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$135K for December: Stock-to-Flow Creator Lays out Bitcoin’s ‘Worst Case Scenario for 2021’
21.6.2021
The pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has published his “worst case scenario for 2021” predictions on social media on Sunday. The analyst says there’s also a “more fundamental reason” to why bitcoin prices have been...
Bitcoin price can hit $450K in 2021, $135K is 'worst-case scenario' — PlanB
20.6.2021
The only way is (more or less) up for BTC price action, the analyst insists, offering a potential 2021 high of $450,000
Grayscale Considering 31 Crypto Assets for Investment Products
20.6.2021
Grayscale Investments is considering 31 crypto assets to add to its family of investment products. The company, with $32.9 billion in crypto assets under management, currently offers investments in 13 cryptocurrencies. Grayscale Investments announced Friday 13 additional crypto assets it...
Bitcoin may lose $30K price level if stocks tank, analysts warn
19.6.2021
Downside risks for BTC price are also heightened due to the recent dollar bounce
NASCAR Driver Landon Cassill to Be Paid in Cryptocurrency for the Remainder of the Season
18.6.2021
The American professional stock car racing driver, Landon Cassill, has announced he has partnered with the crypto-asset platform Voyager Digital Ltd. in order to get paid in cryptocurrency. Cassill’s announcement notes that the racer will be paid in crypto for the remainder of the 2021 NASCAR...
Fed Expects 2 Rate Hikes in 2023, Stock Market Plunges, Powell Anticipates Higher Inflation
17.6.2021
The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain,” the Federal Open...
Fidelity Executive Believes Bitcoin’s Price ‘Bottom Is in’ After Last Month’s Market Carnage
15.6.2021
On Monday, Jurrien Timmer, director of global macro at Fidelity and co-manager of the Fidelity Global Strategies Fund, told his 56,000 Twitter followers his perspective on the current bitcoin prices. “In my view, it looks like the bottom is in,” the Fidelity executive explained, sharing...
Microstrategy Selling up to $1 Billion of MSTR Stock to Buy Bitcoin
15.6.2021
Microstrategy Inc. is selling up to $1 billion of its common stock, MSTR, with the aim to use some of the net proceeds to buy bitcoin. The Nasdaq-listed company also recently completed a $500 million secured notes offering and will use the proceeds to acquire bitcoins. Selling MSTR Stock to...
Following massive BTC purchase announcement, MicroStrategy says it may sell up to $1B in stock
15.6.2021
The firm said it intended to use the proceeds from the offering “for general corporate purposes, including the acquisition of Bitcoin.”
Lack of crypto regulations alarming, says Italy's stock market regulator
14.6.2021
Crypto growing to a $1.6 trillion market without adequate regulations is a major worry for the head of Italy’s stock market oversight agency
Johannesburg Stock Exchange Rejects Bitcoin ETF Application, Cites Lack of Regulatory Framework
14.6.2021
South Africa’s Johannesburg Stock Exchange (JSE) has rejected a request by the asset management firm, Sygnia, to list a new bitcoin exchange-traded fund (ETF). In justifying its rejection of the latest proposal by Sygnia, the JSE cites the “lack of a regulatory framework...
Stock-to-Flow Creator Says ‘$288K Still in Play,’ Mike McGlone Sees an ‘Ace up Bitcoin’s Sleeve’
12.6.2021
The popular Twitter account and creator of the bitcoin stock-to-flow (S2F) price model explained that “$288K [is] still in play.” Meanwhile, data from the exchange Deribit shows there’s 425 bitcoin call options with a strike price of $200K set for December 31, 2021. Plan B Says:...
GME and AMC stock surge may impact crypto meme coins, BTC not so much?
12.6.2021
GME and AMC push to greater highs on the back of memes as correlations with crypto begin to emerge
$288K BTC price 'still in play' says PlanB as Bloomberg champions Bitcoin halving
12.6.2021
Bitcoin would "surprise" the stock-to-flow creator if it fails to return to its forecast trajectory, with three years still to go until crunch time
Kraken rethinks direct listing plan following Coinbase's lackluster performance
11.6.2021
Kraken CEO Jesse Powell is having second thoughts about a direct listing in light of Coinbase going public, and is potentially leaning towards an IPO instead
Bitcoin Mining Firm Hut 8 Approved to List on Nasdaq
11.6.2021
Major North American bitcoin mining firm Hut 8 Mining has been approved for listing on Nasdaq under the ticker symbol HUT. The company is also listed on the Toronto Stock Exchange (TSX). Hut 8 Mining Corp. announced Thursday that its common shares have been approved to list on the Nasdaq Global...
Bitcoin price hits stock-to-flow rebound level not seen since 2017 all-time high
10.6.2021
Deviation from the stock-to-flow average has always resulted in a reversal to new all-time highs, data shows
MicroStrategy stock slides after announcing new $400M debt raise to buy Bitcoin
7.6.2021
The company's stock has dropped by more than 60% after topping out at $1,135 in early February
AMC 'meme stock' frenzy may spill over to crypto as Bitcoin metric nears buy zone
3.6.2021
It could soon be a sea of green for Bitcoin and altcoins, sources argue, thanks to a convergence of data and the sheer power of memes
All Roads Lead to Crypto and the AMC Meme Stock One May Too
3.6.2021
After a short break, meme stocks are on the move again, making headlines and (only) some people rich, with two important messages for the Cryptoverse coming out of it: that the Robinhood-type traders could be turning to the new meme stock instead of crypto for now, but also that, ironically,...