bullish

Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending

Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending

Shares of Silvergate are down 42% this year, though they’ve jumped 33% over the last week. The VanEck Digital Transformation ETF (DAPP), which holds a basket of various crypto stocks including exchange Coinbase (COIN) and miner Marathon Digital (MARA), has fallen 67% this year, but risen 15% over the last week. Rising rates and recession …

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Bullish or bearish? Maker could see these levels in the coming week

Bullish or bearish? Maker could see these levels in the coming week

Since its ATH in may last year, Maker (MKR) has been on a persistent decline. On its daily chart, the alt witnessed an 11-month trendline resistance that served as a strong selling point to date. From here on, MKR would likely continue its patterned oscillation and eye to retest its trendline resistance before falling towards …

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Miami Mayor explains why he's bullish on Bitcoin mining in Florida

Miami Mayor explains why he’s bullish on Bitcoin mining in Florida

In August 2021, the USA held the majority of the world’s average monthly hashrate share for Bitcoin. As a natural extension of this, different American states are vying for a larger slice of the Bitcoin adoption pie – be it Bitcoin mining or Bitcoin on the balance sheet. During an episode of the What Bitcoin …

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Bitcoin’s Bullish Trajectory Intact, but December Jump to $100K Looks Unlikely: Analysts

Bitcoin’s Bullish Trajectory Intact, but December Jump to $100K Looks Unlikely: Analysts

Bitcoin needs to chart a 77% rally in the next four weeks to reach the widely forecast year-end value of $100,000. While analysts are bullish on the cryptocurrency, they don’t foresee a rally to six figures in the short term. “The latest Commitment of Traders report shows net-long positioning on the Chicago Mercantile Exchange, with …

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Market Wrap: Bitcoin Hovers Around $27K While ETH/BTC Pair Goes Bullish

Market Wrap: Bitcoin Hovers Around $27K While ETH/BTC Pair Goes Bullish

Bitcoin has mostly traded in a tight, low-volume range Monday while some profit-taking from bitcoin into ether is appearing on the ETH/BTC charts. Bitcoin (BTC) trading around $26,822 as of 21:00 UTC (4 p.m. ET). Gaining 2.3% over the previous 24 hours. Bitcoin’s 24-hour range: $25,759- $27,447 (CoinDesk 20) BTC very near its 10-hour and …

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Blockchain Bites: Billionaire Bullish on Bitcoin, Updates on Fowler's Crypto Capital Case and More

Blockchain Bites: Billionaire Bullish on Bitcoin, Updates on Fowler’s Crypto Capital Case and More

Another billionaire investor disclosed his bitcoin bags. The Silvergate Exchange Network added another exchange member. Riot Blockchain, a publicly traded bitcoin mining firm, recorded bumper revenues with plans to expand. Top shelf Billionaire’s bitcoinBillionaire U.S. investor Stanley Druckenmiller, who just weeks ago was said to be shorting the dollar, is long on bitcoin. In a …

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Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish

Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish

Despite Tuesday’s sudden price decline, miner flows suggest the bitcoin market remains strong. The biggest cryptocurrency by market value fell 8% from $10,137 to $9,298 in less than 5 minutes during Tuesday’s U.S. trading hours, dashing hopes for a continued upward move.  The price drop, however, has not deterred miners from running down their inventory.  …

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Ethereum, Stellar lose momentum while Decred sees bullish revival

Ethereum, Stellar lose momentum while Decred sees bullish revival

The cryptocurrency market underwent a decline which drove the collective market cap to $246 billion, at the time of writing. Following this, Bitcoin fell below $9,000-mark while its dominance also took a minor plunge to 65.6%. Source: CoinStats At press time, BTC was being traded at $8,797 after a slump of 5.06% over the past …

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