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Bitcoin analysts explain what’s next in the aftermath of BTC plunging to $16.2K

Analysts and traders discuss both bull and bear cases for Bitcoin after the BTC price plunged to $16,200. The price of Bitcoin (BTC) dropped sharply on Nov. 26 following a mass sell-off from whales. Data from on-chain data firms, namely…

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Big banks think new furniture is innovation, but they are wrong

True innovations are a serious problem for traditional financial institutions, but fintech and crypto startups have the solution. When banks finally come to improve their technology experience, they go no deeper than changing the front end. They’ll make a button…

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Data shows Bitcoin price drops days after BTC futures open interest hits $1B

Data shows Bitcoin has a pattern of sharply correcting after the open interest on BTC futures tops $1 billion. There was a time when BitMEX derivatives exchange reigned sovereign over other exchanges, and the company effectively held a 50% market…

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Tether’s market cap is growing at a near-record pace

The market cap of USDT swelled by 1 billion over nine days. The market cap of Tether (USDT), a U.S. dollar-pegged stablecoin, has surged in recent weeks, potentially helping to fuel the recent Bitcoin (BTC) rally that drove prices to…

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Hodl or spend? Retailers offer Black Friday deals for those paying with cryptocurrency

As crypto enters the mainstream, major retailers are offering discounts and promotions to get customers to pay using cryptocurrency Cryptocurrency adoption is slowly but surely making its way to the mainstream — a notion that has become more apparent as…

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Negative Bitcoin headlines affect speculators, not HODLers says Morgan Creek CEO

Yusko claimed “Investors drive long term value, speculators drive current price.” The motivation and time horizon for entering Bitcoin (BTC) will ultimately dictate whether investors succeed in this new asset class, according to crypto pioneer Mark Yusko. On Friday, the…

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Institutional money may propel Bitcoin to $250K in one year’s time, says macro investor

According to macro investor Raoul Pal, the latest Bitcoin rally is just the beginning of an institutional-investor-led bull market. Bitcoin may hit $150,000 by November 2021, according to Raoul Pal, founder and CEO of Global Macro Investor and Real Vision…

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Bitcoin whale clusters show these are the strong support levels

Whale clusters show that the key-short term support areas for Bitcoin are $16,694, $16,411 and $16,064. Since topping out at $19,484, Bitcoin price has struggled to reclaim the $17,000–$18,000 level. As the price continues to decline, traders are targeting key…

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Ukrainian government sponsors educational web show about cryptocurrencies

The course teaches citizens the basic concepts and ideals of cryptocurrencies. The Ukrainian Ministry of Digital Transformation released a web series to educate citizens about cryptocurrencies, blockchain and Bitcoin (BTC). The show premiered on Wednesday and was developed in collaboration…

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CME overtakes OKEx as largest Bitcoin futures market

Bitcoin derivatives trading is on the rise as institutional investors flood the market. CME Group has become the world’s largest Bitcoin (BTC) futures market following a surge in open interest over the past month, industry data shows.  In a Friday…

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