Day: October 21, 2021

Bitcoin holds Above $66K, But Elevated Funding Rates Call for Caution

Bitcoin remains on the offensive, thanks to ProShares Bitcoin Strategy ETF’s strong debut on the New York Stock Exchange earlier this week. The cryptocurrency bounced to $66,400, having found bids near $64,000 during the Asian hours. Analysts foresee a rally toward $86,000 in the coming weeks. However, it may not be a smooth ride, as the derivatives market is beginning to show signs of overheating – often a recipe for price pullbacks. Bitcoin’s average funding rate or the cost of holding long positions in the perpetual futures listed on major…

Sources Say Valkyrie Bitcoin Strategy ETF Set to Launch on Nasdaq This Week – Finance Bitcoin News

After the Proshares Bitcoin Strategy exchange-traded fund (ETF) listed and smashed records in the first two days of trading, Vaneck’s bitcoin futures ETF was given the green light to start trading next week. Furthermore, sources say that the Valkyrie Bitcoin Strategy ETF is set to launch this week with a possible listing on Friday. Proshares Bitcoin ETF Smashes Records October is the month of bitcoin exchange-traded funds as the United States approved the first ETF last week. Proshares Bitcoin Strategy ETF (NYSE: BITO) listed on Tuesday and saw close to…

JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump

Bitcoin (BTC) broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (BITO) on Tuesday, but JPMorgan Chase strategists believe the key driver behind the price jump is investor concern over inflation. The BITO launch, which saw the highest ever first-day natural volume for an ETF, is “unlikely to trigger a new phase of significantly more fresh capital entering Bitcoin,” JPMorgan strategists said in a note. Instead, JPMorgan believes that as gold failed to respond to concerns over rising cost pressures in the last couple…

Cryptocurrency News Now – HUGE Crypto News Today – Crypto News Now – Crypto News Alerts – 5/25

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Exclusive Pre-Sales, Low Market Cap Picks, Market Updates! Follow me on Twitter! Join our Discord Community! *Affiliate Links* – Support the Channel! *BlockFi* Get up to $250 In BITCOIN and Earn Passive Income! *Crypto.com* Use my referral link to sign up for Crypto.com and we both get $25 USD 🙂 *Coinbase* Get Started Profiting from Crypto Today! Get a Free $10 of Bitcoin when you sign up using this link! – *Robinhood* Get Started Trading Stocks and we both receive a free…

Bitcoin gains $2K in hours after BTC price bounces near previous all-time high

Bitcoin (BTC) passed $66,000 again on Oct. 21 after a fresh macro turbulence sparked a retest of previous all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Evergrande fails to hold Bitcoin bulls back Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from a dip to $64,000 overnight. The move had come in step with a comedown in stocks, which were reacting to renewed concerns over Chinese property giant Evergrande. Nonetheless, Bitcoin managed to preserve higher levels, resulting only a brief trip below the $64,900 threshold which had…

Crypto Custodian Copper Eyes $2.5B Valuation in $500M Funding Round Talks: Report

Copper, a provider of crypto services for institutions, is in talks over a $500 million funding round that would give the firm a $2.5 billion valuation. The round would likely come together before the end of the year, Business Insider reported Thursday citing people familiar with the matter. The news emerges just five months after London-based Copper raised $50 million in a Series B funding round led by Dawn Capital and Target Global. Copper declined to comment when contacted by CoinDesk. The centerpiece of Copper’s infrastructure is its ClearLoop tool,…

He Turned a Warehouse into a Bitcoin Mining Farm

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Rolf leased a local warehouse and turned it into a Bitcoin mining farm and also built a Litecoin mining farm, Dogecoin mining farm, and mined other cryptocurrencies! The Bobcat Miner 300 is the BEST mining rig to buy now! Get $25 for FREE with code VOSKCOIN – Compass sells ASIC miners – Review the BEST Helium hotspot miners – Subscribe to VoskCoin Rolf Versluis former military and cofounder of a cryptocurrency built his own medium-sized crypto mining farm himself, but it wasn’t…

PayPal co-founder Peter Thiel says he ‘underinvested’ in Bitcoin

As Bitcoin (BTC) marked a new all-time high above $67,000, PayPal co-founder and billionaire venture capitalist Peter Thiel said he should have bought more Bitcoin. Thiel spoke of cryptocurrencies, central banks and artificial intelligence (AI) during an interview in Miami hosted by policy think tank Lincoln Network, Bloomberg reported Oct. 20. “You’re supposed to just buy Bitcoin,” Thiel said, adding: “I feel like I’ve been underinvested in it.” The tech investor noted that his only concern about buying Bitcoin was that the investment “secret was already known by everybody.” “I…

Competition and Hype Drive Young Crypto Investors, UK Watchdog Finds – Bitcoin News

A sizable majority of young investors seeking high-risk opportunities are motivated by competition and hype, a new survey has indicated. They often turn to cryptocurrency and forex products, according to the poll conducted by the U.K.’s financial regulator. FCA Launches ‘Investsmart’ Campaign Targeting Risk Prone Investors The U.K.’s Financial Conduct Authority (FCA) has carried out new research into the attitudes of young investors towards high-risk products. The watchdog has surveyed 1,000 respondents, aged between 18 and 40, as it launches a 5-year campaign to reach out to inexperienced investors that…

Caterpillar 992G Wheel Loader Loading Coal On Trucks – Sotiriadis-Labrianidis Mining Works

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Amazing Excavators at work, Trucks and Dumpers, Wheel Loaders, Bulldozers in action, Construction Machines, Mining Machines, Heavy Transports, Heavy Lifts, Hydraulic Hammers, Crushers and Attachments. Brands: Caterpillar, Komatsu, Liebherr, Volvo, Hitachi, Terex. @Mega Machines Channel is ready to travel all over the world, make videos and promote your company and your equipment to Social Media. Appropriate content for children and kids (family-safe). == SUBSCRIBE! == == LET’S CONNECT! == FaceBook: Instagram: TikTok: #MegaMachinesChannel #WheelLoader #Caterpillar992G #CoalMine #Mining ▶ Coinbase Website: Coinbase.com ▶…