Bitcoin May Have Hit Wall of Profit Takers Around $19,500: Analyst

The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week.

Ethereum, the world’s second-largest cryptocurrency by market capitalization, established a new record high on Thursday. The ETH/USD exchange rate reached $1,927 ahead of the London opening bell after surging 4.12 percent. Later, the pair gave up a small portion of its gain to profit-takers. It was trading at $1,896 as of 1224 UTC, still up […]

Wall Street has previously not been at the forefront of bitcoin trading in the past. However, that looks poised to change. The approvals of three bitcoin ETFs in the past week have brought about more institutional interest in the digital asset and Wall Street brokers are starting to turn their attention to the cryptocurrency. The first Bitcoin ETF recorded trading volumes of over $1 billion on its first day. This success has not missed the radar of Wall Street. Analyst Christopher Brendler sat down with Coindesk to talk about the future of bitcoin in Wall Street. According to Brendler,....

Bitcoin bull run is about to hit a hard wall of resistance, according to independent financial analyst Josh Rager.

Wall Street trading firms are a cautious lot, but they can't keep their eyes off of bitcoin. Big trading and investment houses don't want to miss out on possible profit opportunities as bitcoin continues to grow. More of the big proprietary trading firms are dipping their feet into bitcoin, thanks to the profit opportunity it can offer and its ability to streamline transactions, according to an article in The Wall Street Journal. The growing interest of Wall Street trading and investment firms serves to raise Bitcoin's profile in the investment community and the economy at large. "Their....