Archives of “BITCOIN” category

rss

Bitcoin jumps as Visa is reportedly said to allow payment settlements using cryptocurrency

  
Analysis, BITCOIN

Reuters reports on the matter

Bitcoin
Visa is said that on Monday, it will allow the use of cryptocurrency USD Coin to settle transactions on its payment network. The report headline may be a bit of a stretch since this actually only covers USDC.
However, Visa’s acceptance of the stablecoin in general – this one is pegged to the US dollar and runs on Ethereum and Algorand blockchain – is a positive sign for the rest of the cryptocurrency industry at least.
Bitcoin has jumped from $56,250 to just above $57,000 on the headlines.

$806m Bitcoin transfer registered … institutional flow?

  
Analysis, BITCOIN

Noting this item on financial sites (here’s a link, there are others also)

  • data point extracted from the Bitcoin blockchain
  • $806 million worth of the cryptocurrency apparently transferred earlier in the day off of the Coinbase exchange’s institution-focused unit, Coinbase Pro
  • 14,666 BTC were moved off the exchange during the early U.S. hours in a small number of transactions.
  • outflow was split into multiple wallets
BTC update:
Noting this item on financial sites (here's a link, there are others also) 

Here’s a BTC opinion – Bitcoin could surge to $300,000 then drop 90%

  
Analysis, BITCOIN
#  #  #  #  #  #  #

Comments from Bobby Lee, co-founder and former CEO of crypto exchange BTCC to CNBC Monday afternoon US time.

  • could soar as high as $300,000 in the current bull market based on its historical patterns
  • (he does add that he was not sure if history would repeat itself)
  • “Bitcoin bull market cycles come every four years and this is a big one”
  • “I think it could really go up to over $100,000 this summer.”
  • warned the bubble will burst after peaking
  • a “bitcoin winter” that could last for years … following its bull run
  • Investors should be aware that bitcoin’s value could fall as much as 80% to 90% of its value from the all-time peak
BTC has dropped in past hours, maybe traders didn’t see the 300K forecast before the 90% drop bit?
Comments from Bobby Lee, co-founder and former CEO of crypto exchange BTCC to CNBC Monday afternoon US time.
Go to top