Economist Steve Moore says that crypto assets such as Bitcoin are a threat to the dollar and have advantages over central bank digital currencies (CBDCs). In a recent interview with Kitco News, Moore says that although he doesn’t think the US dollar will lose its reserve currency status in his lifetime, he believes that crypto …
Monthly archives: July 2021
Is a New Bitcoin Bull Cycle on the Horizon? Kraken’s Dan Held Looks at BTC’s Trajectory
Dan Held, the director of growth marketing at crypto exchange Kraken, is predicting what’s next for Bitcoin in 2021. In a new issue of The Held Report, the Kraken executive credits the 2013 bull cycle with catapulting Bitcoin (BTC) into “mainstream visibility.” “It [Bitcoin] started the year [2013] at $13, had a spike to $260, …
Pro traders look for this classic pattern to spot Bitcoin price reversals
Every trader aims to buy low and sell high, but only a few are able to muster the courage to go against the herd and purchase when the downtrend reverses direction. When prices are falling, the sentiment is negative and fear is at extreme levels, but it’s at times like these that the inverse head …
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Amazon rumored to be accepting Bitcoin, MicoStrategy pledges to buy more BTC despite losses, Bitcoin struggles at $40K: Hodler’s Digest, July 25-31
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 Amazon plans to accept Bitcoin payments this year, claims insider …
Bitcoin Price Moves Above $40k after Amazon Speculation, QNT, LINK, ZIL, Jul. 31
Reports that Amazon will accept Bitcoin for payments by year-end spurred a rebound in the coin. Mastercard also wants to enter the crypto space. BTC The Bitcoin price saw a strong rally on the week and moved above the $42k level after reports that Amazon would soon accept the coin as payment. BTC Price Index …
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MicroStrategy CFO Says the Michael Saylor-Led Firm May Buy More Bitcoin on This Condition
MicroStrategy’s chief financial officer (CFO) Phong Le says the enterprise analytics software firm, which currently holds over 100,000 Bitcoin, is open to buying more of the flagship crypto asset. In a Q2 earnings call, Le says MicroStrategy could buy more Bitcoin when financial conditions allow for it. ADVERTISEMENT “Going forward, you should expect that …
German law allowing institutional funds to hold crypto comes into effect Aug. 2
Beginning on August 2, 2021, German institutional funds will be able to hold up to 20% of their assets in cryptocurrencies, possibly setting the stage for wider mainstream acceptance of Bitcoin (BTC) and other crypto assets by the nation’s pension funds. As Bloomberg reports, the new law alters fixed investment rules governing Spezialfonds, also known …
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Bitcoin ‘supercycle’ sets up Q4 BTC price top as illiquid supply hits all-time high
Bitcoin (BTC) is gearing up for a comeback which should lead it to repeat classic bull run years 2013 and 2017, analysts are arguing. As $42,400 local highs appeared on July 31, narratives around the market are flipping back to a bullish Bitcoin “supercycle.” Bulls come out for 2021 close Bitcoin has been busy repairing …
Fed Governor Lael Brainard Can’t Imagine Future Without Digital Dollar
Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic applications. US Fed’s Lael Brainard Can’t Wrap Head …
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Bitcoin Price Regains Strength Above $41K, Crypto Market Cap Jumps 6% in 24 Hours
Crypto assets have climbed in value during the last 24 hours as the price of bitcoin tapped a high on Friday, reaching $42,411 per unit at 8:00 p.m. (EDT). The entire market capitalization of all 10,000+ crypto assets is $1.64 trillion on Saturday, up over 6% during the last day. Bitcoin Climbs Over 20% This …
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XRP Volume Soars Nearly 100% in Q2 2021 Amid Crypto Volatility: Ripple Report
Digital payments firm Ripple Labs is reporting that XRP’s trading volume soared in the second financial quarter of 2021 as the crypto market met some turbulence. In a new blog post, Ripple says that blockchain insights platform CryptoCompare TopTier (CCTT) found that the daily trading volume for XRP wildly increased between Q1 and Q2 of …
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If you have a Bitcoin miner, turn it on
In the last few weeks, the Bitcoin (BTC) mining market has experienced a black swan event, leading to a lot of uncertainty and confusion surrounding the future of the market. This is why I felt it was right to give the public a quick update and explain why it’s a fantastic time for Bitcoin mining …
New Catalysts Could Boost Five Crypto Assets in August, According to Trader Lark Davis
Crypto trader and influencer Lark Davis is naming his top five digital assets to watch for big gains in August. In a new video, Davis starts his list with Ethereum (ETH), noting the second-biggest crypto by market cap is scheduled to receive its London Hard Fork update on August 4th. ADVERTISEMENT The London Hard …
Bitcoin for cash: Do crypto ATMs make buying BTC easier for the mainstream?
Cash may be king when it comes to purchasing Bitcoin (BTC), as recent data states that there has been a spike in crypto ATM installations during 2021, showing a 71.3% increase from Jan. 1, 2021, until the time of reporting. Specifically speaking, there are currently over 24,000 crypto ATMs located across the globe. Data further suggests …
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Bitcoin records rare 10-day winning streak as BTC price taps $42K ceiling
Bitcoin (BTC) shot to new highs of $42,400 on July 31 in a surprise attack on range resistance which sellers failed to squash. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin seals 10 green candles in first since 2012 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining for a tenth straight day across exchanges, …
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