Bitcoin has been consolidating within the $30,000 region throughout the past few days and weeks Bulls and bears have largely reached an impasse, with buyers and sellers both being unable to spark any trend This comes as large institutional inflows show some signs of tapering, with these buyers largely being viewed as the ones responsible for the recent market-wide surge The latest Commitment of Traders (CoT) report from the CME reveals a striking trend – institutions are increasingly adding to their long exposure This seems to invalidate the notion that institutions are slowing their accumulation habits and may point to an imminent wave two of buying from these parties Bitcoin has seen mixed price action as of late, with the selling pressure in the upper-$… [Read More...]
Bitcoin Daily MACD Flips Red For First Time Since $20K Was Taken
Bitcoin yesterday saw its largest daily red candle in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the MACD to turn bearish for the first time since the leading cryptocurrency by market cap took out $20K. Is this a sign of a short term reversal, or is the top of the bull market already here? Here’s what the Moving Average Convergence Divergence indicator says about the recent price action in crypto. Have Bitcoin Bears Regained Control Of The Top Cryptocurrency? Bitcoin started off the year with among its sharpest weekly advances yet, taking the asset from under $30K to above $40K. The rounded number more than double its former peak posed the first resistance … [Read More...]
Yolo Investment Firm Makes First Portfolio Exit with 5.8x ROI
Bitcoin Press Release: Estonian Fintech investment firm Yolo exits with Coolbet sports betting operator, recording 5.8x ROI. The deal was the first start-to-exit investment for Yolo Investments. 15th December 2020, Tallinn, Estonia – Gaming venture capital firm Yolo Investments (formerly known as Vereeni Investments) exited its investment in Estonia-based online gaming and sports betting operator Coolbet for an impressive 5.8x return. The acquisition of Coolbet by GAN Limited marks the first start-to-exit investment in Yolo’s portfolio. General Partner and Founder of Yolo Investments Tim Heath said: “This is a very significant milestone for all of us at Yolo. It makes us especially proud to have been the early investors for Coolbet, back when we started Vereeni Investments in 2017.” The funds will be … [Read More...]