Bitcoin (BTC) traders might be feeling extra euphoric after the recent 35% rally, but data suggests bears are not too worried because a similar breakout took place in mid-July and the price failed to hold the $40,000 support. To understand how bullish investors are this time around, let’s take apart the derivatives data and look …
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Genesis Digital Assets has become the latest Bitcoin mining firm to raise millions towards plans for aggressive expansion amid the exodus of miners from China due to its crackdown on the sector. On July 28, Genesis announced it had closed a $125 million equity funding round led by U.K.-based Kingsway Capital. The capital will be …
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Republican Senator and Bitcoin proponent Cynthia Lummis said that massive government spending is accelerating crypto adoption. Lummis made the comments while sharing an interview she did with “Varney & Co” on the Fox Business cable network on July 29, in which she called for a crypto regulatory sandbox and support to attract Bitcoin miners to …
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Bitcoin (BTC) and most major altcoins are attempting to break above their respective overhead resistance levels, indicating the return of the bulls. Data from Bybt shows that the Grayscale premium has been climbing and reached -5.88% on July 27, its closest level to zero since May 25. This suggests that institutional investors may have again started …
Continue reading “Price analysis 7/28: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC”
Bitcoin Price Prediction – July 28 The Bitcoin (BTC) is recovering from the recent low of $38,803 but bulls may have trouble taking the market price above $41,000. 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 At the …
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Coinbase’s IPO marked the top for Bitcoin at nearly $65,000 on April 14th, 2021 and then the cryptocurrency markets went into a three month correction – some speculate even a bear market, although BTC is showing signs of recovery, trading back over $40k this week. That IPO followed the ‘buy the rumor, sell the news’ …
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Internet Computer, the project behind the ICP token is one of the new innovative technologies in the crypto market. Although the ICP token has only been trading for about two months, the cryptocurrency has managed to show potential. ICP is currently trading at $42.37 and is up by 3.46% in the last 24 hours. This might …
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Bitcoin Price Prediction – July 28The BTC/USD price features a straight-line bullish trend since it embarks upon a recovery motion. The crypto’s valuation trades around the point of $40,337 at a percentage rate of 4.03. BTC/USD Market Key Levels: Resistance levels: $42,500, $45,000, $47,500Support levels: $37,500, $35,000, $32,500, BTC/USD – Daily ChartThe BTC/USD daily chart …
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The cryptocurrency market continues its steady recovery. Having dropped off a little yesterday, its total value has since risen by nearly 6% in 24 hours. The cap of the entire market now stands at $1.59 trillion, with bitcoin being the biggest gainer among major coins. However, gaming cryptocurrencies are also playing their part on the …
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Popular crypto trader and market analyst Jason Pizzino says Bitcoin must hold a crucial price level to have a shot at rallying to $47,000. In a new video, he stresses that despite the recent surge in bullish momentum, BTC still needs to consolidate above a key support area in order to avoid a bull trap. …
Ghana’s vice president Dr. Mahamudu Bawumia believes that African governments need to embrace digital currencies to facilitate trade throughout the continent. As reported by Ghanaweb Bawumia outlined his argument during the Fifth Ghana International Trade and Finance Conference, which boasted the theme of “Facilitating Trade and Trade-Finance in AfCFTA; The Role of the Financial Services …
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Payment provider company PayPal said its users may not have much longer to wait to have greater crypto functionality through the platform. During PayPal’s Q2 2021 investor update call today, CEO Dan Schulman said the initial version of the company’s super app wallet was “code complete.” The PayPal president said the company planned for the …
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Crypto custody bank Anchorage Digital will be providing digital asset services for the United States Marshals Service for seized funds related to federal crimes. In a Wednesday announcement from Anchorage, the digital asset platform said the U.S. Marshals Service, or USMS, “seized some amount of digital assets in recent years” which required a partner in the …
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On-chain data shows users have lost just under 310 ETH due to failed mints of Stoner Cats NFTs. At current prices, that’s around $700,000 in failed transactions. Failed mints of @stonercatstv have lost users over 300 ETH totalhttps://t.co/FDGh5aY9wB pic.twitter.com/FENY3sN0of — 0xWave (@0xWave) July 27, 2021 This issue brings to light, once again, flaws within the …
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You’d think early entrants to the Bitcoin space were a faceless group of super coders armed with powerful mining rigs and algorithms that sought to accumulate as much of the asset as possible via mining and trading. But while such a personality made part of the niche Bitcoin demographic at the time, other highly influential …
Continue reading “Roger Huang on how Bitcoin could one day be the world’s reserve currency”
