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“# Big rise in financial advisers adding crypto assets to client portfolios ” According to a survey, financial advisers are recommending investments in Bitcoin and crypto assets to their clients more than ever before. A report by the Financial Planning Association released on June 1 has taken a look at the changing attitudes towards crypto…
“# Popular Bitcoin ETP set to debut in UK ” Cryptocurrency investment manager ETC Group is expanding its Bitcoin (BTC) exchange-traded product offering in the United Kingdom after harnessing Swiss market rules to bypass more stringent British regulations. The ETC Group Physical Bitcoin ETP, which trades under the ticker symbol BTCE, will begin trading on…
“# Bitcoin price D-Day starts ‘any moment,’ says trader, as BTC reclaims key level ” Bitcoin (BTC) is nearing the end of a consolidation period, which traders are betting will spark a fresh bullish breakout. In a tweet on Tuesday, popular trader Crypto Ed became the latest voice in the expanding bullish movement calling time…
“# Bitcoin price crash isn’t over, says JPMorgan strategist ” Following the worst May for Bitcoin’s (BTC) price in the past 10 years, the largest cryptocurrency is likely to continue falling in the short term, according to JPMorgan analysts. Weakened institutional demand is likely to drag the Bitcoin price below $30,000, JPMorgan strategist and Bitcoin…
“# UK Starling bank to resume crypto exchange deposits in late June ” Starling, a United Kingdom-based online bank, is preparing to resume payments to cryptocurrency exchanges after suspending crypto exchange deposits last week. A spokesperson for Starling told Cointelegraph on Tuesday that the bank is set to restart payments to crypto exchanges on June…
“# Bitcoin price bull run ‘starting to look like 2013’ after record red monthly candle ” Bitcoin (BTC) may have just had its worst monthly candle in ten years, but it could yet surge to new all-time highs this year, says popular analyst PlanB. In a tweet on June 1, the creator of the stock-to-flow-based…
“# Bitcoin’s rising popularity will lead to more regulation, says Riksbank ” Cryptocurrencies’ persistent growth and ever more mainstream adoption is keeping international monetary authorities on their toes. In fresh comments this week, Stefan Ingves, the Governor of Riksbank, Sweden’s central bank, said that digital assets’ rising popularity raises the stakes for regulators, central bankers…
“# Bank account flows for South Korean crypto exchanges surge 40% since 2020 ” As cryptocurrency markets grew in the first quarter of 2021, South Korean banks saw record volumes of deposits and withdrawals to local crypto exchanges. South Korean commercial banks processed 64.2 trillion won ($57.9 billion) of transactions on real-name bank accounts linked…
“# Veteran trader Peter Brandt sees Bitcoin crashing further after May’s 50% drop ” Bitcoin (BTC) faces the prospects of falling further even after its price made a strong recovery after crashing from $65,000 to $30,000 in May 2021. So, it reflects in the latest statements from Peter Brandt, chief executive of global trading firm…
“# Bitcoin and Ethereum fees slump to six-month low ” The transaction fees of Bitcoin and Ethereum have slumped to six-month lows as the markets cool after the recent crypto downturn. According to BitInfoCharts, the average price of performing a transaction using Bitcoin has fallen from an early-April all-time high of $62.77 to around $7.20…