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“# Bitcoin’s 2020 explosion is not the 2017 bubble again ” Bitcoin’s (BTC) recent volatile price corrections might conjure up images of the 2017 crash in your mind, or maybe even the crash caused by COVID-19 back in March of this year. But the fact that Bitcoin has reached $20,000 for the first time in…
“# Bitcoin price hits $20,000 for the first time in history ” The price of Bitcoin (BTC) has reached $20,000 for the first time in history on Dec. 16. The historic milestone comes just over two weeks after breaking its previous all-time high. BTC/USD weekly chart. Source: Tradingview At the same time, this rally is…
“# Bitcoin hits 2-week high breaking last big resistance before $20K ” Bitcoin (BTC) hit its highest levels in two weeks on Dec. 15 as fresh bullish action took the largest cryptocurrency to near $20,000. Cryptocurrency market overview from Coin360. BTC price highest since Dec. 1 Data from Cointelegraph Markets, TradingView and Coin360 showed BTC/USD…
“# Bitcoin averaging 200% gains per year proves it’s ‘eating the world’ — Raoul Pal ” Bitcoin (BTC) is “eating the world” thanks to ten-year returns of over 6,200,000% and annualized returns of roughly 200% per year, investment strategist Raoul Pal has said. In a tweet on Dec. 15, Pal revisited his oft-quoted phrase as…
“# Bitcoin the third ‘most crowded trade’ in global fund manager survey ” A new survey of global fund managers reveals that Bitcoin has climbed in the rankings of “most crowded trade” beating out traditional investments like gold and bonds. Bitcoin was third on the overall list of options for the category, named as the…
“# Bulls buy the dip again after Bitcoin price rejects at a key resistance level ” For the second day in a row, Bitcoin bulls have attacked the $19,500 level in an attempt to flip the crucial level from resistance to support. Each attempt to overcome the resistance is has been rejected near $19,550 but…
“# UK investment manager shifts allocation to Bitcoin from gold in ‘defensive move’ ” A U.K.-based investment manager has added Bitcoin (BTC) to its portfolio, underscoring the ongoing institutional shift towards digital assets. Ruffer Investment Company Limited, an investment manager with shares listed on the London Stock Exchange, has disclosed its new Bitcoin strategy. In…
“# Exchange adds tBTC minting capabilities, lowering barrier to entry ” tBTC acts as Bitcoin (BTC) covered in an Ethereum wrapper, making it compatible on Ethereum’s blockchain for various purposes, such as decentralized finance, or DeFi. Users of tBTC can now mint the asset on crypto exchange CoinList. “Larger investors and retail that maybe aren’t quite…
“# Sovryn launches complete suite for Bitcoin DeFi on RSK ” Sovryn, a decentralized finance platform operating on the RSK Bitcoin sidechain, announced on Tuesday its public launch. Users can now access a full suite for trading Bitcoin (BTC) in a trustless, noncustodial environment, benefiting from powerful leverage and yield opportunities. The platform presents a mix of…
“# Bitcoin price tipped to consolidate before continuing bull run in 2021 ” The Bitcoin price (BTC) reached the $19,400 mark in the past 24 hours, which has served as a critical resistance level since the start of December. However, on-chain indicators show that the dominant cryptocurrency could stagnate or consolidate until early 2021. Although…