Grayscale, the New York-based investment company, is rapidly approaching the $10 billion Asset Under Management (AUM) mark.
The firm offers accredited investors the ability to invest in share indices, which are backed by cryptoassets. Their most popular product is the Grayscale Bitcoin Trust (GBTC), accounting for more than 80% of the AUM. Continue reading Grayscale Nears $10 Billion AUM
At the current prices, it takes about 107 BTC for an address to become a dollar millionaire. Since this metric is tied to the dollar price of Bitcoin, it tends to fluctuate a lot. For comparison, the number of addresses that contain at least 100 BTC has a much lower volatility. Continue reading There Are Over 13K Bitcoin Addresses Worth $1M
Bitcoin (BTC) has been trading sideways for around a month now and is being outperformed by several other altcoins like Ether (ETH) and Chainlink (LINK). The cryptocurrency also hit the lowest levels of volatility since November 2018. Continue reading Bitcoin Price Will Rise as Investor Demographics Shift
Bitcoin’s breakneck bounce off its March 13 lows transformed into a full-fledged rally, eking up to 161.25 percent gains in just two months. But the cryptocurrency’s wild rebound may have many loopholes, according to the outcome of a recent Bank of America’s survey. Continue reading Blow to Bitcoin as Latest BofA Survey Finds Loopholes
Bitcoin was trading in positive territory this Monday after closing its last week in severe losses. The top cryptocurrency surged 0.68 percent to $8,775 in an attempt to restore its short-term bullish bias. The small gains followed a more significant downside correction last week, wherein the price fell 9.9 percent – or by $964 – from its session open of $9,677. At its lowest, bitcoin was changing hands for $8,632. Continue reading Bitcoin Risks Falling to $8K Ahead of June Due to These Technical Factors