Bitcoin (BTC) is consolidating around $63,000 after buyers failed to sustain a price bounce over the weekend. The cryptocurrency is displaying signs of upside exhaustion on the charts, which suggests further downside is likely, albeit limited toward the $57,000-$60,000 support zone. The relative strength index (RSI) on the four-hour chart (see above, featured image) registered […]
Galaxy Digital Reports Q3 Earnings of $517M
Galaxy Digital (TSX: GLXY), the publicly listed cryptocurrency conglomerate helmed by Mike Novogratz, saw its third-quarter income grow to $517 million, according to a Monday earnings release. That’s an increase of 1,146% from the $41.5 million the firm made in 2020′s third quarter. In addition, Galaxy said preliminary income for the fourth quarter of this […]
Bitcoin Still a Risk-Asset Despite Last Week’s Inflation-Led Rally, TradeFi Experts Say
The “bitcoin is an inflation hedge” drumbeat is growing louder, as the cryptocurrency tapped fresh record highs near $69,000 last Wednesday, after the U.S. reported inflation at a three-decade high. That was perhaps the first time the decade-old cryptocurrency traded as a store of value asset in response to economic data bolstering fears of price […]
Indian Government to Take ‘Progressive’ Steps on Crypto, Sources Say After PM Modi’s Meeting
While the Indian government is cognizant of risks associated with cryptocurrencies, it intends to take “progressive” and “forward-looking” steps on the matter, sources told Indian news agency Asia News International (ANI) after Prime Minister Narendra Modi chaired a meeting on cryptocurrencies’ future in the country. “It was strongly felt that attempts to mislead the youth […]
How Far We’ve Come (And How Much Stayed the Same)
Today’s show is from a time before the trillion (or even billion) dollar market cap; Before Vitalik had ever spoken the word Ethereum; Before taproot, segwit, stock-to-flow and the institutional investing thesis. In the early days, Bitcoin was the absolute state of the art and the basis for an entirely new and utterly revolutionary form […]
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