Grayscale CEO, Michael Sonnenshein has taken to Twitter to reveal that the firm raised a massive $700 million on January 15, 2021, a feat that has never been reached previously in a single day by the company. The asset management firm now has $27.1 billion in assets under management, from …
Read More »Bitcoin Finds Support Despite Aggressive Spot Selling; Bull Case Grows
Bitcoin has faced some massive selling pressure throughout the past few days and weeks, with buyers losing their edge over the market as sellers target further downside This weakness caused the crypto to dip all the way down towards $30,000 this morning before it was able to find some serious …
Read More »Bitcoin’s “Main Bull Phase” Has Arrived: On-Chain Analyst
Bitcoin has undergone a strong rally over recent weeks that has nearly brought it to $30,000. The leading cryptocurrency currently trades for $29,900, far above where it was just weeks ago. Analysts think that the main Bitcoin bull phase is here. This comes in spite of some concerns shared months …
Read More »Bitcoin Nearly Taps $29,000 as Bull Run Continues
Bitcoin nearly tapped $29,000 this morning as the bull run has continued. The leading cryptocurrency is up 5% in the past 24 hours, having pushed from the $27,000 region to $28,900 in the latest leg higher. Bitcoin currently trades for $28,750 as bulls have failed to surmount the $29,000 resistance. …
Read More »Calls for Another Bitcoin Bull Run Grows as Its Open Interest Soars
Bitcoin prices eased on Tuesday as traders with short-term risk appetite locked their profits. The benchmark cryptocurrency slipped by up to 4.56 percent to an intraday low of $25,833. Nevertheless, attempts to extend the bearish momentum faltered due to a comparatively stronger buying pressure near the $25,000-area. Since Christmas, the …
Read More »Why Bitcoin Bull Market Shakeouts Are Healthy For Holders
At this point, no one can deny that Bitcoin has begun a new bull market. The 500% rally and new all-time high in 2020 is all the evidence that is needed. But that doesn’t mean that corrections won’t soon come, and according to VanEck’s digital asset director, Gabor Gurbacs even …
Read More »Bitcoin price tipped to consolidate before continuing bull run in 2021
The Bitcoin price could stagnate until early 2021, various on-chain indicators show, as investors could take profit. Source link
Read More »Five Technical Reasons The Bitcoin Bull Trend Is Taking A Breather
Bitcoin is currently experiencing a small correction by cryptocurrency standards. The last time the top cryptocurrency corrected from below $20,000, it touched under $6,000 weeks later. But the normally notoriously volatile crypto asset isn’t swinging quite as wildly as the peak of the 2017 bull run. So while this isn’t …
Read More »Bitcoin undervalued sub-$20K, says new report as BTC mimics 2017 bull run
Bitcoin’s market cap to thermocap ratio is primed to repeat bullish behavior, analysis from Stack Funds says. Source link
Read More »Bitcoin Bullish Hammer Reversal Forming, But Beware Of Bull Trap Potential
Bitcoin price dipped as low as $17,700 overnight before bulls drew a line in the sand and began to defend the recent rally. Although the move down was sharp and severe, the strength of bulls has left a long wick behind and a bullish “hammer” is forming. A daily close …
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