The last time Bitcoin (BTC) traded above $50,000 was Dec. 27, 2021. Since then, four months have passed, but traders seem somewhat optimistic that inflation has hit the necessary threshold to trigger cryptocurrency adoption. In theory, the 8.5% inflation in the United States means that every five years, the prices increase by 50%. This essentially …
Continue reading “Afraid to buy the dip? Bitcoin options provide a safer way to ‘go long’ from $38K”
The Bitcoin price prediction indicates bearish momentum as the coin fails to cross above the 9-day and 21-day moving averages. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $33,000, $31,000, $29,000 BTCUSD – Daily Chart Buy Bitcoin Now According to the daily chart, BTC/USD hovers at $38,428. However, …
Continue reading “Bitcoin Price Prediction for Today, May 2: BTC Retraces Below $39,000”
Crypto.com has announced changes to its CRO Card rewards program, effective from June 1, 2022. The changes include a reduction in cashback, a monthly cap on the cashback receivable, and a phasing out of CRO staking rewards. The firm also recently changed its Crypto Earn program by cutting staking rewards. The community has expressed disappointment …
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Germany has recently made news for being a crypto-friendly nation that encourages citizens to hold their cryptocurrency. The German Federal Central Tax Office regards cryptocurrencies as private money for tax reasons. This means that cryptocurrencies are neither regarded as legal tender, a form of foreign currency, nor a form of property. The concept is straightforward: …
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Notorious investor, Warren Buffett, reaffirmed during the Berkshire Hathaway Annual Shareholder meeting on Saturday that he would not even pay $25 for all the Bitcoin in the world. Talking via a live stream of the meeting, Buffett believes “there are all kinds of people watching this that are long Bitcoin, and there’s nobody short.” There …
Continue reading “Warren Buffett thinks he could own 100% of Bitcoin”
Wikipedia has decided to stop accepting cryptocurrency donations after eight years of doing so. The decision is based on the request by the Wikimedia community citing “issues of environmental sustainability” as a key reason. Wikipedia Discontinues Accepting Bitcoin, Crypto Donations Wikimedia Foundation has announced its decision to “discontinue direct acceptance of cryptocurrency as a means …
Shaun Maguire, a crypto partner of Sequoia Capital, one of the venture capital firms most active when it comes to investments in the cryptocurrency space, issued its opinion on the future of many VCs investing in crypto. To him, many of the companies that are now experimenting with crypto investments will “pull back” due to …
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The start of May has seen a continuation of the weakness in crypto and equities markets and at the moment, there is no indication of any short-term factors that could reverse the bearish trend. Equities markets are also in a downtrend and according to researcher Clara Medalie, the price of stocks from companies with exposure …
Continue reading “Fed FOMC comments and Bitcoin ‘bear channel’ could kickstart a decline to $28K”
Last week, New York dominated crypto media headlines in very different ways. In New York State, the local Assembly voted in favor of the bill that would ban for two years any new mining operations that rely on proof-of-work (PoW) consensus mechanisms and use fossil fuel-generated energy. A temporary moratorium, which could be extended after …
The Bitcoin Mining Council (BMC) responded to a letter sent to the United States Environmental Protection Agency (EPA) administrator Michael Regan by Democratic legislators last month with a letter of its own seeking to rectify inaccuracies about Bitcoin (BTC) mining and its environmental impact. Penned by MicroStrategy CEO Michael Saylor, Castle Island Ventures partner Nic …
The U.S. equity markets opened on a tentative note on May 2 but a minor positive is that the crypto markets led by Bitcoin (BTC) are holding above their immediate support levels. The price action over the next few days will be dictated by the outcome of the Federal Open Markets Committee (FOMC) on May …
Continue reading “Price analysis 5/2: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT”
Cryptocurrency prices hurt by stock market weakness. XDC bucks bearish trend. CRO slumps on reward cuts. BAYC sees big demand for land sales. BTC Bitcoin lost the $40,000 support level in the last week as stock markets were hurt by the current environment of the Ukraine invasion and rising interest rates. BTC Price Index The …
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Summary: Crypto twitter member @cryptofelon has narrated how he bought a website domain for $16 and later sold it for $500k to a crypto exchange He purchased the domain in 2017 and sold it in September 2021, making a 3,124,900% Profit @cryptofelon was initially offered $500, then $200k But he insisted he wanted 10 Bitcoin …
Summary: VanEck is launching 1,000 community NFTs designed to showcase the real-world utility of Non-fungible tokens The NFTs will be launched on Ethereum this week and in collaboration with NUMOMO The VanEck Community NFT project will trace the journey of a fictional character modeled after Alexander Hamilton, one of the founding fathers of the United …
