The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which…
First Mover: Bitcoin Tops $50K and Crypto’s Nouveau…
Price Point Bitcoin (BTC) shot past $50,000 for the first time Tuesday to a new all-time high price. The gain took the year-to-date return to about 70%, and traders immediately began to discuss what comes…
First Mover: Bullish ($1 Million) Bitcoin Forecast as…
Editor’s Note: Happy Chinese Lunar New Year! First Mover will not publish on Monday, February 15, which is Presidents’ Day in the U.S. Cryptocurrency markets will be open, as they always are. Price Point Bitcoin…
First Mover: A Bullish ($1 Million) Bitcoin Forecast…
Editor’s Note: Happy Chinese Lunar New Year! First Mover will not publish on Monday, February 15, which is Presidents’ Day in the U.S. Cryptocurrency markets will be open, as they always are. Price Point Bitcoin…
2021 Bitcoin Price Predictions: Analysts Forecast BTC Values…
As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number…
Guggenheim Investments Increases Bitcoin Fair Value Estimate —…
Guggenheim Global Chief Investment Officer Scott Minerd has increased his bitcoin fair value estimate. He now says that the price of the cryptocurrency could reach $600K based on his firm’s fundamental research. Guggenheim’s SEC filing…
Two Prime launches actively managed bitcoin and ether…
Two Prime, an investment firm specialized in digital asset and derivative strategy management, today announced the launch of its first actively managed digital assets fund, Two Prime Digital Assets Fund. Utilizing a derivative overlay strategy…
First Mover: Bulls Are Back as Ether Hits…
Bitcoin (BTC) was higher for a third day, pushing on the upper end of its range over the past couple weeks, between $30,000 and $36,000. “Cryptocurrency has come into the realm of respectability,” Scott Minerd,…
Crypto Asset Manager Bitwise Files to Publicly Trade…
On February 2, the crypto asset manager, Bitwise Asset Management, announced it had filed a Form 211 with the U.S. Financial Industry Regulatory Authority (FINRA). If the proposal is approved Bitwise will be able to…
First Mover: Federal Reserve Soup Now Includes Bitcoin,…
Bitcoin (BTC) was higher for a second day, pushing toward the upper end of the range between roughly $30,000 and $36,000 where it has traded for the past couple weeks. Ether (ETH), the second-biggest cryptocurrency,…
Federal Reserve Soup Now Includes Bitcoin, DeFi, Silver,…
Bitcoin (BTC) was higher for a second day, pushing toward the upper end of the range between roughly $30,000 and $36,000 where it has traded for the past couple weeks. Ether (ETH), the second-biggest cryptocurrency,…
Crypto Long & Short: GameStop, Dogecoin and a…
It’s hard to do justice to the symbolism and significance of the Reddit-Robinhood-GameStop drama of this past week. That’s not to say it hasn’t been overblown in some quarters. I’ve heard it compared to the…
Money Reimagined: Narratives Wall Street Can’t Control
Welcome to Money Reimagined. This was the week the internet finally defeated Wall Street – at least for a few days. The wild rally in GameStop’s stock, fueled by an army of Reddit retail day…
DeFi sector growth pushes Reserve Rights, 0x and…
Bitcoin (BTC) has bounced back above the $32,000 level today, but Guggenheim chief investment officer Scott Minerd believes that the current institutional demand is not sufficient to keep the price above $30,000 for long. Despite…
Bitcoin whale explains to Bloomberg why crypto volatility…
Bitcoin’s (BTC) violent price swings could become a thing of the past as institutional buyers with stronger hands continue to push the asset higher, according to a prominent crypto whale. Eric Peters, the founder and…
Blockchain Bites: DOGE Chases After GameStop, Guggenheim Doubts…
Three stories 1. Federal Reserve Chair Jerome Powell said the U.S. central bank will keep its policies loose. The Fed will maintain its current $120 billion per month bond-buying program until “substantial further progress” is…
Market Wrap: Bitcoin Hits $34.8K While Ether Volatility…
Some bitcoin investors appear to be buying in around $30,000 and taking profits at $40,000, according to one analyst. Meanwhile, ether’s spot market is decoupling from bitcoin and gyrating wildly, according to volatility metrics. Bitcoin…
