Day: February 6, 2021

Ether is flying to the moon? Here’s what’s fueling the ETH rocket

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Ether hit its all-time high again on Feb. 2, reaching the psychological mark of $1,500. Since then, its price has remained above this level and is currently sitting at around the $1,700 mark. Along with Bitcoin (BTC) and other cryptocurrencies, Ether (ETH) has seen outstanding price action since the start of 2021, having surged by 10.46% in a month.  While Bitcoin has also been seeing positive price action, it is shy of its previous all-time high of $41,941 reached on Jan. 8. Ether volumes have been on the rise. According…

Why Did Bitcoin Fall Below $33K Coinbase Whales Might Have The Answer

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io According to recent data, Bitcoin has fallen 7% in 24 hours. This decline indicates the onset of the asset’s selloff. For the first time in more than a week, Bitcoin has gone under $33k as the bears become dominant in the market. Ever since Bitcoin reached its all-time high, a trend has been observed where whales have been stocking up on Bitcoin at every price retracement. Experts also noticed an increase in deposits across exchanges from whales, indicating a potential desire to…

Bill Miller-Run $2.25B Fund May Buy GBTC to Gain Bitcoin Exposure of Up to 15%

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Miller Value Funds–run by veteran hedge fund manager and bitcoin bull Bill Miller–may invest in the Grayscale Bitcoin Trust through its flagship fund, the Miller Opportunity Trust.  “The Fund may seek investment exposure to bitcoin indirectly by investing in the Grayscale Bitcoin Trust, an entity that holds bitcoin,” the fund wrote in a filing with the U.S. Securities and Exchange Commission. “The Grayscale Bitcoin Trust invests principally in bitcoin. The Fund will not make any additional investments in the Grayscale Bitcoin Trust if, as a result of the investment, its…

Bitcoin Climbs Past $40k, Analyst Expects Another Jump in BTC Value, ETH Taps New Highs – Market Updates Bitcoin News

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The price of bitcoin is nearing the crypto asset’s all-time price high on Saturday, as the digital currency has gained over 6% during the last 24 hours. The last time BTC was this high in value was during the first week of January when bitcoin touched a high of $42k that week. Crypto Prices Begin to Rise, Bitcoin Crosses the Psychological $40k Threshold Bitcoin (BTC) is up 6% today and hovering over the $40k price handle during Saturday morning’s trading sessions. For the last seven days, BTC has gained 17.6%,…

Launching in 3, 2… Here’s why Bitcoin breaking $40,000 is different than last time

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The price of Bitcoin (BTC) broke above $40,000 on Feb. 6 for the first time in 23 days. But this time, the market sentiment is a lot calmer with a less overheated derivatives market. The combination of a less crowded Bitcoin futures market, the selling pressure from whales peaking, and a fast recovery could help BTC stabilize above $40,000 this time. Bitcoin recovers quickly after whales finish selling On Jan. 29, a pseudonymous Bitcoin researcher and analyst known as “Material Scientist” said that “mega whale” order flow reached an all-time…

Top cryptocurrency to mine in 2021 | Top cryptocurrency to invest time in 2021 | Pi network Bitcoin

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Time to shine? Crypto should be given a chance after GameStop drama

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What happened to GameStop’s stock at the end of January will be remembered by investors for years to come, as it was probably the first time in the history of the “free market” that a group of self-described internet “degenerates” outsmarted a bunch of Wall Street pros at their own game. As a recap, on Jan 27, when the Dow Jones Industrial Average fell sharply by over 2% — in large part due to the United States Federal Reserve announcing its move to maintain interest rates around the zero percent…

India’s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market – Regulation Bitcoin News

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The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision “very soon,” the central bank has reportedly confirmed. Meanwhile, payments giant Paypal is shutting down its payment services within India. RBI Near Digital Rupee Announcement As the Indian government prepares to introduce the cryptocurrency bill that seeks to both ban cryptocurrencies and create a regulatory framework for the digital rupee to be issued by the RBI, the central bank has made an announcement of its own. RBI Deputy Governor B. P. Kanungo…

$220K BITCOIN IN 2021 IN PLAY; SHORT TERM TARGET $49K, SAYS MAX KEISER!! JPMORGAN PREDICTS $146K!!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🏆 Stack Sats, Get $10 Free: 🚨 BYBIT – $100 Trading Bonus: As the cryptocurrency market cap shatters the $1 trillion milestone, Bitcoin pioneer Max Keiser, host of the Keiser Report says $220K in 2021 in play and also updated his short term BTC price target to $49K as Bitcoin hits new $39K all-time high. “Not only does Bitcoin’s Black Hole pull capital away from fiat and Gold but its powerful spontaneous ordering also pulls order away from institutions, resulting in chaos.…