Hot Topics

Advertisement

Advertisement

What If Bitcoin (BTC) Is In A Multiyear Bear Market?

Bitcoin (BTC) might be in a multi-year bear market and we have good reason to believe that this might be a case. There is a lot of noise and confusion on the shorter time frames but the big picture always shows us everything in a crystal clear manner without any ambiguities. If we look at the monthly chart for BTC/USD without using any fancy technical analysis tools but just drawing a simple trend line, we see two things. The first thing we see is that when BTC/USD broke and closed below the 21 Month EMA for the first time since...

Read More

Approval For Settled Bitcoin Futures On LedgerX

The New York-based LedgerX LLC is “a US-regulated trading platform for physically-settled digital currency derivatives” and has had its application for designation as a contract market approved by the US Commodity Futures Trading Commission, which means that it can now offer physically settled Bitcoin futures contracts. LedgerX is a wholly-owned body of Ledger Holdings Inc., which "has been registered with the CFTC as a swap execution facility and derivatives clearing organization (DCO) since July 2017." Now, it is also “registered as a designated contract market (DCM) under Section 5 of the Commodity Exchange Act (CEA) and Part 38 of the...

Read More

Bitcoin ATMs Hit 5,000 Milestone

It’s been almost six years since the first Bitcoin ATM was installed in Vancouver but since then, the number of Bitcoin ATMs has increased significantly. Just a few months ago we reported that the number of installed Bitcoin ATMs had just reached 4,000 which was great for BTC adoption. Now though, we have just seen the 5,006th Bitcoin ATM get installed. In fact, over the past two months, just under six Bitcoin ATMs were installed on a daily basis. The Bitcoin ATM Market The US leads in the number of crypto ATMs with more than 3200 locations across the nation....

Read More

Is The Bitcoin Bear Market Over Already?

Bitcoin (BTC) has shot up to make more than a 10% move in just a few hours. This is a big move but those that have been looking at the bigger picture would know that this is nothing significant. In fact, the price was expected to do this after it broke below the trend line support at the beginning of this month. Now, the trend line support has turned into trend line resistance and the price has just tested it. Until and unless BTC/USD breaks above this trend line, this is nothing significant because there are a lot of other...

Read More

Pomp: “Bitcoin Is Likely To Hit $100,000 By 2021”

The co-founder and partner at Morgan Creek Digital, Anthony Pompliano (the Pomp) has recently given his next price target for Bitcoin.  This one is VERY bullish. Pomp has this time predicted that Bitcoin hits $100k by the end of 2021. He has been right in his predictions before though so don’t laugh it off just yet. On August 24, 2018 I called for Bitcoin to drop 50% to $3k before rallying back over $10k.That call was deadly accurate and allowed Morgan Creek Digital to buy the dip.Here is my next price target.https://t.co/KzhRO7u2Vi — Pomp 🌪 (@APompliano) June 24, 2019 In...

Read More