Tag: Bitcoinist

Bitcoin Price Breaches $61,000 Ahead of Key Inflation Figures; What’s Next? | Bitcoinist.com

Bitcoinist

Key Bitcoin Price Outlook The bitcoin price briefly surged above $61,000 on Tuesday. The climb surfaced as a part of an upside weekly session, as traders’ appetite for safe-havens surged ahead of key US inflation data. Technically, the cryptocurrency shied Read More

Raze Network Kicks Off Initial DEX Offering on Bounce, Poolz and DuckStarter

Bitcoinist

$RAZE is designed as a utility token to represent participation and accelerate growth in the Raze Network ecosystem Raze Network, a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem, is set to launch its Initial DEX Offering (IDO). Starting today, Read More

Bitcoin Weekly Outlook: Breakout Over $60K Expected on Coinbase Listing | Bitcoinist.com

Bitcoinist

Key Bitcoin Takeaways Bitcoin flirts with $60,000 for a breakout move. The cryptocurrency is trending inside a classically bullish ‘Ascending Triangle’ pattern. Coinbase’s listing on Nasdaq, US inflation data update this week promises further upside. Bitcoin has endured significant selling Read More

Robinhood Adds 9.5 Million New Crypto Users As Mainstream Adoption Continues | Bitcoinist.com

Bitcoinist

As cryptocurrencies continue to surge to new highs and bask in the media’s limelight, Robinhood reported major growth in the number of users trading crypto on their platform. According to their blog post, the California-based broker saw its crypto user Read More

CryptoPunks NFTs Get $6M in Bids From a Single Account | Bitcoinist.com

Bitcoinist

NFTs are here to stay. CryptoArt is hotter than ever.CryptoPunks keep breaking records. As Christie’s auction approaches, the demand for the original NFTs rises. Today, an anonymous and recently created account placed bids worth 3,034 ETH for 16 CryptoPunks. At Read More

Bitcoin Miner Revenue Hits New All Time High Among Other Key Metrics: Potential Bull Case?  | Bitcoinist.com

Bitcoinist

Total Bitcoin miner revenue has been on a steady uptrend since the start of the year, hitting its new all time high on Friday. According to figures from on-chain analytics site Glassnode, miners are now making an aggregate $64 million Read More

Coinbase Reports Incredible Quarter, But Valuations Remain Uncertain: What to Expect | Bitcoinist.com

Bitcoinist

Crypto exchange giant Coinbase released its earnings for the first fiscal quarter of 2021 ahead of its direct listing on the Nasdaq on April 14. Its revenue skyrocketed to a record-setting $1.8 billion — singlehandedly topping all of last year’s Read More

Bitcoin Investment Firm NYDIG Raises Additional $100 Million | Bitcoinist.com

Bitcoinist

Crypto investment provider NYDIG raised an additional $100 million in growth capital earlier this week. The new funding round featured MassMutual, Stone Ridge Holdings, New York Life, and Liberty Mutual Insurance, among others as strategic partners. This follows the investment Read More

Bitcoin Miner Riot Blockchain Invests $780 Million to Expand Operations  | Bitcoinist.com

Bitcoinist

Bitcoin mining firm Riot Blockchain announced its milestone purchase of $138.5 million in mining equipment this Wednesday. In a statement, the company announced that it will be purchasing 42,000 units of Bitmain’s Antminer S19J for $3,300 per unit. The standard Read More

Boom for Bitcoin as Macro Analysts Stick to Their Bearish Dollar Calls | Bitcoinist.com

Bitcoinist

Bitcoin and the US dollar have stopped caring about their inverse correlation heading into 2021. The flagship cryptocurrency closed the first quarter more than 100 percent higher as more and more institutions became accustomed to its safe-haven characteristics. For instance, Read More

Many Bitcoin Analysts Call For Rally Beyond $70,000; Here’s Why | Bitcoinist.com

Bitcoinist

Bitcoin traders and analysts are sticking to their conviction that the cryptocurrency’s price will hit at least $70,000 in the coming sessions. At the core of their upside outlook lies a classic technical indicator. Dubbed as Ascending Triangle, the pattern Read More

Grayscale Bitcoin Trust to Convert to an ETF, Premium Remains Negative: What’s Next? | Bitcoinist.com

Bitcoinist

Earlier this Monday, Grayscale Investments announced its plans to transform Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund. Up until recently, GBTC was one of the only investment funds for institutions and retail investors alike. Amidst growing competition, however, the Read More