Category Archives: Bitcoin

Cryptocurrency enthusiasts celebrated on Tuesday, as the price of Bitcoin reached a record high of more than $69,000. For believers, it was a moment of vindication after a 2022 industry downturn that sent several major companies into bankruptcy and tainted cryptos reputation.

But is crypto really back from the dead? While the numbers suggest the industry is starting to thrive again, there are major differences between this bull run and the euphoria that drove crypto prices to previous highs.

Heres what to know about the new crypto surge.

The last time Bitcoin hit a record was November 2021, as cryptocurrencies became a cultural phenomenon. Crypto executives hung out with celebrities, and their companies conducted giant marketing campaigns featuring Super Bowl commercials.

Prices crashed in the spring of 2022 as some of the most prominent crypto firms were exposed as frauds. People who had poured their savings into crypto lost everything. The decline culminated in November 2022 when the FTX crypto exchange, founded by Sam Bankman-Fried, collapsed after the equivalent of a bank run, costing customers $8 billion.

Since then, Bitcoin has been on a tear. After hitting a low of roughly $16,000 after FTXs implosion, the virtual currencys price has soared to $69,000.

A major turning point for the crypto industry arrived in August when a court ruling paved the way for financial firms to offer new investment products tied to the price of Bitcoin. The products, called exchange-traded funds, or E.T.F.s, gave investors a way to dabble in cryptocurrencies without owning them directly.

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What to Know About Bitcoins Record High in Latest Crypto Surge - The New York Times

ZyCrypto

BlackRock, one of the worlds largest asset managers with over $9 trillion assets under management, is positioning itself to capitalize on the growing interest in Bitcoin by filing to add spot Bitcoin ETFs to its Global Allocation Fund (MALOX), according to an SEC filing on March 7.

This move marks a significant development in the institutional adoption of Bitcoin, as BlackRock seeks to invest in spot Bitcoin ETFs listed and traded on national exchanges, including its own iShares Bitcoin Trust (IBIT) and ETFs issued by other institutions.

The fund may acquire shares in ETPs that seek to reflect generally the performance of the price of Bitcoin by directly holding bitcoin Bitcoin ETPs including shares of a Bitcoin ETP sponsored by an affiliate of BlackRock, Blckrock said in a statement.

Blackrocks Growing Interest in Bitcoin

The decision to invest in spot Bitcoin ETFs comes as BlackRocks IBIT has seen a remarkable increase in Bitcoin holdings since its approval on January 11,2024.

The funds Bitcoin holdings have surged from 2,621 on January 11 to 187,531 as of March 7, representing a growth rate of over 7,000%. This substantial increase in Bitcoin holdings underscores BlackRocks bullish outlook on the digital asset.

BlackRocks confidence in Bitcoin is further highlighted by its belief that the optimal allocation for Bitcoin in a portfolio should be approximately 84.9%. This view aligns with the growing sentiment among institutional investors that Bitcoin is a viable store of value and a hedge against inflation.

Institutional Uptake and BTC Price Prediction

The approval of spot Bitcoin ETFs is expected to drive further institutional uptake of Bitcoin. Ernst & Young estimated that approximately $200T of institutional asset managers were sceptical about Bitcoin until the spot ETFs were greenlighted.

With more institutions entering the market, Ark Invests Cathie Wood speculates that Bitcoins price could surpass $600,000.

The approval of spot Bitcoin ETFs could have a significant impact on the market. Even with a conservative 0.5% allocation into Bitcoin by the $200 trillion institutional funds, Bitcoin could see a market cap increase of over $1 trillion. This influx of institutional capital could drive Bitcoins price to new all-time highs.

At the time of writing, Bitcoin was trading at $68,220, showing a slight pullback from its recent record highs. However, with the growing institutional interest and the approval of spot Bitcoin ETFs, Bitcoins price trajectory remains optimistic, with the potential to reach new all-time highs.

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BlackRock's Global Allocation Fund Eyes Spot Bitcoin ETFs, Expects Institutional Uptake to Drive BTC Above $600k - TradingView

While one bitcoin miner revealed Wednesday it seeks to reduce costs by closing one of its facilities, another looks to bolster revenue by supporting high-performance computing.

Texas-based Core Scientific, which emerged from bankruptcy in January, said it is set to lease up to 16 megawatts of capacity in its Austin datacenter to cloud provider CoreWeave.

