Bitcoin hit resistance around $59,982 on Coinbase on Tuesday, with the rejection resulting in a 10% decline that pushed prices to support near $53,500. What bulls need, therefore, is a close above $58,054, which is a supply wall marked by the 61.8% Fib retracement level of the macro swing from $64,850 down to $47,061. The […]
On-chain analyst Ki-Young Ju claims that the approval of a Bitcoin ETF in the US will drive BTC prices up. “NYSE listed the first gold ETF in Nov 2004, and the price never came back,” he noted in a tweet. He added that if Bitcoin mimics the pattern, its price may never sink below $50,000 […]
According to Patrick Sells, head of bank solutions at NYDIG, hundreds of banks have already signed up to the project. Until now, bitcoin holders have had to use apps like Robinhood, online payment services like PayPal and Square, or cryptocurrency brokers like Coinbase for their transactions. With interest rates still at record lows and banks […]
Bitcoin and Ethereum have both participated in a price increase that took place over the past 10 days, ever since Bitcoin options expired, and investors once again became optimistic about the price performance. This is a big thing for Bitcoin, especially since it is coming from a bank that has been bashing BTC for ages. […]