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“# Bitcoin falls below $58K as Bloomberg eyes $80K BTC price in Q2 ” Bitcoin (BTC) reversed recent gains to lose 1.5% on April 6 as bulls were kept frustrated with no sign of an attack on all-time highs BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Bitcoin will “likely” squash $60,000 resistance Cointelegraph Markets Pro…
“# 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….
“# Experts divided on BTC predictions: Bullish or super bullish? ” Despite the current battle between Bitcoin bulls and bears around the $50,000 price mark — and an 8.7% pullback over the past 24 hours — a raft of analysts and commentators have got out their crystal balls to tip a glittering future for Bitcoin…
“# Bloomberg: NIntendo to announce new Switch model with seven-inch OLED display later in 2021 ” Reportedly supports 4K output in TV mode. Nintendo will unveil a new Switch model with a bigger Samsung OLED display later in 2021, according to a Bloomberg report citing people familiar with the plan. The Samsung display is said…
“# Canadian Bitcoin ETF predicted to hit $1B AUM by Friday: Bloomberg analyst ” With only two full days of trading under its belt, the first Bitcoin (BTC) exchange-traded fund in North America reached more than $400 million in volume and is expected to go even higher. According to a tweet from Bloomberg analyst Eric…
“# Bitcoin energy debate resurfaces with calls for ‘green hackers’ to attack network ” The exponential rise in Bitcoin’s price and hash rate is driving critics to once again question the largest blockchain’s energy efficiency — with calls for “green hackers” to band together to mount an attack on the network. Total world production and…
“# Bloomberg’s Mike McGlone says BTC could be headed to $50K as gold loses appeal ” Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone. By 2024, he believes its volatility could even reach gold levels,…
“# Grayscale is buying BTC 54% faster than it is mined so far in 2021 ” Digital asset manager Grayscale is showing little signs of slowing down its Bitcoin accumulation, adding around 40,000 BTC to its stash since January 13. That’s around $1.36 billion worth of Bitcoin in just 16 days. The dramatic accumulation was…
“# Bitcoin whale explains to Bloomberg why crypto volatility will decline ” Bitcoin’s (BTC) violent price swings could become a thing of the past as institutional buyers with stronger hands continue to push the asset higher, according to a prominent crypto whale. Eric Peters, the founder and CEO of One River Asset Management, told Bloomberg…
“# ‘Ethereum only’ investors are growing, according to Grayscale ” Bitcoin (BTC) got many investors hooked on crypto, but it’s Ethereum’s Ether (ETH) that’s beginning to garner more attention, according to Grayscale. In a phone interview with Bloomberg, managing director Michael Sonnenshein said 2020 has seen a significant rise in “Ethereum only” investors, underscoring the…