Fundamental view: Bitcoin rallied against the US dollar during the trading course of the week. Optimism is bordering euphoria in the cryptocurrency market after documents pointed toward the eventual approval of Valkyrie’s Bitcoin (BTC) exchange-traded fund, or ETF, application by the United States Securities Exchange Commission before the end of the month. The Securities and Exchange Commission (SEC) [...]
Fundamental view: Bitcoin showed a uptrend against the greenback during the course of the week. Bitcoin adoption in 2021 has been increasing. From increased usage of BTC in El Salvador to rising BTC ATM installations and thus the future for Bitcoin looks bright. The adoption began with retail sector already, institutions have also started taking a look at BTC. [...]
Fundamental view: Bitcoin showed a uptrend against the greenback in this week. It cannot be forgotten that Bitcoin price took a massive hit on September 20 as the news of China banning cryptocurrencies spread like wildfire. The People’s Bank of China (PBOC) posted a circular that tightened the noose around mining and cracked down on the mining gray areas. The recent [...]
Fundamental view: Bitcoin showed a downtrend against the dollar in this week. The adoption of the Bitcoin remains strong but investors does not seem to be interested in it. This week, Twitter released an update providing Twitter users with a Strike account to tip BTC through the Lightning Network. While the rumors of this development [...]
