Bitcoin's value has reached its highest valuation on 12 October, surpassing the 10K range that it could not break out for long. Over the last few weeks, the cryptocurrency was stuck within the 10000 USD bracket, and experts feared a perpetual stagnation in the long run. Bitcoin On A Uptrend However, If
Stone Ridge, an asset management company worth 13 Billion AUM, just grew bigger as it announced buying 10,000 Bitcoin as part of its primary treasury reserve asset. The company has joined the bandwagon of mainstream institutions to invest and convert their assets to Bitcoin to escape the uncertainties in economies.
Analyst Willy Woo brought to notice that an increasing number of investors are holding bitcoins instead of trading them, anticipating a fair run for BTC in the first quarter of 2021. Bitcoin has fared exceptionally well in the past year, even though the world's economies suffered turbulent times due to
A $50 Million purchase of Bitcoins would stir every nuke and corner of the crypto industry, Something similar happened when the payments processing company Square announced doing the same; the ripples in the crypto space were inevitable. The company revealed that it procured around 4709 Bitcoins, approximately worth 50 million
The Bitcoin options activity spiked on the Chicago Mercantile Exchange on Wednesday as a large number of stakeholders carried out transactions and bets on BTC call options. A whopping 48 million USD worth of bitcoin options were traded on the CME, making its most massive figure recorded since the end
Bitcoin has recorded substantial growth in the past few years, becoming the most talked about and popular cryptocurrency worldwide. Most of the people use the term Bitcoin and Cryptocurrency interchangeably, seemingly laymen being unaware of other tokens. Bitcoin, however, is now struggling to achieve a substantial uptrend. Over the last
The Egyptian economy has been shaken by the Covid-19 Pandemic in the most brutal manner thanks to its already dwindling financial status due to civic unrest. In the times of looming economic depression, the youth is fast adopting cryptocurrency and trading Bitcoin as a source of income. A journal named
Grayscale Investments collected an additional 17,100 Bitcoins to its wealth within a week, which is a considerable number keeping the market watchers stumbled. The Bitcoin holdings of the company have grown up substantially recently, making it close to 4.8 Billion. Bitcoin's high stakes in such a massive number forecast bright