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Bitcoin Price Analysis: BTC Eyes Recovery Above $38K
Bitcoin price started a fresh decline from the $42,000 zone against the US Dollar. The price is now trading below $40,000 and the 55 simple moving average (4-hours). There is a connecting resistance t...
IMF Urges El Salvador to Abandon Using Bitcoin as Legal Tender
The executive board of the International Monetary Fund (IMF) has recommended El Salvador to ditch the use of Bitcoin cryptocurrency as a legal tender in the country. Such recommendations by IMF direct...
Bitcoin’s Positive Correlation With The Stock Market Index Records A Mild Increase
Bitcoin has often been touted to be a non-correlated asset that can be used to diversify risk in an investment portfolio. This may however be changing according to new data. Reuters reports that since...
‘Arivaman’ to Travel the World in a Unique and Innovative Way – Press release Bitcoin News
press release PRESS RELEASE. As the new year gets underway, there has been a lot of speculation and interest regarding what role the metaverse, crypto and VR (Virtual Reality) will play going forward....
Your Guide About Using Bitcoin in Online Casino
New technologies are changing the way we conduct daily tasks. One of the latest additions that are slowly breaking into mainstream usage is crypto. These currencies are becoming increasingly popular, ...
Binance Becomes Main Sponsor of Argentinian Soccer Association – Bitcoin News
Cryptocurrency exchange Binance has signed a partnership agreement with the Argentinian Soccer Association (AFA), one of the biggest soccer federations in the world, to become its main sponsor. With t...
NFL star’s massive tax bill highlights problems with BTC salaries
NFL Star Odell Beckham Jr’s (OBJ) decision to take his $750,000 salary in Bitcoin appears to have cost him dearly due to the market crash after he signed the deal. Owing to the vagaries of crypt...
Bitcoin's Correction Continues for Now, but Eventually It Could Go 'Parabolic,' Says Peter Brandt
The recent crypto sell-off could be a mere dip within a long-term uptrend. That’s according to chartist Peter Brandt, CEO of Factor LLC, a research and trading firm. When asked what it would take for ...
IMF Urges El Salvador to Drop Bitcoin as Currency, Citing Financial Stability Risks
The International Monetary Fund is urging El Salvador to stop using Bitcoin as legal tender citing financial stability risks. In a statement on Jan 25, the IMF acknowledged that El Salvador is “reboun...
Bitcoin, Ethereum, Cardano, and Shiba Inu Daily Price Analyses – 25 January Roundup
TL;DR Breakdown The global crypto market is continuing smoothly, gaining 1.87% in 24 hours. Bitcoin is also making up for its losses, adding 1.57% in the last 24 hours. Ethereum is also going positive...
These Ten Crypto Billionaires Have Lost $27 Billion Since Bitcoin’s Peak In November
The fortunes of the wealthiest Bitcoin, XRP and other crypto investors and entrepreneurs have imploded along with the value of digital assets. The worst may not be over. Bitcoin has fallen nearly 50%...
Indonesia’s Regulator Prohibits Financial Firms From Facilitating Crypto Trading – Regulation Bitcoin News
Indonesia’s Financial Services Authority (OJK) has prohibited financial firms from using, marketing, and/or facilitating crypto trading. The financial regulator also cautioned the public to always bew...
Bitcoin, Ethereum, Cardano, and Shiba Inu Daily Price Analyses – 26 January Roundup
TL;DR Breakdown The global crypto market is continuing smoothly, gaining 1.87% in 24 hours. Bitcoin is also making up for its losses, adding 1.57% in the last 24 hours. Ethereum is also going positive...
Bitcoin Rises Above $37K; Resistance at $40K-$43K
Bitcoin (BTC) buyers remain active, pushing the cryptocurrency over $37,000, which is near the top of week-long price range. Still, upside could be limited around the $40,000-$43,000 resistance zone o...
