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Bitcoin (BTC) Could get to $10,000 due to These 4 Factors

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Bitcoin (BTC) gathered some serious steam on Monday that enabled it to rise from the $6,300 levels to the current levels of $7,300. The technical analysis had clearly stated that the King of Crypto had been oversold and bound for a rebound in the crypto markets. However, the rebound was only made sooner by a bunch of positive news as shall be elaborated below. The same positive news could be the key to BTC returning to its winning ways and to levels back above $10,000.

General Technical Analysis

The general technical analysis had earlier indicated that BTC had been oversold with the support levels of $6,100 being a last line of defense. This resistance level was key for either upward or downward movement was possible. But with BTC being oversold, the only direction was up. The current resistance level stands at around $8,000 which will be broken due to the other 3 factors below.

Bitcoin ETFs

The current feel in the crypto-verse is that the pending filing of Bitcoin ETFs at the SEC by the CBOE exchange will be approved. This will mean that Bitcoin ETFs will be classified as securities and traditional investors can now get into crypto. This will then usher in a new wave of crypto investing by high net individuals as well as institutional investors. The ruling on the filing by the SEC will be around August. All fingers are crossed that it will be a positive outcome.

BlackRock Investment firm exploring blockchain and cryptocurrencies

The earlier mentioned pump of Bitcoin (BTC) on Monday can be attributed to the fact that the BlackRock investment firm – that handles trillions in traditional assets – had stated through its CEO, that it was exploring blockchain technology and cryptocurrencies. Many crypto-traders believe this is an admission by BlackRock of getting into crypto 100%. This then has opened the floodgates to numerous possibilities.

Billionaire, Steven Cohen announcement on investing in a crypto hedge fund

A fourth and not necessarily the last factor that will lead to $10,000 BTC in the coming weeks, is the admission by Steven Cohen that he had put money into a hedge fund focusing on cryptocurrencies and blockchain based companies. Steven Cohen is known as an industry leader in investing. His admission will bring in more ‘big fish’ into the crypto-markets.

In a nutshell, the time is nigh for a Bitcoin rally to the $10,000 level. Of course, there will be the usual market correction along the way, but the general feeling is that the only direction is up for the King of Crypto.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Trusted Crypto Tumbler To Protect Your Wealth

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Back when Bitcoin originally emerged, over 11 years ago at this point, cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth.

Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues.

However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist.

In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers Continue Reading

Bitcoin

5 Best Places to Bet with Bitcoin

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It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

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Bitplaza Inc Introducing Cryptocurrency to Retail

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Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the…

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