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“# Bitcoin bulls stampede toward $60,000 after a key BTC resistance is broken ” Within the last hour, Bitcoin (BTC) price surged to $57,100, a level not seen since Feb. 20 when BTC price made a new all-time high at $58,352. The bullish breakout signals that investor sentiment has shifted back in favor of bulls…
“# Good correction? Bitcoin price regains $57K as institutions buy the dip ” Bitcoin has finally bounced back, cleanly breaking the $50,000 barrier to trade at around $57,000 at the time of publishing. This signal comes as much-needed relief for bulls after the entire crypto market slumped for two weeks following the flash crash on…
“# Grayscale halts GBTC inflow after record 15% discount ” Grayscale Investments’ GBTC Bitcoin Trust has been under the heat for the last couple of weeks as it traded below the BTC equivalent for each share. The instrument trades on over-the-counter markets and is by far the largest listed cryptocurrency asset. Periodically, the private-placement offerings…
“# Ethereum vs. Bitcoin: Did ETH/BTC just bottom as Ether eyes $2K? ” Bitcoin’s (BTC) price has been broken past a major resistance level of $52,000 in the past few days and approaching the all-time high region. However, other cryptocurrencies are rallying heavily as well. In the recent months, the market has seen massive surges…
“# Bitcoin price focuses on $55K as bulls ignore a surging US dollar ” Bitcoin (BTC) challenged levels within 10% of all-time highs on March 10 as strength in the U.S. dollar failed to dent the bullish trend. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview $56,000 resistance is next BTC price hurdle Data from Cointelegraph…
“# JPMorgan launching ‘crypto exposure basket’ featuring MicroStrategy and Square ” JPMorgan Chase has designed a new debt instrument that provides investors direct exposure to a basket of crypto-focused companies, according to a new filing with the United States Securities and Exchange Commission, or SEC. JPMorgan’s Cryptocurrency Exposure Basket (Mar 2021) is described as an…
“# Norweigan energy tycoon spins up new Bitcoin business ” Norweigan energy service provider Aker Solutions is spinning up a new business dedicated to Bitcoin (BTC) after its CEO, Kjell Rokke, talked up the importance of the digital asset in a recent shareholder letter. On Monday, Aker announced that it has established Seetee — a…
“# Bitcoin whales ‘bought the dip’ as orders for $100K or more hit all-time highs ” Bitcoin (BTC) whales and institutions alike have made the most of the recent BTC price “dip” by buying big, data suggests. In an update on March 9, on-chain analytics service Material Indicators noted that buy orders of $100,000 and…
“# Bitcoin price cracks major resistance as analyst eyes $70K ‘destiny’ ” Bitcoin (BTC) tackled pivotal $52,000 resistance overnight on March 9 to come within 6% of historical all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price hits 2-week highs Data from Cointelegraph Markets and Tradingview showed BTC/USD hitting local highs of $54,500…
“# Glassnode: $47k showed strongest on-chain support since BTC broke $11k ” On-chain crypto analytics firm Glassnode has reported significant on-chain support was found for BTC at the roughly $47,000 level, describing the event as the largest on-chain support identified since Bitcoin broke above $11,000 in late 2020. According to a March 8 report from…