Pro traders avoid Bitcoin longs while cautiously watching DXY strengthen

Bitcoin (BTC) price might have re-established $50,000 as a support, but the optimism of professional traders is nowhere near the levels seen before the 26% drop to $43,000 on Feb. 28.  The current scenario is far from bearish, but derivatives indicators do not reflect the substantial purchases from institutional clients, including Microstrategy, Meitu, and most recently, Aker ASA, a Norweigian oil conglomerate. Bitcoin price, USD. Source: TradingView The longer Bitcoin stays above a certain threshold, the more confident investors get. For example, the last daily close below $45,000 was 28…

VeChain Hits All-Time High, But Technicals Spell Trouble

Key Takeaways VeChain (VET) has risen more than 75% over the past week to reach a new record high of $0.0643. While some technical indicators call for higher highs, others suggest that VET sits in overbought territory. A daily candlestick close above or below $0.061 will determine the future of VET’s market value. Share this article While the market waits for a volatility spike that will kick-start a new uptrend, VeChain has stolen the spotlight with new all-time highs. VeChain Enters Price Discovery VeChain made headlines after rising to a…

PayPal purchases crypto custody firm Curv

Payments giant PayPal has acquired Israel-based crypto custody firm Curv for an undisclosed amount. According to PayPal, the firm purchased Curv as part of its initiative to support cryptocurrencies and digital assets. The platform said it plans to complete the acquisition before the third quarter of 2021, but did not disclose the purchase amount. Israel-based media outlet Calcalist said last week that Curv may have sold for between $200 million and $300 million, with CNBC reporting on Monday that “The deal is worth less than $200 million.” “The acquisition of…

Norwegian Industrial Giant Aker Creates Bitcoin Unit

Key Takeaways Norway-based publicly-traded company Aker ASA has formed a new Bitcoin investment unit called Seete. The firm has allocated an initial capital of 500 million Norwegian Krone (58 million USD) to Seete. Besides investing in Bitcoin, Seete will allocate funds to projects within the Bitcoin ecosystem. Share this article Norway-based industrial investment giant Aker ASA has launched a Bitcoin investment unit, according to a press release. Aker ASA Allocates $58 Million to BTC Aker ASA announced on Mar. 8 that it has formed a new cryptocurrency investment company called…

Ethereum rolls out Berlin upgrade with 4 EIPs

After months of planning, the Ethereum community has laid out a timeline for its upcoming Berlin upgrade, marking an important milestone in its development roadmap.  Berlin is scheduled to go live on the Ethereum mainnet at block 12,244,000, or Apr. 14, Tim Beiko wrote on Monday. Ropsten, the first testnet to upgrade, is scheduled for Mar. 10. The Goerli and Rinkeby networks are expected to upgrade in one-week increments on Mar. 17 and Mar. 24, respectively. Ethereum node operators are being advised to upgrade to a Berlin-compatible version as soon…

Uniswap Airdop Value Reaches $13,000 For Those That Didn’t Sell Early

DeFi platform Uniswap has exploded in popularity since its debut last year, which has been to the benefit of UNI token holders – especially those who got them completely free for being among the earliest users of the platform. Here’s a look at just how fast the platform and its token have come up in the crypto market, and how much money investors would have made had they held strong from the moment the free DeFi tokens were issued. The Unicorn of Crypto Grows To $17 Billion Market Cap, $1B+…