The Core Scientific facility that once housed tech giant Hewlett Packard will now host infrastructure supporting applications in artificial intelligence (AI) and high-performance computing (HPC).

Possible revenue via the CoreWeave deal exceeds $100 million, the company said in a Wednesday news release.

We believe todays Core Scientific has the valuable ability to flex our asset base in order to maximize revenue and earnings, Core Scientific president Adam Sullivan said in a statement. Our diversified business model and leading scale enable us to continue operating as a low-cost bitcoin miner while also expanding our hosting customer base and diversifying our earnings streams.

The multi-year contract with CoreWeave is just the latest example of a large mining player seeking to get more involved in the AI and HPC realms.

Hive Digital Technologies went through an AI-inspired rebrand last July as part of a pivot to high-performance computing. Industry peers Hut 8 and Iris Energy also last year pointed to the segment as a priority.

Read more: Bitcoin miners seek revenue with AI, high-performance computing

Aside from diversifying revenue streams, boosting efficiency and reducing costs has been on the minds of bitcoin miners particularly as mining rewards are set to be cut in half next month.

At the time of the next Bitcoin halving, slated for mid-April, per-block rewards for BTC miners are set to drop from 6.25 BTC to 3.125 BTC.

The halving event occurring roughly every four years is expected to put financial stress on companies in the sector, likely spurring some to shut down operations or look to be acquired.

Coming off its merger with US Bitcoin Corp., Hut 8 said Wednesday it would shutter its Drumheller site in Alberta, Canada.

The move comes about a month after Hut 8 CEO Asher Genoot called out the facility for having an aging fleet and high energy rates. Repeated electrical problems at that site in recent quarters has contributed to decreased bitcoin mining production, executives have noted on earnings calls.

Read more: New Hut 8 CEO prepared to make hard decisions to nix inefficiencies

Genoot said in a statement Wednesday that elevated energy costs and underlying voltage issues has continued to impact the sites profitability.

Our restructuring plan aims to drive maximum value from our assets and position the company for profitable growth, he added.

The sites more efficient miners will move to Hut 8s Medicine Hat facility also in Alberta. Machines with an efficiency worse than 38 joules per terahash (J/TH) will no longer operate, the company noted.

Hut 8 is keeping its lease at the site to give it the option of re-energizing there if market conditions improve.

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Miners continue money-conscious moves ahead of the Bitcoin halving - Blockworks

Bitwise has publicly disclosed the address of its bitcoin ETFs holdings.

In a post on X, the company said that sharing the address was the first step toward increasing public transparency.

While the issuer is the first to make this type of announcement, that hasnt stopped internet sleuths from tracking down the addresses for other issuers, including Grayscale and BlackRock.

Read more: Lets pour one out for the first-day spot bitcoin ETF investors

Other sleuths have uncovered the addresses for VanEck, WisdomTree and Fidelity among others. Bitwise, prior to its public announcement, was also on that list according to a Jan. 22 post from Arkham on X.

The bitcoin ETFs had a rocky start following the much-anticipated approval from the Securities and Exchange Commission.

Grayscale, in particular, has seen huge outflows. Though some, as Blockworks previously reported, may stem from the FTX estate unloading its GBTC holdings.

GBTC has around $21 billion in assets, according to the firms website on Wednesday.

Read more: SECs X account fell victim to SIM swap attack

Volatility is no stranger to the bitcoin ETFs, which only received approval this month.

Prior to the SEC officially paving the way for the launches, an attacker was able to access the SECs official X account and make a fake ETF approval post. SEC Chair Gary Gensler then confirmed, via his X account, that the post was not sanctioned or made by the SEC.

The bitcoin ETFs were then approved the next day.

