Institutions Continue Hodling Bitcoin as Over 40% of Supply Remains Unmoved for Years
Grayscale and MicroStrategy, along with other institutions, are hodling Bitcoin even though the coin supply is lower than its demand.
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Grayscale and MicroStrategy, along with other institutions, are hodling Bitcoin even though the coin supply is lower than its demand.
Coinbase has unveiled its borrowing service which will go live later in the fall. Customers will get access to up to 30% of their BTC holdings.
Swipe on its official blog has announced that it is waiving the 1% commissions for purchase/sell and transaction of cryptocurrencies. Not only commissions are gone, but Swipe cards are also fee-free and are shipped with no cost.
Cryptocurrencies are still correcting before another attempt to start a new bullish impulse. In charts of many cryptoassets, they are forming a Triangle pattern, a breakout of which to the upside may lead to the continuation of the current trend.
After climbing an impressive $440 open interest in June, CME Bitcoin futures recently hit a new record high. Deribit has larger figures.
On August 2 the price on Ethereum hit an all-time high of $420. Despite the rapid ETH price fluctuations investors are still very optimistic about its future.
As a result of the announcement by MicroStrategy about purchasing BTC, the company’s shares jumped 9.12% yesterday.
A few hours before the weekly open Bitcoin’s price crashed.
According to Garlinghouse, it’s a matter of time before the cryptocurrency phenomenon becomes globally accepted because many people have lost confidence in fiat already.
If you are one of these traders who are looking for crypto exchanges, this article is for you.
Celebrities and high-profile public figures such as members of the Dragon’s Den, Piers Morgan, James McAvoy, Elon Musk, Richard Branson, and Martin Lewis are used excessively by Bitcoin scammers for promotional purposes.
Patricia Technologies is one of Nigeria’s foremost digital asset trading platforms. With a luxury debit card offering among other options, the company creates unique trading experiences for its many customers.
The “August Crypto Outlook” by Bloomberg revealed that the Bitcoin rally is more trustworthy than that of Ethereum, which is said to be “more speculative”.
On Thursday, August 6, BTC has stopped growing, waiting for new catalysts. It is generally trading at $11,745.
Bitcoin has been stable during the economic crisis. According to crypto economy expert Renato Rodríguez, this digital asset could be a solid solution to face the 2020 crisis.