Financial Industry News
Bitcoin’s (BTC) tumble below $30,000 was short-lived as the top cryptocurrency found a new wave of support, including a $10 million ‘buy the dip’ moment from MicroStrategy. Data from Cointelegraph Markets and TradingView shows the strong inflows have helped lift BTC 4.92% to a daily high at $33,866. As the prospect of the Biden administration […]
Continue ReadingAfter weeks of anticipation and a closely-watched series of preparatory steps, BadgerDAO’s synthetic rebasing Bitcoin, DIGG, is now live and claimable for qualified addresses on Ethereum mainnet. The release will be eagerly welcomed by a perhaps-overzealous community, one which has been lighting up Twitter with “wen DIGG” for weeks. For all the memes and excitement, […]
Continue ReadingBitcoin Core lead maintainer Wladimir van der Laan has decided to take “even more” of a “background role” for the sake of further decentralizing the project, according to a new blog post. Bitcoin Core is the key software underpinning the Bitcoin network. While van der Laan’s work is mostly “janitorial” in nature, making sure the […]
Continue ReadingJanet Yellen, the former Chair of the Federal Reserve, is one step closer to earning the nomination of Treasury Secretary. The Senate Committee on Finance voted unanimously to approve Yellen’s nomination Friday morning, setting the stage for a full Senate vote. Republican Senator Chuck Grassley said he hoped the GOP’s backing would signal “bipartisan” support […]
Continue ReadingCrypto markets have reversed course across the board and are flashing green Friday. Bitcoin crossed over $32,000 and ether is rallying hard in 2021 so far. Bitcoin (BTC) trading around $33,608 as of 21:00 UTC (4 p.m. ET). Gaining 5.3% over the previous 24 hours. Bitcoin’s 24-hour range: $28,845-$33,873 (CoinDesk 20) BTC above the 10-hour […]
Continue ReadingEthereum has been trading as a higher beta asset to Bitcoin as of late, closely tracking the benchmark crypto but seeing more drastic movements Last night’s Bitcoin selloff proved to be somewhat dire for ETH, with it sending the cryptocurrency down to lows of $1,040 This decline marks a 30% retrace from ETH’s recent highs […]
Continue ReadingAggressive profit-booking sent Bitcoin (BTC) spiraling below $29,000 on Jan. 21 but was this a sign that institutional investors dumped their positions? This is one of the main questions bothering traders because large institutional inflows primarily led the run-up to $42,000. Cointelegraph contributor Marcel Pechman analyzed derivatives data from various exchanges, which showed professional traders […]
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Continue ReadingWhile there was plenty of FUD flying around, it wasn’t the real reason prices pulled back so significantly. This episode is sponsored by Nexo.io. Download this episode Today on the Brief: Home sales up, home supply down Biden’s first test on the stimulus Euro pessimism Our main discussion: Why the bitcoin dip wasn’t caused by […]
Continue ReadingBitcoin price has now pulled back a full $13,000 from 2021 high to low. Yesterday’s massive bearish, red candle is one obvious sign that the trend is turning. However, a technical analysis tool used to gauge the strength of trends also confirms that bears have taken over the reigns from bulls and it could lead […]
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