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Bitwise publishes bitcoin ETF holdings address after on-chain sleuths uncover BlackRock's - Blockworks

Crypto skeptics aren't changing their tune just because they can now buy bitcoin exposure through an exchange traded fund, according to a Deutsche Bank survey. Since the launch of the ETFs on Jan. 11, bitcoin has fallen about 20% to roughly $39,000, according to FactSet. So far, institutions have been slow to adopt the new funds in portfolios and retail investors aren't entirely convinced they need to, London-based Deutsche Bank analyst Marion Laboure said in a note Tuesday. The bank polled 2,000 consumers across the U.S., U.K. and Europe after the Securities and Exchange Commission approved the ETFs earlier this month. It found that more than a third of respondents believe bitcoin will fall below $20,000 by the end of this year. Furthermore, more than half of participants indicated they believe a "major cryptocurrency" will collapse entirely in the next two years. Looking at bitcoin specifically, Deutsche said 39% of survey participants think it will stick around in the coming years, while 42% anticipate it will disappear. "The survey's results clearly indicate a lack of understanding of cryptocurrencies, as two-thirds of consumers possess minimal or no understanding of these digital assets," Laboure said. She added that the negative sentiment could be tied to past events, including the collapse of FTX in 2022 as well the SEC's lawsuits against Binance and Coinbase, two of the biggest exchanges in the world. The price of bitcoin rallied in the second half of last year, largely on market expectations that the U.S. would approve its first spot bitcoin ETFs this year, bringing the asset class legitimacy as well as an easy, convenient way for investors to add it to their holdings. Despite bitcoin's January sell-off, the crypto asset still has potential tailwinds in coming months, including an upcoming SEC decision on spot ether ETFs in May and the Bitcoin halving expected in April, Laboure wrote. "The crypto world is gradually moving towards greater institutionalization as traditional financial players (tradFi) enter the market," Laboure said. "Overall, the evolving ETF landscape and participations of institutional players are helping crypto mature into a more established asset class." CNBC's Michael Bloom contributed reporting.

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Retail investors are worried bitcoin will plunge below $20000 this year, Deutsche Bank survey says - CNBC

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Invesco and WisdomTree have slashed fees by more than 60 per cent on European bitcoin products as an unprecedented number of new exchange traded funds have become available to US investors.

The US Securities and Exchange Commission approved spot bitcoin ETFs this month from the likes of BlackRock, Fidelity and Invesco.

This has led to an unprecedented supply of new products for US investors, said Gary Buxton, Invesco head of ETFs for Europe, the Middle East and Africa, and Asia Pacific.

Previously such investors would have had to look to Canadian or European providers for exchange traded exposure to the cryptocurrency, experts said.

This article was previously published by Ignites Europe, a title owned by the FT Group.

Multiple providers have lowered fees as the US market worked to find the new equilibrium between supply and demand and the resulting range of prices is considerably lower than existing tracking products in Europe, Buxton said.

Ark Investment Management had indicated it would price its US ETF at 0.8 per cent but instead launched with no fees for the first six months or until assets reach $1bn (920m). After that it will charge 0.21 per cent.

BlackRock investors will pay 0.25 per cent for its product, although early investors can access it at 0.12 per cent for the first year until assets reach $5bn.

The US price wars have settled at a level around 30 basis points, said HanETF chief executive Hector McNeil.

Below 30 bps, providers cant make money unless they attract billions of assets under management, McNeil said. He suspected most would not and would therefore close in the medium term.

WisdomTree and Invesco have reacted by cutting fees by over 60 per cent on European-listed bitcoin exchange traded products.

Fees on the $325mn WisdomTree Physical Bitcoin ETP will fall from 0.95 per cent to 0.35 per cent, while fees on the $137mn Invesco Physical Bitcoin ETP will drop from 0.99 per cent to 0.39 per cent.

Both changes were announced within days of each other and will come into effect before the end of the month.

Invescos US product will waive its fees for six months or when it reaches $5bn, at which point it will charge 0.39 per cent the same as the newly announced price on its European product.

WisdomTree Europe head Alexis Marinof said the launch of spot bitcoin ETFs in the US had captured a lot of attention in Europe.

Many investors arent aware that they have been able to access the same exposure through physically backed ETPs since 2019, Marinof said.

The launch of spot bitcoin ETFs in the US is helping the crypto market to evolve as the asset class continues to stake a claim for a place in client portfolios, he added.

In Europe virtually all digital assets exchange traded products are structured as exchange traded notes, rather than funds. Investors in ETNs own a debt security, while ETF shareholders owns a portion of a funds underlying assets.

Visit the ETF Hub to find out more and to explore our in-depth data and comparison tools helping you to understand everything from performance to ESG ratings

US-based ETF specialist VanEck has said it plans to be more aggressive in marketing its crypto products in Europe following the SEC decision.

