Buy Bitcoin, Top EU Gold Company Tells “Mentally Blocked” Investors

Bitcoin’s explosive price rally this year has earned it a new fan in CelticGold, AG. The Frankfurt-based precious metals exchange in a note advised commodity investors to purchase the world’s leading cryptocurrency. It said they should at least allocate 1-5 percent of their precious metals portfolio to Bitcoin, citing its two-year winning streak that resulted in 138 percent of combined gains. In 2019, the XBT/USD exchange rate rose by 92 percent. Meanwhile, in 2020, the pair climbed another 46 percent until mid-February. The XBT/XAU exchange rate heading towards a breakout…

What Pushed Bitcoin Up 65% in 2 Months? Top Fund Manager Explains

Since the middle of December, Bitcoin has been on an absolute tear higher, rallying from $6,400 to $10,550 earlier this week, per data from TradingView. This marks a surge of over 60%, meaning that the cryptocurrency outpaced a majority of other multi-billion-dollar assets save for Ethereum, XRP, and Tesla. This strong surge comes shortly after cryptocurrency investors expected BTC to drop off a cliff, meaning this uptrend has caught traders off guard, as evidenced by the hundreds of millions of dollars worth of short position liquidations over recent weeks. Related…

Bitcoin Price Bull Run May Last 3 Years With $45K Top, Says Tone Vays

Today popular market analyst and Cointelegraph contributor filbfilb joined veteran trader Tone Vays on his YouTube trading channel. During the discussion, each trader discussed their long and short-term vision of Bitcoin’s price (BTC) action, along with the various trading indicators and styles they use.  According to Vays, Bitcoin’s price action on the weekly time frame remains strongly bullish as Bitcoin broke through multiple levels of resistance and is still on six on the TD Sequential indicator, which is favored by Vays.  BTC USD weekly chart. Source: TradingView Vays also pointed…

The Top Narratives Driving Crypto Market Growth, feat. Travis Kling

The halving? Coronavirus and volatility? Fed action? Listeners vote on what’s driving crypto growth. There’s no denying 2020 is off to a roaring start. From prices to volume to social media, sentiment is up, up, up. But what’s driving it? On this special Valentine’s Day episode, @nlw reacts to listeners’ votes about which narratives are driving the shift in energy, discussing:  The episode finishes with some hot takes on what is driving the markets and what we should be most concerned about and most excited for, with Ikigai Asset Management’s chief…

Watch Spencer Bogart and Jacob Canfield Debate if Bitcoin Will Top $20,000 in 2020

In this week’s crypto market update, Spencer Bogart from Blockchain Capital and Jacob Canfield from Signal Profits debate whether Bitcoin will top it’s all time high this year and if the halving is already priced in. Will all this talk of the halving finally convince host Giovanni Pigni to buy his first Bitcoin? Bogart explains the thinking behind Blockchain Capital’s predictions that major exchanges will be forced to deslist privacy coins, and that most development will end up concentrated on just one to four major blockchains. “Most of the innovation…

Coinbase Fails to Top CryptoCompare’s Exchange Rankings due to 2019 Flash Crash

Coinbase, one of the most popular platforms in the United States, missed out on the number one spot in a ranking of crypto exchanges due to a 2019 Bitcoin (BTC) price glitch. The major U.S. crypto exchange and wallet service did not get to the top of the latest CryptoCompare’s crypto Exchange Benchmark rankings because its institutional trading arm Coinbase Pro experienced a major Bitcoin price flash crash in October 2019. CryptoCompare confirmed to Cointelegraph that the glitch was the primary reason behind the five-point drop for Coinbase in the…

Bitcoin Risks 20% Drop after Rejecting $10,500 Top; Here’s Why

Bitcoin is gawking at extended losses only hours after it established a new yearly high at $10,500. The benchmark cryptocurrency on Thursday plunged by 3.86 percent to circa $10,094, according to US exchange Coinbase. The crash took bitcoin’s spot rate down by more than $400 within just three hours, showing fresh signs of buyers’ exhaustion in an otherwise booming market. BTC/USD eyeing a deeper correction below $10K | Source: TradingView.com, Coinbase Nevertheless, bitcoin’s move downhill located moderate support above $10,000. The cryptocurrency later managed to register an upside pullback, raising…

Top Soccer Club FC Barcelona Launching Crypto Token for Fan Engagement

Record-breaking Catalan soccer club FC Barcelona (often called Barça) has launched a crypto token seeking greater engagement with fans. Created in partnership with blockchain firm Chiliz, the Barça Fan Tokens ($BAR) will be used to allow fans to vote in polls and surveys on Chiliz’ mobile app Socios.com. Barça has one of the largest supporter bases globally and is the richest soccer club by revenue. Unusually, it’s in part managed by a group of paying supporters called socios, who take part in elections for the president and the board. The…

Ethereum Just Surged 60% in 18 Days, And Top Trader Says It’s Only Starting

A dollar invested in Ethereum upon its pullback eighteen days ago is now worth about $60. And according to a very prominent analyst, it could yield more returns heading further into 2020. Full-time trader Crypto Cred highlighted the possibility of Ethereum continuing its bull run as the cryptocurrency tested a key high timeframe resistance at 0.024 BTC earlier this week. The analyst noted that a move above the level could trigger a fresh wave of buying sentiment, which could shoot the Ethereum price further upwards. Ethereum eyeing a break above…

Top Australian Soccer Club Acquired By Token-Powered Fan Marketplace

Australian A-League football team Perth Glory is being acquired by a fan-focused group that says it raised US$70 million in a 2018 token offering. Announced Wednesday, London Football Exchange Group (LFE) said it has agreed a deal to acquire a majority stake in Perth Glory Football Club, subject to approval by the sport’s governing body, Football Federation Australia. As part of the deal, the London-based LFE’s recently appointed chairman, Tony Sage, who is also chairman of Perth Glory, will remain chief of the soccer club. “There will be no significant…