Bitcoin Financial News

Looking for the best crypto to buy right now and you could be spoilt for choice after bitcoin powered 10% higher yesterday.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject

Many traders frequently express some relatively large misconceptions about trading cryptocurrency futures, especially on derivatives exchanges outside the realm of traditional finance. The most common mistakes involve futures markets’ price decoupling, fees and the impact of liquidations on the derivatives instrument.

The price per Bitcoin [BTC] grew by 5.16% in the last 24 hours, and stood at $21,612.76 as per data from CoinMarketCap revealed. The king coin was impacted by the broader financial assets market drawdown. This led to the price falling by 12% in August alone. 

MicroStrategy is one of the largest institutional investors in Bitcoin. The chairman of the software developer company, Michael Saylor, is a Bitcoin maximalist and has vowed not to sell the company’s Bitcoin holdings despite the notable decline in Bitcoin prices. Bitcoin has lost around two-thirds of its value since reaching an all-time high in November last year.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject

Bitcoin’s genesis in 2009 will probably go down in history as one of the most notable technological events of all time. Demonstrating the first real use case for the immutable, transparent and tamper-proof ledgers — i.e., blockchain — it established the cornerstone for developing the crypto and other blockchain-based industries. 

Bitcoin [BTC], the largest cryptocurrency rose past its fears as it traded above the $21k mark. Needless to say, the surge injected a much-needed relief to BTC holders be it traders or long-term investors.

Bitcoin (BTC) sought to overturn August resistance on Sep. 10 as whale buy-levels dictated BTC price action.

Blockchain developers have slowed down their contributions to top crypto projects amid the lingering market downturn, with Bitcoin and Ethereum experiencing a decline of over 30% in developer activity over the past three months. 

MicroStrategy, the largest institutional Bitcoin (BTC) buyer, entered an agreement with two agents — Cowen and Company and BTIG — to sell its aggregated class A common stock worth $500,000,000, reveals Securities and Exchange Commission (SEC) filing.

Bitcoin [BTC] miners have been faced with harsh realities lately. The worst part is that it doesn’t seem to get any easier as these difficulties look too strong to handle.

gold. Bitcoin is often referred to as “digital gold” by supporters who feel it can provide a store of value just like bullion. Similarities like limited supply and worldwide acceptance show that Bitcoin is on the path to becoming an attractive option but it has to undergo its own trajectory to emerge as a strong competitor to gold. Earlier this year, Goldman Sachs in a note made a strong pitch by comparing Bitcoin to gold. The note said Bitcoin could be the new gold and in the coming years, it has the potential to grow 2.5 times its current value. The note further added that the organisation sees Bitcoin as having applications beyond a store of value. By definition, a store of value is an asset that has the potential to maintain its value over time, such as oil and precious metals. It is important to understand why Bitcoin is being compared to gold in the first place. Both gold and Bitcoin are in limited supply. While gold has been in use for centuries, it is available in a finite supply. Similarly, the total number of Bitcoins that can be mined is exactly 21 million, ensuring its perpetual scarcity as demand rises.

Cosmos [ATOM] has hit the highest point in price since it traded at $15.70 on 8 May. Dubbed as the ‘economy of the future”, ATOM had kept its investors wondering if they had any bright hope as it was far from its All-Time High (ATH) of $44.45. However, the recent situation seems to have calmed the storm.

Securities and Exchange Commission (SEC) Chairman Gary Gensler spoke about cryptocurrencies in his latest speech. He reiterated his stance on the crypto market and its definition as a security. The event was co-chaired by the SEC Director of the Division of Enforcement, Gurbir Grewal.

The crypto market has just added $50 billion in a lightening-fast recovery from what some market watchers were fearing might be the start of the next leg down in a revisiting of the year's lows.

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.

Bitcoin (BTC) has been in a rut, and BTC’s price is likely to stay in its current downtrend. But like I mentioned last week, when nobody is talking about Bitcoin, that’s usually the best time to be buying Bitcoin. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

The correlation between Bitcoin (BTC) and stock markets has been unusually high since mid-March, meaning the two asset classes have presented near-identical directional movement. This data might explain why the 10% rally above $21,000 is being dismissed by most traders, especially considering S&P 500 futures gained 4% in two days. However, Bitcoin trading activity and the derivatives market strongly support the recent gains.