Martijn Rozemuller, chief executive of VanEcks European business, said that as well as boosting investor interest in cryptocurrency, the SECs decision had probably helped VanEcks brand in Europe due to the media coverage of its bitcoin ETF.

US-listed products may be more liquid and therefore attract European investors, said 7IM senior investment manager Peter Sleep. This is because it is a bigger market and is not spread across multiple exchanges like in Europe, he says.

Spreads, tax and custody arrangements are also important considerations, said McNeil.

*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com.

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Bitcoin ETF fee war spreads to Europe - Financial Times

The newly launched bitcoin exchange-traded funds are showing early signs of success, but they have so far fallen short of being the massive boost for crypto some bulls predicted. The funds began trading Jan. 11 after receiving approval from the U.S. Securities and Exchange Commission, and ETFs from iShares ( IBIT ) and Fidelity Wise Origin ( FBTC ) have already raked in more than $1 billion of cash from investors in fewer than 10 trading days. Despite those quick milestones, reviews of the launches have been somewhat tepid. Citi analyst Alex Saunders said in a Jan. 19 note to clients that inflows "have disappointed the most optimistic of expectations." In his own Jan. 19 note, Barclays analyst Benjamin Budish deemed the first-week flows "marginally positive." The launches have also proved to be a "sell the news" event for bitcoin itself, which rallied late last year in anticipation of the approval. The price of bitcoin was trading below $41,000 Monday, down from more than $49,000 at one point on the launch day for the ETFs. BTC.CM= YTD mountain Bitcoin has retreated since the launch of the bitcoin ETFs. This fall comes after some crypto investors had cited the ETF launches as a catalyst that could propel bitcoin to $100,000 in 2024. The idea behind those predictions was that the ease of buying ETFs would attract new investors who were previously scared away from crypto. Aniket Ullal, head of ETF data and analytics at CFRA Research, described the launches as "a solid start, but not spectacular," and said it was difficult to get a good estimate on how the funds would do before the launch. "Nobody was quite sure what the demand was out of the gate. Because, obviously we know there was a lot of excitement around the launch, but how much of that would translate? And therefore I think there wasn't a good consensus of what a good outcome looks like," Ullal said. The flow data would look much stronger if the Grayscale Bitcoin Trust (GBTC) was excluded. The fund had more than $28 billion in bitcoin when it was converted from an over-the-counter trust to an ETF, but it has seen more than $2 billion of outflows since then. Some outflows were expected from GBTC, due to its higher cost relative to other funds and the fact that it regularly traded at a large discount to its net asset value as an over-the-counter product. That discount likely attracted arbitrage players who used the ETF launch as an opportunity to close out their trade. "It's not out of line with expectations. Considering that their fees are way higher than the other ones, I don't think it's that bad," Ullal said. All of the other new funds are seeing inflows, even if some are trailing far behind the likes of IBIT and FBTC. While the first week for the funds may not have met some outsize expectations, early inflows have been quite large by ETF standards. For comparison, only two ETFs that launched in 2023 ended the year with more than $1 billion in net inflows, according to FactSet, and both of those launched in the first half of the year. Just eight new funds ended the year with more than $500 million in net inflows. Trading volume has also been strong, a sign that the funds should have staying power. "$12B of cumulative trading volume in 4 trading days is a 'successful launch'. Yesterday, all Bitcoin ETFs combined traded $2.2Bn, IBIT traded $340Mn. In comparison, SPDR Gold ETF (GLD) trades ~$1.2bn daily," Bernstein analyst Gautam Chhugani said in a Jan. 18 note to clients. Another thing to keep in mind when evaluating new ETFs is that a launch does not mean all financial advisors are able to buy the funds on day one. Some brokerage platforms have rules around metrics such as track record and trading volume that need to be met before new funds are added. "If bitcoin prices stay fairly stable, I do feel like [there] could be longer term demand here as asset managers get into the brokerage firms and advisors get more comfortable with it," Ullal said.

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Bitcoin ETFs aren't giving crypto a big boost just yet. Here's where the new funds stand - CNBC

Bitcoin has tumbled almost 20% since BlackRock, Fidelity, and other firms launched their long awaited spot Bitcoin exchange-traded funds. Although, the cryptocurrency slightly recovered over the past 24 hours.

Analysts at crypto research firm K33 Research explain the reasons for the decline and why market participants can expect the selling pressure to ease soon.

