The mayor of Jackson, Tennessee sees Bitcoin (BTC) as a tool that can address the declining value of the US dollar. Mayor Scott Conger says that he’s gravely concerned about the rapid rise of inflation in the country as he offers a way out of the US dollar’s deteriorating value. ADVERTISEMENT “Why do we accept …
Category archives: Trending Crypto news
$31.5K Bitcoin price on track for lowest weekly close of 2021
Bitcoin (BTC) was on track to lose nearly $3,000 this week as a weekend of mixed price behavior came to an end. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader hopes for last-minute BTC price volatility Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at just above $31,500 late Sunday — a potential -$2,800 …
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Guggenheim’s Scott Minerd Weighs In on State of Bitcoin As BTC Approaches $30,000
Guggenheim Partners founder Scott Minerd is offering a bleak short-term outlook on Bitcoin’s price action. Minerd says that he sees a breakdown in Bitcoin’s price, considering that BTC has tapped its immediate support multiple times. ADVERTISEMENT “A technician’s rule to remember with Bitcoin: ‘Every time a support level is tested it becomes weaker.’ That …
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Crypto Whales Increase Bitcoin Holdings, Adding $3,210,000,000 in BTC to Portfolios Since May: Santiment
Crypto analytics firm Santiment says deep-pocketed investors are accumulating Bitcoin amid the sustained downturn in the markets. Santiment says that a certain cohort of BTC investors has been growing in population since the crypto market crash in May. ADVERTISEMENT “Bitcoin may have dropped to [$31,000] Thursday, but the BTC ‘millionaire tier’ of addresses holding between …
Four North American Bitcoin miners that could benefit from the East-West shift
Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From building bigger data centers to acquiring hardware inventories, these establishments have been making concert efforts to balance the …
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Bitcoin sees second-longest bull market drawdown with BTC price ‘stuck’ at $30K
It’s now three months since the last Bitcoin (BTC) all-time high, but one measure suggests that holders may be waiting even longer for the next. In a series of tweets on July 17, analytics service Ecoinometrics revealed that this year’s descent from all-time highs is the second-longest in Bitcoin bull market history. $30,000 may stay …
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Federal Judge Allows Ripple to Question Former SEC Director in XRP Lawsuit
The US Securities and Exchange Commission’s (SEC) lawsuit against Ripple is taking a new turn, as a federal judge declares Ripple can depose former SEC Director of Corporation Finance William Hinman. The SEC previously sought to block Ripple from having Hinman questioned, stating that the San Francisco-based company doesn’t have the “exceptional circumstances” necessary to …
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Billionaire Mark Cuban Accumulating New Crypto Asset – Here’s the Latest on His Ethereum Wallet
Billionaire entrepreneur Mark Cuban is accumulating a new decentralized finance (DeFi) asset. A dive into one of Cuban’s publicly known Ethereum wallets shows the Shark Tank star added 75 Olympus (OHM) to his portfolio on Saturday. ADVERTISEMENT Cuban obtained the OHM in a trade executed on the decentralized exchange SushiSwap. Soon after that, crypto …
Beauty and the Bitcoin: Female-focused brands accept crypto payments driving adoption
While Bitcoin (BTC) may be considered as a store of value for many, some consumers across the globe may be thinking otherwise. Recent data has revealed that 46 million people in the United States plan to use cryptocurrency to pay for things such as groceries or real estate. Payments giant Visa further revealed in July …
Here’s one way to trade Bitcoin even as BTC price teeters over an abyss
In the last 29 days, Bitcoin (BTC) has been ranging from $31,000 to $36,000 as the impact of the recent China ban and a $1.4 billion Grayscale GBTC share unlocking continue to pressure markets. China’s government implemented a series of measures to curb cryptocurrency mining and trading by ordering the immediate shut down of some …
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This Is Why Ethereum Could Flip Bitcoin, According to Coin Bureau
The popular crypto trader and host of Coin Bureau is outlining why he thinks Ethereum (ETH) has a chance to reach a larger market capitalization than Bitcoin (BTC). In a new video, the pseudonymous analyst known as Guy tells his 1.17 million subscribers that the decentralized finance (DeFi) space has the potential to attract a …
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Historically low spot volumes and investor indecision weigh on Bitcoin price
If one word could be used to describe how the majority of participants in the cryptocurrency ecosystem feel about the near-term outlook for Bitcoin (BTC) it would be ‘undecided’, as mixed signals from all manner of indicators have many traders waiting for a significant move in either direction before planning their next entry point. A …
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Smaller Cryptoassets in Demand As eToro Investors Seek Diversification
Cardano overtakes Bitcoin as the most held crypto on eToro in Q2 Dogecoin rockets in popularity, becoming the fifth most held crypto Tron was the biggest mover in Q1 Retail investors are increasingly confident about the potential of cryptoassets, despite this quarter’s market correction, with new eToro data revealing increases in the numbers of crytoassets …
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Crypto Exchange Binance Ending Support for MicroStrategy, Tesla, Coinbase, Apple and Microsoft Stock Tokens
Cryptocurrency exchange Binance says it is ending support for stock tokens on its main trading platform. Binance says that by halting stock token purchases immediately, it can shift its focus to “other product offerings.” ADVERTISEMENT “Today, we are announcing that we will be winding down support for stock tokens on Binance.com to shift our …
Bank of America Launches Bitcoin Futures Trading for Select Group of Clients: Report
Bank of America is reportedly taking a big first step into the crypto markets. The second-largest bank in the US has launched Bitcoin (BTC) futures trading for a select group of clients, according to a report from CoinDesk. ADVERTISEMENT Anonymous sources “with knowledge of the matter” say a small number of clients are already …