Despite May’s price correction, which took Bitcoin (BTC) as low as $23,800, institutional investors seem unwilling to lose confidence in the cryptocurrency. The Purpose Bitcoin ETF, launched in February 2021, has been seeing a consistent […]
Amidst the market-wide chaos, it is the mid-sized Bitcoin holders that have held on to the old investment adage of “buy the dip.” Data suggested that entities holding less than 100 BTC in their wallets […]
Bitcoin’s (BTC) RSI has turned bullish in the daily and weekly time frames, but the price action has yet to catch up with this trend reversal. Bitcoin created another small bearish candlestick during the week […]
El Salvador President Nayib Bukele has clarified that the nation’s Bitcoin law only mandated Bitcoin acceptance among large corporations, rather than small merchants. When the law took effect, its contentious Article 7 hadn’t actually been […]
Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Stocks correlation offers no comfort to BTC bulls […]
Japanese used car exporting company, SBI Motor Japan, has announced that its e-commerce site has begun accepting crypto payments. According to the company statement, SBI Motor Japan will only support Bitcoin and XRP at the moment. […]
The mayor of Miami and an outspoken bitcoin bull – Francis Suarez – revealed he still takes his salary in the primary digital asset. However, he explained this is not his only paycheck as others […]
The collapse of the Terra ecosystem, which subsequently depegged its algorithmic stablecoin TerraUSD (UST) value and crashed it to an all-time low of $0.30, has cast doubt over the future of not just algorithmic stablecoins […]
Billionaire investor and hedge fund manager, Ray Dalio, has reiterated his previous call that “cash is trash”. Dismissing equities as “trashier”, the Bridgewater Associates founder said he preferred “a digital gold like bitcoin” instead. “Of […]
The World Bank is concerned about the transparency and financial impact of the Central African Republic (CAR)’s adoption of Bitcoin as legal tender. It claims that it will be “physically impossible” to fund the nation’s […]
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