Bitcoin | Crypto Profit Bot

GBTC delivered better returns than Bitcoin ETFs last week

October 26, 2021

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Grayscale’s flagship Bitcoin fund had no competition from the newly launched ETF products in their first seven days, figures show. 2415 Total views 29 Total shares Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) outperformed the newly launched exchange-traded funds (ETF) last week, data shows. Figures shared by Grayscale executives among others confirm that […]

BTC price ‘on the way to $90K’ — 5 things to watch in Bitcoin this week

October 25, 2021

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Bitcoin (BTC) launches into a new week, determined to keep $60,000 as support — despite new all-time highs failing to last. After a classic Sunday dip, bulls regained control and have managed to keep BTC/USD clear of sub-$60,000 lows. With neither the April nor October all-time highs seeing a retest so far, however, investors are […]

Top 5 cryptocurrencies to watch this week: BTC, SOL, AVAX, ALGO, AXS

October 24, 2021

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Bitcoin (BTC) continues to face strong selling as bulls attempt to flip the psychological level at $60,000 into support. Some analysts believe that Bitcoin could enter a correction as traders book profits following the successful launch of last week’s Bitcoin exchange-traded funds. In the past, the launch of the Bitcoin Futures product by the Chicago […]

OTC crypto shops flood Hong Kong, but regulations may impact their presence

October 24, 2021

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Hong Kong, one of the most significant and leading financial centers in the world, has played a large role in the development of cryptocurrencies. For instance, the Chinese territory has birthed some of the most established and successful crypto companies to date including the crypto derivatives exchange FTX, along with the digital asset platform Crypto.com. […]

What has been standing in the way of a pure-Bitcoin ETF?

October 23, 2021

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With regulatory bodies rumored to soon accept a pure Bitcoin (BTC)-backed exchange-traded fund, it is important to understand the journey of some of the first crypto-based ETFs that have recently been approved by government agencies. The United States Securities and Exchange Commission approved a Bitcoin-adjacent ETF, giving investors the opportunity to gain exposure to Bitcoin […]

Bitcoin ‘still bullish’ even if BTC price drops to $50K — analysis

October 23, 2021

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It may not be likely, but Bitcoin has a lot more room to lure bears into a false sense of security, one analyst forecasts. 10084 Total views 59 Total shares Bitcoin (BTC) can return to $50,000 and still not violate an overall “bullish thesis” after breaking all-time highs, fresh research argues. In its latest market […]

Bitcoin decides fate of $60K as weekly close keeps BTC traders on their toes

October 23, 2021

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It could still go either way for bulls in the run-up to what could still turn out to be the highest weekly close on record. 832 Total views 28 Total shares Bitcoin (BTC) is lining up a crucial weekly support test on Oct. 23 after impulsive sellers moved large amounts of BTC to major exchange […]

Price analysis 10/22: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

October 22, 2021

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Bitcoin (BTC) and Ether (ETH) have both witnessed aggressive profit-booking after hitting their respective new all-time high. This suggests that traders who had bought on rumors of a Bitcoin exchange-traded fund booked profits following the successful launch of the ProShares’ Bitcoin Strategy exchange-traded fund (ETF) (BITO). The bulls tried to stage a recovery in Bitcoin […]

Bitcoin extends correction as Ethereum sees ‘picture perfect’ rejection at all-time highs

October 22, 2021

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A copycat move from ETH leaves investors noticeably disappointed and puts the brakes on the “up only” trend of the past week. 6099 Total views 46 Total shares Bitcoin (BTC) stayed closer to $60,000 on Oct. 22 after the largest altcoin Ether (ETH) failed to cement new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: […]

Too popular: Bitcoin futures ETF in danger of hitting upper limit for contracts

October 22, 2021

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Unprecedented demand for the ProShares futures fund could result in longer contracts that may stray from Bitcoin prices. 6314 Total views 49 Total shares The ProShares Bitcoin Strategy ETF is on track to reach a limit on the number of futures contracts it’s allowed after quickly becoming a little too popular. After just a couple […]

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Category: Bitcoin