul Tudor Jones made waves in the Cryptoverse with his bullish statements on Thursday, the crypto community wonders whether the investor holds physical bitcoin (BTC) that just spiked above USD 10,000 for the first time since February. In a letter…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news TD Ameritrade and other investors-backed ErisX crypto exchange has won a BitLicense operating permit in New York, per an official release from the state financial regulator. Other ErisX Read…
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After a successful close above USD 9,000, bitcoin price extended its upward move. BTC/USD surpassed the USD 9,200 resistance and tested USD 9,400. It is currently (08:30 UTC) consolidating above USD 9,200 and facing hurdles near USD 9,400, USD 9,440, and USD 9,500. On the other hand, most major altcoins are facing an increase in…
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Instead of jumping straight onto the bitcoin (BTC) bandwagon, traditional investors should ask themselves three “critical questions,” and make sure they can answer each of them satisfactorily, crypto investment firm Bitwise Asset Management urged in their new report. According to the report, titled The Case for Bitcoin in an Institutional Portfolio, investors Read more »Pay,…
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With the halving now several days away, bitcoin (BTC) has continued to grind higher in the market in recent days, despite a weaker overall crypto market and a levelling off in the price of both gold and US stocks. The outperformance of the number one digital asset has been particularly strong after the COVID-19 panic…
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