Less than two weeks after they launched, new Bitcoin ETFs have seen nearly $1 billion in net inflows but that hasnt been enough to keep Bitcoins price up.

Structural factors, CME futures outflows, and spot selling are likely to blame, K33s head of research Anders Helseth and senior analyst Vetle Lunde wrote in a report Monday.

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Open interest at CME Group, the largest Bitcoin futures venue in the world, has declined by 28% among entities that havent issued a Bitcoin ETF, the report said.

Open interest reflects the total number of outstanding futures contracts held by market participants.

The market is experiencing structural selling, K33 said.

CME traders unsurprisingly [reduced] exposure following the ETF launch the firm said, and this could continue until it drops another 35% back to its 2023 average.

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Bitcoin is also experiencing spot selling pressure, as traders who entered well ahead of the ETF launch are now taking profit, the analysts said.

Grayscales GBTC which converted into a spot ETF is particularly relevant to current price action. The ETF has seen nearly $4 billion in outflows since January 11.

The report blamed some of these flows on the FTX bankruptcy estate, which likely exited its position, worth around $1 billion.

Market participants arbitraging GBTC are likely also closing their trades, the analysts said.

Outflows from GBTC are relentless but will, over time, dwindle, they wrote. Structural effects should play out with less intensity shortly, stabilising Bitcoins price as we enter February, the analysts added. Reduced exposure on CME will likely play out rapidly as we approach Fridays January futures settlement.

Bitwises chief investment officer Matt Hougan, who was previously CEO at ETF analytics firm ETF.com and chairman at events firm inside ETFs, echoed K33s assessment.

This is an ETF expectations-led sell-off, he posted on X. The market front-ran the ETF approval by piling into both spot Bitcoin and Bitcoin derivatives. It expected larger net flows into ETFs than weve gotten so far, and is now unwinding that bet.

Just as the market overestimated the short-term impact of ETFs, it is underestimating the long-term impact, he added.

Tom Carreras is a markets correspondent at DL News. Got a tip? Reach out at tcarreras@dlnews.com

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Why Bitcoin's 'relentless' selling will end in weeks - DLNews

Bitcoin prices recovered past the $40,100 mark on Jan. 24, 2024 amidst continued inflows and outflows involving various spot Bitcoin ETFs.

Bitcoin (BTC) was up nearly 1% over the 24 hours ending at 11:55 p.m. UTC. on Wednesday, reporting a price of $40,143 and a market cap of $786 billion. During an earlier period that lasted about five hours, Bitcoin was worth less than $40,000, and it briefly fell as low as $39,563 at 9:00 pm.

The crypto market in its entirety is up 1.8% over 24 hours. Other leading assets have also seen gains: Solana (SOL) is up 5.8%, Dogecoin (DOGE) is up 1.2%, Avalanche (AVAX) is up 2.2%, and XRP is up 0.1%. Meanwhile, Ethereum (ETH) is down 0.2%, BNB is down 1.7%, and Cardano (ADA) has seen no change.

The market saw 37,063 trader liquidations worth $105.6 million in the 24 hour-period ending at 11:40 p.m., according to Coinglass. Of those liquidations, $39.11 million involved Bitcoin (BTC) and $23.75 million involved Ethereum (ETH).

CryptoSlate Insights found that that GBTC outflows moved 19,236 BTC out of the fund on Jan. 23, an amount valued at more than $754 million.

GBTC outflows offset inflows into various other spot Bitcoin ETFs, a trend best seen in long-term data. Bloomberg ETF analyst James Seyffart reported that as of Jan. 23, GBTC has experienced $3.96 billion in cumulative outflows over 8 days, while other funds have seen $4.95 billion in inflows over the same period. This reduces overall spot Bitcoin inflows to just $982.9 million.

Any Bitcoin that enters and remains on the market is expected to increase the supply available to investors, thereby reducing prices.

Investor sentiment resulting from fading hype around spot Bitcoin ETFs may also impact prices alongside other developments.

