These Three Factors Show Why Bitcoin is Poised to Plummet Towards $8,000

Bitcoin extended its overnight bout of consolidation, struggling to gain momentum in either direction despite posting a rejection at $9,800 yesterday The benchmark cryptocurrency now appears to be well-positioned to see further weakness as it struggles to surmount its near-term resistance Analysts are pointing to a few key factors that show why this selloff could be far-reaching Bitcoin has shown some signs of weakness throughout the past several days due to its inability to break […]

Bitcoin Is Prepped to Surge to $14,000 as Price Consolidates at Crucial Level

For the third time in the past year, Bitcoin saw a strong rejection at the $10,500 price point earlier this week. Per a previous report from Bitcoinist published Monday, the leading cryptocurrency tanked by $1,500 in literally three minutes on BitMEX. At its worse, the reversal meant that Bitcoin was down to $8,600 from the $10,450 highs, which resulted in over $100 million worth of long positions being liquidated on BitMEX alone. Many immediately took the […]

A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging

The world is experiencing the worst financial crisis in decades, but the Bitcoin market has its own route. The recent acquisitions announced by cryptocurrency exchanges give hope that the economic recession doesn’t hinder the crypto’s market expansion. Last month, Binance announced the acquisition of Coinmarketcap. Now it’s time for Coinbase to go big. Coinbase Buys Institutional-Oriented Bitcoin Brokerage Tagomi Coinbase, America’s largest cryptocurrency exchange, will have more to offer to institutional investors. The company announced […]

Here’s Why Bitcoin Options Open Interest Has Surged 10x on the CME This Month

Bitcoin has seen immense volatility in recent times, and although most of this has favored buyers, the crypto has been unable to firmly surmount the $10,000 region It now appears that large traders are rushing to gain exposure to the cryptocurrency, as open interest for Bitcoin options on the CME has surged 10x this month alone This comes shortly after news of Paul Tudor Jones and other notable investors gaining upside exposure to BTC via […]

Bullish for Bitcoin: Data Shows “Regulation Sensitive” Institutions are Long

As Bitcoin’s mining rewards halving fast approaches it appears that some notable investors are taking notice Data suggests that large regulation-sensitive institutions are going long on BTC This comes in tandem with a massive spike in accumulation rates from Bitcoin whales, signaling that investors across the board are anticipating some bull-favoring volatility Bitcoin’s highly anticipated mining rewards halving event is less than two weeks away, and cryptocurrency investors are on the edge of their seats […]



Bitcoin Google Searches Fall to Pre-March Levels

The number of Google searches for Bitcoin has decline close to pre-March levels, suggesting that the interest in the cryptocurrency could be declining despite its safe-haven potential amid the looming crisis. Investors Worried About by Market Crash Google Trends data shows that the interest in Bitcoin has gradually declined worldwide to previous levels. Last month, Google searches for the term “Bitcoin” skyrocketed and almost touched a 12-month high on March 13, the day after the […]

CoinMarketCap Opens Up On the Binance Acquisition

Executives of CoinMarketCap have released an open letter discussing the Binance acquisition. In it, soon-to-be CEO Carylyne Chan seeks to reassure users that the website will remain independent, and will put greater efforts into offering more services. New Chief Executive Officer Addresses User Concerns The reportedly $400 million purchase came as a surprise to the crypto community, yet Binance CEO Changpeng Zhao has stated that a deal had been in the works for a few […]



Ripple Onboards 1 Million New Users With Latest Partnership

It’s not all bad news out there. In fact, amid rising uncertainty, many companies are still forging ahead. Despite having its employees working from home, Ripple just announced a brand-new partnership. Working with Thai-based DeeMoney will allow the blockchain unicorn to onboard one million new users. Ripple to Parter with DeeMoney Ripple announced its latest partnership with Thai fintech startup DeeMoney in a company blog post. And it looks to be a mutually beneficial match. […]