Pro-Bitcoin El Salvador has taken another step toward fully integrating Bitcoin into its financial system, allowing banking institutions to offer Bitcoin and other crypto services. Summary El Salvador’s new Investment Banking Law enables banks to provide Bitcoin and digital asset services, including trading, custody, and issuance. Investment banks can also act as digital asset issuers,
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has dropped a bold insight into the current financial market setup. In a post on X, Kiyosaki warns of a looming stock market crash and its implications for investment options. Safe haven assets: gold, silver and Bitcoin Notably, the renowned author believes the indicators of a
Bitcoin’s (BTC) implied volatility (IV) has moved from 33 to 37 on Monday, a notable uptick from multi-year lows and a possible signal that the market’s long stretch of calm is nearing an end. The Deribit Volatility Index (DVOL), modeled after the VIX in traditional markets, tracks the 30-day implied volatility of bitcoin options and
Bitcoin price has surged close to 7% over the past week, a sharp move even for the OG crypto. The rally’s pace is drawing comparisons to the last push before its July 14 all-time high (ATH) at $122,838. However, a closer look at both on-chain and technical indicators shows that this time, market conditions are
The price of Bitcoin shot above $122,000 on Monday, building on momentum from a bullish executive order in Washington and three straight days of spot Bitcoin exchange-traded fund inflows to close out last week. Henrik Andersson, chief investment officer of Apollo Crypto, said the move was overdue following a month of consolidation. “In our view
Cryptocurrency investor and analyst Anthony Pompliano said that Bitcoin’s high volatility, which has long made it attractive to investors, has decreased markedly in recent years. Pompliano discussed the potential impact of this change on the market, citing comments from Bloomberg’s Eric Balchunas, analyst Mitchell Askew, and investor Joe Burnett. According to Balchunas, volatility has fallen
Michael Saylor’s legendary Bitcoin bet has now turned five years old. Strategy (formerly MicroStrategy) announced that it had adopted Bitcoin as its primary treasury reserve asset on Aug. 11. At press time, some Bitcoiners in various time zones are already celebrating Strategy’s big anniversary. Metaplanet CEO Simon Gerovich has already taken to X to underscore
GameStop CEO Ryan Cohen has unfollowed all Bitcoin-related accounts on X, raising questions about the company’s commitment to cryptocurrency after accumulating $500 million in Bitcoin. This social media shift comes as GameStop sits on over $8.5 billion in cash reserves with a $10 billion market cap but has halted Bitcoin (BTC) purchases since May. “What
Bitcoin ($BTC) is back in the spotlight as prices recover to $118,236 after briefly dipping to $112,600 earlier this week. The rebound, supported by a break above a long-term descending trendline, has reignited bullish sentiment. Traders are now asking the big question: can BTC finally break above $120,000 and set the stage for a new