At the time of press, Bitcoin is ranked #1 by market cap and the BTC price is up 0.74% over the past 24 hours. BTC has a market capitalization of $785.67 billion with a 24-hour trading volume of $22.06 billion. Learn more about BTC

BTCUSD Chart by TradingView

At the time of press, the global cryptocurrency market is valued at at $1.56 trillion with a 24-hour volume of $52.93 billion. Bitcoin dominance is currently at 50.30%. Learn more

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Bitcoin recovers above $40k amidst GBTC outflows, other ETF inflows - CryptoSlate

Bitcoin rebounded overnight after falling some 20% from its $49,000 high earlier in the month. Two things will drive the cryptocurrencys recovery, according to analysts.

Noelle Acheson, author of the Crypto is Macro Now newsletter and former head of research at Genesis, said on X that the drop experienced over the past two weeks will likely to be short-term, as ETF-related buying will continue as GBTC exits wane, and as geopolitical tension pushes more savings into a hedge asset.

The slide in prices showed signs of subsiding overnight.

Having fallen below the $39,000 mark, Bitcoin is now back trading over $40,000 by 1 pm UK time, up 3% since Tuesday.

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In the meantime, were seeing a glimpse of market sanity, she said as mispriced rates outlooks are being corrected.

Its happened often before, and given the tailwinds ETFs, halving, currency turmoil the market is likely to recover, especially as dip-buyers step in, Acheson said.

The recovery follows the US Securities and Exchange Commissions approval of 11 spot ETFs earlier this month, bringing Bitcoin exposure to American investors and institutions.

In the end only 10 of the issuers approved launched spot Bitcoin ETFs, as Hashdex decided not to convert its existing futures ETF into a spot fund.

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The halving refers to the process in which the network automatically, irreversibly halves the amount of Bitcoin miners can earn from appending blocks of verified transactions to the Bitcoin ledger.

Based on current estimates, the next halving will happen around mid-April.

So why did Bitcoin wobble?

The arrival of spot ETFs followed the old Wall Street adage of buy the rumour, sell the news, said Chris Kuiper, director of research at Fidelity Digital Assets.

Open interest, the total number of futures contracts held by market participants, rose towards the end of 2023 in anticipation of ETFs, Kuiper said, and the speculative fever could also be seen in the spike in perpetual futures funding rates.

The recent spat of selling and downward trend in prices doesnt suggest the long-term bull market trend has been broken, Kuiper concluded.

Furthermore, nothing in the core Bitcoin investment thesis has been invalidated, he added.

Fidelity Digital Assets research chief had warned that volatility could spike just a week before ETFs were approved and Bitcoin began to drop.

Grayscales GBTC has seen near $4 billion in outflows since the fund converted to an ETF, causing a drag on the price of Bitcoin, according to JPMorgan.

Investors had been locked into GBTC for years, including bankrupt firms such as FTX and BlockFi. The conversion to an ETF offered an off-ramp for firms in need of liquidity, and likely explains some of the selling pressure in recent weeks, according to JPMorgan.

Grayscales is also feeling the heat from other firms including Wall Street giants BlackRock and Fidelity that charge investors a fraction of GBTCs 1.5% management fee.

BlackRock, the worlds largest asset manager, charges just 0.12%, 138 basis points lower than Grayscale.

While the GBTC selloff has been labelled a drag on the price of Bitcoin, another factor was the changing macroeconomic outlook.

In December, the US Federal Reserve made several dovish signals, which traders took to mean that interest rate cuts were on the horizon. Consequently, the price of Bitcoin went up.

Those hopes are now fading as traders change their outlook on rates. The market prices in a 75% chance of an interest rate cut in March just one month ago, this has since fallen to 50% on the back of hawkish statements from central bankers.

Lower interest rates benefit risk assets like Bitcoin as investors take more risk in search of returns.

Bitcoins 24/7 nature means it can often adjust to changes in outlook and sentiment ahead of other assets. Its often a better indicator of liquidity sentiment than stocks, in that it is one of THE most sensitive assets to monetary conditions, said Noelle Acheson.

Over the past few days, weve seen a steep revaluation of rate cut expectations. Bitcoin is reacting to that, while stocks arent, she said.

Eric Johansson is DL News News Editor. Adam Morgan McCarthy is a Markets Correspondent at DL News. Tyler Pearson is a Junior Markets Correspondent at DL News. If youve got a hot crypto tip, please reach out to us at eric@dlnews.com, adam@dlnews.com and ty@dlnews.com.

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These two drivers will fuel Bitcoin's rebound: 'It's happened often before' - DLNews