Bitcoin (BTC) has seen an impressive rally of 44% with ten green days in a row. This rally and the substantial number of green days resulted in a sentiment shift. Practically two weeks ago, the market was comparable to a funeral, with many expecting more downside to $20,000. However, the sentiment completely shifted after the …
Continue reading “Bitcoin technicals: How low will BTC price go after failing at $42K resistance?”
Institutional outflows from cryptocurrency funds intensified last week, a sign that fund managers were still taking profits on their Bitcoin (BTC) holdings following a historic run-up through April. Digital asset investment products saw cumulative outflows totaling $19.5 million for the week ended Friday, marking the fourth consecutive weekly drawdown, according to CoinShares data. The bulk …
A popular crypto analyst who accurately predicted a pair of Bitcoin (BTC) price crashes says he might rethink a bearish call on BTC if it convincingly breaks a certain price level. The pseudonymous analyst, known as Dave the Wave, tells his 70,100 followers that no significant rallies will happen for Bitcoin until it crosses a …
Amid a renewed bullish trend on the cryptocurrency markets over the past few weeks, more users have moved into trading Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization. Data from blockchain analytics platform Glassnode shows that Bitcoin has seen a notable surge in terms of active addresses in the past week of July, with …
Continue reading “Active Bitcoin addresses surged 30% in late July, data shows”
Marathon Digital has announced the purchase of additional Bitcoin mining hardware from Bitmain. According to a release issued on Monday, the United States-based Bitcoin (BTC) mining giant has completed a purchase deal for 30,000 Antminer S19j Pro at a reported cost of $120.7 million. The news marks a continued increase of Marathon’s Bitcoin mining inventory, …
Continue reading “Marathon buys 30,000 more Bitcoin miners, targets 13.3 EH/s hashing power”
Bitcoin (BTC) dipped below $39,000 on Aug. 2 in what traders had long predicted would be a necessary reaction to recent gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin needs to hold mid-$30,000 zone Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $38,915 on Bitstamp Monday. After a successful weekend …
Continue reading “BTC price sees 6% correction in contrast to booming Bitcoin on-chain data”
Nonfungible tokens, or NFTs, are known by the mainstream as digital assets that represent real-world objects such as art, music and fashion, among others. Yet, while most of the world may be enamored by the high selling prices of NFTs launched by celebrities, athletes and other famous individuals, nonfungible tokens are starting to pique the …
Continue reading “NFTs are next for enterprise Ethereum, says ConsenSys founder Joe Lubin”
Digital asset exchange and payment platform Crypto.com says that the number of global crypto users has massively surged in the first half of 2021. In a new study, Crypto.com claims that the growth of the global crypto market has rapidly accelerated from 106 million users in January to 221 million users in June. Source: Crypto.com …
Crypto as a payment option for real estate continues to gain traction as the adoption of digital currencies for commercial transactions continues to take shape. Scott Paul, founder of Utah-based marketing agency Wooly, put up his Saratoga Springs home for sale, with Dogecoin (DOGE) as an acceptable payment method, according to a report by Fox …
Continue reading “Brand executive posts discounted Utah home listing for Dogecoin”
The Saudi Arabian Oil Company (Saudi Aramco) stirred interest among crypto enthusiasts last year after investing $5 million in blockchain-based oil trading company Vakt. While this move aimed to digitize and streamline post-trade processing, Saudi Aramco was also rumored to undertake Bitcoin (BTC) mining activities. However, Saudi Arabia’s state oil company released an official statement to …
Continue reading “Saudi Aramco dismisses ‘false and inaccurate’ rumors on Bitcoin mining”
South Korea’s top financial regulator, the Financial Services Commission, is reportedly planning to shut down a dozen local cryptocurrency exchanges amid fraud allegations. The FSC will suspend operations of at least 11 mid-sized crypto exchanges in South Korea due to alleged illegal activities and fraudulent collective accounts, local news agency The Korea Herald reported Sunday. …
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Michael Saylor, CEO of business intelligence firm MicroStrategy, has staunchly defended the company’s bullish, long-term Bitcoin (BTC) position based on its unique potential to evolve into “the future of the property.” In an interview with Bloomberg TV, Saylor argued that MicroStrategy’s big bet on Bitcoin, which it has turned to the debt markets to sustain, …
Continue reading “There’s no reason not to hold Bitcoin for 100 years, Michael Saylor says”
Rumors are circulating that Amazon could adopt crypto. Amazon, however, has denied those rumors. Last month, rumors emerged suggesting that Amazon will accept crypto payments. Meanwhile, Amazon itself has denied most speculation. Here’s what we know so far. In late July, Amazon published a new job posting that indicates the company plans to hire a …
Continue reading “Is Amazon Planning to Accept Crypto?: Here’s What We Know So Far”
Four low-cap crypto assets are surging, up 90% or more over the course of one week. As Bitcoin recovered this past week and summited $40,000 again, four altcoins jumped wildly in price, coming off their recent lows. ADVERTISEMENT The first crypto asset making a strong rally is blockchain-as-a-service provider Ardor (ARDR), which holds a …
Continue reading “These Four Low-Cap Altcoins Are All Up Over 90% or More in Just Seven Days”
Bitcoin (BTC) is at a crossroads as it starts a new week — hovering around $40,000 but with serious headwinds keeping it from bouncing higher. After an impressive weekend that saw highs above $42,500, a comedown saw BTC/USD lose the $40,000 mark. A reversal and consolidation were broadly expected — the pace of gains over …
Continue reading “Betting on tax bill FUD: 5 things to watch in Bitcoin this week”
