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NYSE-listed Chinese Lottery Outfit Expands Bitcoin Mining Investment

500.com — a New York Stock Exchange (NYSE)-listed Chinese sports lotto company is expanding its investment outlay in the Bitcoin (BTC) mining arena. The firm is the latest to increase its hardware inventory as the global Bitcoin mining hash race continues to intensify following the halving that occurred back in May 2020. 500.com Acquires MoreRead More дальше »

2021-2-4 02:00


3iQ Prepares Ether Fund Launch on the Toronto Stock Exchange

The firm has already launched a public BTC fund on the Toronto Stock Exchange and is now expanding its offering with the Ether Fund. The Ether Fund IPO According to Tyler Winklevoss, Bitcoin billionaire and co-founder of Gemini, a cryptocurrency exchange and custodial platform, 3iQ’s Ether fund has raised approximately $75 million before the IPO. дальше »

2020-12-10 17:04


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Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January

Bitcoin miner Argo Blockchain reported Thursday that revenue climbed 23% to £1.48 million ($1.98 million) in November compared to £1.2 million ($1.6 million) the previous month. ● The London Stock Exchange-listed firm mined less bitcoin (BTC) in November (115 BTC) than it did in October (126 BTC) “due to changes in mining difficulty”, but bitcoin’s […] The post Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January appeared first on Bitcoin News. дальше »

2020-12-5 18:00


Bitcoin Traders Discuss the Likely Short Term Correction Case For BTC Price

The Bitcoin price is hovering above $17,700 after an explosive overnight rally. Albeit the market sentiment is at its peak, some traders anticipate a healthy BTC price pullback might occur. Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, said an average 30% correction would mark a healthy pullback for BTC. If […] дальше »

2020-11-18 21:35


These Factors All Suggest Bitcoin is Poised to Explode Past $16,000

Bitcoin has been seeing some slight turbulence over the past few hours on news of Pfizer developing a highly effective vaccine Initially, this news sent BTC’s price inching lower, but it has since shown signs of strength as buyers absorb sell orders It remains unclear as to whether or not this news, and the ongoing stock market rally, will bode well for the cryptocurrency in the days and weeks ahead If BTC continues trading like […] дальше »

2020-11-10 02:00


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Ethereum Just Posted a Strong Weekly Close as Analysts Eye Upside

Ethereum has been consolidating alongside Bitcoin for the past few days, with bulls and bears currently locked in a heated battle as its price trades around $450 Where the market trends next will depend largely on whether or not Bitcoin can stabilize or move higher Global stock market volatility as a result of the vaccine news may also play a role in BTC’s price action in the week ahead Because ETH is a higher beta […] дальше »

2020-11-10 23:00


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Bitcoin’s Stock Market Correlation Just Hit Zero for the First Time Since May

Bitcoin is now caught within an intense uptrend that has sent its price rocketing up to fresh yearly highs, with bulls currently testing these highs as they target further upside This strength has come about due to the confluence of multiple positive news developments and has allowed BTC to far outperform the stock market One bullish result of this recent rally has been Bitcoin’s correlation with the stock market diving to zero This correlation previously […] дальше »

2020-10-25 19:00


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Why Decoupling Is Bitcoin’s Only Chance At Making Significant Growth

Bitcoin’s incapability to make a significant price breakout has been credited to a lot of factors birthing volatility. BTC’s correlation to the stock market is a major indicator that the dominant cryptocurrency is about to get hit with intense volatility, this is according to the cryptocurrency analytics platform, Weiss Crypto Ratings. In a similar report, […] дальше »

2020-10-22 12:11


Analyst Claims Bitcoin Unlikely to Gain a Trend Until 2 Key Events Occur

It has been a rocky past week for Bitcoin, as the cryptocurrency has primarily been subjected to a bout of sideways trading Its inability to gain any trend is likely due to the stock market’s consolidation phase For better or worse, BTC has grown incredibly tied to the traditional market Its near-term trend may depend almost entirely on that seen by equities That said, one analyst is now pointing towards two key events currently taking […] дальше »

2020-10-20 21:00


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This Indicator With an 80% Strike Rate Just Flashed a Bullish Sign for Bitcoin

Bitcoin and the aggregated crypto market have been struggling to gain any significant momentum BTC has pushed off of its recent lows, however, it remains in a somewhat precarious position as its price continues trading sideways Where it trends next will likely depend largely on the stock market, which has had intense influence over its price action Still, its independent strength remains, as most on-chain indicators are flashing bullish signs One analyst is now noting […] дальше »

2020-10-18 19:00


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Analyst: Bitcoin Would Rocket to $20k if It Were to Breakout Today

