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“# NFT-related altcoins hit new highs after Bitcoin price rallies to $53K ” The cryptocurrency market saw an influx of activity on March 8 that provided a lift to the vast majority of the top tokens as the world celebrates International Women’s Day. Bitcoin’s (BTC) recovery back above $50,000 was followed by a new wave…
“# Pro traders avoid Bitcoin longs while cautiously watching DXY strengthen ” Bitcoin (BTC) price might have re-established $50,000 as a support, but the optimism of professional traders is nowhere near the levels seen before the 26% drop to $43,000 on Feb. 28. The current scenario is far from bearish, but derivatives indicators do not…
“# Price analysis 3/8: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LINK, LTC, BCH ” Data from Glassnode shows that Bitcoin (BTC) held on centralized exchanges has dropped by about 20% in the past 12 months. This suggests that investors are withdrawing their Bitcoin to the cold storage with a view of possibly holding them…
“# Bitcoin ‘pushing aside’ gold as a store of value — Senior Bloomberg strategist ” A number of indicators suggest that Bitcoin (BTC) is pushing aside gold as the premier safe-haven asset. This could set the stage for wider mainstream adoption of the digital currency, according to Mike McGlone, a senior commodity strategist at Bloomberg….
“# Bitcoin price breakout imminent: Why BTC bulls and bears are battling at $52K ” Bitcoin’s (BTC) price has been consolidating in the previous weeks as the sentiment and momentum have slowed to a crawl. That’s very natural, as it’s also impossible to throw a six every time. Therefore, consolidation and correction are necessary for…
“# Beware the ides of March: Bitcoin slumps as Treasury yields and the Dollar rise again ” The price of Bitcoin (BTC) is struggling to break past $51,000 on March 8 as the U.S. Treasury yield is rising again while the U.S. Dollar Index (DXY) is at the highest levels in over three months. The…
“# Galaxy Digital Bitcoin ETF to launch this week as exec eyes ‘compelling opportunities’ ” Bitcoin (BTC) exchange-traded funds (ETFs) continue to multiply as a new entrant hits the Canadian market on March 9. In a press release on Monday, Galaxy Digital Capital Management, a subsidiary of financial services and investment management company Galaxy Digital,…
“# Bitcoin closes its second-best week ever: 5 things to watch in BTC this week ” Bitcoin (BTC) starts a new week on a firmly bullish note as stocks tumble and BTC managed to close the week above $50,000. After a mixed performance last week that saw multiple tests of $46,000, buyer support is entering…
“# Want to be rich? Bitcoin’s limited supply cap means you only need 0.01 BTC ” In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich. Saving 0.01 Bitcoin (BTC) might cost only $5,000 today but according to the current global wealth distribution and…
“# Top 5 cryptocurrencies to watch this week: BTC, UNI, THETA, VET, LUNA ” Bitcoin’s (BTC) fundamentals received a boost as the U.S. Senate passed the $1.9 trillion stimulus bill on March 7. If traders react to this bill in the same way as they had done to the first stimulus package in April 2020,…