Blockstream CEO Adam Back recently said that institutional money is not needed to propel Bitcoin (BTC) to $300,000 within five years. This is partially because the current financial situation could drive retail traders to look for alternative investments to preserve the value of money in a time where there is a lot of money printing across the world. This is likely to create enough demand from retail traders to start the next mega bull run in the top-ranked cryptocurrency on CoinMarketCap. A strong resistance level that has held on two or more occasions and resulted in a major reversal can …

The tensions between the United States and China have escalated once again. This is bad news for the global economy, which is currently witnessing one of the worst crises since the Great Recession. If either the U.S. or China does not keep up its part of the trade deal, this could make matters worse. Scrapping of the Phase I trade deal could ultimately result in a huge sell-off in global equity markets. If uncertainty persists, investors might consider taking shelter in safe-haven assets like gold and Bitcoin (BTC), the top-ranked cryptocurrency on CoinMarketCap. History also favors a Bitcoin rally as …

Although the Bitcoin (BTC) halving generated a lot of interest proceeding the event, it has failed to kickstart a trending move after completion of the event. This suggests in hindsight that the event was priced in. However, the top-ranked cryptocurrency on CoinMarketCap has not given up much ground following the event, which suggests that traders who purchased before halving are confident that the path of least resistance is to the upside. Crypto market data daily view. Source: Coin360 While Bitcoin has been consolidating in the past few days, the action has shifted to altcoins whose market capitalization has risen from …

Institutional demand for Bitcoin remains high, even as the price turned down after the block reward halving. Some in the space believe that if institutional and retail demand picks up, there will be a severe shortage of (BTC), which can quickly push its price higher. A small example can be seen in the way crypto fund manager Grayscale Investments has been lapping up Bitcoin, the top-ranked cryptocurrency on CoinMarketCap. Since the halving, Grayscale alone has bought about 150% of the newly mined Bitcoin. If this pace of purchasing continues for a few more weeks, traders’ sentiment could turn decidedly bullish. …

Although Bitcoin (BTC) has weathered the current crisis and come out on top, Goldman Sachs only focused on the March 12 fall in a presentation to its clients. Using liberally interpreted information, Goldman appears to be discouraging their clients from diversifying their portfolios with Bitcoin allocations. Luckily, there are a few large players who understand the potential of cryptocurrencies. Kingdom Trust, a financial custodian that manages more than $13 billion in assets, has launched a retirement account dubbed “Choice”, which offers an opportunity to its clients to invest in the top-ranked cryptocurrency along with other traditional assets. Daily cryptocurrency market …

Bitcoin (BTC) has neither run away nor plunged following its halving, which suggests that history might be repeating itself. After the first halving, the top-ranked cryptocurrency on CoinMarketCap moved up only by 7% after a month. After the second halving the price dipped 10% during the same period. However, the important thing to note is that both the halvings were followed by strong bull runs. Therefore, even if history doesn't repeat itself it could still offer handsome returns to investors at a time when the global economies are staring at their worst recessions in decades. Daily cryptocurrency market performance. Source: …

The institutional interest in Bitcoin (BTC) has increased in the past few months, according to data from Grayscale Bitcoin Trust. If the trend continues at the same pace, by March 2021, GBTC would have purchased 75% of the newly mined Bitcoin during the period. By that time, its total holding of the top-ranked cryptocurrency on CoinMarketCap would increase to 3% of the total circulating supply. If this happens, it could be a huge sentiment booster for investors who believe institutional investment is the key for mass adoption. Crypto market data daily view. Source: Coin360 Reddit co-founder Alexis Ohanian has said …

For some reason, Bitcoin (BTC) analysts never take the middle path. They either project that the price will go to the moon or warn of imminent doom. After surviving and thriving for over a decade and being one of the best assets to own during the current crisis, any doubts about its longevity should be put to rest. On the other hand, for the top-ranked cryptocurrency on CoinMarketCap to replicate the previous bull run, it would first need to break out to new lifetime highs. There are several intermittent resistances between the current levels and the lifetime highs that need …

While retail traders fret over whether Bitcoin (BTC) will break above $10,000 or not, the institutional players silently continue to build positions. On May 19 major digital asset management fund Grayscale tweeted that its assets under management had increased over 80% from $2.1 billion to $3.8 billion over the period of one year. This suggests that institutional money is gradually flowing into cryptocurrencies. The majority of the investment was done in Bitcoin, the top-ranked cryptocurrency on CoinMarketCap. Usually, institutional investors take a long-term view and are not perturbed by the short-term swings. Daily cryptocurrency market performance. Source: Coin360 Similarly, the …

Several economies around the globe are lifting lockdown restrictions that have been in place for the past few weeks. This will enable businesses to gradually get back on track and investors are also closely watching the various coronavirus vaccines that are in developmental stages. Any positive news on this front is likely to boost sentiment. As the globe is flush with liquidity, any improvement in sentiment could drive traders into risky assets in order to generate strong returns to make up for this year’s losses. Bitcoin (BTC) has done exceedingly well during the crisis, which is likely to attract the …

The coronavirus pandemic has crippled the United States’ economy, which is staring at its worst recession since the Second World War. To counter this, the U.S. Federal Reserve has pumped trillions of dollars into the economy. These measures are may result in hyperinflation in the future. Therefore, investors are buying gold and Bitcoin (BTC) to hedge their portfolios. Crypto market data daily view. Source: Coin360 The top-ranked cryptocurrency by market capitalization has generated increased participation from institutional investors, according to numbers reported by the Chicago Mercantile Exchange. Contrary to the expectations of a few analysts, BTC has remained strong post-halving …

A month after the first halving, Bitcoin (BTC) moved up by 7% but following the second halving, the price slipped by 10% in a month. This suggests that if history were to repeat itself, the top-ranked cryptocurrency on CoinMarketCap will remain volatile but a large move in either direction is unlikely in the first month. However, the derivatives markets could be giving a signal that this time is different. This week CME Bitcoin options open interest increased to about $142 million, an increase of over 1000% since the end of April, according to data from Skew. This shows that the …