The Securities and Exchange’s relationship with spot Bitcoin ETF applicants continues to take interesting turns with this new development. The U.S SEC has extended until 1 July the deadline to decide whether to approve Bitwise Bitcoin ETP Trust’s listing on Nasdaq. Unfortunately, it wasn’t the first time, the applicant faced a delay. Despite the same […]
The last five days witnessed the rise of Bitcoin’s price from $38,779 to $42,736, only to witness a drop, with the price of BTC standing at $39,584 at the time of writing. With the current movement of BTC, there is a high possibility of it visiting the $37,000 arena. Aashna is a news editor with […]
Bitcoin price on the one-hour chart set a swing high at $42,208 and broke this structure only to set a higher high at $42,988. After this market structure break or MSB, Bitcoin price crashed suddenly and flipped the said demand zone into a bearish breaker. Hence, a short-term play would be to enter a short […]
MicroStrategy, a Bitcoin-accumulating business-intelligence software company is known for holding a total of 129,218 Bitcoin. In a thread posted on Twitter, the analysis seems to suggest that MicroStrategy started selling some of its Bitcoin holdings for the first time. Recent transactions made from the main custodial wallet show that more than 1500 Bitcoin were sent […]
Although this setup has a bearish outlook after the breakout, BTC’s current position suggests that a retest of the upper trend line is plausible. After a brief period of consolidation 10% to where it currently trades – $41,565. A quick surge in buying pressure that pushes BTC above these two hurdles will propel it to […]
Likewise, Bitcoin has breached the critical support level of $40,000 and has now embarked on a downward trend toward the $38,000 region. A look at the price charts for this coin within the 24-hour period revealed that the Money Flow Index at the time of this press was around the 13 regions in an upward […]
Also, other Bitcoin Futures ETFs approved over the last year were approved under the Investment Company Act of 1940. “It really is, a matter of when and not if” there is a Bitcoin spot ETF, Sonnenshein said. In a 29 March Bloomberg interview, Grayscale‘s CEO opined that his company would consider suing the SEC if it […]
Ripple CTO David Schwartz was the guest this week on the latest episode of the Thinking Crypto podcast. He further mentioned that the XRP Ledger is a great way to deliver NFTs owing to its green design and the low costs involved. When comparing the XRP ledger with the Ethereum network, Schwartz pointed out that, […]
Back in November 2021 – cryptos were on a roll and it seemed like nothing could stop them. Is a further fall likely or can it recover from hereon? There was some hope less than a month ago when Bitcoin started recovering. The ratio between on-chain and off-chain volume, that is futures and spot volume, […]
He advocated a community-driven approach for Bitcoin’s rapid growth with a large diversity of enthusiasts across the world. There’s always more products, more companies, more podcasts, there’s always more things to be written. Another panelist, Margot, from Bitcoin Policy Institute, added her bit on the subject. Historically such outflow patterns lead to drastic price rises […]
Is Bitcoin going up or down? Every analyst has their own answer and as investor sentiments get muddled, so does the king coin’s price. Something definitely has bulls in a tizzy and it’s the fact that more than 25,000 BTC moved off the exchanges in the past day. 📊 25,878 #Bitcoin were moved off of […]
However, things changed when the 25th biggest crypto by market cap saw a single-day rally of 11.46%, as well as a weekly rise of 2.55%, bringing its price to $342.94. According to Santiment, there was a spike in active addresses starting from around 10 April, coinciding with BCH’s rally. Another factor that triggered the rally […]
The most recent market shakedown that saw Bitcoin falling below $40k may have scared off plenty of new crypto traders who easily panicked. At press time, BNB was the fourth biggest crypto by market cap, trading at $418.66 after rising by 2.63% in the last 24 hours. However, that doesn’t necessarily mean everyone is buying. […]
This suggested a lack of interest in the coin, and unless this trend changes, sideways movement on the charts could become the norm. The mid-point of this range lay at $332, and would likely offer some resistance to the bulls. The RSI pictured strong bearish momentum at press time, in response to BCH’s drop from […]
Currently ranked as the 9th biggest crypto-asset in terms of market capitalization, Terra’s LUNA does not appear to be performing all that well. The Luna Foundation Guard has been busy snapping up Bitcoin lately. On 7 April, the foundation revealed that it boosted its stablecoin reserves by the acquisition of Avalanche tokens worth $100 million […]
The Miami Bitcoin conference wrapped up on 9 April with the largest Bitcoin gathering of over 35,000 attendees. A strong statement coming from such a reputable investor was a huge vote of confidence for the crowd. Another prominent public figure lamented Bitcoin’s potential at the Conference. Notably, institutional adoption is a major factor in deciding […]
Its tragic fall from the beginning of November 2021, after hitting its all-time-high just above $69k to the beginning of February – left a scar in people’s minds. Amid all this, there was some jubilation, as, towards the end of March, BTC had managed to breach the $45k mark and touched $48k. It is still […]
Bitcoin price might have crashed on 6 March and the short-term outlook could appear bearish, but the long-term outlook remains bullish as ever. Based on Santiment’s research a value below -10% indicates that short-term holders are selling at a loss and is typically where long-term holders tend to accumulate. Hence, a value below -10% is […]
Bitcoin’s price entered a correction zone after peaking above $48,000 towards the end of March. The pullbacks observed in the last few days have also registered strong recoveries, a sign that many wallets are holding on to their Bitcoin. Bitcoin’s current price level is in a zone of uncertainty, and perhaps evaluating some of its […]
The coin is still selling at a discount when compared to its ATH and many know it well, with Bitcoin largely leaving the exchanges. The volume of Bitcoin traded in the first quarter of 2022 is down by more than 25% when compared to 2021. On that note, it’s a good idea to remember that […]