A $100 Million CFTC-Registered Fund Makes Long-Term Bet on Ethereum

By CCN: Bloomberg’s Matthew Leising profiled  Darma Capital. It’s a $100 million crypto fund with a bullish view on Ethereum and a visionary approach to the future of the internet. You might say they’re long Ethereum above all. The hedge fund is helping high-net-worth accredited investors to position themselves for a decade long ether bull run. A key figure in Darma’s rise is Andrew Keys. He announced in a press release Thursday that he’s joining Darma Capital as a managing partner. Keys was a co-founder of ConsenSys Capital, a Brooklyn-based…

A $100 Million Crypto Hedge Fund Makes Long-Term Bet on Ethereum

By CCN: Bloomberg’s Matthew Leising profiled  Darma Capital. It’s a $100 million crypto fund with a bullish view on Ethereum and a visionary approach to the future of the internet. You might say they’re long Ethereum above all. The hedge fund is helping high-net-worth accredited investors to position themselves for a decade long ether bull run. A key figure in Darma’s rise is Andrew Keys. He announced in a press release Thursday that he’s joining Darma Capital as a managing partner. Keys was a co-founder of ConsenSys Capital, a Brooklyn-based…

Long-Term Support Level May Struggle to Revive Bitcoin Price Rally

View Bitcoin is again attempting a recovery from the 30-day moving average, currently at $7,710. The key average has consistently reversed price pullbacks in the last four months. This time, BTC is more likely to end up creating a bearish lower high (shallow bounce) or may find acceptance below the average in the next day or two, as both the daily and weekly technical indicators are calling a deeper price pullback. A UTC close below the 30-day MA would open the doors to $7,000. If the ongoing recovery from the…

Bitcoin (BTC) Going Full ‘Bull-tard’ Now Violates Long-Term Trends: Analyst

Analysts Expect Looming Bitcoin Pullback Bitcoin (BTC) has been on an absolute tear over the past two months. Since the fateful April 1st, we’ve seen the crypto asset explode by over 100%, pulling up altcoins and arguably catalyzing the next full-on bull rally. Cryptocurrencies have gone so far that they are actually the best-performing asset class of 2019 so far, validating a prediction made by individuals like Travis Kling. Despite the stellar performance, some have tried to stay level-headed, claiming that Bitcoin isn’t exactly ready to shoot sky high. Magic…

Bitcoin (BTC) Going Full ‘Bull-tard’ Now Violates Long-Term Trends: Analyst

Analysts Expect Looming Bitcoin Pullback Bitcoin (BTC) has been on an absolute tear over the past two months. Since the fateful April 1st, we’ve seen the crypto asset explode by over 100%, pulling up altcoins and arguably catalyzing the next full-on bull rally. Cryptocurrencies have gone so far that they are actually the best-performing asset class of 2019 so far, validating a prediction made by individuals like Travis Kling. Despite the stellar performance, some have tried to stay level-headed, claiming that Bitcoin isn’t exactly ready to shoot sky high. Magic…

Bitcoin (BTC) Short-Term Bullish, But Long-Term Chart Suggests Pullback

Bitcoin Could Soon Falter Somehow, someway, Bitcoin (BTC) has managed to keep up the bullish momentum for upwards of three months now. The short-term would suggest that this may continue. As analyst Dave The Wave recently pointed out, the daily chart for the leading cryptocurrency currently has a “stunning technical set up.” What Dave seems to be referring to is the fact that BTC is currently trading in a triangle pattern that exhibits a clear uptrend. What’s more, a medium-term parabola has continued to hold, and suggests that BTC could…

Long-Term Bitcoin Price Indicator Rises for First Time in a Year

View Bitcoin has risen back to $8,000 with the widely tracked 200-day moving average beginning to curl upwards in favor of the bulls for the first time since May 2018.  A bull flag breakout seen in the hourly chart indicates scope for a rise to $8,400. The breakout is backed by bullish readings on both the hourly and 4-hour charts.  A rally to $8,400 may not be sustainable, unless the move is backed by a rise in trading volumes. The daily chart is reporting a bearish divergence of trading volumes.…

In for the Long Haul — How the New Long-Term Stock Exchange Can Help the Crypto Industry

One of the most significant introductions that blockchain has made available in recent years is adding new tools through which companies can raise capital. The technology has made it possible to raise funds for a project from investors of just about any pocket size through initial coin offerings (ICOs) as well as security token offerings (STOs). Typically, these investors put in their money not just in return for a big payday, but they’re usually believers in the project as well. These investors form the community around which new projects are…

Almost 12% of US Cryptocurrency Holders Are Long-Term Investors

Almost 12% of crypto holders are long-term investors, according to a survey shared with Cointelegraph on May 13 by HBUS, the operator of United States-based cryptocurrency exchange Huobi. The company reportedly surveyed 1,067 American participants between March and April this year, finding that 19.58% of people with an income higher than $99,000 per year are actively holding cryptocurrency. Still, people earning between $125,000 and $149,000 are the most likely to invest in crypto assets, according to the survey. The report also claims that in 2018, 8% of the respondents invested…

A Bitcoin (BTC) Bull Run Is Inbound, Long-Term Trends Show

Bitcoin May Soon Rally Strongly Again Bitcoin (BTC) may have collapsed by 7% last week off news that Tether’s USDT might not be entirely backed, but one long-term-centric analyst argues that technicals still look bullish for the asset. In a recent series of tweets, Dave the Wave, a popular trader that likes to focus on Bitcoin’s multi-year cycles, noted that long-term indicators are currently signaling that BTC is poised to break out. As seen below, Bitcoin recently rebounded off its 50-month moving average, which supported the value of BTC through…