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1238 days ago

Is Bitcoin ready for a pause?

The move of Bitcoin since mid October has been rather impressive. But with a possible shooting star in the making and BTC trading at the upper part of the channel, a short-term pullback looks likely - source: The Market Ear 

Bitcoin technicals

1238 days ago

Will Apple get into Bitcoin?

Some investors and industry leaders believe Apple will soon make a sizeable investment into Bitcoin. Indeed, MicroStrategy CEO Michael Saylor, former Goldman Sachs hedge fund manager Raoul Pal and Toroso Investments’ portfolio manager Dan Weiskopf are among the people who believe that Apple should invest a portion of its massive cash reserves in Bitcoin. Weiskopf laid out the case that an investment in Bitcoin between $10 billion and $20 billion would be more profitable in the long term than Apple’s plan of carrying on with “risky and expensive” stock buybacks. He said it would also be a prudent hedge against inflation. “I get that certain institutional shareholders might get twisted up by the purchase of Bitcoin, but we need to work through the math and the opportunity versus the stock buyback,” he wrote. With a market cap north of $2 trillion, Apple is the world’s most valuable company and has nearly $192 billion cash on hand, according to an earnings report released on October 29th - source: Coinbase

Apple to invest some of its cash reserves into Bitcoin?

1238 days ago

PayPal removes Waitlist for new crypto service, boosts weekly purchase limit to $20K

All eligible PayPal account holders in the U.S. can now buy, hold and sell cryptocurrency, the company announced Thursday. The firm also increased the amount of crypto that users can purchase in a week. “Due to initial demand from our customers, we’ve also increased our weekly cryptocurrency purchase limit from $10K/week to $20K/week,” PayPal spokesman Aaron Gould said Thursday.  As a remainder, PayPal operates more than 300 million accounts - source: Coindesk 

All eligible PayPal account holders in the U.S. can now buy, hold and sell cryptocurrency, the company announced Thursday.

1238 days ago

Chart of the day: despite Bitcoin’s abrupt 60% crash in March, the digital asset has massively outperformed gold throughout 2020

It has been a month since PayPal announced it would begin allowing crypto-trading through its platform and today that service went live. The big cryptos have rallied strongly since the announcement and extended gains on Thursday. Year-to-date, gold has seen gains of around 23%. In the same period, BTC recorded a 119% gain, rising from $7,165 to over $16,000 - source: www.zerohedge.com.  

Bitcoin and Gold performance year-to-date

1239 days ago

BREAKING - Bitcoin above 16,000 for first time since Jan 2018
Bitcoin passes $16k yet not a lot of short liquidations in the derivatives and futures market. Many on-chain indicators point toward an organic rally. Last week, many miners and whales sold / took profit as well. Strong demand, strong high time frame momentum. Source: Twitter. Chart source: @jsblokland
BREAKING - Bitcoin above 16,000 for first time since Jan 2018
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