My Spidey-Sense Says Something Is About to Give Way With Bitcoin
Posted April 30, 2021
When Bitcoin (BTC) soars to its next level of incredible highs around $125,000, a lot of people are going to make A LOT of money.
You can be one of them.
The world’s most popular cryptocurrency s price was only breaching $55,000 per token earlier this week.
Coinmarketcap.com
As you can see in the chart, we’ve successfully bounced off the $45,000–$47,000 support level twice now since February. We’ve also hit our head on the ceiling just over the $64,000 mark twice as well. BTC is in a range, and as this range compresses, I expect a breakout.
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Bitcoin Bulls Go Ballistic On Twitter s $1.25bn Convertible Note Offering
Is Twitter planning to add Bitcoin to its balance sheets? Many crypto bulls think it is.
This Monday, the social media giant stirred the cryptocurrency sector after announcing that it tends to raise $1.25 billion by selling convertible senior notes due for a 2026 expiry to accredited investors. Twitter also added that it would offer an additional $187.5 million aggregate principal amount of the notes to initial purchasers.
Anthony Pompliano…
….a “solo-capitalist” previously known for heading crypto-based investment firm Morgan Creek Digital Assets interpreted Twitter’s note auction plans as an indication that it would purchase bitcoin with the proceeds.
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Unprecedented Bitcoin Rally Supported by Best-Performing Quarter for Crypto and DLT Startup Funding Totaling Over $700M in Q4 2020: Report
February 21, 2021 @ 9:40 pm By Omar Faridi
The current Bitcoin (BTC) bull market has been fueling another major boom in blockchain or distributed ledger tech (DLT) startup deals.
Coinbase Ventures had launched back in 2018, which was during the extended cryptocurrency bear market that lasted from early January of that year to well into 2019. After the BTC price had surged to nearly $20,000 in December 2017 from only around $1,000 in January 2017, the flagship cryptocurrency crashed to a low of below $4,000 in December 2018.
As a digital asset trading platform, that short-lived momentum was actually good for Coinbase’s business (in the long-term). However, the decision to establish a cryptocurrency-focused VC company had less to do with the BTC price than what the market fervor had meant for innovators.