Auto Added by WPeMatico

Bitcoin Reclaims $47K: Solana (SOL) Surges 22% to New All-time High (Market Watch)

Bitcoin continued to trade around the $47,000 line in the past 24 hours after it dropped to a weekly low beneath $46,400. Most altcoins have stalled since yesterday, except for…

Continue ReadingBitcoin Reclaims $47K: Solana (SOL) Surges 22% to New All-time High (Market Watch)

BTC Retraces as Short-Term Selling Pressure Continues: Was $50k a Local Top? (Bitcoin Price Analysis)

Bitcoin managed to daily close back above $48.1k, but met with selling pressure throughout the day, hitting an intraday low of $46.3k, according to Bitstamp. Short-term technicals have turned cautiously…

Continue ReadingBTC Retraces as Short-Term Selling Pressure Continues: Was $50k a Local Top? (Bitcoin Price Analysis)

Bitcoin futures open interest at 3-month highs — But will it be enough to overcome $50K?

The indicators, coupled with a strong bid momentum versus the offers, suggest that Bitcoin’s price could push above $50,000 in the coming sessions.

Continue ReadingBitcoin futures open interest at 3-month highs — But will it be enough to overcome $50K?

Correction Intact: Bitcoin Slumps Over $3K After the Rejection at $50K, Total Cap Retests $2T

The volatile nature of the cryptocurrency market stroke again, with bitcoin displaying several $2,000 moves in both directions. Nevertheless, BTC dropped below $47,000, and most of the altcoins have followed…

Continue ReadingCorrection Intact: Bitcoin Slumps Over $3K After the Rejection at $50K, Total Cap Retests $2T

Morgan Stanley Increases its Crypto Exposure With Large Investments in the Grayscale Bitcoin Trust

Despite the bearish rhetoric prevalent among crypto analysts until recently, Morgan Stanley, one of the largest banks in the United States, has been gaining exposure to Bitcoin by investing millions…

Continue ReadingMorgan Stanley Increases its Crypto Exposure With Large Investments in the Grayscale Bitcoin Trust

FSC Chairman Nominee Does Not See Cryptocurrencies as Real Currency

Financial Services Commission (FSC) Chairman nominee Koh Seung-beom opined that digital assets would not work successfully as financial instruments. He went further, stating they “could not function as a real…

Continue ReadingFSC Chairman Nominee Does Not See Cryptocurrencies as Real Currency

Infrastructure Bill Will Hasten USD Devaluation and Bitcoin Hedging (Opinion)

The $1 trillion bipartisan infrastructure bill in the U.S. Congress is currently on pause until Sept 27th or later. Meanwhile, House Democrats want to spend $3.5 trillion. After $6 trillion…

Continue ReadingInfrastructure Bill Will Hasten USD Devaluation and Bitcoin Hedging (Opinion)

Bloomberg Strategists Predict: The SEC Could Approve a Bitcoin Futures ETF in October 2021

The US Securities and Exchange Commission could finally greenlight a Bitcoin futures ETF in the next two months, predicted analysts from Bloomberg. The strategists outlined the recent withdrawals for Ethereum…

Continue ReadingBloomberg Strategists Predict: The SEC Could Approve a Bitcoin Futures ETF in October 2021

Bitcoin Enters Short-Term Pullback: Here are the Support Levels it Must Hold (BTC Price Analysis)

After BTC topped out at $50.5k, the short-term technicals began to turn cautious and slightly bearish as 4-hour, and daily momentum slowed and started to trend lower. Considering Bitcoin has…

Continue ReadingBitcoin Enters Short-Term Pullback: Here are the Support Levels it Must Hold (BTC Price Analysis)

Bitcoin Slips Below $48K as $100B Erased from the Market Cap (Market Watch)

The adverse price developments in the crypto market continue for a second consecutive day, with bitcoin dropping below $48,000. Most altcoins have suffered even more with massive price dumps, and…

Continue ReadingBitcoin Slips Below $48K as $100B Erased from the Market Cap (Market Watch)