Bitcoin

Mykola Tys/SOPA Images/LightRocket via Getty Images Insurer MassMutual is the latest financial institution to invest in Bitcoin, buying $100 million worth of the digital token. The company also acquired a 5% stake in crypto startup, NYDIG.  Billionaire Mike Novogratz highlighted the insurer’s Bitcoin purchase as the most important news in the crypto space in 2020, and called for regulatory approval. The investment represents 0.04% of MassMutual’s $235 billion general investment… Source link

Bitcoin (BTC) continues to be in correction mode with BTC price dropping below $17,600 on Dec. 11, the lowest level since November.  Bitcoin in a downtrend on lower timeframes Every beautiful rally comes to an end and gets followed by a corrective period. This correction seems to have started with the price currently down more than 10% since touching a new all-time high ten days ago.  Meanwhile, some recent news namely the proposed crypto regulation in the United States is bringing fear to… Source link

Newly released data from crypto exchange OKEx gives one possible explanation of how larger holders of bitcoin – or “whales” – were able to influence prices as bitcoin rallied to a new all-time high in November. During that bitcoin run-up, institutions and whales were able to buy dips and oftentimes sell when prices went up. That left the majority of the retail investors scrambling to chase the rally, according to a newly released OKEx data report. Trading data of the bitcoin/tether… Source link

Bitcoin is coming to the end of one of the biggest years in its short history. The bitcoin price has surged through 2020, reclaiming its 2017 all-time highs after finding support from Wall Street and some of the world’s biggest investors. Now, with the bitcoin and cryptocurrency community looking forward to a slew of developments in 2021—including the much-anticipated launch of Facebook’s bitcoin-inspired cryptocurrency and potentially industry-defining U.S. cryptocurrency… Source link

Weak volumes and rotations into other cryptocurrencies are likely impeding bitcoin’s price movement from going higher. Meanwhile, ether has been more volatile than bitcoin in 2020 and could remain that way. Bitcoin (BTC) trading around $18,349 as of 21:00 UTC (4 p.m. ET). Gaining 0.14% over the previous 24 hours. Bitcoin’s 24-hour range: $17,904-$18,652 (CoinDesk 20) BTC slightly above its 10-day and 50-day moving averages, a bullish trending signal for market technicians. Bitcoin trading on… Source link

Bitcoin (BTC) was lower while staying mostly within this month’s range of roughly $18,200 to $19,700. “Upward price action seems to stall, and our analysts believe more inertia is required to push bitcoin beyond the $20,000 psychology barrier,” Lennard Neo, head of research for the cryptocurrency investment firm Stack Funds, wrote Thursday in a report.  In traditional markets, European shares were lower even after the European Central Bank boosted the size of an emergency bond-buying… Source link

Bitcoin (BTC) investors have “not long” to accumulate before a continuation of the bull run past $20,000, a new report says. Released on Dec. 10, the Weekly Report from Asian crypto fund provider Stack Funds predicts that one indicator in particular will follow historical precedent and propel Bitcoin higher. Report: You can buy BTC, but “not for long” According to Slack, the market cap to thermo cap ratio (MCTC) is showing signs of repeating its performance in 2017, the year in which… Source link

Bitcoin prices have been trading mostly range-bound today after dropping below $18,000 and then … [+] recovering. (Photo by Jordan Mansfield/Getty Images) Getty Images Bitcoin prices fell to nearly $17,600 today, declining to their lowest since late November before bouncing back. Since experiencing this volatility, the digital currency has been trading primarily within a relatively tight range between $18,000 and $18,500, CoinDesk figures show. … Source link

Bitcoin has piqued the interest of big banks on Wall Street this year but now the tables have turned. Bitcoin and cryptocurrency payments company BitPay has filed paperwork with the U.S. Office of the Comptroller of the Currency (OCC) to create a national bank—named the BitPay National Trust Bank. BitPay, a bitcoin and cryptocurrency payments firm, has filed to become a U.S. national bank. SOPA Images/LightRocket via Getty Images “This is the first step… Source link

Bitcoin’s options market has flipped bearish for the short term, as demand rises for ways to hedge against further sell-offs in the spot market.  The top cryptocurrency by market value fell to $17,640 earlier Wednesday, the lowest since Nov. 29. Prices later rebounded somewhat and bitcoin was last seen changing hands near $18,300, according to CoinDesk 20 data.  Prices have declined by $1,000 in the past 24 hours, taking out crucial technical levels and triggering fears of a deeper decline… Source link