First Mover: Bitcoin Flushes ‘Weak Hands’ as Ethereum…
Bitcoin was higher on Monday at around $33,000, rebounding after a 9.9% drop in the seven days through Sunday, the biggest weekly drop since August. “Bitcoin is seeing some consolidation itself after surviving another run…
Should I Buy Bitcoin? — Switzerland’s Largest Bank…
Switzerland’s largest bank, UBS, has published guidance for clients about investing in bitcoin. The bank answers some important questions, such as whether one should buy bitcoin and other cryptocurrencies and whether bitcoin can be used…
Crypto Long & Short: No, Bitcoin Was Not…
Maybe it’s just that winter is dragging on, but I find myself getting increasingly irritated with mainstream reports about Bitcoin that say it was a result of the financial crisis. It wasn’t, and that matters.…
Bitcoin in jeopardy, Ether briefly breaks records, Biden…
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a…
Crypto market cap falls by $113B as Bitcoin…
On Jan. 21 the cryptocurrency market experienced an increased wave of selling pressure and within the last hour Bitcoin (BTC) price dropped below the $30,000 mark for the first time since Jan. 4. BTC/USDT 4-hour…
Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol…
Bitcoin (BTC) price tumbled more than 10% today to hit a low near $31,000 and at the time of writing it looks like the sell-off has a bit further to go. In a weekly report…
Bahamas-Based Deltec Bank Holds a ‘Large’ Bitcoin Position
Bahamas-based Deltec Bank & Trust said during a recent video review that it’s holding a “large position” in bitcoin. The information was given by their chief investment officer, Hugo Rogers. Deltec Executive Discusses Bitcoin Position…
First Mover: Don’t Like $34K Bitcoin? Stellar, Litecoin…
Bitcoin snapped a four-day losing streak, appearing to stabilize around $34,000. After the recent market correction, prices for the cryptocurrency are still up 18% year-to-date, versus a 1.2% gain for the Standard & Poor’s 500…
Analysts Are Gloomy About Bitcoin’s Short-Term Price Outlook…
The near-term outlook for bitcoin has dimmed, analysts say, with some now seeing a possible extension of Monday’s major price drop. “There could be another dump as outflows from the cryptocurrency exchange Coinbase Pro have…
Institutions Use This Strategy to Hide Their Bitcoin…
Institutional investors and speculators trading large quantities of bitcoin are taking on a new method to hide the real sizes of their trades. They are doing so – many times with the quiet help of many…
First Mover: Cryptocurrency Euphoria Hits Breaking Point as…
The recent euphoria in cryptocurrencies morphed into a severe sell-off, as bitcoin prices dove 12% on Monday, which would be the most for a single calendar day since March. Prices for the largest cryptocurrency had soared…
Could Bitcoin Reclaim $40,000? The US Dollar Index…
Bitcoin logged its worst plunge since March in the previous three sessions, stoking concerns among traders that its overheated price rally is beginning to lose steam. The flagship cryptocurrency plunged 5.18 percent during the weekend…
Brace for impact? After hitting $42K, Bitcoin price…
The price of Bitcoin (BTC) achieved a new all-time high above $42,000 on Jan. 8, surging by 9% in merely three hours. At the time, there was a high premium on Coinbase, which meant U.S.…
Skybridge Bitcoin Fund Debuts With $310 Million —…
Skybridge Bitcoin Fund’s assets under management have risen to $310 million. Expecting the cryptocurrency to become a digital replacement for gold, the firm reportedly values bitcoin at $535,000. Skybridge also predicts that bitcoin’s price will…
Bitcoin Prices in 2020: Here’s What Happened
For many reasons 2020 will loom large in future textbooks on financial history. This year saw the biggest drop-off in economic output since the Great Depression, the biggest spate of money printing in the Federal…
Market Wrap: Bitcoin Hovers Around $27K While ETH/BTC…
Bitcoin has mostly traded in a tight, low-volume range Monday while some profit-taking from bitcoin into ether is appearing on the ETH/BTC charts. Bitcoin (BTC) trading around $26,822 as of 21:00 UTC (4 p.m. ET).…
Bitwise Liquidates XRP Position in Crypto Index Fund…
Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund. The firm acted shortly after the U.S. Securities and Exchange Commission (SEC) sued the token’s alleged creator, Ripple Labs…
Guggenheim Investments: Bitcoin Is Worth $400,000 Based on…
Guggenheim Investments, an asset management firm with over $230 billion under management, has valued bitcoin at $400,000 based on fundamental analysis. Guggenheim wanted to invest in bitcoin when the price of the cryptocurrency was at…
Who Are The Investors Backing Michael Saylor’s Big…
Software intelligence firm MicroStrategy made one of the boldest investment moves of the year when it invested $250 million into bitcoin, buying about 0.1 percent of the total supply in August. Its CEO, Michael Saylor,…
No Need to Convince Shareholders – Microstrategy’s Investors…
Investment banker Ellie Frost has put out a Twitter thread showing that four of Microstrategy’s top 10 shareholders had already been bullish on bitcoin before Michael Saylor company’s big dive into the digital asset. According…
Bitcoin Whales Buy Low, Sell High; Retail Investors…
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…
Major Insurer Massmutual Invests $100 Million in Bitcoin…
Leading life insurance company Massmutual has become the latest big company to invest a huge sum of money in bitcoin. Massmutual believes that having a bitcoin position in its investment account will help the company…
Bitcoin Whales Buy High, Sell Low; Retail Investors…
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…
Every asset manager must understand Bitcoin — Erik…
Shapeshift CEO Erik Voorhees has drawn a metaphorical line in the financial sand, stating that every asset manager should understand Bitcoin now based on its astonishing rate of return. Voorhees made the comments while retweeting…
Financial Analysts Expect US Dollar to Soften Further,…
Well before the coronavirus pandemic, global economists expected a grim-looking American economy and during the last ten months of the Covid-19 outbreak, the U.S. financial system looks even worse. Economists and analysts say the biggest…
Blackrock CEO Larry Fink: Bitcoin Makes US Dollar…
The CEO of Blackrock, the world’s largest asset manager, said that bitcoin “can evolve into a global market.” Moreover, the cryptocurrency has a “real impact on the U.S. dollar,” making the need for the USD…
First Mover: Bitcoin’s Failure to Break $20K Shows…
Bitcoin was lower, retreating after rallying over the past 24 hours to a new all-time-high price of $19,920, based on CoinDesk’s Bitcoin Price Index. Cryptocurrency analysts predicted bullish traders might next target the $20,000 threshold, though…
Blackrock’s Chief Investment Officer: Cryptocurrency Is Here to…
Blackrock’s Chief Investment Officer, Rick Rieder, said cryptocurrency, including bitcoin, “is here to stay.” In addition, he said bitcoin is a durable mechanism that could replace gold. Blackrock on Bitcoin and Gold Rick Rieder, Blackrock’s…
Blackrock CIO: Cryptocurrency Is Here to Stay, Bitcoin…
Blackrock’s Chief Investment Officer, Rick Rieder, said cryptocurrency, including bitcoin, “is here to stay.” In addition, he said bitcoin is a durable mechanism that could replace gold. Blackrock on Bitcoin and Gold Rick Rieder, Blackrock’s…
Bitcoin nerves, DeFi defiant, PayPal debut, Coinbase warning:…
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a…
Market Wrap: Bitcoin Fails to Break $15.9K; Over…
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up. Bitcoin (BTC) trading around $15,694 as of 21:00 UTC (4 p.m. ET). Gaining 2.6% over the previous 24 hours. Bitcoin’s 24-hour range: $15,293-$15,973 BTC…
3 Reasons Bitcoin Has Rallied Over 60% in…
Bitcoin (BTC) has chalked up a stellar price rally in the past two months, reaching 33-month highs close to $16,000. The uptrend began in early September after buyers bought a dip below $10,000, and gathered…
First Mover: What’s Next for Bitcoin as Wall…
Bitcoin was higher for a second day, staying in a range between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks. With the…
Crypto Long & Short: Bitcoin Gets Ready for…
Of all of the many clever things Mark Twain is alleged to have said, one of my favorites, especially these days, is: “It ain’t what you don’t know that gets you into trouble. It’s what…