BTC/USD Makes Upward Correction as Bitcoin Struggles below $38k High
BTC Price Slumps as Bitcoin Struggles below $38k High– January 25, 2022 Following the January 22 price slump, BTC/USD price fell to $33,855 low as Bitcoin struggles below $38k high. At the bottom of t...
MicroStrategy CFO Recommits the Firm to Maintain Bitcoin Accumulation Strategy
Phong Le, the Chief Financial Officer of MicroStrategy Incorporated, said the company will not relent in its bullish acquisition of Bitcoin (BTC) as its Treasury Reserve Asset (TRA). The company, prim...
IMF Believes In Bitcoin Wallet For El Salvador But Not Legal Tender Status
In a press release today, the International Monetary Fund (IMF) Executive Board (Board) concluded a 2021 ‘Article IV Consultation’ with El Salvador, where recommendations on the country’s economic pol...
IMF Calls On El Salvador To Remove Bitcoin As Legal Tender
The International Monetary Fund (IMF) recently urged El Salvadoran authorities to remove Bitcoin’s legal tender status. They called it a threat to market integrity, financial stability, and consumer p...
Bitcoin Netflows Turn Negative As Investors Buy The Crash
On-chain data shows Bitcoin netflows have increasingly become negative since the crash, meaning investors have been buying the dip. Bitcoin Netflows Becoming More Negative Since The Crash As pointed o...
Bitcoin claws back from crypto crash, bear case not done
The new year has been upon us for less than a month, but the Great Crypto Crash of 2022 has already caused a lot of investors pain. The risk aversion dogging Wall Street has infected cryptocurrencies,...
Bitcoin Eyes Steady Recovery, Why Bulls Might Struggle
Bitcoin started a recovery wave above $36,000 against the US Dollar. BTC must settle above the $38,000 zone to start a steady upward move. Bitcoin is trying to clear the $37,500 and $38,000 resistance...
IMF Urges El Salvador to Discontinue Bitcoin’s Legal Tender Status
The executive board of the International Monetary Fund recommended that El Salvador discontinue the use of bitcoin (BTC) as legal tender in in the country due to the financial risks and liabilities cr...
Bitcoin Likely to Shine vs. Crypto Gaggle in 2022: Bloomberg’s Mike McGlone
Yuri Molchan Leading Bloomberg strategist believes that Bitcoin is the only crypto that is likely to reverse its price to the North this year Disclaimer: The opinion expressed here is not investment a...
Bukele’s El Salvador 23% Down On Bitcoin Investments Less Than A Year Since Adoption
El Salvador’s bitcoin experiment has been ongoing for less than a year. Things aren’t going as smoothly as the small Central American country had hoped, at least in terms of bitcoin investments as the...
Kazakhstan Powers Down Bitcoin Miners as Blackouts Roil Central Asia
Don’t expect Kazakhstan Bitcoin miners to be earning any BTC during the final week of January. The state-run Kazakhstan Electricity Grid Operating Company (KEGOC) confirmed to Bloomberg that ele...
Bitcoin’s Correction Continues for Now, but Eventually It Could Go ‘Parabolic,’ Says Peter Brandt
The recent crypto sell-off could be a mere dip within a long-term uptrend. That’s according to chartist Peter Brandt, CEO of Factor LLC, a research and trading firm. When asked what it would take for ...
Bitcoin’s correlation to the stock market continues to increase
The cryptocurrency market has recorded major price dips caused by ongoing market selloffs. While the crash has led most coins to move towards yearly lows, the correlation between Bitcoin price and the...
Elon Musk Tempts McDonald’s to Accept Dogecoin — McDonald’s Replies ‘Only if Tesla Accepts Grimacecoin’ – Bitcoin News
Tesla CEO Elon Musk says that he will eat a happy meal on television if McDonald’s accepts the meme cryptocurrency dogecoin (DOGE). However, McDonald’s replied, “only if Tesla accepts grimacecoin.” Mu...