BTC Archives - Page 68 of 73 - cryptosignals.org

July 28, 2021

Bitcoin Now a Recognized Asset Class: JP Morgan Chase & Co

While it remains dubious about giving its clients Bitcoin (BTC) exposure, JP Morgan Chase & Co. has ascertained that the demand for the benchmark cryptocurrency has grown exponentially. Mary Callahan Erdoes, Director of Asset and Wealth Management at JPM, told Bloomberg that most of the behemot...

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July 20, 2021

Bitcoin Plummets Below $30,000, Drags Entire Market Along

As bears continue to dominate the crypto scene, Bitcoin (BTC) has breached the $30,000 support in an overnight crash. As expected, the rest of the cryptocurrency industry took a plunge as well, with double-digit losses across the crypto space resulting in about a $100 billion crypto market valuatio...

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July 18, 2021

Bitcoin Records Longest-Running Consecutive Negative Difficulty Adjustment in History

The Bitcoin (BTC) network has just recorded its fourth consecutive negative mining difficulty adjustment. Reports show that the BTC mining difficulty fell by 4.8% to 13.7 trillion, its lowest point since June 2020. The maker(s) of the benchmark cryptocurrency (Satoshi Nakamoto) coded the difficulty...

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July 16, 2021

Bitcoin Bearish Amid Rumors of a $2.5 Billion Apple Purchase

There has been a frenzy across social media spaces over a spreading rumor of an Apple Bitcoin (BTC) purchase. This rumor carries that the tech giant would announce that it got back into the Bitcoin market with a recent $2.5 billion BTC purchase. One of the biggest proponents of this narrative is th...

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July 13, 2021

Bitcoin Legalization in El Salvador an Ill Move: JP Morgan

Following the legitimization of Bitcoin (BTC) as a legal tender in El Salvador, JP Morgan & Chase Co.’s Latin American research team published a report termed “The Bitcoinization of El Salvador,” which highlighted some of the pitfalls of the undertaking. The lead analyst on the JPM team who aut...

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July 11, 2021

Bitcoin Volatility Quiets Ahead of GBTC Unlocking on July 18

Bitcoin (BTC) had a calm weekend as the cryptocurrency swayed in a tight range between $33k and $34k. As expected, most of the altcoin market maintained a sideways bias because of the low volatility in BTC over the weekend. The benchmark cryptocurrency tested the $35k resistance last week but faile...

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July 08, 2021

Bitcoin Whales Now Own 49% of Total BTC in Circulation

Reports show that Bitcoin (BTC) whales have expanded their BTC holdings over the past few weeks, despite the unrelenting market volatility. According to a recent report by Santiment, an on-chain crypto analytics company, large BTC addresses (holding between 100 and 10,000 coins) now control about 9...

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July 06, 2021

Bitcoin to Enter Bear Market Following Prolonged Consolidation: Twitter Analyst

Famous Twitter crypto analyst Mr. Whale believes that current Bitcoin (BTC) market conditions indicate an imminent bear move. The analyst tweeted yesterday that the benchmark cryptocurrency’s inability to print a new high in more than 80 days is “confirmation that the bull market is over.” He tweet...

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July 01, 2021

Bitcoin Set for Another Boost as the Puell Multiple Metric Turns Bullish

As Bitcoin (BTC) struggles to regain bullish momentum to recover from its recent crash, bulls have received an additional boost from a highly-revered metric to propel the cryptocurrency higher. The Puell Multiple Metric has indicated a buy signal for the fifth time. Analysts claim that all four of ...

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