According to Glassnode data, Bitcoin is currently in a historic “bear-to-bull” phase, a transition from a bear market to a bull market. A recent report from Glassnode shows that the correlation between Bitcoin’s price and “supply in profit” (which represents the absolute amount of Bitcoin currently in profit in a given network) often drops below …
Glassnode: Bitcoin is in the transition period of ‘bear-to-bull’ Read More »
Not afraid of the cryptocurrency winter, the world’s second largest stock exchange Nasdaq (NASDAQ) is stepping up its pace to expand the territory of the cryptocurrency business. The official statement pointed out that Nasdaq is preparing to launch cryptocurrency custody services, aiming to meet institutional Investor needs. Tal Cohen, executive vice president of Nasdaq and …
The cryptocurrency market has been falling continuously this year. However, MicroStrategy, known as the “Big Brother Stud” in the currency circle, not only did not sell, but instead bought more bitcoins. MicroStrategy’s former CEO and chairman of the board of directors Michael Saylor said earlier today (20) that MicroStrategy purchased 301 bitcoins with about $6 …
On the eve of the release of the U.S. Consumer Price Index (CPI), Bitcoin continued its rebound trend over the weekend, breaking through the $22,000 mark twice today (12), hitting a new high in nearly a month. After falling below $19,000 last Wednesday, hitting its lowest level since June, bitcoin is up around 17% so …
Dan Morehead, CEO of Pantera Capital, a well-known American cryptocurrency fund, believes that the “bitter winter” will soon pass. He also said that “Bitcoin is brewing a rebound”, and he is optimistic that Bitcoin will start another upward trend again. And it will rise about 2.5 times every year. He also feels that the dominance …
Since the beginning of this year, the U.S. Federal Reserve (Fed) has aggressively raised interest rates to fight inflation, which has weakened the investment attractiveness of U.S. bonds. In order to avoid the risk of falling bond prices, many countries have recently reduced their holdings of U.S. bonds. Robert Kiyosaki, author of the best-selling financial …
Bitcoin has recently resumed its rally, regaining the $22,000 mark, hitting a nearly 1-month high, and market sentiment has also soared. Although the current global economy is still shrouded in the worry of high inflation, and the bear trend is difficult to reverse in the short term, Mike Novogratz, founder and CEO of cryptocurrency bank …
Mike Novogratz: Bitcoin will soar to $500,000 in 5 years Read More »
Officials from South Africa’s central bank pointed out that they intend to classify and identify cryptocurrencies as “financial assets” for supervision. New regulations are expected to be introduced in the next 12 months, while protecting investors and encouraging innovation and development. According to research by cryptocurrency exchange Luno, South Africa has widespread cryptocurrency usage, with …
Nearly a month after freezing user withdrawals and transfers, the cryptocurrency lending platform Celsius has finally paid off the decentralized lending protocol Maker’s loan and recovered 21,962 WBTC of collateral, which means that Celsius, which is in financial distress, is expected to receive Improved liquidity. On June 12 this year, Celsius suddenly announced the suspension …
Bloomberg analyst Mike McGlone said bitcoin could see a bullish rally in the second half of the year into an “epic bull market” as the market moves in a similar fashion to the bear market trough in 2018. Mike McGlone, senior commodities strategist at Bloomberg Intelligence, noted that he sees positivity in data from the …
