Day: February 3, 2021

Market Wrap: Bitcoin Cracks $37.2K as Ether Breaks Through to Record-High $1.6K

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Bitcoin is back on a bull run but ether has hit a new all-time high and traders see it has room to grow. Bitcoin (BTC) trading around $37,092 as of 21:00 UTC (4 p.m. ET). Gaining 3.4% over the previous 24 hours. Bitcoin’s 24-hour range: $35,416-$37,245 (CoinDesk 20) BTC above the 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Jan. 31.Source: TradingView The price of bitcoin was in its second day of a bull run, with the world’s…

UK investment manager sells off half BTC holdings after $750M win

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United Kingdom-based Ruffer Investment Management has made more than $750 million from its Bitcoin investment in less than two months, but it has decreased the size of its holdings. According to a report from British news outlet The Telegraph, Ruffer saw “immediate fireworks” after investing roughly 2.5% of its assets into Bitcoin (BTC) in November 2020, resulting in millions of dollars in gains as the price of the crypto asset rose past $20,000 and on to a new all-time high of more than $42,000 in January. Rather than HODLing it…

Altcoins and DeFi tokens rally as Ethereum price hits $1,650

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Sentiment throughout the cryptocurrency sector continues to improve as Ether (ETH) price ventured into uncharted territory and notched a new all-time high of $1,653 on Feb. 3.  Meanwhile, Bitcoin (BTC) bulls appear to have their eyes set on the $40,000 mark and according to Cointelegraph analyst Marcel Pechman, this Friday’s $1 billion BTC options expiry favors bulls. Data from Cointelegraph Markets and TradingView show a price increase of 4.46% for the top cryptocurrency, which currently trades at $36,994, while Ether is up 8.38% and trades at $1,633. BTC/USDT 4-hour chart.…

Recent Bitcoin Consolidation Suggests Move Past $40k is Imminent

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Bitcoin has pushed higher over the past day, which comes at a time where most major altcoins are all seeing immense upwards momentum Where the market trends next will undoubtedly depend on whether or not BTC and ETH can remain stable or continue climbing higher While sharing his thoughts on where the crypto might trend in the near-term, one analyst explained that Bitcoin’s recent consolidation phase has been incredibly bullish He now expects the entire market to surge higher, with bulls likely being able to push Bitcoin past $40,000 thanks…

Corporate Intelligence Services Adds Support for Bitcoin (BTC)  

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Corporate Intelligence Service (CIS) has announced that it has now integrated bitcoin (BTC) into its operations, in a bid to offer its clients better services, according to a press release on February 2, 2021. CIS Now Accepting Bitcoin  In another exciting development for the crypto industry, Corporate Intelligence Services (CIS), U.S.-based commercial collections and asset & liability investigation company have announced that it’s now accepting bitcoin payments for its business-to-business (B2B) debt services. As stated in its press release, the CIS team has created a corporate bitcoin wallet to enable…

Mark Cuban issues burn notice on offensive ENS domain

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Someone sent Mark Cuban a profane Ethereum Name Service domain a few days ago. After observant Twitter users recently tracked down his ether address, it was only a matter of time before a wave of unwanted spam transactions made their way into his account. This is, after all, the internet. Here there be monsters. While it isn’t entirely clear what the presumed troll’s endgame was, the word was nonetheless offensive enough to raise some eyebrows at Cointelegraph, and we don’t intend to reprint it here. Suffice to say, a decent person…

Chrissy Teigen Has Officially Become a Tone-Deaf Jedi – CCN.com

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Chrissy Teigen just tweeted that she accidentally purchased a $13,000 bottle of wine. Twitter is beside itself at the humblebrag. This isn’t the first time Teigen has been tone-deaf on Twitter, and it won’t be the last. Chrissy Teigen is just like the rest of us. At least that’s what she wants you to believe. But not too many of us have accidentally purchased a $13,000 bottle of wine, as she tweeted out on Wednesday. Somehow, that wasn’t even the most annoying part of her tweet. Chrissy Teigen Has Gon’…

DASH Crypto Currency | Venezuela and the Cryptocurrency Revolution | Cryptonews | Documentary

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Free Documentary about Crypto Currency “DASH”: Venezuela and the Cryptocurrency Revolution – How the Banks and Governments will be Reborn. Venezuela and the Cryptocurrency Revolution (2018): This Documentary was put together after my experience in Venezuela and footage from the Dash Venezuela Community. The Cryptocurrency revolution already started. FOLLOW US! ✘ Facebook – ✘ Instagram – ✘ Twitter – SUPPORT US! ✘ Membership – #crypto #cryptonews #dash COPYRIGHT: All of the films published by us are legally licensed. We have acquired the…

CME chief economist hints Bitcoin is gaining ground on gold as a hedge

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CME Group’s chief economist and managing director, Bluford Putnam, recently acknowledged that Bitcoin is competing with gold as a hedge against inflation. “Gold appears to have an emerging competitor in Bitcoin,” told Bloomberg for a video released on YouTube on Tuesday. “Given the current price range for gold, it is likely that increased production will be a feature of 2021,” he said. Gold’s supply is less clearly defined than Bitcoin’s. Built into the asset’s code, BTC touts a set maximum limit of 21 million coins, dispersed into circulation on a…