Why Bitcoin Price May Go Up This Week
The beginning of the week saw a continued rise in the price of the leading crypto. Currently, Bitcoin is in the midst of an over three-week high. Expectations of an impending bull run that will see the price reach new heights this year are higher than ever before. So what are the factors behind this positive outlook?
Price Projections for Bitcoin, Ripple, Ethereum: Why the Cryptocurrency Market Needs Time
Trading cryptos requires a lot of patience. But Tuesday was surely a patience test for crypto investors when Bitcoin failed to surpass the support level of $11,260. Similarly, XRP and Ethereum failed to move above the main moving targets. Previous data have shown that altcoins are needed for a bull rally to be consistent. So why does the crypto market need more time now?
FTX Raises $8 Million in Seed Round as BlockFi Raises over $18 Million
FTX announced the new achievement on Tuesday. The cryptocurrency derivative platform managed to secure some of the key investors in the industry for the seed funding round. Meanwhile, BlockFi, in a similar funding round led by Valar Ventures, became the first company of its kind to get institutional funding in US dollars for crypto based loans.