Both small and rich Bitcoin (BTC) traders accumulated the benchmark cryptocurrency en masse during the period when its prices rose from below $30,000 to over $40,000, signaling their confidence in the asset’s long-term bullish setup. The basis of the upside outlook came from Ecoinometrics, a crypto-focused newsletter service. It highlighted in its latest edition a flurry …
Monthly archives: July 2021
Bitcoin Price Prediction: BTC/USD Trades Below $40,000
Bitcoin Price Prediction – July 29 The Bitcoin price is currently down with 0.82% after touching the daily high of $40,644 as it is now moving towards the $39,000 support. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $36,000, $34,000, $32,000 BTCUSD – Daily Chart Buy Bitcoin Now …
Continue reading “Bitcoin Price Prediction: BTC/USD Trades Below $40,000”
Bitcoin (BTC) Price Prediction: BTC/USD Consolidates below $40,000 High as Bitcoin Remains Bullish
Bitcoin (BTC) Price Sets for a Possible Breakout As Bitcoin Remains Bullish – July 29, 2021 BTC/USD – Daily Chart Buy Bitcoin Now Today, BTC/USD is consolidating below the $40,000 price level. Buyers succeeded in clearing the resistance zones between $34,400 and $35,000. The bulls are yet to clear the resistance zones between $40.000 to …
Bitcoin Price Prediction: BTC/USD Back Above $40,000
Bitcoin Price Prediction – July 29 The Bitcoin price restarts the uptrend after crossing above the potential barrier of $40,000 from the daily low of $39,229. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $45,000, $47,000, $49,000 Support Levels: $35,000, $33,000, $31,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is trading around …
Continue reading “Bitcoin Price Prediction: BTC/USD Back Above $40,000”
These 5 Cryptocurrency Could See Price Boom This Weekend – Where To Buy
The cryptocurrency market has consolidated after a week of encouraging growth. Its total value stands at $1.62 trillion, having risen from $1.37 trillion a week ago. This represents a jump of just over 18%, with some of the biggest rising by an even bigger percentage. Bitcoin has appreciated by 22% in a week, while ethereum …
Continue reading “These 5 Cryptocurrency Could See Price Boom This Weekend – Where To Buy”
A Comprehensive Review of WEWE Global – a New Cryptocurrency project
A Comprehensive Review of WEWE Global – a New Cryptocurrency project The year 2021 was full of new cryptocurrency projects, each with its own innovation. We’ve got Student Coin, DuckDAO, Unicrypt, and so on. But out of all the projects we encountered this year, WEWE Global has all the chances to get first place. Because …
Continue reading “A Comprehensive Review of WEWE Global – a New Cryptocurrency project”
Robinhood Stock Makes Wall Street Debut as FINRA Probes CEO
The Robinhood stock trading app is set to hit the markets on Thursday trading under ticker HOOD. However, a new investigation could create more doubts for investors. Robinhood Stock: Last-Minute Surprise Yesterday, Robinhood announced that the Financial Industry Regulatory Authority (FINRA), the self-regulator for brokerage firms and exchange markets, had launched a probe into its …
Continue reading “Robinhood Stock Makes Wall Street Debut as FINRA Probes CEO”
Veteran Investor Mark Mobius Warns That This Factor Will Determine Bitcoin’s Next Move
Renowned investor and co-founder of Mobius Capital Partners Mark Mobius says that the price of Bitcoin is at risk of breaking “lower” as more regulation causes enthusiasm for crypto to fade. In an interview with Bloomberg, Mobius predicts that an increasing amount of government attention comes down hard on the crypto sector. ADVERTISEMENT “I’m …
New bill proposes US Treasury to have full authority over fiat stablecoins
A new bill introduced by United States House Democrat Don Beyer of Virginia has proposed a far-reaching regulatory and legal framework for digital assets across the board. Entitled “The Digital Asset Market Structure and Investor Protection Act of 2021,” the bill touches on virtually all the important grey areas that continue to exist regarding cryptocurrencies …
Continue reading “New bill proposes US Treasury to have full authority over fiat stablecoins”
Binance banned in Malaysia, given 14 days notice to shut down operations
Malaysia is the latest regulatory theater to come after Binance as authorities in the country have accused the exchange giant of continuing to operate in the country illegally. According to an announcement released on Friday, the Securities Commission (SC) Malaysia has served a public reprimand against Binance, calling for the exchange and all of its entities to …
Continue reading “Binance banned in Malaysia, given 14 days notice to shut down operations”
Crypto-friendly app Robinhood loses 8% in public Nasdaq debut
Shares of cryptocurrency-friendly trading app Robinhood dropped more than 8% in its public Nasdaq debut on Thursday, marking one of the worst initial public offering (IPO) debuts of its size. Robinhood’s HOOD stock tumbled 8.4% below the IPO price in the company’s first trading session on July 29, dropping from $38 to $34.82. The company …
Continue reading “Crypto-friendly app Robinhood loses 8% in public Nasdaq debut”
Binance to shut down crypto derivatives trading in Europe
Troubled global cryptocurrency exchange Binance continues moving fast in curbing services to respond to the ongoing regulatory scrutiny worldwide, partly shutting down derivatives trading. Binance officially announced Friday that it would suspend its derivatives trading across the European region, starting with Germany, Italy and the Netherlands. The company clarified that users in mentioned countries cannot …
Continue reading “Binance to shut down crypto derivatives trading in Europe”
Binance looking to setup physical headquarters following regulatory backlash
Binance has plans to set up physical headquarters in multiple jurisdictions as a concession to the global regulatory backlash. The world’s largest cryptocurrency exchange is under pressure following numerous notices, bans, and even a criminal investigation at the hands of Thailand’s Securities and Exchange Commission. The fallout has seen payment processing partners jump ship, leaving …
Continue reading “Binance looking to setup physical headquarters following regulatory backlash”
El Salvador to officially adopt Bitcoin as legal tender on September 7
Payment processors that facilitate the immediate transfer of crypto into fiat currency and enable acceptance of Bitcoin (BTC) payments for e-commerce, point-of-sale, invoicing and remittance, have a finger on the pulse of the everyday economics of cryptocurrency adoption. Crypto payment gateway Triple A, summarized what El Salvador’s adoption of Bitcoin as official currency on September …
Continue reading “El Salvador to officially adopt Bitcoin as legal tender on September 7”
Dan Held: Bitcoin as a “sexy store of value” will eat real estate for $200 trillion market cap
Dan Held, the Director of Growth Marketing at crypto exchange Kraken, expects Bitcoin to reach a market cap of up to $200 trillion. This would price BTC at around $9.5 million per token. “It’s a wild range of numbers, but I think Bitcoin’s market capitalization should be between ten and two hundred trillion…” The leading …