Bitcoin price has posted all-time high today and that may pull select altcoins higher. Bitcoin (BTC) is gradually gaining ground on gold, the traditional store of value. Data shows that one ounce of gold can only buy 0.0352 Bitcoin as of Feb. 17, the lowest amount of BTC eve. This shows that Bitcoin has been…
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The sharp recovery in major altcoins and Bitcoin suggests the uptrend remains intact. A large part of the current crypto bull run has been driven by institutional demand. But for the first time, the institutions may be stepping back. According to CryptoQuant, the Coinbase Premium Index, the difference in Bitcoin’s (BTC) price on Coinbase Pro…
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Altcoins are soaring to new highs while Bitcoin price trades in a sideways range near the $47,000 support. Financial regulators across the world finally seem to be warming up to the idea that cryptocurrencies can trade in tandem with stock markets and also in exchange-traded funds (ETF). On Feb. 11, Canada’s Ontario Securities Commission approved…
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Together with Stellar, Dogecoin passes Bitcoin Cash by market cap and leaves the struggling altcoin in 12th place. The fortunes of beleaguered Bitcoin (BTC) spin-off Bitcoin Cash (BCH) took a turn for the worse on Feb. 8 as it was chased out of the top ten cryptocurrencies — by Dogecoin (DOGE). Data from Cointelegraph Markets…
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Altcoins are reaching multi-year highs while Bitcoin price builds momentum for the next run at the $40,000 level. Bitcoin’s (BTC) correction from its January high has not shaken the confidence of institutional investors. According to Glassnode analysts, the number of whales holding more than 1,000 Bitcoin has increased by 200 this year. Along with the…
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The Stellar blockchain can be used to pay with USDC, the second-largest stablecoin. The Stellar Development Foundation announced Tuesday that an anticipated integration with USD Coin (USDC) is live. Users can now transact with USDC on the Stellar blockchain. The integration with the second-largest stablecoin was initially announced in October 2020, as Cointelegraph reported at the…
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Bitcoin price is trading in a tight range, which is allowing multiple altcoins to push higher. Tesla CEO Elon Musk recently voiced his support for Bitcoin (BTC) during a chat with Clubhouse. Musk said that his friends tried to onboard him to the Bitcoin bandwagon as early as 2013, but the world’s richest man did…
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Bitcoin’s surprise rally to $38,500 lifted sentiment across the market but the temporary boost appears to be losing steam. Sentiment plays a major role in the short-term price action of an asset. This truth was demonstrated today when Elon Musk, the world’s richest man, simply wrote ‘Bitcoin’ in his Twitter bio. Crypto traders and Musk…
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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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