Is the Controversy Over the US Presidential Election…
What a week it has been. While parties on both sides of the aisle were confident that the US Presidential election would be a landslide in either direction, this week saw the election transform into…
First Mover: Bitcoin’s Latest Rally Proving Irresistible as…
Bitcoin was lower, pausing a powerful rally that has seen the largest cryptocurrency jump 25% in October to the highest levels since June 2019. Traditional financial-media outlets like Bloomberg News were writing about it. Prices appeared to…
Market Wrap: Bitcoin Tests $12K; Ethereum Fees Fall…
Bitcoin’s price passed $12,000 for the first time since September as Ethereum fees dipped. Bitcoin (BTC) trading around $11,910 as of 20:00 UTC (4 p.m. ET). Gaining 1.8% over the previous 24 hours. Bitcoin’s 24-hour…
OKEx FUD Benefits Rival UniSwap as UNI Jumps…
UniSwap’s governance token UNI was among the biggest gainers on Friday as the rest of the cryptocurrency market succumbed to a bearish fundamental. The crypto index lost about $7 billion as trades panic-sold a portion…
Market Wrap: Bitcoin Slips to $11.2K; Uniswap Flows…
Bitcoin is trending downward while ether transaction activity is showing Uniswap’s influence on the market. Bitcoin (BTC) trading around $11,359 as of 20:00 UTC (4 p.m. ET). Slipping 0.38% over the previous 24 hours. Bitcoin’s…
First Mover: Stimulus Winning as Biden Surges in…
The outcome of next month’s U.S. presidential election may not matter much for bitcoin’s price: Economic stimulus in the trillions of dollars is likely no matter who wins, bolstering the largest cryptocurrency’s appeal as a hedge against inflation. …
Market Wrap: Bitcoin Tops $11.1K; Ether Traders Like…
Bitcoin is making gains Friday while ether options traders on the Deribit exchange love $400 strikes. Bitcoin (BTC) trading around $10,050 as of 20:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours.…
DeFi tokens are oversold but revenue and TVL…
Over the last month the crypto market has seen a significant amount of volatility as a 6-month altcoin bull market abruptly came to an end with the most recent Bitcoin (BTC) price rejection at $12,000.…
Bitcoin Expects to Hit Yearly Highs on UBS’s…
Bitcoin is looking to resume its uptrend towards $12,500 based on its proximity with traditional rival gold. The analogy pops out of an erratic positive correlation between the two assets that have caused them to…
Market Wrap: Bitcoin Hits $10.9K; Total BTC Locked…
Bitcoin is making gains not seen since early September; the amount of BTC locked in DeFi hits six figures. Bitcoin (BTC) trading around $10,778 as of 20:00 UTC (4 p.m. EDT). Gaining 0.70% over the…
Binance, Huobi, OKEx Have FOMO for DeFi
Decentralized finance (DeFi) has been grabbing the headlines and capturing the imagination of traders in recent weeks and some of the biggest centralized cryptocurrency exchanges seem to be afraid they’re missing out. That’s why they…
Buffett shunned tech for many years until now…
Ahead of its initial public offering (IPO), Warren Buffett and Berkshire Hathaway invested in tech-cloud company Snowflake. Buffett has largely avoided tech companies for many years, investing heavily in banks. That trend is starting to…
Blockchain Bites: Bitmain Denied, Coinbase Blocked and a…
Bitmain’s appeal to recoup $30 million in alleged lost revenues from Poolin has been denied, Digital Currency Group has acquired a retail-focused exchange and Venezuelan officials appear to have blocked access to Coinbase. Top shelf…
First Mover: Bitcoin Acts Like a Tech Stock…
You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never…
Market Wrap: Bitcoin Tumbles to $9.8K; Investors Continue…
Bitcoin is in bear territory for the third straight day and investors are still looking to DeFi to capture gains during the dump. Bitcoin (BTC) trading around $10,606 as of 20:00 UTC (4 p.m. ET).…
First Mover: Ether Price Swings Make Bitcoin Look…
Market moves The explosive growth of decentralized finance, or DeFi, on the Ethereum blockchain has brought unwanted attention to the recent surge in congestion on the network, with a resulting jump in transaction fees. There’s…
Federal Reserve’s Expected Inflation Ramp-Up Drives Institutional Investors…
