Bitcoin (BTC) kept markets guessing into the Wall Street open on Oct. 11 after seeing rejection on hitting its highest since May. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price teases $58,000 February high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tracking $57,000 after reaching $57,450 on Bitstamp — its best since May …
Continue reading “BTC price passes $57.4K in a fresh surge toward February resistance”
Bill Miller, a seasoned Wall Street investor and founder of Miller Value Partners, advocated for the rise of Bitcoin (BTC) during a recent conversation with author William Green but voiced skepticism around many of the altcoins birthed during 2017. Miller subscribes to the well-documented thesis that Bitcoin portrays digital gold, and unlike many of his …
Continue reading “Billionaire Bill Miller advocates for Bitcoin, but doubtful on altcoins”
The United States federal government’s default on its debt has been averted — at least for now. On Oct. 7, the Senate voted to increase the debt limit by $480 billion, a sum needed for the world’s biggest borrower to keep paying off its obligations until early December. The deal secured a temporary resolution for …
Continue reading “US debt ceiling crisis: A catalyst for crypto’s ultimate decoupling?”
Countries in the developing world will soon follow in the steps of El Salvador and make Bitcoin (BTC) legal tender, BitMEX CEO Alexander Höptner recently predicted. In a Wednesday blog post, Höptner expressed support for El Salvador adopting Bitcoin as legal tender in September, predicting that developing countries will be “leading the way” in Bitcoin adoption: …
Continue reading “BitMEX CEO predicts Bitcoin will be legal tender in five countries by 2022”
Bitcoin Price Prediction – October 11 The Bitcoin price prediction focuses at the upside as the king coin rallies above the resistance level of $56,000. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $60,000, $62,000, $64,000 Support Levels: $51,000, $49,000, $47,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is currently trading at …
Continue reading “Bitcoin Price Prediction: BTC/USD Bulls Conquers $56,000”
The settlement volumes on the Bitcoin network have been on the rise, and the metric recently reached an all-time high. On October 6, the daily settlement volume on the Bitcoin network reached a record high of $31 billion worth of transactions. These metrics are used to show the number of transactions being settled on-chain on …
Continue reading “Daily Settlement Volumes on Bitcoin Network reach Record High”
US Senator, Ted Cruz, has proposed using natural gas to mine bitcoin instead of this energy going to waste. The senator stated that crypto-mining could help to monetise energy generated through oil and gas mining activities. The senator was giving a speech during the Texas Blockchain Summit held on October 8. Nic Carter, the founder …
Continue reading “Senator Ted Cruz says Wasted Energy could be used to Mine Bitcoin”
Ethereum’s co-founder, Vitalik Buterin, has criticized the president of El Salvador, Nayib Bukele, over his Bitcoin policy that makes it mandatory for businesses and individuals in the country to use Bitcoin. According to Buterin, this move was against the “ideals of freedom” of cryptocurrencies. Buterin’s critique comes even as Bukele has previously asserted that it …
Continue reading “Vitalik Buterin Criticizes El Salvador’s Bitcoin Policy”
Shiba Inu was one of the best performing altcoins last week. The coin has gained more than 200% over the last seven days, inching it closer to its all-time highs. Moreover, the meme coin has also moved towards the top 20 cryptocurrencies in terms of market capitalization. SHIB’s market cap currently stands at over $13 …
Continue reading “Shiba Inu Price Up 2.9% to $0.00002716 – Where to Buy SHIB”
Bitcoin broke through the stiff resistance at $55,000 while Ethereum has been stabilizing in the $3,500-$3,600 range for the past few days. The Ethereum price has remained stagnant, however, many experts forecast that the network will experience tremendous growth, even reaching new all-time highs. This boom in popularity can be attributed to the growing popularity …
Continue reading “Ethereum Will Be The Next Coin To Explode – Here’s Why”
A closely followed crypto analyst has mapped out what he thinks Solana’s (SOL) route to new all-time highs will look like. The pseudonymous analyst known as Inmortal tells his 87,000 Twitter followers that the smart contract platform bounced nicely off strong support and is currently positioning for a breakout into the $220 price area. ADVERTISEMENT …
Lawmakers belonging to South Korea’s opposition People Power Party have prepared a fresh challenge to the planned crypto tax law. According to The Korea Herald, opposition lawmakers are advocating for a one-year extension to the start of crypto taxation in the country. As previously reported by Cointelegraph, South Korea’s crypto tax regime that will see …
Continue reading “South Korean opposition set to tackle controversial crypto tax law”
Bitcoin’s value, from the earliest of days, has always attracted different price predictions from many crypto analysts and sceptics alike. Kraken, a leading US-based crypto exchange, is of the opinion that the price of the flagship asset could touch as high as $100,000 before the end of 2021. This was contained in a recently released …
Continue reading “Why crypto exchange Kraken predicts a $100,000 value for Bitcoin (BTC)?”
Ethereum (ETH) miner balances continue increasing, as the metric reached a 50-month high, according to a behavior analysis platform Santiment. The on-chain and social metrics analysis provider pointed out that the amount of Ethereum held by miners reached the highest level since July 2016. Miners hoarding almost $2 billion worth of ETH The amount of …
Continue reading “Ethereum (ETH) miners are HODLing almost $2 billion in mining rewards”
Nayib Bukele, president of El Salvador, announced yesterday he will start using surplus funds from the country’s bitcoin trust. Part of the $4 million excedent will be invested in a vet hospital that will offer different services for the pets of Salvadoran citizens. Bukele explained this is possible due to the bitcoin price increase in …
