Institutions Are Buying Bitcoin, But They Are Still Selling Ethereum – Discov...
Bitcoin has been pushing above key resistance levels while Ethereum struggles to match that momentum — and a CryptoQuant report by analyst MorenoDV has identified a structural reason for that divergence that goes deeper than price action or sentiment. The gap between the two assets is not random. It is being built by the most […]
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Galaxy Digital CEO Michael Novogratz says that cryptocurrencies, such as bitcoin, have bounced back because institutional investors are buying. Responding to U.S. Senator Elizabeth Warren’s anti-crypto stance, he stated, “We need to do a much better job going to D.C.” to educate lawmakers. Novogratz Says Institutions Are Buying Galaxy Digital CEO Mike Novogratz talked about the outlook for bitcoin in an interview with CNBC Wednesday. He was asked how he sees bitcoin’s price action and what he thinks has been driving the price of the cryptocurrency back to the....
Heightened volatility in the market continues to keep the price of Ethereum below the $2,000 mark, capping every attempt towards the upside. During the persistent downward price action, a divergence has emerged among ETH investors, with large holders selling while smaller holders are buying. Ethereum Whale Selling Meets Retail Accumulation In Market Split Ethereum’s ongoing […]
Raoul Pal suggested that profit-taking by institutions was the likely reason for recent Bitcoin sell offs, but that the selling is likely done for now. Real Vision CEO Raoul Pal believes the recent volatility in the Bitcoin price is due to institutions selling to help shore up their end-of-year profits, The perennial Bitcoin (BTC) bull told Vlad from The Stakeborg Talks in a Dec. 27 interview that he believes the market is currently lopsided due to the effect of institutions. Pal said that they have been selling to lock in their profits. It was a way for institutions to say “I believe in....
Circle, one of the earliest and best-funded startups in the bitcoin industry has announced a curtain call on selling and buying the cryptocurrency. The former bitcoin startup hinted at folding as a bitcoin exchange in a blog late last night. An excerpt from that blog read: [W]e’re making payments more social than ever and diving headfirst into next-gen blockchain technology, rather than the buying and selling of bitcoin itself. While Circle will cease buying and selling of bitcoin, the company will continue to allow customers to hold bitcoin within their registered accounts, as well as....
Some institutions have paused their buying, at least for the moment.