Fundamental view: Bitcoin showed bullish trend this week. Widespread adoption of the big crypto underpins the bullish trend. One area where the Bitcoin adoption is expanding is municipal asset. Miami and its Mayor Francis Suarez are about to take Bitcoin adoption to a new level by announcing that every citizen with a digital wallet will [...]
Fundamental view: Bitcoin hovered around $60k this week. This hovering indicates reduced volatility and might be an indication of the explosive move. Bitcoin enjoyed a bullish outlook in October after the anticipation of the approval of an ETF. Given that the products approved by the SEC were futures and not spot, the BTC community was [...]
Fundamental view: Bitcoin has raised above $60000 this week after a fall on oct 27. Bitcoin price got a great help as the SEC began approving Bitcoin ETFs. But the hype seems to have got vanished after leaving BTC high and dry. Whereas MicroStrategy CEO, Michael Saylor took advantage of the recent dips in Q3 [...]
Fundamental view: Bitcoin gained against the greenback in this week. Bitcoin price took off as rumors of an ETF approval gained momentum. On October 21, ProShares’ Bitcoin futures ETF (BITO) was debuted on the NYSE. While the regulators had delayed the approval since 2017, things have started to improve considerably in 2021, from real institutional adoption to approval of Bitcoin [...]
