Fund managers aren’t sold that bitcoin (BTC-USD) is a screaming buy after the cryptocurrency’s rout.  Eighty-one percent of fund managers polled in a new Bank of America survey say bitcoin is still a bubble despite the steep price pullback. Investors view bitcoin as the second most crowded traded (investors love bitcoin perhaps too much) behind being long commodities.  A total of 224 fund managers with $667 billion in assets under management participated in the survey. To be sure, bitcoin… Source link

A survey shows hedge funds plan to increase their exposure to cryptocurrencies by 2026. Photo: Getty Images Bitcoin dropped below $40,000 (£28,410) on Tuesday morning even as a survey showed hedge funds interest is on the up and billionaire venture capitalist Tim Draper said he is sticking by his prediction that the cryptocurrency will reach $250,000 by the end of 2022 or early 2023. Bitcoin (BTC-USD) was down 1% and trading at $39,717 a day after it got a boost as American hedge fund magnate… Source link

Ethereum Ethereum rose by 2.89% on Monday. Following a 5.83% rally on Sunday, Ethereum ended the day at $2,582.86. A bearish start to the day saw Ethereum fall to a late morning intraday low $2,461.63 before making a move. Steering clear of the first major support level at $2,363, Ethereum rallied to a late afternoon intraday high $2,609.02. Coming up against the first major resistance level at $2,603, Ethereum eased back to end the day at $2,580 levels. At the time of writing, Ethereum was up by… Source link

Ethereum vs. Bitcoin: Which Crypto Is Better? | GOBankingRates Investing / Crypto znm / Getty Images Cryptocurrencies, also known as digital currencies, seem to be all… Source link

Litecoin price continues to illustrate a symmetrical triangle, edging closer to the apex of the pattern. Potential LTC rally threatened by the strategically important 200-day simple moving average (SMA). Low volume endures, offering no insight into the accumulation-distribution profile of the cryptocurrency. Litecoin price action has been dull since the May 23 low as the area around the 200-day SMA has been a tremendous influence. Unless LTC overcomes the significant… Source link

Bitcoin gained as much as 4.5 percent on Monday to hit $41,020. By Vildana Hajric and Claire BallentineBloomberg After a volatile weekend, Bitcoin has once again surpassed $40,000, reaching its highest level in more than two weeks. The world’s largest crypto gained as much as 4.5% Monday to $41,020, extending its rally to a second day. The coin has rallied roughly 9% since Friday. The wider Bloomberg Galaxy Crypto Index, which tracks some of the major cryptocurrencies, also advanced, adding… Source link

Topline Less than a week after announcing the offering, business analytics firm MicroStrategy, which owns more bitcoin than any other corporation in the world, has raised $500 million in bonds to acquire more of the world’s largest cryptocurrency—signaling institutional investors are still optimistic about the token’s future as it pares back losses from a crash last month. At one point worth more than $5 billion, MicroStrategy’s bitcoin holdings are now worth about $3.8 … [+]… Source link

Text size The price of Bitcoin climbed above $40,000 on Monday, a gain of nearly 13% in 24 hours. Photo by TOBIAS SCHWARZ/AFP via Getty Images Just one tweet, that’s all it took. Bitcoin investors who have been waiting for Tesla Chief Executive Elon Musk to swoop in and… Source link

By Matthew Sparkes Vitalik Buterin (right), the creator of Ethereum, speaking in Seoul, South Korea, in April 2019 YONHAP/EPA-EFE/Shutterstock The creator of Ethereum, the second largest cryptocurrency in the world, says that its carbon footprint is of increasing concern, and he hopes that efforts to cut it by 99 per cent are just six to nine months way, despite years of delay. “You don’t want to be wrecking… Source link

Bitcoin, the biggest cryptocurrency by value with a market capitalization of around $750 billion, has confirmed its first upgrade in four years. Bitcoin miners—those who secure the bitcoin network and validate transactions in return for bitcoin tokens—approved the long-awaited upgrade, known as taproot, that’s due to take effect in November. Sign up now for CryptoCodex—a free, new, daily newsletter that gets you up to speed and ahead of the market. Arriving in your inbox at 7am ET… Source link