Bitcoin’s price has been struggling to gain any serious momentum over the past few days This has come about due to the stock market’s sideways trading, which is still holding heavy influence over that of BTC The cryptocurrency is facing some heightened selling pressure due to bearish developments within the market, but bulls have been absorbing the heavy influx of sell orders Where the entire market trends next may depend largely on Bitcoin One analyst […] дальше »

2020-10-18 01:00


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Bitcoin May Plunge in Q4 Due to a Tax-Induced Selling Frenzy

Bitcoin’s price action as of late has done little to offer investors with any tangible insights into where it may trend next Analysts have been largely noting that the cryptocurrency’s outlook is being dimmed by turbulence within the stock market, which may persist until after the elections Many traders do believe that the rest of Q4 will be a bullish month for BTC, as this may be when it can decouple from the stock market […] дальше »

2020-10-18 19:00


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Here’s Why One Analyst Expects Bitcoin to Surge Towards $12,000

Bitcoin and the entire crypto market aren’t providing investors with much clarity into their near-term outlooks BTC is in the process of battling the headwinds created by the ongoing turbulence within the stock market This turbulence has come about as a result of a lack of progress surrounding the second stimulus package If the White House and Congress fail to come to terms with an agreement, then the stock market may continue seeing immense selling […] дальше »

2020-10-16 02:00


Bitcoin Sell-Off Accelerates amid US Stock Downtrend; Crash Ahead?

Bitcoin (BTC) dropped lower on Thursday, with dimming stimulus hopes and a resurgence in the coronavirus cases in the US and Europe casting doubts over the global economic recovery. The BTC/USD exchange rate established an intraday low at $11,263 as of around 0900 UTC, suggesting that it could correct further lower in the US trading […] дальше »

2020-10-16 16:02


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Мнение: биткоин упадет ниже $9000 в случае обвала фондового рынка

Корреляция BTC с американскими акциями грозит первой криптовалюте падением ниже $9000. Такое мнение высказал основатель инвестиционной фирмы Standpoint Research Ронни Моас. $BTC #BTC #bitcoin has been tracking the #USA #stockmarket very closely during the recent stock market collapse >>> I feel the stock market remains over-valued by 10%-20% >>> If this correlation continues . дальше »

2020-9-25 19:02


Here’s How Stock Market Turbulence Could Crush Bitcoin Short-Term

Bitcoin has been trading in close tandem with equities throughout the past several days Heightened correlation to risk-on assets is a common BTC trait during times of immense global turbulence Although this strikes a blow to its safe-haven narrative, the cryptocurrency still has a long way to go before it fully decouples with the traditional markets This global economic turbulence that is weighing on Bitcoin may only get worse as the year drags on and […] дальше »

2020-9-23 02:00


Bitcoin Shorts May Soon Get “Trapped” as Bulls Slow BTC’s Descent

Bitcoin’s price has found some stability following the recent market-wide selloff that helped send it down from highs of $11,200 to lows of $10,400 Bulls are ardently guarding against it seeing further near-term downside at the present moment There is a possibility that sellers will be able to continue pushing the market lower in the near-term, as turbulence within the stock market is providing an ideal background for bears to operate against One analyst is […] дальше »

2020-9-23 21:00


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Bitcoin to Hit Critical Support Level as Analysts Eye Drop to CME Gap

Bitcoin’s price is currently plunging, with the growing sell-side pressure coming from a combination of technical uncertainty, weakness in the stock market, and strength in the US Dollar BTC’s recent inability to break above $11,000 may also be one factor behind this recent turbulence, as it elucidated underlying weakness amongst bulls One trader, in particular, is now noting that he is expecting the crypto to see some serious near-term downside He is setting his sights […] дальше »

2020-9-23 02:00


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Bitcoin (BTC) stock price corrects after a failed breakout

Bitcoin (BTC) price has been dragged lower to test weekly support near $11,000 after the buyers failed to close above the $12,000 handle last week.   Fundamental analysis: A beginning of another bull market? The largest Bitcoin exchanges and crypto wallet apps such as Coinbase, Blockchain Wallet, Binance, BRD and others registered record-high combined downloads last month, largely thanks to the fact that many institutional investors turned to BTC in the midst of unparalleled coronavirus stimulus spending. дальше »

2020-8-28 13:42


Here are the Simple Factors That Could Pull Bitcoin Towards Its 2020 Highs

Bitcoin is showing tempered signs of strength at the present moment as its price pushes up towards $11,800 The cryptocurrency has been seeing slight weakness in recent days, making this latest upswing a welcome development for bulls BTC has yet to break its prolonged consolidation phase between the lower-$11,000 region and $12,000 Some factors suggest a break of this range is imminent in the near-term One analyst is pointing to stock market strength and weakness […] дальше »

2020-8-25 02:00