Mike McGlone, an analyst at Bloomberg Intelligence, believes that in terms of the long-term time horizon, restrictions on bitcoin mining in China may eventually play to the advantage for the growth of the price of this asset. From his point…
Michael Saylor, CEO and founder of MicroStrategy, criticized China for its current policy on Bitcoin (BTC) mining. In his opinion, this mistake will cost the Celestial Empire “a trillion dollars. In an interview with Bloomberg Technology, renowned crypto-enthusiast Michael Saylor…
It’s time for big players in the financial world to think about how to enter the cryptocurrency market, Morgan Stanley Bank experts said The institutionalization of cryptocurrencies offers “great opportunities” for asset managers. This opinion was expressed by analysts at…
Cryptocurrency exchange Huobi closed access to cryptocurrency derivatives for Chinese clients. The new conditions are spelled out in the user agreement The new version of the user agreement states that the cryptocurrency exchange has added China to the list of…
Bitcoin (BTC) reached a local low on June 8 at $31,000 and began a correction from the support level. The next day a bullish absorption candlestick pattern formed on the charts and bitcoin tested the high at $37,682 Technical indicators…
At least four out of five onchain indicators hint at a capitulation among ether cryptocurrency (ETH) hodlers, according to Santiment Holders of the cryptocurrency ether (ETH) seem to have been unable to withstand the cryptocurrency’s short-term price drop below $2,500.…