May 2022 / 130 posts found
Bitcoin Could See 10% Jump, As Volatility Drops To 18-Month Low
Bitcoin After its third-largest weekly fall in over a year, the Bitcoin (BTC) price has finally began to rise. BTC’s price has effectively rebounded from the important support level of $37,500, despite an impending Federal Reserve rate hike. Bitcoin Bitcoin Poised For 10% Jump Various analysts, like The Wolf of All Streets, Michael van de Poppe, and PlanB, are bullish on the bullish trend, with the Bitcoin price currently holding above $39,000. In a tweet on May 4, on-chain data provider Santiment published historical data showing a 20% rally as a result of BTC transactions is negative at the same […]
Bitcoin Institutional Outflows Near One-Year Highs, More Downside Coming?
With the price of bitcoin still trading below $40,000, institutional inflows into the digital asset have slowed significantly. This has now flowed into other digital assets in the space. But what is most significant is the outflow rate which has neared one-year lows. Bitcoin Outflows Grows For the past couple of weeks, the rate at which institutional investors have been pulling money out of bitcoin has been on an accelerated timeline. This is what has culminated in the outflows that were recorded for the digital asset last week. In the space of a week alone, bitcoin had seen the majority […]
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BVTV: Bitcoin’s Africa outpost
Bitcoin Business Posted The Central African Republic has followed El Salvador in adopting the cryptocurrency as legal tender, to its central bank’s surprise. Ed Cropley runs through the reasons, including Bangui’s reliance on Russian mercenaries, why the move may hurt Bitcoin’s bid to go mainstream. Read More
Fidelity plans to offer Bitcoin in its 401(k) retirement funds. But is it best for you?
Fidelity plans to add bitcoin to its 401(k) options. Fidelity says it’s responding to high interest in digital assets. But critics say investing retirement funds in bitcoin is too risky. Bitcoin is down more than 16% this year, but that hasn’t dampened enthusiasm for the asset. That’s why Fidelity Investments is launching a bitcoin option for its 401(k) plans, but investors may still want to think long and hard about whether it’s for them. The nation’s largest plan administrator said later this year, the 23,000 companies it manages retirement plans for will be able to offer their employees bitcoin as an investment choice. Investors would […]
Greenwich estate owner will accept bitcoin or Ethereum cryptocurrency as payment for $6.5 million property
Cryptocurrency Main residence at 241 Bedford Rd in Greenwich, CT Anthony Acocella / Modern Angles The Gold Coast of Connecticut soon might become the Crypto Coast if this real estate listing is any indication. The owner of a Greenwich estate is willing to accept cryptocurrency as payment for its $6.5 million asking price, in what an agent says is the first such listing of its kind in the wealthy town. The unidentified owner’s background explains the unusual offer, and their comfort level in taking bitcoin or Ethereum crypto for the 4.3-acre farmhouse compound on Bedford Road, which dates to the […]