Author: Yashu Gola

PayPal Didn’t Shoot Bitcoin Above $13,000, Analyst Explains Why –

On Wednesday, Bitcoin logged a supersonic bull run, hitting $13,000 for the first time in 15 months. The rally started after PayPal announced its foray into the cryptocurrency sector, leading analysts to believe that the $138 billion global payments firm Read More

Bitcoin Crosses $12K as Pelosi and Mnuchin Near Stimulus Deal –

Bitcoin rose on renewed optimism for the second coronavirus stimulus package, while the US dollar plunged. House Speaker Nanci Pelosi said a bill for the compromised aid is on the way after confirming a fruitful, 45-minute telephonic conversation with Treasury Read More

Bitcoin Breaks $11.8K on Jerome Powell Speech; Is Rally Sustainable? –

A Jerome Powell speech on central bank digital currencies (CBDC) was enough to decouple Bitcoin from traditional asset markets. The benchmark cryptocurrency surged above $11,800 in the hours leading up to the Federal Reserve chairman’s cautious remarks on CBDCs at Read More

UniSwap (UNI) Risks Falling Another 10% over Centralization Worries | NewsBTC

UniSwap’s native cryptocurrency, UNI, is at risk of continuing its downtrend by another 10 percent as the decentralized exchange undergoes its first governance vote. Members of the UniSwap community claimed that whales with access to large quantities of UNI tokens Read More

Macro Investor Sees Bitcoin Supply Deficit as Grayscale Boosts Stockpiling –

Bitcoin (BTC) traders and investors may face a supply deficit as major firms increase their stockpiling of the cryptocurrency, according to Dan Tapeiro of New York-based global macro fund DTAP Capital. “SHORTAGES of Bitcoin [is] possible,” the founder tweeted on Thursday. Read More

3 Biggest Bitcoin Takeaways from JPMorgan’s Q3 Earnings –

JPMorgan is not a Bitcoin indicator. But the American banking giant’s third-quarter earnings report is full of anecdotes that may influence the cryptocurrency’s future outlook – in one way or another. Background The JPMorgan earnings showed an increase in profits Read More

Bitcoin Hits 5-Week High Ahead of Q3 Earnings Season; What’s Next? –

There was no major stimulus announcement, but Bitcoin was still able to hit a five-week high on the first day of the week. The benchmark cryptocurrency established an intraday high of $11,736 before profit-taking sentiment pushed its exchange rate lower. Read More

FTX CEO is Behind YFI Price’s Crash Towards $12K, Claims Weibo Profile | NewsBTC

YFI crashed towards $12,000 on Thursday and unconfirmed evidence shows that Sam Bankman-Fried was behind the plunge. A Weibo-based profile, operating under the pseudonym of “Crypto Apprentice,” published a string of screenshots that connected the FTX crypto exchange CEO with Read More

Key Bitcoin Takeaways from Fed’s September Meeting Minutes –

Bitcoin rose by more than 200 percent from its mid-March nadir at one point this year, supported by the Federal Reserve’s unprecedented expansionary policies. But minutes from the US central bank’s meeting last month showed their officials disagreeing on implementing Read More