Former Bitmex CEO Arthur Hayes has predicted that bitcoin will find a support level between $ 30,000 and $ 35,000. He contends that the ongoing bitcoin selloff is not due to outflows from Grayscale’s bitcoin trust (GBTC). “That argument is bogus,” he claimed, adding that bitcoin’s price movement is “anticipating the Bank Term …
Bitcoin rallied to a three-month high on Friday, as market optimism grew that the Securities and Exchange Commission (SEC) could soon approve several spot bitcoin ETFs. As reported yesterday, SEC Chair Gary Gensler stated that the regulator is currently reviewing up to ten filings for the product. This comes as the commission also opted to […]
Bitcoin started the week hovering slightly above the $ 29,300 region, however bulls continue to target a resistance level of $ 30,000. The cryptocurrency mostly consolidated this past weekend, with this sentiment still present on Monday. Ethereum fell marginally below its Sunday peak. Bitcoin Bitcoin (BTC) started yet another week in consolidation, as …
Bitcoin moved above $ 30,000 late on Tuesday, as markets reacted to the news that rating agency Moody’s had downgraded several U.S. banks. The list includes State Street, Northern Trust, and Bank of New York Mellon. Ethereum was marginally higher. Bitcoin Bitcoin (BTC) briefly rose back above the $ 30,000 level late last …
Bitcoin moved towards the $ 30,000 level on Aug. 2, as markets reacted to the latest filings by Michael Saylor’s Microstrategy. In the second quarter the company reportedly added 12,333 BTC at a cost of $ 361.4 million. Ethereum jumped back above a key price floor of $ 1,850. Bitcoin Bitcoin …