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“# Bitcoin derivatives data shows pro traders ignored today’s $41K pump ” Sometimes all Bitcoin (BTC) needs to pump 10% is a positive remark from someone like Elon Musk. The Tesla CEO has been pointed to as the culprit for the recent downturn after the company’s May 12 announcement explaining that it would no longer…
“# Following massive BTC purchase announcement, MicroStrategy says it may sell up to $1B in stock ” The same day business intelligence firm MicroStrategy announced it would use $488 million from the proceeds of a private offering sale to buy Bitcoin, the company said it may also sell up to $1 billion of its stock…
“# Price analysis 6/14: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH ” Bitcoin (BTC) has risen above the psychological resistance at $40,000 following a series of positive news flow over the past week. The first bit of bullish news that impacted the price of Bitcoin was a tweet from Tesla CEO Elon…
“# ‘Bitcoin is not an asset that is designed to be leveraged’ says Caitlin Long ” All eyes are on Bitcoin (BTC), as the largest cryptocurrency shot up past $40,000 on June 14. Unsurprisingly, the price increase happened shortly after Tesla CEO Elon Musk tweeted that the electric-car company would potentially accept BTC payments once…
“# Here’s how pros safely trade Bitcoin while it range trades near $40K ” Investors tend to define the market as either bullish or bearish, but sometimes the price can remain within a specific range for an extended period. This type of sideways movement is not necessarily stable because cryptocurrency markets have high volatility that…
“# MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase ” Business intelligence company MicroStrategy has completed its $500 million offering of secured notes, and said it plans to use the proceeds to purchase Bitcoin. In a Monday announcement, MicroStrategy said it had sold $500 million worth of senior…
“# Bitcoin price hits $40K as Paul Tudor Jones slams Fed inflation claims ” Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price breaks out past $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in…
“# Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking ” Institutional Bitcoin (BTC) investors are in the spotlight as an upcoming major cashout date sparks talk of fresh price volatility. As noted by popular Twitter commentator Loomdart and others this week, attention is focusing on buyers and sellers…
“# Bull trap fears engulf Bitcoin market as BTC paints CME gap below $40K ” A run-up towards $40,000 in the Bitcoin market risked exhaustion as Chicago Mercantile Exchange’s futures opened on Monday, June 14 with a gap of $1,575, the first since May 17. In retrospect, the downside risks heightened due to Bitcoin’s recent…
“# Elon Musk, $40K and no demand: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) starts a new week on a pleasant high thanks to a boost from a familiar source, Elon Musk. Are the good times back? After spending weeks languishing close to $30,000, Bitcoin has managed to stage a sustained…