Will Bitcoin Hold Above $40K?
Bitcoin is currently trading its sixth consecutive day in the green after briefly breaking above $40K Monday for the first time since June 16. Trade The Chain Research Analyst Nick Mancini discusses the potential factors driving bitcoin’s rally, examining whether the surge is sustainable in the short term.
What Is Driving Bitcoin Prices Higher?
A short squeeze appears to have driven BTC prices higher, as those betting on bitcoin heading lower had to sell in quick succession to cover. Short liquidations or forced closure of sell positions due to margin shortage have likely added upward pressure on prices. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Rallies on Amazon’s Rumored Digital Currency Adoption
Bitcoin rebounded above $39K Sunday. Some suggest the spike could be attributed to an unconfirmed report Amazon is looking to accept bitcoin payments by year’s end and is considering minting its own token by 2022. “The Hash” hosts discuss the legitimacy of the report and its potential impact on the crypto markets.
Did a Short Squeeze Drive BTC Prices Higher?
Bitcoin broke back above $39K Sunday in the largest single daily gain in six weeks. BNY Mellon's Ben Slavin shares his analysis on the potential factors driving the BTC spike. Plus, insights into rising institutional demand for crypto services as BNY Mellon begins to custody crypto and outlook for bitcoin ETFs in the U.S.
Lightning Network Gets Boost From El Salvador’s Bitcoin Law
Bitcoin committed to Lightning channels has grown about 30% since El Salvador's bitcoin law passed, according to CoinDesk Research. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Holds Above $32K as Sentiment Improves
Cryptocurrencies are mostly higher on Friday as bullish sentiment returns into the weekend, with bitcoin trading around $32K at press time.
What Metcalfe's Law Reveals About Bitcoin's Price
Real Vision and Global Macro Investor (GMI) founder and CEO Raoul Paul says, “I cannot get bearish in the larger log chart/regression context, nor in Metcalfe’s Law terms,” responding to a chart illustrating bitcoin’s price since 2012 to present in comparison to a model of Metcalfe value. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Viridi Funds Launches ETF Focused on Cleaner Energy Crypto Miners
Registered investment advisor Viridi Funds has launched an exchange-traded fund (ETF) that invests in clean crypto mining firms. Vridi Funds CEO Wes Fulford discusses the details of the launch and how he hopes to solve bitcoin’s ESG concerns.
Is Bitcoin Undervalued or Could It Trend Lower?
As bitcoin rebounds to above $32K after dipping below the critical $30K level, could it head towards another new low? MarketGauge Group’s Michele Schneider shares her bullish outlook on bitcoin, saying “anything could go lower… [but] it does definitely appear undervalued.”
Elon Musk Says SpaceX Holds Bitcoin at B Word Conference
At the B Word conference held Wednesday hosted by the Crypto Council for Innovation, Tesla CEO Elon Musk revealed he owns bitcoin, ether, and dogecoin, while also confirming for the first time that his aerospace company SpaceX holds BTC. "The Hash" panel discusses Musk's potential influence in the broader crypto markets and community.