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Market Update - BTC, XRP & BCH, Mixed Messages But Markets Still Positive

After a pretty solid week of gains and positive movements, we enter this new week on a positive note. Values are up and as it stands, things look pretty promising as we head into August. We are now in a position in which we may very well see, for the first time in a couple of months, a number of cryptocurrencies make way back up to their target figures. We can’t guarantee a bull run, but at the very least, if the planets align and everything goes to plan, we do expect a surge to take over during August. We...

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Bitcoin ETF Might Not Be Over, Just Yet

News of the Winklevoss Bitcoin ETF being rejected by the US Securities and Exchange Commission (again) has shook the markets and breached the headlines today. If you’re not up to date, check out our coverage of this story, here.   Not all hope is lost just get for the Winklevoss twins however, as reports out this afternoon highlight that SEC Commissioner, Hester M. Peirce has commented on the SEC’s approach to rejecting the Bitcoin ETF. According to The Next Web, Peirce has said: “I am concerned that the Commission’s approach undermines investor protection by precluding greater institutionalization of the Bitcoin market....

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Bitcoin (BTC) Turns Bearish After ETF Rejection

It is a sad day in the crypto community as the SEC has rejected a BItcoin (BTC) ETF Proposal presented by the Winklevoss Twins. Earlier this month, this ETF proposal became the cause of a lot of hype and FOMO which pushed the price rapidly from $6,200 to around $8,300 as can be seen on the BTC/USD  daily chart above. This misled many investors into thinking that the correction is over and Bitcoin (BTC) is out of the woods. While it may be true that we might be close to the end of this extended correction, it is likely that...

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Expert Claims That Bitcoin Will Rise 6000% In 6 Years, Seriously

As Bitcoin starts to retreat and as the markets start to balance, we may all start to be feeling a little less optimistic about a potential looming bull run. We do know that this is mostly likely down to the SEC decision to reject the Winklevoss application for a Bitcoin ETF but regardless of what’s caused it, it’s happening and unfortunately, there’s not a lot we can do about it at present. Mark W Yusko, the famed Hedge Fund Manager has recently spoken out about the future of Bitcoin. Within this Yusko believes that actually Bitcoin hasn’t even reached its...

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Bitcoin Is Still Unwanted In The USA As Only 2% Of Investors Actually Own Any BTC

According to a recent study by Wells Fargo & Gallup, Bitcoin is still a very minor entity in the United States, with very few investors displaying an interest in it and moreover, only 2% of investors actually owning any Bitcoin. The findings have been published in a report by Lydia Sadd which can be found, here. According to Saad; “Bitcoin, the leading form of digital currency that has seen its price soar, crash and rise again in the past year, has made little headway with U.S. investors. According to a Wells Fargo/Gallup poll, just 2% of investors say they currently...

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