Despite the recent selloff in the crypto markets, institutional managers have been quietly turning bullish over the past month.
Bitcoin and most major altcoins have dropped to their critical support levels, which is likely to attract strong buying from the bulls.
The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%.
It’s a modest weekly gain for Bitcoin buyers as Saturday’s progress comes full circle back to square one the next day.
Bitcoin will always be the boss, but the real innovative and groundbreaking developments are happening in layer-2 solutions, DAOs, NFTs with utility and the emerging Metaverse.
Bitcoin appears to meet the definition of an energy-backed currency proposed by the famed American inventor during the interbellum period.
Veteran trader Charlie Burton gives tips on how investors can manage their emotions in bull markets and the importance of sticking to a defined set of trading rules.
“Companies dealing in cryptocurrencies are not immune from oversight,” said New Jersey’s acting attorney general Andrew Bruck.
A cross-chain bridge to Arbitrum, protocol upgrades and a steady surge in network activity back REN’s 340% rebound off its July 20 swing low.
“In a situation where the relevant taxation infrastructure is not sufficiently established, the deferral of taxation on virtual assets is not an option, but an inevitable situation,” said Noh Woong-rae.