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 …

After Roger Ver posted a video of a Hong Kong vending machine accepting Bitcoin Cash (BCH) and not Bitcoin (BTC), trader and YouTuber Tone Vays claimed Ver paid for the vending machine to avoid accepting BTC. Ver denied such claims. Ver demoed a Honk Kong vending machine accepting BCH Ver, an outspoken proponent of BCH, posted a May 29 video on Twitter of a Hong Kong vending machine accepting BCH, Litecoin (LTC), Ethereum (ETH) and Binance Coin (BNB) — but not BTC. "There's no Bitcoin accepted at all," Ver said in the video, noting the coin's high fees and network …

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 …

In August 2008, an individual believed to be Bitcoin creator, Satoshi Nakamoto, purchased Bitcoin.org through an anonymous domain registrar. When Satoshi left the community, he entrusted control of the site to a number of impartial individuals. Since that time, Bitcoin.org has largely operated as an educational resource, helping newcomers to the space learn about Blockchain technology. However, following Theymos’ departure from the website in April, and news that its current administrator, Cobra, is looking to part with the website, the future for Bitcoin.org appears unclear. Cobra takes the helm of Bitcoin.org Bitcoin.org’s anonymous curator, Cobra, was announced as a co-owner …

A new kind of cryptocurrency tipbot allows users to pay others to answer their questions on social media, providing a new tool to pool data in the ecosystem. Liser Lee of CCTip told Cointelegraph that the system can help drive engagement or generate expert commentary. It lets users create a Twitter poll and automatically pay anyone who shares it with cryptocurrency, helping a poll gain more exposure and answers. The company is also considering a system pays the poll respondents instead. Other than Twitter, CCTip will also work on Telegram, Discord, WeChat and on Reddit as well. It supports 200 …

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: …

Yassine Elmandjra, a crypto asset analyst at ARK Invest, said in a May 24 tweet that the Bitcoin Cash (BCH) hashrate fell by 30% since its halving event, and only accounts for about 2% of the SHA-256 hashrate. Elmandjra now thinks it’s only a question of time before somebody takes advantage of the network: “Surprised we haven't seen a large scale attack yet.” According to data from BitInfoCharts, the Bitcoin Cash average daily hashrate fell by nearly 25.6% since its April 8 halving. Still, Elmandjra presumably did his calculations based on May 23 data, where the hashrate was down by …

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 …