Fidelity

Bitcoin retail traders have a lot to lose if this happens

MicroStrategy’s $500M investment in Bitcoin, now its primary asset reserve, has consistently made the headlines for over a week. Significantly, this move was viewed as an indicator of institutional interest since it has long been considered to be an important driver of Bitcoin’s price. During the historic bull run of 2017, institutional interest was key to the rally. In fact, at the time, the launch of CME’s Bitcoin Derivatives was considered to be a bold move during the bull run. Source: SkewInstitutional interest was hitting a peak in mid-August, and

Bitcoin Looks Almost Exactly Like It Did Prior to the 2016-2017 Explosion

Bitcoin has seen a strong reversal over the past few days after it was once again rejected at $12,000. The leading cryptocurrency now trades for $10,500, trading around pivotal technical levels. BTC has yet to post a notable close above or below these pivotal levels, but traders are keeping a close eye on the charts. One analyst argues that Bitcoin’s recent weakness is actually just par for the course. He notes that from a macro perspective, BTC actually looks similar to where it was when it began the 2016-2017 exponential

How to Read Crypto Charts: A Beginner’s Guide

The first time you look at crypto price charts, they may look like hieroglyphics to you. But the good news is price charts are actually easier to read than you may think. In this guide, you will learn how to read charts, and how to use some basic technical analysis tools that you can use to help you make trading decisions. Line and Candlestick Charts You probably remember line charts from high school. They work the same way on a digital currency chart as they do while graphing other things

Blockchains Unlock Institutions with Internet Scale

Reading Time: 4 minutes From Promises Enforced by Law to Promises Enforced by Code Blockchains are the first technology ever invented that gives software systems the ability — without trusted intermediaries — to make highly credible promises. These promises are enforced by a novel combination of technological innovations spanning peer-to-peer networking, encryption, and consensus mechanisms. The first blockchain was created in 2009 by Satoshi Nakamoto as a solution to the long-standing problem of how to create a digital currency that operates outside of the control of banks and governments. This