BTC price taps $58K as vital Bitcoin bull market trendline reemerges

Historically, a weaker United States Dollar leads to strength across other “safe haven” assets. By analyzing the correlation, such momentum and conclusion can also be drawn with Bitcoin (BTC) and the USD.Bitcoin has gained in 2020 as the U.S. Dollar Currency Index (DXY) has been having a tough year. But will this momentum continue in…

Since Bitcoin hit its all-time high of $20,000, the dominant cryptocurrency has seen more than an 80 percent decline in value from that historic milestone over the past 12 months.The popularity of Satoshi Nakamoto’s Bitcoin pioneered the way for other projects to explore the possibilities of blockchain technology. The brightest minds pushed the boundaries, which…

Cryptocurrency derivatives exchange FTX has launched Bitcoin (BTC) options trading on Jan. 11.FTX CEO Sam Bankman-Fried announced in a tweet yesterday that options were listed on the trading platform. Furthermore, later the same day he also claimed that options trading volume on the exchange reached $1 million in about 2 hours.Noteworthy volumeWhile the announcement does…

Spot gold last week hit its highest price level since Jan. 8 after dipping to as low as $1,680 in early March. 10656 Total views 3 Total shares In the aftermath of the Mid-May crypto market sell-off, gold has seen significant price recovery.Gold prices continued to inch higher on Tuesday, hitting $1,887 per ounce at…

Twelve Russian banks including Sberbank, VTB and Tinkoff Bank will help the Bank of Russia test the digital ruble in January 2022. 471 Total views 3 Total shares The central bank of Russia is setting up a group of banking institutions to test its central bank digital currency (CBDC) next year.On Tuesday, the Bank of…

Bitcoin rallies as central bank stimulus packages become more common, and the Fed’s signal of “higher for longer” interest rates aligns with investors’ market view.

As Bitcoin price surged above $10K, USDT exchange inflows reached an 8-month high. 1671 Total views 9 Total shares Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. Exchange inflows for the stablecoin reached a 2020 high yesterday as Bitcoin…

In 2023, Bitcoin (BTC) and Cathie Wood's Coinbase (COIN) investment are finally outperforming Warren Buffett's popular "crypto bet" in Brazil's fintech giant Nubank (NU). Bitcoin vs. crypto-exposure stocks NU, COINAs of March 17, Bitcoin's price is up nearly 55% year-to-date (YTD). In comparison, Nubank has risen by only 26%. Meanwhile, another crypto-exposure asset, namely Coinbase stock (COIN), has seen the…