Binance CoinBitcoinCardanoChainlinkCointelegraph.comEthereumLitecoinMarketsPolkadotPrice analysisRippleTHETAUniswap

Price analysis 3/26: BTC, ETH, BNB, ADA, DOT, XRP, UNI, THETA, LTC, LINK

Bitcoin price bounced off the 50-day moving average but the real test is near $57,500 where the bears are likely to push back.
Glassnode data shows Bitcoin (BTC) exchange reserves on Coinbase have dropped by about $8 billion. This indicates that institutional investors are locking away their purchases in cold storage for the long term instead of booking profits. HODLing by institutions is a huge positive as it will continue to reduce Bitcoin’s available supply, which may boost prices even if demand begins to diminish. The news flow suggests no slowdown in institutional adoption. New Zealand Wealth Funds Management revealed that its product KiwiSaver Growth Strategy allocated 5% of its assets to Bitcoin in October 2020. According to the firm’s chief investment officer James Grigor, the first Bitcoin purchase took place when Bitcoin was at $10,000. This means that when Bitcoin hit an all-time high at $61,825.44, the firm was sitting on a 518% profit. Grigor also added that Bitcoin could feature in more KiwiSaver schemes within the next five years. Daily cryptocurrency market performance. Source: Coin360In a recent podcast with Raoul Pal, New York Digital Investment Group CEO Robert Gutmann said the firm has been receiving inquiries from sovereign wealth funds about possible Bitcoin investments. Pal disclosed that Singapore’s sovereign wealth fund Temasek had been buying virgin Bitcoin from miners.More investors may arrive if the United States Securities and Exchange Commission approves a Bitcoin exchange-traded fund. The latest to seek approval to launch a Bitcoin ETF is Fidelity Investments. This shows that …
Story continues on Cointelegraph

Related posts
Cointelegraph.comFundingInvestments

Chainalysis has crypto’s 'heightened momentum' to thank for multi-billion dollar valuation

Chainalysis also explains how they will use their added $100 million. Blockchain analytics firm Chainalysis recently added $100 million to its books thanks to investments from a number of parties, including Salesforce CEO Marc Benioff.In a report from CNBC on Friday,…
AltcoinsDeFiEthereumNewsNews 1SocialTrading View

What to expect with UNISWAP's price by the end of the weekend

Ranking in the top 10 cryptocurrencies, UNI was trading at $28.46; the price of this alt has been up 9% in the past 24 hours. UNI is still 21.81% away from its ATH of $36.41. Through intensive tradingThe post What…
AltcoinsNewsNews 1RippleTrading ViewXRP

#Relist XRP scores a goal: This is the first exchange that will relist XRP

Lykke, a cryptocurrency exchange based out of Switzerland is the first exchange that has decided to re-list XRP. CEO, Richard Olsen took to Twitter to claim that: We are thrilled to RelistXRP – bridgThe post #Relist XRP scores a goal:…