Melanion Capital launches an EU-regulated Bitcoin price tracker
French fund manager Melanion Capital launches EU-regulated ETF that tracks Bitcoin price, the Bitcoin-tracking fund fully complies with the European Union’s UCITS standards. Melanion Capital, a Paris-based derivatives fund manager, has established a new EU-regulated fund that intends to track the price of Bitcoin with a correlation of up to 90%. The fund is the […]
Bitcoin is tearing up the charts as it strives to break $40K for the second time
The price of Bitcoin has been fluctuating between $30,000 and $36,000 for the past six weeks. It is now hanging around the $40,000 resistance level for the second time in two days. Volatility in Bitcoin (BTC) has made news once again, this time when the original cryptocurrency briefly recaptured the $40,000 mark before crashing back […]
Bitcoin trades at $40,000 for the first time in over a month
The price of bitcoin surpassed $40,000 on Monday, marking the first time the market has done so since mid-June. At the time of writing, the cryptocurrency was trading at $40,085 on Coinbase, up more than 17% in the last 24 hours. Bitcoin’s price last rose above $40,000 on June 16, as shown in the graph […]
Bitcoin: Why it’s not in a bear market
Even though Bitcoin has been in a correction phase for nearly two months, analysts and optimists have managed to maintain their bullish outlook. This rejection of a bear phase, while not entirely unjustified, has been made on numerous occasions by several analysts and Bitcoin advocates, most likely to maintain a positive investor attitude. According to […]
Bitcoin recovers from a $31K low as Bank of America approves BTC futures trading
Fresh data underscored the importance of current market levels as Bitcoin (BTC) bounced off $31,000 support on July 16. There has been no movement on the Bitcoin markets as sideways trade has continued and a strong bear trend has yet to establish itself convincingly. Is there no trip to $42,000? According to data from Cointelegraph […]