Boris Schlossberg of BK Asset Management, a known Bitcoin bear, said that the current pullback could go above $8,000.
As has been the case for the past few weeks, it is hard to resist writing about the institutional investors.
So, with all this institutional money flowing in, has the crypto market bottomed out or is this a dead cat bounce?
BTC/USD Bitcoin completed an inverse head and shoulders pattern on July 17 with a break above the neckline at $6,953.38.
However, the BTC/USD pair has a strong resistance at $7,750, which acted as a major hurdle in early June.
At around 2PM London time ethereum jumped from just under $450 to a recent high of nearly $480 before somewhat settling at the time of writing to $470. It looks...
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Gemini crypto exchange plans to expand its USD trading support for institutional clients in the European Union. Gemini exchange has partnered with Liechtenstein-based Bank Frick to bring US dollar payment support for institutional clients in the UK and Switzerland, according…
Solana (SOL), once ranked as the third-largest cryptocurrency by market capitalization after Bitcoin and Ethereum, has dipped below its realized price level for the first time in nearly three years. On March 11, SOL fell to approximately 8% below its realized price of $134, a level last seen on March 9. This marks a significant […]
The cryptocurrency market continues to face sharp declines, with its total market cap dropping to $2. 44 trillion on Tuesday—the lowest since early November. A significant factor adding to investor concerns is the recent movement of Bitcoin from Mt.
The US government just made history by officially recognizing Bitcoin as a strategic reserve asset—a first for any global superpower. President Donald Trump’s new Executive Order (EO) establishes a Strategic Bitcoin Reserve, ensuring that seized Bitcoin will be permanently held by the federal government.
Most people have heard about Bitcoin these days, and even those who still don’t understand how it works might be aware that it’s widely considered to be a kind of “digital gold”. That’s because Bitcoin shares several characteristics with real gold, such as its scarcity, its perceived value and its usefulness as a hedge against […]
Stacks, a prominent layer-2 solution designed to unlock the potential of Bitcoin for decentralized finance (DeFi), is gaining significant momentum. The platform announced today that a number of major institutions are adopting sBTC, a 1:1 Bitcoin-backed, decentralized programmable asset, as a key component of their Bitcoin strategies.