Author: Redaktion cvj.ch

A comprehensive overview of the latest developments on the ( crypto ) markets. Concisely summarized in a market commentary by the CVJ.CH editorial team. Market Commentary Bitcoin $BTC After the consolidation phase at around 36k, a selling wave took the bitcoin price back to the 50-day moving average (light blue line). The daily low came in just above the 0.618 Fibonacci point of the move between the old ATH ($20k from 2017) and the new ATH ($42k from January 8). The support around $29k serves as a first indicator of the extent of the recent correction for now. Overall market…

The world’s largest asset manager appears to be preparing for a potential Bitcoin investment. BlackRock has filed applications with the Securities and Exchange Commission (SEC) for two of its mutual funds to be enhanced by Bitcoin derivatives. BlackRock Inc. is the world’s largest asset manager with $7.4 trillion in assets under management (AuM). Last week, they filed updated prospectuses for two funds that would allow them to purchase Bitcoin futures, Bloomberg reports. The respective futures will be settled with cash settlement, so the asset itself (Bitcoin), will not be delivered. Increasing Bitcoin demand at BlackRock Already a few years ago,…

The story of a programmer who lost access to his Bitcoins, worth over 250 million Swiss francs, is making headlines. In order to better understand such incidents, it is worth taking a trip into the price history and the unique properties of Bitcoin. The case of the programmer Stefan Thomas, which was published this week by the New York Times, is impressive. Accordingly, the case has been passed on numerous times by media outlets, sometimes with sensational headlines: German loses password over 200 million Bitcoin assets! The reactions that followed stated that this was proof of an insecure cryptocurrency and…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Parabolic Movement Leads to 42’000 USD The year started brilliantly, and Bitcoin continued its parabolic price rise. During the week under review, this movement led to a new all-time high of around 42’000 USD. This high was reached on Friday’s trading session and also marked the high for the week. A first test of the market’s strength followed at the beginning of the week. On Monday, a short-term selloff took the Bitcoin price from the previously reached USD 32,000 to below USD 28,000 during the course of the day. However, incipient…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact way in retrospect in our weekly review. First of all, we wish our readers a good start into the new year. We are looking forward to keep you informed with the most important news and background information about blockchain and crypto assets in the future. Let’s start with the recent impressive price rises of Bitcoin and other cryptocurrencies. This run was made possible largely due to the conditions that were created…

A turbulent year is coming to an end. The fields of blockchain technology and digital currencies once again came to a broader attention in 2020. The most important developments of the past year in a compact annual review 2020. The recent gains in Bitcoin and other cryptocurrencies are no coincidence. The industry has ultimately evolved in the face of further clarity on legal certainty. As early as 2019, banks in Germany received formal authorization to hold digital assets as custodians for their customers. This was followed in July 2020 by the U.S. Office of the Comptroller of the Currency (OCC),…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Breakout above consolidation level at 24’000 USD leads to 28’000 USD The last week of the old year was once again a very eventful one. The pace of price increases was accelerated a bit further. But one thing at a time. We remember: The previous week was marked by a two-day bull run, which catapulted Bitcoin from 20,000 to just short of 24,000 USD. This was followed by a 7-day period of consolidation below the 24,000 mark. Accordingly, Monday of the reporting week was day 4 of the mentioned consolidation and…

The year 2020, for many a turbulent time, is slowly coming to an end. Nevertheless, the CVJ.CH team wishes all readers a Merry Christmas and a relaxing holiday season. The signs are favorable indicating that 2021 will be another substantial year for Bitcoin and the entire crypto industry. The Crypto Valley Journal will launch extended formats accordingly to cope with the rapid growth of the industry. A sneak preview: Year in Review: 2020 was a defining year for the crypto sector. The numerous progresses are summarized again comprehensively in the annual review. Outlook 2021: Predictions and expectations of the editorial…

