“Every tether is backed by a reserve and their reserve is more than what is in circulation,” Gregory Pepin, Deltec Bank’s deputy CEO, said on a podcast Friday.
Author: Omkar Godbole
Bitcoin Faces Further Losses Before Rally Restarts, Say Analysts
Despite a bounce earlier on Friday, bitcoin may yet see further losses in the near term.
Guggenheim CIO Says Bitcoin May Have Topped Out for Now
Guggenheim Partners CIO says bitcoin could retrace all the way back to $20,000.
Bitcoin Option Traders Hedge Against Downside Risk as Price Dips to Near $32K
Options traders look to be preparing for further falls in bitcoin’s price in the short-term, according to put-call skew data.
Ether’s Rise to Record Highs May Propel Cryptocurrency to $10.5K: Fundstrat Global
Fundstrat strategist David Grider based his bullish prediction in part on the promise of Ethereum’s technology.
Bitcoin Falls 5% Despite Continued Accumulation by Investors
Bitcoin fell from $36,000 to $34,000 Wednesday morning, despite continued buying from investors.
Bitcoin Becomes Most-Crowded Trade After Passing ‘Long Tech’: Bank of America Survey
Bank of America’s January survey of fund managers indicated bitcoin is now seeing the most capital inflow.
Chainlink Hits Record High, Altcoins Rally Amid Bitcoin Consolidation
Chainlink’s LINK token set a new record price early on Monday, and other altcoins are seeing solid gains.
Bitcoin Struggles to Recover After Biggest Weekly Price Loss Since September
Prices fell by 6% in the seven days to Jan. 17, a weekly fall not seen since the first week of September.
Biden’s $1.9T Relief Package Proposal Fails to Stir Bitcoin Market
The U.S. dollar’s rise on the news maybe be playing spoilsport to the bitcoin bulls.