The U.S. Federal Reserve is expected to ramp up inflation by keeping interest rates low. As the U.S. dollar falls sharply and gold’s price soars, institutional investors are moving their money into alternative investments, including…
LEND Rallies Another 20%; Here’s Why It Could…
LEND price surged another 20 percent on a 24-hour adjusted timeframe. The extended upside move brought the DeFi token closer to its all-time high of $0.485. Jeff Dorman, the chief investment officer at Arca, credited…
Bitcoin Price Rebounds to $11.6K as VIX Is…
Bitcoin (BTC) soared past the key technical resistance level of $11,500 and past $11,600 on Aug. 5 as a fresh round of bullish sentiment canceled out more of last weekend’s plunge. Cryptocurrency market daily snapshot…
First Mover: As Fed Nears Inflation Rubicon, Analysts…
The Federal Reserve appears ready to pursue yet another untested strategy that could ultimately boost inflation – and possibly prices for bitcoin. The Fed is “preparing to effectively abandon its strategy of pre-emptively lifting interest rates to…
One Billion, Two Billion, Three Billion, Four? DeFi’s…
Projects like MakerDAO, Compound, dYdX and Dharma realized in 2018 they were a distinct group with shared interests within the cryptocurrency industry. Finance has been part of Ethereum from the beginning, but the first attempt…
Amazon Prime Membership Should Have Been a Tokenized…
Jeff Dorman, a CoinDesk columnist, is chief investment officer at Arca where he leads the investment committee and is responsible for portfolio sizing and risk management. He has more than 17 years of trading and…
Macro Indicators Predict BTC Rally as Bitcoin Price…
Since early May, the price of Bitcoin has been at a standstill in a tight range between $8,500 and $10,000. For most of the past month, BTC has remained between $9,000 and $9,500 as realized…
The Three Most Controversial Bitcoin Price Models and…
There are several well-known Bitcoin price models and theories that are often highly debated and considered controversial. Models like stock-to-flow, Hyperwave and Elliot Wave typically predict large price movements in the medium- to long-term. Stock-to-flow:…
Bitcoin Price Rally by 2021 Looks Likely From…
The price of Bitcoin (BTC) has been bouncing in the range between $8,600 and $10,000 for the past two months. BTC has shown little volatility since May, following a critical rejection at $10,440. However, five…
Market Wrap: Crypto Market Eerily Quiet as Bitcoin…
Quiet is the best word to describe the bitcoin market. Tuesday’s trading stayed within the same price range maintained over the past several weeks, with bitcoin remaining inside a tight $200 range for much of…
Market Wrap: DeFi Is Helping Ether Outpace Bitcoin…
Bitcoin and ether are soundly beating nearly all major global equities indices on the year. Of the two, ether is handily beating bitcoin’s price performance when the market is moving higher. The second-largest cryptocurrency by…
Market Wrap: Bitcoin Closing in on $9,900 as…
A quick rally followed by a sharp decline earlier this week in bitcoin prices spelled trouble for bulls. However, volatility is back in the spotlight and that could bring other opportunities, according to market players.…
First Mover: ECB Stimulus May Offer Market Hope…
As bitcoin struggles to break out of the range it’s largely been stuck in for more than a month, some investors are looking ahead to Thursday’s European Central Bank meeting for fresh monetary stimulus that…
Market Wrap: Bitcoin’s Price Is Rising Despite a…
Bitcoin's price is starting to make gains after what turned out to be a rather dull halving event. With daily active bitcoin addresses at the highest level since 2018, interest in bitcoin could be heading…
Bitcoin’s 8% Drop Triggers Largest Liquidation on BitMEX…
Bitcoin fell sharply on Sunday, triggering the highest long-short liquidations on crypto derivatives exchange BitMEX for the past two months. The top crypto by market cap fell by over 8.5% – its biggest single-day drop…
First Mover: Two Weeks From Halving, Bitcoin Rally…
Bitcoin has strung together seven consecutive daily gains, something that hasn't happened since the price shot up to last year's high around $13,000 in July. The cryptocurrency's price now stands at over $7,750, up 8…