A popular crypto strategist and trader is saying that Bitcoin (BTC) could be on the verge of a deep corrective move that takes the leading cryptocurrency to macro range lows. Pseudonymous analyst Smart Contracter tells his 197,000 Twitter followers it is possible that Bitcoin may be trading in a wide range between $69,000 and $30,000. With …
Category archives: Trending Crypto news
Bitcoin Looking Scary, According to Veteran Trader Tone Vays – Here’s His Worst-Case Scenario for BTC
Veteran Bitcoin trader Tone Vays says he’s not liking BTC’s technicals one bit as the king crypto continues struggling to find support below the $50,000 mark. In a new strategy session, Vays points out that Bitcoin is threatening to take out the 50-week moving average (MA) and close below it. The trader recalls that the …
Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022
A bipartisan group of U.S. senators have called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed into law by President Joe Biden around the tax reporting requirements on crypto. In a Tuesday letter, Senators Rob Portman, Mike Crapo, Pat Toomey, Mark Warner, Kyrsten Sinema, and Cynthia Lummis urged Yellen to …
Markets rally after FOMC meeting, but Bitcoin bears still have a short-term advantage
Bitcoin’s (BTC) price has been in a down-trend since the $69,000 all-time high on Nov. 10, when the the Labor report showed inflation pushing above 6.2% in the United States. While this news could be beneficial for non-inflationary assets, the VanEck physical Bitcoin exchange-traded fund (ETF) denial by the U.S. Securities and Exchange Commission (SEC) …
ECOMI, Aragon and Ramp breakout after Bitcoin price pushes above $49K
Cryptocurrency prices and investor sentiment reversed course on Dec. 15 after Federal Reserve chairman Jerome Powell confirmed the bank’s plan to hike interest rates in 2022 and slow down the bond purchasing program that had been in play since the emergence of the coronavirus in March 2020. Following the announcement, Bitcoin (BTC) price tacked on a …
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The Giving Block launches crypto donation service for high-net worth individuals
The Giving Block, an online platform which allows nonprofit organizations and charities to accept digital asset donations, has launched a service tailored to donors wishing to send large amounts of crypto. In a Wednesday announcement, the Giving Block said it partnered with crypto tax startup Taxbit, New York-based accounting firm Friedman LLP, and Ren to …
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Co-Founder of Tech Giant Twitch To Launch Solana-Based Gaming NFT Marketplace
The co-founder of the streaming giant Twitch is launching a new crypto project focused on gaming non-fungible tokens (NFTs). Digital entrepreneur Justin Kan, who also co-founded the law-tech company Atrium, says his new project Fractal will serve as a marketplace for gaming NFTs. Explains Kan in a new announcement, “Our mission is to create an …
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After Calling Macro Market Correction, DeVere CEO Updates Outlook on Bitcoin and Altcoin Market
The chief executive of financial services giant DeVere Group is predicting that the crypto market will recover due to deep-pocketed investors buying the dip. After accurately predicting the latest macro market correction, CEO Nigel Green tells Business Leader in a new interview that he foresees Bitcoin (BTC) reaching $100,000 sometime during the first half of …
Investors Can Expect Lack of Regulatory Clarity on Crypto Markets To Persist, According to SEC Commissioner Peirce
Two members of the U.S. Securities and Exchange Commission (SEC) are saying that the body’s recently released regulatory agenda fails to address the crypto sector adequately. SEC Commissioners Hester Peirce and Elad Roisman say in a joint statement that the SEC’s Regulatory Flexibility Agenda for the US securities markets “comes up short” as the agenda …
Kraken CEO Jesse Powell Says Crypto Exchange Eyeing Up Metaverse and Virtual World Ecosystem
The CEO of crypto exchange Kraken says that it’s working on creating a new non-fungible token (NFT) platform as it monitors the blossoming metaverse sector. In a new interview with Bloomberg Technology, Kraken chief Jesse Powell says that the rising popularity of NFTs and virtual worlds this year is something the exchange has noticed and …
Fed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US
United States Federal Reserve chair Jerome Powell hinted that though the government agency should consider monitoring developments in the crypto space, he didn’t see cryptocurrencies as a financial stability concern for U.S. markets. Addressing a question on crypto from Michael Derby of the Wall Street Journal on Tuesday, Powell supported the conclusions of a report …
Bitcoin rallies above $49K following Fed FOMC announcement of rate hikes in 2022
Bitcoin (BTC) climbed by over $2,000 on Dec. 15 as markets quickly reacted to news that the United States Federal Reserve would raise interest rates and curtail its bond-buying program starting in 2022. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Kind of what we were thinking” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting …
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Getting Started With Investing in Cryptocurrencies
Investing in the cryptocurrency market is frequently complicated, especially for investors who are accustomed to regular investment markets. This is due to the fact that investing directly in cryptocurrency necessitates the use of new technology, tools, and the adoption of some novel concepts. If you decide to dip your toes into the Crypto Currency realm, …
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Here’s Why the Current Bitcoin Correction Is Different From BTC’s Collapse in May: On-Chain Analyst Will Clemente
The current bearish price action of Bitcoin (BTC) looks different from BTC’s May collapse in a number of key ways, according to on-chain analyst Will Clemente. Clemente tells his 470,600 Twitter followers that “strong hands,” meaning entities who historically take in and hold more than 75% of their BTC, are currently buying from “weak hands,” …
CoinLoan Announces CLT OTC Deals To Support Platform Development
CoinLoan, an Estonia-based crypto fintech startup, plans to offer CLT purchase packages. Raised funds will be used to support CoinLoan development and community, expand the team and open offices around the world. CLT is CoinLoan’s native token built on ERC-20 standard and utilized for operations within the platform’s ecosystem. The maximum supply stands at 22,000,000 …
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