Category: Trade

Treasury Secretary nominee Janet Yellen, who previously headed up the U.S. Federal Reserve, said in written testimony on Thursday that cryptocurrencies and digital assets have the potential to “improve the efficiency of the financial system.” As she noted in her written remarks: “Bitcoin and other digital and cryptocurrencies are providing financial transactions around the globe. Like many technological developments, this offers potential...

Bitcoin continues to fall and reached USD 30K, almost -20% in the week. However, a new wave of investors appears to be approaching with BlackRock being allowed to invest in BTC. BlackRock is a trillion-dollar asset management giant, and it is looking to allocate some of its funds into bitcoin. BlackRock added that “the only bitcoin futures that funds can...

Traders typically use the Bitcoin’s consolidation phase as a cue to long the altcoin market, leading to beginning of the so-called “altseason.” The top cryptocurrency went on a corrective course after setting a record high of $41,986 on January 8. After a 30 percent decline, it started consolidating sideways, with each extension leading to dimming volumes and low volatility.  The...

Ethereum (ETH) reached levels it last tested in January 2018 as a less volatile Bitcoin kept creating upside opportunities in the $105 billion altcoin market. The second-largest cryptocurrency (by market cap) surged by roughly 10 percent on Monday to hit an intraday peak level of $1,437. Its rally appeared in absence of any concrete catalysts, prompting observers to call the...

After the recent falls in EUR/USD there are plenty of reasons to still be bearish, including weak German economic growth, another political crisis in Italy and a slow vaccine rollout in the EU. Moreover, little is expected from the coming week’s ECB meeting, with all the central bank’s key settings likely to remain unchanged. However, it is also possible that all the...

New analytical resource GBTC Bitcoin Tracker is focused on the most overhyped Bitcoin-based ETF-like product, Grayscale Bitcoin Trust (GBTC). It seems that Grayscale is back to buying after the holidays with increased aggression. 2,612 Bitcoins (BTC) added by Grayscale in 24 days. How many BTC were mined? According to a recent tweet posted by GBTC Bitcoin Tracker, Grayscale Bitcoin Trust added...

Searches for Ethereum have reached all time high for the first time in more than three years as interest in the world computer increases. The last peak in December 2017 is now at 80 out of the new 100 established this week. Meaning interest in ETH is now 20% higher than during its all time high when it was trading...

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Dollar going up, Bitcoin going down and Trump’s second impeachment House Democrats began the process of impeaching President Donald Trump for a second time, setting up a vote this week unless Vice President Mike Pence and the cabinet seek to remove him from office. Democrats aim to both eject Trump from the White House and prevent him from ever holding office again (though it’s...

U.S. cryptocurrency users hoping to transfer their holdings from an exchange to their own personal wallets may need to comply with new know-your-customer (KYC) requirements under a rule proposed by the Treasury Department Friday. Under the advanced notice of proposed rulemaking, users who want to send cryptocurrencies from centralized exchanges to a private wallet would need to provide personal information about...