Former Canadian PM says Bitcoin can be one of the world’s reserve currencies

Stephen Harper sees Bitcoin alongside gold and the US dollar as a viable global reserve asset. Bitcoin to the moon Bitcoin proponents must be so excited after a blockbuster year. The asset saw widespread adoption by investment funds, traditional finance participants, family offices, and tech funds, and set new all-time highs in December, a figure…

Analysts explain why Bitcoin is primed for a rally back to $40k and higher

The price of Bitcoin is hovering under $37,000 after the correction from $40,000 in the past 72 hours. Trader Peter Brandt believes BTC would either face a “complicated” correction or see a broader rally. Brandt, a long-time trader, pinpointed the daily price chart of Bitcoin to explain that the range is tightening. When the range…

Analyst on why Bitcoin and crypto may be in the midst of a “mini bear market”

If you look at Twitter, it may appear that the crypto market is anything but bearish. Friday and Saturday were marked by extremely strong rallies in the prices of altcoins, despite consolidation in the two leading cryptocurrencies. Many small caps, medium caps, and even large-cap altcoins enjoyed gains of 10-50 percent yesterday, resulting in a…

Wall Street investor advises more investors to put a few percent into Bitcoin

A large narrative over the past few months is the introduction of institutional capital to the Bitcoin space. It began in 2020 with Paul Tudor Jones, a billionaire Wall Street investor who put a few percent of his fund into BTC futures. He did this in preparation for the May halving, writing that Bitcoin’s scarcity…

Is Bitcoin price manipulation by whales a real thing?

The Bitcoin paradox presents something of a predicament. On the one hand, Bitcoin sells itself as a financial equalizer. But at the same time, it’s one of the world’s most unequally distributed assets. David Lin, of Kitco News, raised this point in discussion with the Director of Research at GraniteShares, Ryan Giannotto. Giannotto agreed with…

Singapore trading desk explains what is driving the ongoing Bitcoin bull market

Bitcoin has undergone an extremely strong rally over recent months, despite the ongoing drop. The cryptocurrency, which trades for $36,000, is up around 100 percent in the past six weeks, and even more over the past six months. Other cryptocurrencies aside from BTC have also done well. Chart of BTC’s price action over the past…

Mayor Francis Suarez talks benefits of buying Bitcoin for Miami’s city treasury

The official has spearheaded progressive regulations for the East coast city. And he’s now turning his attention towards Bitcoin. Bitcoin for Miami! Miami Mayor Francis Suarez teased a Bitcoin purchase earlier today, as per a tweet. This was not intended for his personal account, however, with Suarez stating that Miami’s treasury funds could find their…

Alpha Alarm: The Bitcoin outlook

This analysis was brought to you by Alpha Alarm, a Substack newsletter featuring daily crypto analysis. You can subscribe here. The market sentiment around Bitcoin is improving once again. Bitcoin strongly recovered from $30,500, solidifying it as a major support area. Oaktree’s Howard Marks, who was a Bitcoin skeptic for a long time, has become…

Gemini’s crypto exchange could join Coinbase in going public

Hot on the heels of Coinbase, New York-based rival crypto exchange Gemini could also be going public. Encouraged by a swell tide of interest in crypto, Co-Founders Cameron and Tyler Winklevoss told Bloomberg they are open to the idea. “We are definitely considering it and making sure that we have that option. We are watching…