Ethereum broke up bullishly from a daily inside bar at 10 a.m. EST on Tuesday and by midafternoon was attempting to hold above Monday’s high-of-day price. The former Goldman Sachs executive and Real Vision founder and CEO Raoul Pal in an interview with Hedgeye CEO Keith McCullough said the “flippening,” when Ethereum’s market cap will…
Will The Ethereum-Bitcoin ‘Flippening’ Happen During This Cycle? Here’s What The Chart Says
Citigroup Sprucing Up Crypto Division With 100 New Hires
Citigroup is going to hire 100 new roles to task its institutional digital assets division that includes blockchain and digital currencies in a push to tap into a sector that has lately been gaining mainstream appeal. The team will be led by Puneet Singhvi, head of blockchain at Citi’s global markets operation. Singhvi will be…
Bitcoin Slips Below $60,000 for the First Time in More Than Two Weeks
November 16, 2021
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Bitcoin, the world’s biggest and best-known cryptocurrency, slipped below $60,000 on Tuesday, taking losses from a record high of $69,000 struck on Nov. 10 to more than 12 percent. Bitcoin was down 5 percent at $60,391.3 at 1253 GMT, after earlier falling as much as $58,563, its lowest since Oct. 28, while Ether, the second-biggest…
Miami to Become First City to Give ‘Bitcoin Yield’ From MiamiCoin to Its Citizens
Miami will soon become the first city in the United States to give its residents some of the gains from its new cryptocurrency, Mayor Francis Suarez said Thursday. Speaking during an interview with CoinDesk TV, Suarez said the city is creating a way to make digital wallets for citizens to distribute the “bitcoin yield.” “We’re going to be…
‘Relentlessly Up’: Bitcoin, Ethereum Hit All-Time Highs
Market-leading cryptocurrencies Bitcoin and Ethereum suddenly spiked to new highs on Wednesday. What Happened Bitcoin added $2,000 to its price within minutes, as a large green candle sent the leading digital asset to a new high of $68,789. Ethereum quickly followed suit with its own all-time high of $4,851. The cryptocurrency traded as high as…
Bitcoin, Ether Hit All-Time Highs as Momentum Accelerates
NEW YORK/SYDNEY—Bitcoin and ether hit record peaks on Tuesday, with enthusiasm for cryptocurrency adoption and worry about inflation driving momentum and flows into the asset class. Though both virtual currencies pulled back from their highs in the U.S. session, their trajectory was clearly headed higher. Bitcoin rose as high as $68,564.40 and was last down…
Every Major Financial Institution Will Think About Trading Cryptocurrencies Within Next 3 Years: Former Citigroup CEO
November 9, 2021
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Every major financial institution will be thinking about trading cryptocurrencies within the next few years, according to Vikram Pandit, chairman of The Orogen Group and former chief executive officer of Citigroup Inc. Speaking at the Singapore Fintech Festival event, Pandit told Bloomberg that in “one to three years, every large bank and/or securities firm is going to…
Crypto Market Nears $3 Trillion Milestone on Bitcoin and Ethereum Record Surge
November 9, 2021
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Cryptocurrency market capitalization neared the $3 trillion mark on Nov. 9 as the two biggest cryptocurrencies—Bitcoin and Ethereum—were trading just off their all-time highs, according to data from CoinMarketCap. Bitcoin surged past the $68,000 mark for the first time on Monday, briefly touching a record high of around $68,500, according to Coinbase, with the world’s…
Crypto Rally Sends Ethereum to New High, Bitcoin Near Record Price, Ahead of Inflation Data
Cryptocurrencies started the week off on a solid footing, with Ethereum vaulting on Nov. 8 to a new record high and Bitcoin trading close to its all-time high, ahead of a closely-watched inflation data release later in the week. Ethereum was trading at $4,730.38 on Coinbase at 7:31 a.m. New York time, after a sharp…
Quantitative Analyst PlanB Predicts Bitcoin Price May Increase by 700 Percent by 2022
Quantitative analyst PlanB says that Bitcoin BTC will see a hyperbolic surge early next year, where it will outperform all other assets. What Happened In a recent interview with Anthony Pompliano, PlanB says that BTC can ascend by 700 percent by early next year. “I guess we will be above $100,000, above $135,000 at the…
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