Miners Signal Support for Bitcoin Taproot Upgrade
The new Bitcoin taproot upgrade will be implemented now that miners have signaled support.
Bitcoin (BTC)
Bitcoin is the most commonly known cryptocurrency. It’s a decentralized digital currency that is secure and private and can be used in transactions worldwide. It carries with it a number of pros and cons and is currently rather volatile.
In this section we discuss everything Bitcoin including how it works, what it’s worth, how you can “mine Bitcoin”, and more.
BTC and ETH Drop Over 50% From Highs
BTC and ETH crashed over 50% from their highs. That doesn’t typically happen in bull markets, yet crashes like this are rarely proceeded by more immediate selling. What happened to cause the crash was a mix of things. The leveraged long trade was crowded, the fear/greed gauge was green, alt season was in full blast… Read More
PayPal’s Venmo Now Let’s You Buy, Sell, and Hold Crypto
PayPal’s Venmo is the latest platform to allow you to buy, sell, and hold crypto. Like with PayPal, you can choose between Bitcoin, Ethererum, Litecoin, and Bitcoin Cash.
How to Use Binance Smart Chain if You Can’t Use Binance
We explain how to obtain BNB and use Binance Smart Chain even if you can’t access Binance to get BNB.
GBTC Continues to Trade at a Negative Premium
GBTC has traded at a negative premium since tech stocks began to drop and Bitcoin began to find support. The result is you can buy discounted Bitcoin through Grayscale.
GBTC’s Premium Went Negative!
GBTC, which often trades at a high premium traded negative today. Right now, BTC is at $48k and Grayscale is trading under $45.
MicroStrategy Buys over $1 Billion BTC
Microstrategy has bought more than $1 billion BTC. They bought 19,452 Bitcoins for an average price of $52,765 per bitcoin. They now have 90,531 Bitcoins at an average price of $23,985.
Square Buys $170 Million BTC
Square bought 3,318 more bitcoins for a total of $170 million. This follows a previous purchase and recent purchases by Microstrategy and Tesla.
Crypto, Tech, Tesla, Etc Curve Down as Rotation Fears Loom
Microstrategy bought, Tesla bought, and we rallied. ETH fees were high, funding was high, longs go squeezed, NASDAQ went down, the yield curve went up, and we crashed.
ETH Makes New All Time Highs as CME Futures Loom (Feb 8th)
ETH is making new all-time highs and ETH-based coins (like DeFi coins) are running. This bullish price action into CME futures on Feb 8th is exciting. However, it is a bit scary as well since CME futures for BTC marked the top of the 2017 bubble.