Institutional investors are rapidly gobbling up Bitcoin, and at the time of writing, nearly 3% of the Bitcoin (BTC) in circulation are locked up in long-term holdings by these investors. Data shows that 24 entities have amassed more than 460,500 BTC, which is equivalent to $22 billion at Bitcoin’s current price. According to Michael Novogratz, this figure excludes the 3 million BTC forever lost, who estimates that a supply shortage could occur shortly if institutions keep up their current… Source link

Bitcoin’s (BTC) abysmal December 2017 futures launch quickly fell short of investors expectations and even though the CME BTC market has surpassed $2.5 billion in open interest, the initial launch has reinforced the narrative that this week’s CME ETH futures launch will be equally bearish in the short term.  Prior to the CME BTC futures launch, Bitcoin had already gained 1,900% for the year, a rally which some analysts argue was propelled by the expectation of regulated futures. Now that… Source link

TipRanks Goldman Sachs: These 2 “Strong Buy” Stocks Could Surge at Least 30% We’re well into the first quarter of 2021 now, and it’s a good time to take stock of what’s behind us, and how it will impact what lies ahead. Goldman Sachs strategist Jan Hatzius believes that we are on an upward trajectory, with better times ahead. Hatzius sees the developed economies expanding as the corona crisis recedes. For the US, particularly, he is impressed by the ‘very substantial fiscal… Source link

Bitcoin’s current bull run, pushing the bitcoin price up by more than 350% over the last year, has seen a host of big names flocking to cryptocurrencies. The bitcoin price soared to almost $50,000 per bitcoin this week after Elon Musk’s Tesla TSLA announced it had bought $1.5 billion worth of bitcoin—pushed still higher by surprise support from the oldest U.S. bank. Now, hedge fund manager Anthony Scaramucci, whose infamous 2017 tenure as Donald Trump’s communications… Source link

Litecoin Price Soon to Hit New ATH As Coinpedia earlier reported that Litecoin price may soon hit $200, the day has finally arrived. The LTC price smashed $200 levels with a mega rally that soared the price from $188 levels to $209 in the early trading hours. One of the possible reasons of the surge may be the immense purchase of LTC by a popular hedge fund, Grayscale. The hedge fund has purchased more than 20041 LTC worth nearly $4 million in the last 24 hours. The Litecoin price rally… Source link

IMAGE: getty Elon Musk’s proverbial ability to kick the hornet’s nest at the right moments is once again evident in the wake of the recent news that Tesla has bought $1.5 billion in bitcoin: since then, the value of bitcoin has appreciated to almost $50,000, Mastercard has announced that it will enable the use of cryptocurrencies on its network (this would seem for the moment to be a statement of intent, saying it will do so when cryptocurrencies are… Source link

Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 13th, 2021 For the day ahead Litecoin would need to avoid a fall through the $191.36 pivot level to support another run at the first major resistance level at $205.83. Support from the broader market would be needed, however, for Litecoin to avoid a fall back to sub-$200 levels. Barring an extended crypto rally, the first major resistance… Source link

Strong bullish currents have been the norm across the crypto-market lately, with Bitcoin not being the only crypto-asset breaching ATHs consistently. In fact, hot on the heels of BTC, Ethereum, Chainlink, and Binance Coin have also registered their own new highs. Thanks to its correlation with the world’s largest cryptocurrency, it’s no surprise that Litecoin (LTC) was affected by the crypto rally too, with the coin trading over $200, at press time. Thanks to its over 40% hike in the… Source link

Ethereum (CCC:ETH-USD) is trading over $1,800 as I write this early on Feb. 11. It’s up 150% year-to-date (YTD). A similar story is told about Bitcoin (CCC:BTC-USD), the world’s largest cryptocurrency. A stack of ether or ethereum coins on a gold background. Source: Shutterstock InvestorPlace – Stock Market News, Stock Advice & Trading Tips When it comes to stocks and other investments, generally, I’m not particularly eager to write about them unless I’m bullish about their prospects…. Source link

Ethereum Ethereum rose by 3.23% on Friday. Following on from a 2.57% gain on Thursday, Ethereum ended the day at $1,845.0. A bearish start to the day saw Ethereum fall to an early morning intraday low $1,741.29 before making a move. Steering clear of the first major support level at $1,721, Ethereum rallied to a late intraday high and a new swing hi $1,868.9. Ethereum broke through the first major resistance level at $1,836 and Wednesday’s swing hi $1,839.0 before falling back to sub-$1,850… Source link