Tag: sees

Bitcoin toys with $60K as crucial price support level sees multiple retests

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[ad_1] Bitcoin (BTC) bounced at the pivotal $58,400 during Nov. 17 as the day continued choppy price action.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: This isn’t the “real” bear market Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly reversing after its fourth wick below $59,000 in 24 hours. The $58,400 level had been pronounced as a key line in the sand for bulls Tuesday, which was necessary to hold in order to avoid deeper losses. True to form, Bitcoin quickly returned above $60,000 after the retest to…

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JPMorgan Sees ‘Bullish Outlook’ for Bitcoin as Inflation Concerns Push BTC Price Higher – Economics Bitcoin News

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[ad_1] Global investment bank JPMorgan says inflation concerns are pushing the price of bitcoin to record highs, rather than interest in recently launched bitcoin futures exchange-traded funds (ETFs). Noting that investors are pulling out of gold ETFs into bitcoin funds, the firm noted, “The flow shift remains intact supporting a bullish outlook for bitcoin into year-end.” JPMorgan Sees Inflation Driving up the Price of Bitcoin JPMorgan Chase’s analysts, led by Nikolaos Panigirtzoglou, published a research note last week explaining that inflation has been driving up the price of bitcoin to…

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Proshares’ Bitcoin ETF sees $1B in first day volume, BTC price hits new high, and Coinbase partners with NBA and WNBA: Hodler’s Digest, Oct. 17-23

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[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin officially hits new all-time high above $65K Bitcoin (BTC) surged to new all-time highs this week, breaking the former ceiling of $64,900 from April as the asset went into price discovery mode before topping out around $67,000. The bullish momentum coincided with the…

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Rich Dad Poor Dad’s Robert Kiyosaki Sees ‘Very Bright’ Future for Bitcoin, Plans to Buy More BTC After Next Pullback – Markets and Prices Bitcoin News

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[ad_1] Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, now says bitcoin’s future is “very bright,” after predicting a “giant stock market crash” that could also tank the crypto market. He further revealed that he is waiting for the next pullback before investing more in bitcoin. Bitcoin’s Future Is ‘Very Bright,’ Says Kiyosaki Famous author and investor Robert Kiyosaki said last week that bitcoin’s future is “very bright.” Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New…

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US Senator Warren Sees Benefits of Cryptocurrency but Warns ‘a Run on Crypto’ May Need Federal Bailout – Regulation Bitcoin News

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[ad_1] U.S. Senator Elizabeth Warren, a longtime bitcoin skeptic, has shared her view of the benefits of cryptocurrencies. While noting that “The biggest upside to cryptocurrency could be expansion or democratization of access to the financial system,” she warned that the crypto industry may need federal bailout if something goes wrong, such as “a run on crypto.” Senator Elizabeth Warren Discusses the Biggest Upside and Downside to Cryptocurrencies Senator Elizabeth Warren was asked about what she thought the U.S. cryptocurrency regulation should look like in an interview with Bloomberg last…

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BTC price sees 6% correction in contrast to booming Bitcoin on-chain data

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[ad_1] Bitcoin (BTC) dipped below $39,000 on Aug. 2 in what traders had long predicted would be a necessary reaction to recent gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin needs to hold mid-$30,000 zone Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $38,915 on Bitstamp Monday. After a successful weekend turned less optimistic, the start of the new week saw mixed activity as Bitcoin bulls faced off with the prospect of fresh FUD from regulators. For Cointelegraph contributor Michaël van de Poppe, a comedown…

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JPMorgan Sees No ‘Tangible Economic Benefits’ of Bitcoin as Legal Tender – Featured Bitcoin News

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[ad_1] JPMorgan has offered its view on the bitcoinization of El Salvador, the country which recently made bitcoin legal tender alongside the U.S. dollar. JPMorgan says, “It is difficult to see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” JPMorgan on the Bitcoinization of El Salvador JPMorgan & Chase’s Latin American research team published a report titled “The Bitcoinization of El Salvador” Thursday. El Salvador recently passed legislation making bitcoin legal tender alongside the U.S. dollar. The JPMorgan analysts who authored the report…

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Bitcoin metric sees ‘hell of a bounce’ in move which historically heralds BTC price bottom

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[ad_1] A classic Bitcoin (BTC) on-chain indicator has seen a “hell of a bounce” even as price action stays uncertain. In a tweet on July 9, Philip Swift, creator of analytics resource Look Into Bitcoin, highlighted a dramatic change of course for the Puell Multiple. Advancing Puell and hash rate “a good sign” A deceptively simple metric, Puell tracks miner behavior with a view to understanding Bitcoin market extremes. It has served extremely well as an indicator of when BTC price tops and bottoms are likely due, and in late…

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Voyager Digital sees 16X increase in quarterly revenue, first operating profit

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[ad_1] Crypto asset trading firm Voyager Digital has announced financial results for the first quarter of 2021, and they are impressive. The retail crypto trading and yield platform reported another record quarter, with momentum continuing into the current quarter. Total revenue for the period came in at $60.4 million, more than a 16x increase from $3.6 million over the previous quarter. The company ended the quarter with an operating profit of $30 million and an adjusted working capital of $197 million. It was the firm’s first-ever quarter of operating profit,…

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