Bitcoin Price Discount Opportunities
In character with the pump-and-dump market rhythm induced by the Fed's five-year QE program, markets resumed their usual direction after the FOMC statement last night. A mediocre Fed statement saw the Bitcoin price drop to an intra-week low and then stall. Stocks and the Dollar are up with Gold and Bitcoin holding at their lows. Bitcoin Price Down - But Not All The Way. The Bitstamp chart shows how the Bitcoin price, last night, dropped to a new intra-week low. However, instead of reversing at the lower channel trendline, price had reversed at a 1.618 Fib extension level. The reversal at a....
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Money 20/20 Europe is coming up. The 3-day event starts on April 3 and runs until April 7th. Tickets for this conference are pretty expensive, so you will want to take advantage of Bitcoinist.net’s discount code and save €600. By using the discount code BITCN200, €600 will be taken off the full price of delegate passes. You can use this now to get the discount on the current price of €2595. After April 1, prices will rise one more time to €2995. Bitcoinist is able to provide our readers with this discount code due to our media partnership with the Money 20/20 Europe conference. We will....
Bitcoin users want more exchange opportunities. JM Bullion announced that it’s now possible to buy gold and silver with bitcoin on the BitPay platform. The firm now offers its customers the option to pay with the cryptocurrency. According to the firm, accepting bitcoin provides flexibility to online customers. It’s now possible for cryptocurrency users to pay for precious metals with a bitcoin wallet. Paying in bitcoin might also protect customers against expensive credit card chargebacks and high card processing fees. JM Bullion will now offer bitcoin users a four percent transaction....
There's no doubting the BTC price upside, but under the hood, all is not what it seems, one analyst highlights. Bitcoin (BTC) is getting compared to late 2020, but this rally in fact has several major differences which make it “not normal.”According to Pete Humiston, manager of Kraken Intelligence Research, Bitcoin in Q3 2021 is a different beast when compared to Q4 2020.GBTC keeps its steep discountDespite going from $29,000 to $48,000 in just one month, Bitcoin is still not seeing a frenzy of interest and buying. Higher price levels have seen solid support, but there is little evidence....
Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price discount compared to its bitcoin holdings, a fact that has many worried about the overall sustainability of their business model. Grayscale Hints at Becoming an ETF Grayscale, the biggest cryptocurrency fund manager in the world, has declared its Grayscale Bitcoin Trust (GBTC) is in the process to become an ETF to get rid of some of the problems it is facing.....
Digital Currency Group’s Flagship Grayscale Bitcoin Trust Is Trading At About 16.52% Below The Bitcoin Spot Price, Marking The Largest Discount Since Bitcoin’s May Price Decline.