Once again this year, we would like to sweeten the Advent season for our readers with a bit of mischief and formidable prizes. Increase your expertise every day and, with a little luck, win attractive gifts from the world of interconnected digital blocks. First and foremost, we wish our readers a Merry Christmas and a relaxing time over the holidays. Behind the twenty-fourth door is a special prize: a Bitcoin watch. Ideal for those who don’t want to be late for the next Bitcoin boom. “They always return: these classics. Timeless and elegant. That’s what we wanted to produce for…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – New all-time high On Monday, the bitcoin price moved within a narrow trading range at the 19,000 zone. At that point, investors were looking back at a 14-day consolidation phase after the all-time high of 2017 was surpassed for the first time. Only three days earlier, the price reached the lowest point of this short consolidation at around USD 17,500. The quick recovery to the highs were a first sign that the bulls did not want to hand over the handle yet. On Tuesday, the trading picture was similar to the…

Major U.S. bank JPMorgan believes that recent developments such as insurance company MassMutual investing in Bitcoin underscore increased institutional interest and anticipates $600 billion in potential demand. Larger institutional Bitcoin investments have been seen scattered through 2020. In particular, companies directly related to digitalization, such as MicroStrategy or Square, stood out. Last week, MassMutual became the first insurance company to enter the world of crypto assets. According to JPMorgan strategist Nikolaos Panigirtzoglou, this is an important milestone. Bitcoin in portfolios of pension funds and insurance companies MassMutual’s $100 million investment suggests that bitcoin adoption is spreading from family offices and…

Sygnum has successfully tokenized its shares, becoming the world’s first bank to issue its shares on a distributed ledger. Tokenization of its own shares lays the foundation for their future public offering, which includes a potential dual listing in partnership with SIX Digital Exchange (SDX). In a world’s first for a bank, Sygnum today announced the successful tokenization of its own shares using its in-house tokenization platform, Desygnate. Put simply, this means that digital representations of their shares, together with associated legal rights and obligations, have been created and are immutably accounted for on a distributed ledger. Share tokenization: a…

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Short correction after cracking the all-time high On Monday, the bitcoin price moved within a narrow trading range at the 19’000 USD area. We recall that the week before, the all-time high of 2017 was exceeded with nearly 20,000 USD. Tuesday was dominated by declines and led the price back to 18’295 USD at the end of the day. The course of trading on Wednesday, Thursday and Friday was influenced by further selling pressure, which resulted in lower daily lows- and highs on each day. On Friday, the weekly low of…

What has been happening around Blockchain Technology and Cryptocurrencies this week? The most relevant local and international developments as well as appealing background reports in a pointed and compact way in retrospect in our weekly review. A surge of institutional interest in the cryptocurrency Bitcoin is making headlines once again this week. The first company to incorporate Bitcoin into its treasury strategy on a large scale was business intelligence firm MicroStrategy. A few months ago, the company invested $250 million of its cash reserves in the cryptocurrency. According to CEO Michael J. Salor, many assets were considered, however, Bitcoin was…

MicroStrategy is looking to issue USD 550 million worth of convertible notes in order to increase its investment in Bitcoin. The business intelligence firm already owns 40,824 Bitcoins, which is equivalent to about $750 million. MicroStrategy is a publicly traded company (NASDAQ:MSTR) in the business intelligence industry. It first attracted attention in mid-August after announcing that it had allocated a portion of its $250 million in cash into Bitcoin. A press release this week has now indicated that MicroStrategy intends to issue $400 million in senior convertible notes – for the sole purpose of acquiring more Bitcoins. After exercising a…

A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko. This week in the cryptomarkets: Bitcoin’s 2017 all time high varies significantly depending on the exchange, ranging from $18,240 to $21,163 across 10 USD trading pairs. A new 6-month high for Bitcoin-Dollar trade volume was reached this week, surpassing $2 billion in a day. Order book depth on the ask side of the book collapsed as traders bought the dip during Bitcoin’s sharp mid-week…