Bitcoin | Crypto Profit Bot

Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors

July 29, 2021

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Mutual funds provider ProFund aims to enable crypto exposure for investors without actually buying Bitcoin. 310 Total views 7 Total shares The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or ETFs that performs in parallel with Bitcoin (BTC). ProFunds provides […]

Unique Bitcoin-backed home loan refinancing deal in California

July 29, 2021

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Glen Oaks Escrow has made its first BTC-backed refinancing of a property in San Diego. 4040 Total views 12 Total shares One of Southern California’s largest independent escrow companies, Glen Oaks Escrow, has announced its first property refinancing with a Bitcoin-backed loan. The company stated that this is the first time a refinancing has been […]

CBDCs ‘concocted in hell by Satan himself’ says ASI president Rich Checkan

July 28, 2021

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Rich Checkan described CBDCs as the spawn of Satan, and thinks that Bitcoin is still a speculative asset and not a currency alternative yet. 2390 Total views 13 Total shares Rich Checkan, the president of Asset Strategies International (ASI) has described central bank digital currencies (CBDCs) as a product that was “concocted in hell by […]

Amazon denies rumored plans for Bitcoin support

July 27, 2021

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Despite rejecting rumors the e-commerce giant will soon support Bitcoin payments, a spokesperson for Amazon has said the firm is still interested in the crypto space. 14874 Total views 72 Total shares Amazon has refuted recent speculation it may be readying to support Bitcoin payments, asserting it currently has no plans for BTC. According to […]

Tesla reports record $1B income for Q2 despite $23M impairment loss on BTC

July 27, 2021

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Tesla’s latest earnings report showed that the firm conducted no digital asset purchases or sales in Q2, but reported an impairment loss of $23 million on its BTC holdings. 4893 Total views 47 Total shares Electric vehicle and clean energy firm, Tesla, has reported $1.14 billion in net income for the second quarter. The firm’s […]

BTC price burns bears en route to $40K: 5 things to watch in Bitcoin this week

July 26, 2021

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Bitcoin (BTC) is nearing $40,000 this Monday as a new week gets underway with a bang for bulls. A calm but confident weekend culminated in a dramatic run-up overnight Sunday, with BTC/USD swiftly nearing the top of its multi-month trading range. With favorable fundamentals and a lot of liquidated bears, Bitcoin looks set to investigate […]

Top 5 cryptocurrencies to watch this week: BTC, ETH, ICP, AAVE, LUNA

July 25, 2021

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Bitcoin’s (BTC) recovery is facing stiff resistance near the $35,000 mark but Bloomberg Intelligence senior commodity strategist Mike McGlone remains bullish. In his latest analysis, McGlone said that the probability of Bitcoin hitting $60,000 is greater than the price dropping to $20,000. Institutional investors seem to be using the weakness in Bitcoin to build their […]

Bitcoin price hits $34K as trader forecasts fresh weekend resistance showdown

July 24, 2021

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Bitcoin is likely going to tackle $34,500 today or tomorrow, Michaël van de Poppe says, opening up the road to $36,000 or more. 17805 Total views 23 Total shares Bitcoin (BTC) touched $34,000 on July 24 after the latest resistance flip held to propel the market higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin […]

Bitcoin price hints at ‘megaphone’ bottom pattern, and a breakout toward $40K

July 24, 2021

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Bitcoin’s (BTC) latest rebound from below $30,000 has increased its prospects of extending its retracement move higher, at least according to one classic technical pattern. Dubbed as Broadening Formation, the megaphone-shaped pattern appears when the price moves inside two diverging trendlines. Investopedia states that a broadening formation represents disagreement over the next potential bias among […]

Price analysis 7/23: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

July 23, 2021

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Bitcoin’s (BTC) recovery is facing resistance near $32,500, suggesting that the ride higher may not be an easy one. However, a positive sign is that demand for cryptocurrencies remains strong and lower levels continue to attract buyers. A survey of 150 family office clients of Goldman Sachs shows that 15% have already invested in crypto-assets […]

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Category: Bitcoin