Tag: Bitcoins

Bitcoin’s banking crisis surge will ‘attract more institutions’: ARK’s Cathie Wood

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The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis, which will only “attract more institutions” to the BTC market over time, ARK Invest CEO Cathie Wood believes. Wood shared her thoughts on BTC’s recent price surge in a March 21 Bloomberg interview, stating its price behavior through the crisis “is going to attract more institutions.” “The fact that Bitcoin moved in a very different way from the equity markets, in particular, was quite instructive,” she added. ARK Investment Management CEO Cathie Wood says the…

Crypto Fear and Greed Index hits highest level since Bitcoin’s all-time high

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The Crypto Fear and Greed Index has hit its highest index score this year, reaching levels not seen since Bitcoin (BTC) posted its all-time high in November 2021. A March 20 update of the Index showed a score of 66, placing it firmly within the “Greed” territory. The Index’s score of 66 as shown on March 20. Source: alternative.me The Crypto Fear and Greed Index aims to numerically present the current “emotions and sentiments” towards Bitcoin and the cryptocurrency market, with the highest score being 100. The last time the…

Investors shelter in short-term Treasuries, reducing Bitcoin’s chance of rallying to $30K

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The price of Bitcoin (BTC) surpassed $28,000 on March 21, but according to two derivatives metrics, traders aren’t very ecstatic after a 36% gain in eight days. Looking beyond Bitcoin’s stellar performance, there are reasons why investors are not fully confident in further price upside The recent rescue of Credit Suisse, a 167-year-old leading Swiss financial institution, is proof that the current global banking crisis might not be over. On March 19, Swiss authorities announced that UBS had agreed to acquire rival Credit Suisse in an “emergency rescue” merger in…

Balaji Srinivasan places a $2m bet on bitcoin’s performance

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On March 18, former a16z partner and Coinbase CTO Balaji Srinivasan announced that he is moving $2 million into USDC for a bitcoin (BTC) bet. He thinks cryptocurrency will hit $1 million within 90 days. Balaji Srinivasan went bullish, predicting BTC will reach $1 million by June 17. James Medlock, a pseudonymous Twitter user, set the gamble on March 27 by betting $1 million that the United States economy would not experience hyperinflation. I’ll bet anyone $1 million dollars that the US does not enter hyperinflation — James Medlock (@jdcmedlock)…

Bitcoin’s Ordinal Inscriptions Surpass 500,000 Mark as Miners Earn $2.66 Million in Added Fees – Blockchain Bitcoin News

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According to statistics, there are now more than 500,000 Ordinal inscriptions on the Bitcoin blockchain as the trend continues to gain significant traction. Onchain data also shows that since inscriptions started gaining popularity last month, Bitcoin miners have obtained 98 bitcoins worth $2.66 million in added fees. The Rise of Ordinal Inscriptions on Bitcoin Blockchain Ordinal inscriptions have surpassed the 500,000 mark, and at the time of writing, there are approximately 522,243 inscriptions on the Bitcoin blockchain. Essentially, the technology behind Ordinal inscriptions allows people to embed all types of…

Former Coinbase CTO makes $2M bet on Bitcoin’s performance

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Former Coinbase chief technology officer Balaji Srinivasan has made a millionaire bet on Bitcoin’s (BTC) price over the next 90 days, predicting the cryptocurrency price will reach $1 million by June 17.  The wager was initiated on March 17, when pseudonymous Twitter user James Medlock offered to bet anyone $1 million that the United States would not experience hyperinflation. A few hours later, the former Coinbase CTO accepted the bet. Sir, I believe we have ourselves a deal https://t.co/9JYaLNo9Eq — James Medlock (@jdcmedlock) March 18, 2023 Under the proposed terms,…

Bitcoin’s 2023 price action driven by the desire to regain losses, according to professional trader

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Episode 7 of Cointelegraph’s Crypto Trading Secrets podcast is now live. This week’s episode features an interview with crypto trader Zoran Kole, who goes by @Captain_Kole1 on Twitter. Kole shared his opinions in response to a number of questions asked by host Benjamin Pirus during the episode’s recording on March 1 — including his views on what he thinks has most impacted the price of Bitcoin (BTC) so far in 2023 (as of the show’s recording), and whether or not that may remain the case for the remainder of the…

Bitcoin’s BTC Price Store of Value Narrative Is on Full Display; Crypto Prices Stay Green

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“We are closely watching whether this moment creates an opening for other currencies, notably the Euro, to emerge as a linchpin of the digital asset ecosystem,” David Bachelier, Asia-Pacific CEO of Flowdesk said in a note to CoinDesk. “Such an outcome would be positive, as it would bolster the role of the Euro in crypto in terms of trading volumes, too. This would put crypto-fiat trading volumes more in line with proportions of the euro’s trading volumes versus the dollar’s.” Original