Yesterday’s FOMC meeting had a positive impact on most of the crypto market, with bitcoin spiking toward $40,000. Ever since last week’s rejection at above $40,000, the landscape for the primary cryptocurrency has been quite bearish. It neared and stood around $38,500 ahead of the highly-anticipated FOMC meeting, which took place yesterday evening. As of […]
The financial institution noted that the demand for digital assets has risen “sharply” in recent years. “We are very pleased that we can now offer our clients convenient access to these markets while upholding the highest security standards. People will receive the same documentation for their tax returns, while the funds can be easily accessed […]
Aside from ALGO, which soared by double digits, Terra and Avalanche are a few other coins with slight gains. The past several days were rather intense for the primary cryptocurrency as the asset failed at $41,000 on April 26 and headed straight south. Despite reacting well to this price drop initially and surging to above […]
To provide prospects of positive development in terms of price, the trendline needs to get broken. On the other hand, if Bitcoin is to resume its bullish trend, bulls must soon break over the 100-day moving average and restore market confidence. Bitcoin has reached the lower trendline of its declining mid-term channel, and it has […]
After marking the multi-week low yesterday, bitcoin reacted well and spiked by almost $2,000 in the following hours. As a result, bitcoin was above $40,000 shortly after, but, as it happened the last time, it didn’t stay there for long. Just the opposite, BTC slumped once more and remained below $39,000 for a few days. […]
“This move towards customers holding cryptocurrency is one of our initiatives to accelerate the new economy for newer generations, and for the future of our industry. Recently, Damac Group, the parent company of Damac Properties, announced it is looking to build digital cities in the metaverse. Another Dubai-based business, Bake N More, became the first […]
At some point, however, inflation will reach its peak, and central banks will have no other choice but to resort to yield curve control , a tool employed to prevent bankruptcy. When it is finally implicitly or explicitly declared, it’s game over for the value of the USD vs. The BitMEX co-founder, however, noted that […]
Bitcoin continues to gradually lose value and dropped to a near two-month low of just over $37,000. It’s safe to say that the primary cryptocurrency has seen better days. This time, it spiked above $40,000 again but, just like the previous example, failed to continue upwards. Ethereum was riding high several days ago as it […]
The Swiss National Bank’s Chairman Thomas Jordan revealed that the bank has decided not to have the world’s largest cryptocurrency on its balance sheet. At the central bank’s annual general meeting on Friday, the Chairman stated that SNB does not believe that Bitcoin meets the requirements of currency reserves in the current perspective. Compiling data […]
One of bitcoin’s early investors – Roger Ver – opined that Dogecoin has certain advantages over the primary cryptocurrency. The 43-year-old American Roger Ver is often called “Bitcoin Jesus” because he was one of the early investors and promoters of the leading digital assets. Ver revealed he hadn’t been a proponent of BTC for a […]
The move is another sign that big banks are embracing crypto and broadening their services to incorporate clients with digital asset investments. The big banks are following in the footsteps of more specialized firms such as Jefferies Financial Group, which is expanding banking services for crypto clients. Damien Vanderwilt, co-president of Galaxy Digital Holdings, commented […]
Bitcoin has been consolidating below its 100-day moving average for a few weeks and failed to break above it. In addition, the RSI indicator is currently around 50%, with a bullish divergence between the RSI and the price, suggesting a reversal and a new bullish leg ahead. However, unless a breakout over $42K happens, the […]
Zooming out, mining difficulty has risen by approximately 30% since a year ago when the figures were around 23.58 trillion. According to the data compiled by BTC.com, the Bitcoin mining difficulty has hit a record high after rising by over 5% on April 27. This development comes even as the crypto market has continued to […]
Yet, Wednesday’s report makes clear that Bitcoin will be made legal tender in the CAR, alongside the CFA franc. Today, the same institution came after the CAR. Cheap international transfers are also part of what made Bitcoin attractive in El Salvador, where remittance fees can reportedly exceed 30% through traditional methods. Ever since, he’s believed […]
After marking a multi-week low at $38,000, bitcoin went on the offensive and reclaimed $40,000. In a matter of hours, the cryptocurrency dumped to $40,000 and even below that level on the following day. Instead of heading further south, BTC started adding value fast and spiked above $40,000, where it’s currently situated. The altcoins suffered […]
Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. …Read the full story
The government of the Central African Republic has reportedly passed a law to embrace bitcoin as an official payment method inside the nation’s borders. A recent coverage by Forbes reads that the National Assembly – the lower house of the Parliament of the Central African Republic – has signed a bill to accept bitcoin as […]
Also, the RSI indicator is presently below 50 points and the long-term resistance trendline, indicating that the bears have regained control of the market. The $42K support has turned to a critical resistance level in the lower timeframes after the price failed to break above it. Based on what we see now in the market, […]
Soccer is sport number one in Mexico. …Read the full story
After dropping below $40,000 earlier this weekend, bitcoin has been unable to reclaim that level despite a few attempts. After the Monday crash, bitcoin went on the offensive and added several thousand dollars in about a few days. However, this is where the bears stepped up and didn’t allow any further price jumps. In fact, […]