Tag: Bitcoin (BTC)

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Crypto

Bitcoin (BTC) Price Soared Thanks To The Recent Increased Interest In Cryptocurrencies Market

After a long time of being characterized by falls in prices of crypto coins, the cryptocurrencies investors and holders celebrate the rise in the prices of the digital assets on the cryptocurrencies market. In the last hours, all the cryptocurrencies had a constant growth. Bitcoin (BTC), in special, increased by 4% in the last 24 hours.

From December to January, the cryptocurrencies market was only trying to stabilize but until February almost all the crypto coins experienced one of their biggest falls ever.

In total, the cryptocurrencies market went down from $500,000 million to $248,000 million.

Bitcoin (BTC) price shot up in just 1 hour

For example, recently, Bitcoin (BTC), in just one hour, jumped from about $7,000 to above $8,000, this being a price that hasn’t been seen since March.

On the other hand, Ethereum (ETH), the 2nd crypto coin in the world by market cap, increased by more than 6% in the last 24 hours, trading right now around $523.

The Bitcoin (BTC) is currently trading at exactly $8,275.57, registering an increase by about 4%.

This price increase is a bit difficult to explain but everything points to that it is due to the interest of several big investors. Another reason is that there may be entries from private companies.

Some of the possible reasons why Bitcoin (BTC) price soared

George Soros and Venrock Venture Capital, from the Rockefeller investment group, bought Bitcoin (BTC), apparently, as part of their cryptocurrencies investment plans.

In addition, Yahoo Japan announced that it will buy 40% of BitARG, a cryptocurrencies exchange, based in Tokyo. Of course this fact caused new investors to enter the market.

Also, as it is so difficult to understand how the world of cryptocurrencies works, a new Japanese music female band decided to explain how the cryptocurrencies market operates through music. The women, nicknamed after crypto coins,  talk about issues such as data mining and some investment advice that buyers should follow and they do it via the lyrics of their songs.

All these facts seem to helped Bitcoin (BTC) price, in special, to rise up and the cryptocurrencies market, in general, to stabilize.

Categories
Crypto

Bitcoin (BTC) Prices Continue To Consolidate

Bitcoin (BTC) prices continued to move in a range close to their support zone and consolidated because of the lack of support for the price as this movement has kept prices close to the minimums in their range.

The bulls need to do something very soon and clarify their intentions because, otherwise, the bear traders would leave their positions and get off market if they won’t notice gains with their opened bullish positions.

This will most probably be the trending for the bear traders if the BTC price’s consolidation continues to drag on for a long period of time and this would be something the traders should protect their investments against.

The value of BTC has not been capable to keep the gaining uptrend above the $7,000 level and this trend has to be an issue the bulls.

Bitcoin (BTC) prices continue to consolidate

The price consolidation is not only affecting the trading value of BTC but it seems that all the cryptocurrencies market is affected by similar conditions.

On the other hand, the USD was not too strong at this time, so it’s still a big surprise that the cryptocurrencies market wasn’t capable of gaining momentum today and score huge gains against the Dollar.

However, this proves the sentiment that was characterizing the Bitcoin (BTC) market and the crypto market, in general, at this time because the speculations and fast traders become fewer and fewer on the cryptocurrencies market, as this market started to maturate more.

Forecasts regarding Bitcoin (BTC)

Looking ahead for today and tomorrow morning, there are not notable predictions to make on the cryptocurrencies market and most probably more consolidation and in-range prices movements are expected. However, it is possible that the Bitcoin (BTC) support level to be under pressure, once again, and, thus, the investors and traders should keep an eye on the market and be alert on the price movements.

Categories
Crypto Economy

Bitcoin (BTC) Trading Attracts George Soros, The Rockefeller Family, And The Rothchild Family

After the strong correction of more than 60% experienced by the Bitcoin (BTC) cryptocurrency since its peak during last December, the time has come for the big sharks to join the frenzy. At least three of the most prominent members of the financial “royalty” believe in Bitcoin’s rise, as, in recent days, news emerged that George Soros, the Rockefeller family, and the Rothschilds are ready to make big investments in Bitcoin (BTC).

George Soros changed his mind in just three months

This news comes just three months after Soros himself described Bitcoin (BTC) as a bubble.

Now, Bloomberg revealed that Adam Fisher, the manager of the global macro investments of the Soros’ funds, has received authorization to trade cryptocurrencies but has not yet made any investments, according to the sources.

Also, the Rockefeller family would have plans to get on the wave of cryptocurrencies

As published by CoinTelegraph, the Rockefeller family’s venture capital fund, Venrock, has partnered with the CoinFund platform to not miss the boom of both cryptocurrency and the blockchain technology itself.

In this sense, David Pakman, partner of Venrock, told for Fortune that they are “very patient, (…) long investors and (…) wonder what will happen in the next five to ten years.”

The Rothchild family is buying Bitcoin (BTC) since the last year

In this way, both George Soros and Rockefeller follow the steps that the Rothchild family took last year when they decided to enter in the cryptocurrency investments world by buying Bitcoin (BTC) through the Grayscale Bitcoin Trust, according to their annual report.

Thus, it seems that the elites of the finances universe begin to believe that the cryptocurrencies market problems have passed after the strong correction experienced since December. In fact, Bitcoin (BTC) is a cryptocurrency par excellence, which is now trading above $6,800, while right before last Christmas it was touching the $20,000 mark after its debut in the futures market in Chicago.

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