Fundamental view: Bitcoin traded higher despite greenback showing strength. Bitcoin received a major tailwind as FTX announced a $450,000 grant to Brink, a developer community, on August 13. Launched in 2020 with funding from big names in cryptocurrency markets like the Human Rights Foundation, Square Crypto and crypto exchange Gemini, Brink helps Bitcoin’s open-source developer [...]
Fundamental view: Bitcoin has shown an uptrend against greenback in the previous week. Despite the recent crashes, Bitcoin adoption continues to progress. The President of Argentina, Alberto Fernandez, expressing his views on how Bitcoin can combat inflation with a local media outlet on August 12, this helps the Bitcoin's uptrend. Singapore’s largest bank - DBS [...]
Fundamental view: Bitcoin has shown an uptrend against the greenback in the past week. Because of the Chinese laws around digital currency mining, the miner exodus had a major impact on the Bitcoin hash rate, miners, and the mining equipment producers. After weeks of migration to mining-friendly countries, Bitcoin miners had made a comeback. The [...]
Fundamental view: Bitcoin remains bullish against the greenback in this week. 21st Paradigm co-founder Dylan LeClair said that on-chain data shows “big transfer volumes from over-the-counter (OTC) desks over the last week.” whereas US central bank left its monetary policy unchanged which was expected and the economy continued to progress but noted that “substantial further [...]
