July 24, 2024
Chicago 12, Melborne City, USA
Latest News

Short-term holders are selling Bitcoin at $36K, causing the price to drop

The price of bitcoin has stabilized, but the situation remains bleak for individuals with significant stakes. As volatility subsided throughout the weekend, Bitcoin (BTC) found a new home at $36,000 on May 7. BTC/USD hovered at $36,000 overnight, after dropping 12% in just 72 hours. Despite low-volume weekend trading conditions, the pair was still near

Read More
Latest News

BTC Is Aiming for a Rally Above $43,000

In terms of the US Dollar, Bitcoin is aiming for an upside break above the $43,000 barrier level. If there is a clear rise above $43,000 and $43,200, BTC might rally. The price of bitcoin has created a base above the $38,500 mark. As a result, BTC began to rise steadily and burst through many

Read More
Latest News

Investors are being haunted by the Bitcoin Death Cross, and uncertainty looms

Bitcoin 2022 has had a terrible start to the year, with the BTC price falling by more over 10% in the first 12 days of January. Bitcoin is approaching the death cross formation on the technical chart, indicating that we may be in for more agony ahead. When the asset’s price falls below its 200-day

Read More
Latest News

Peter Brandt, a seasoned trader, examines BTC’s history of capitulation

Peter Brandt, a long-time analyst and trader, is looking at Bitcoin’s capitulation history to see if the king cryptocurrency has flushed out enough weak hands to signal a bottom. Massive volume expansions after a significant drop, according to Brandt’s 601,900 Twitter followers, generally suggest that BTC is near to restarting its upswing.“Implications of volume. Key

Read More
Latest News

Valkyrie Investments CEO, Wald Describes Bitcoin As A Digital Store Of Value

During an interview on Monday, Valkyrie Investments CEO Leah Wald discuses Bitcoin. More so, Bloomberg Quicktake interviews Wald as regarding bitcoin as store of value. She goes on to share her thoughts as regarding JPMorgan CEO Jamie Dimon’s opinion that “Bitcoin is “fool’s gold.” “If bitcoin can push past $50,000 and maintain this price we

Read More
Latest News News

Cryptocurrency market highlights: Bitcoin falls more amid extreme volatility, as altcoins fall

Due to a rise in volatility prompted by a rapid breakdown in global financial markets that resulted in a large sell-off overnight, the cryptocurrency market continues to lose money. Stock Markets Tumble Across the World Due to concerns about a probable debt default by Evergrande, a prominent Chinese property developer, sent stock markets throughout the

Read More
Bitcoin News

Bitcoin may face downside risks again.

The Ghost of the stock market crash is back again. It is haunting Bitcoin. It happened in the March of 2020. But then the prospect of a fast-spreading coronavirus pandemic led to lockdowns. Moreover, there are several lockdowns across developed and emerging economies. Corona Lockdowns This showed a significant effect on the global stock crash

Read More
Latest News

World Bank did not accept El Salvador’s request.

El Salvador requested help in the transition to using Bitcoin as legal tender. The World bank refused the request stating Bitcoin’s environmental impact and transparency as reasons. The World Bank also noted that it could help El Salvador in other ways. Alejandro Zelaya The other ways include currency transparency and regulatory processes. Alejandro Zelaya, the

Read More
Latest News

According to an FCA survey, around 2 million adults hold crypto

FCA says that crypto awareness in the UK has risen, but understanding has fallen. The United Kingdom’s Financial Conduct Authority’s new study indicates a significant increase in cryptocurrency ownership. FCA published the results of the consumer survey on Thursday. Survey The survey found out that 2.3 million adults in the UK now hold crypto assets.

Read More
Bitcoin News

Miners are looking to Texas for cheap electricity

There is a recent crypto mining crackdown in China. The crackdown has seen concerns expressed over hash rate migration impact on Texas unreliable electricity market. Moreover, an increasing number of dislocated miners are eyeing the lone star state. Renewable Energy Texas has abundant sources of renewable energy. Moreover, it has high deregulated power grid. This

Read More