“The Terra ecosystem’s growth potential, particularly after the latest Columbus-5 upgrade and announcements on Risk Harbour insurance wrapped protection, is limitless,” said Jake Cormack, chief operating officer at Chiron Partners. “We want to work closely with visionaries behind up-and-coming projects built on Terra, supporting them with not just capital, but also our … [Read more...] about Crypto VC Chiron Raises $50M to Invest in Terra Ecosystem as LUNA Stays Hot
Stays
Bitcoin price passes $32K with traders wary of ‘relief rally’ if resistance stays
Bitcoin (BTC) passed $32,000 later on July 16 as positive reactions over Bank of America's (BoA) Bitcoin futures go-ahead continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin nears $32,300 point of interest Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising 1.4% on the day to hit new local highs of $32,150 on Bitstamp.The pair saw … [Read more...] about Bitcoin price passes $32K with traders wary of ‘relief rally’ if resistance stays
Bitcoin price returns to ‘critical’ pivot zone as $33K stays untouched
Bitcoin (BTC) failed to crack $33,000 on July 14 as a bounce from multi-day lows delivered only modest progress.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price: Fits and starts below $33,000Data from Cointelegraph Markets Pro and TradingView tracked another day of ranging — albeit with increased volatility — for BTC/USD on Wednesday.The pair briefly touched … [Read more...] about Bitcoin price returns to ‘critical’ pivot zone as $33K stays untouched
Bitcoin’s S2F Model Could be Invalidated if BTC Stays in the $30k Area
Bitcoin is trading at the lower boundary of the stock-to-flow model by PlanB Bitcoin has traded at this lower boundary before as was the case in March 2020 According to PlanB, his model could be invalidated if Bitcoin remains in the $30k range for a couple more months Time will tell whether the current Bitcoin environment leads to an invalidation of the model The S2F has been … [Read more...] about Bitcoin’s S2F Model Could be Invalidated if BTC Stays in the $30k Area
GBTC premium stays negative, suggests Bitcoin price sentiment still low?
Bitcoin (BTC) is facing difficulty breaching the $40,000 mark again after briefly crossing it on May 26. The cryptocurrency is currently exchanging hands at around the $36,000 mark, which is a 44% drop from its all-time high of $64,889 on April 14. Among others, a key difference between macroeconomic conditions affecting the cryptocurrency market as a whole is institutional … [Read more...] about GBTC premium stays negative, suggests Bitcoin price sentiment still low?