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“# Bitcoin will likely reach $60K in 2021, says Investing.com analyst ” Bitcoin (BTC) is likely to hit $60,000 in 2021 amid the growing mainstream adoption, according to an analyst at major financial publication Investing.com. Jesse Cohen, a senior financial analyst at Investing.com, predicted that Bitcoin will likely reach a $60,000 level in the first…
“# Total crypto market cap hits new all-time high of $1.13 trillion ” The combined value of all cryptocurrencies broke a new record of close to $1.139 trillion at 8:50 a.m. UTC on Feb. 4 . While long-term analysts often eye Bitcoin’s solo chances of eating into gold’s total market cap, the combined value of all…
“# ‘Ur welcome’ — DOGE soars after Elon Musk returns to Twitter… to shill Dogecoin ” Meme-based cryptocurrency Dogecoin (DOGE) gained 25% in minutes on Feb. 4 after a fresh endorsement from the world’s richest man. DOGE/USD 1-minute candle chart (Bittrex). Source: TradingView DOGE in new “Elon pump” Data from Cointelegraph Markets and TradingView showed…
“# Altcoins and DeFi tokens rally as Ethereum price hits $1,650 ” Sentiment throughout the cryptocurrency sector continues to improve as Ether (ETH) price ventured into uncharted territory and notched a new all-time high of $1,653 on Feb. 3. Meanwhile, Bitcoin (BTC) bulls appear to have their eyes set on the $40,000 mark and according…
“# Price analysis 2/3: BTC, ETH, XRP, DOT, ADA, LINK, LTC, BCH, BNB, XLM ” Bitcoin’s (BTC) stellar run in the latter half of 2020 and MicroStrategy’s purchase of the digital asset appears to have attracted attention from several publicly listed companies in the United States. However, the lack of regulatory clarity could have deterred…
“# Bitcoin bulls target $40K as Friday’s $1B BTC options expiry approaches ” On Feb. 5, a total of $1 billion in Bitcoin (BTC) options open interest is set to expire. This number is small relative to the past month’s $4 billion options expiry, but monthly and quarterly options typically concentrate the most volume. Friday’s…
“# Crypto hedge fund refutes JPMorgan’s claim that Bitcoin ETF is short-term negative for BTC ” Strategists at JPMorgan Chase caused quite the stir in January when they informed clients that the approval of a Bitcoin (BTC) exchange-traded fund, or ETF, would be a short-term headwind for the digital asset. A U.K.-based cryptocurrency hedge fund…
“# Late on crypto? Institutions still at early stage of Bitcoin adoption ” Institutional investors are seen to be rushing toward Bitcoin (BTC) at high speed, with more companies emerging that look to adopt Bitcoin as a way to store their reserves. Recently, Marathon Patent Group, a Nevada-based Bitcoin mining company, has bought $150 million…
“# MicroStrategy will pitch Bitcoin to 1,400 public companies: How will BTC price react? ” MicroStrategy, a $6.37-billion business intelligence conglomerate in the United States, will meet with public companies on Thursday to discuss Bitcoin (BTC). Michael Saylor, CEO of MicroStrategy, said that professionals from over 1,400 firms are joining the event. “If you are…
“# US Bitcoin exchange traffic explodes as analyst says flows hint at new BTC bull run ” Bitcoin (BTC) exchanges in the United States are seeing unprecedented popularity as a wave of adoption sweeps the market. Data from statistics resources Alexa and Similarweb shows that major exchange Coinbase now ranks within the top 1,000 most…