Day: March 21, 2020

Can’t Lock Down Bitcoin: Trump Ponders Halting Stock Trading, Grounding US Passenger Flights

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In the wake of the coronavirus outbreak and a looming recession, U.S. President Donald Trump and his administration are contemplating halting stock markets next week. The White House is currently considering grounding all passenger planes and ordering a nationwide shelter. However, bureaucrats from the White House believe that the grounding of U.S. passenger planes and the execution of a federal lockdown order will wreak havoc on Wall Street. In order to curb panic, bipartisan U.S. representatives are considering plans to temporarily stop stock trading. Also read: US Real Estate in…

1.2 Million Italians Can Now Buy Bitcoin From Their Bank

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Buying bitcoin just got easier for Italians. The country’s mobile bank Hype has announced a partnership with fintech startup Conio, enabling customers to buy, sell, and securely store BTC from within their banking app. With over a million Italians choosing to bank with Hype, and 60,000 new customers being onboarded each week, the challenger bank’s decision to offer bitcoin is significant. Also read: Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors Believe the Hype Launched in 2015 by Italian bank Banca Sella, Hype reflects the growing trend towards digital-first…

Bitcoin Printed This Exact Pattern Prior to 2019’s Explosion to $14,000. It’s Back

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On April 1st, 2019, after a brutal Bitcoin bear market that brought the cryptocurrency down by 80% and more, something changed: BTC saw “fireworks” as the price exploded 25% in a single day, marking one of the largest moves for the asset in its short but storied history. At first, many laughed it off as pure manipulation, suggesting it was a false rally that would end in Bitcoin falling back to the bear market lows. But, in a now-famous tweet, cryptocurrency trader B.Biddles (handle @Thalamu_ on Twitter) remarked that the…

This One Trend Could Be a Precursor to An Even Bigger Bitcoin Rally

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Despite the retracement since Friday’s $6,900 top, Bitcoin remains decisively higher than it was three days ago, when it was wallowing in the low-$5,000s as investors feared a deeper crash.  According to a prominent cryptocurrency trader, a trend has appeared on BitMEX’s futures market that suggests bulls remain in control. BitMEX’s Funding Rate Signals Good Things For Bitcoin In a note published to his Telegram channel, Joe McCann, a Wall Street trader-turned-AI and Cloud specialist at Microsoft (and crypto analyst), remarked that BitMEX’s funding rate (the rate longs pay to…

Analyst Who Predicted Bitcoin’s January Rally Thinks 700% Surge Is Possible: Here’s Why

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Bitcoin has been fairly unpredictable over the past few months. In December, when the cryptocurrency fell under $7,000, a majority of analysts were expecting a retracement to the $5,000s, citing the existence of the ever-important 200-week moving average. And at the top near $10,000 established in mid-February, half of Crypto Twitter was convinced BTC was set to retake $14,000, then surge to fresh highs. True to the nature of the age-old Warren Buffet quote, “be fearful when others are greedy and greedy when others are fearful,” BTC did the exact…

Is The Crypto Market Bottom In? This News Headline Suggests It’s Near

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No one was spared in last week’s crypto crash, during which Bitcoin fell 50% within a 24-hour time period. According to an exclusive report published by industry outlet The Block on Friday, Adaptive Capital, a crypto fund headed by Murad Mahmudov and included partners such as Willy Woo and David Puell, is shutting down after last week’s intense volatility. The outlet reviewed a note from the firm in which Adaptive revealed it would be “clos[ing] operations and return[ing] the remaining funds to investors,” revealing that the “infrastructural insufficiencies” on some…