Concerns about possible US regulation add to the anxiety as market sentiment calls for losses, not gains, to shape Bitcoin’s next moves. Market Update Bitcoin (BTC) created resistance at $37,500 on Friday amid growing consensus that a fresh pullback is underway. BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView Sponsorship signal lowers expectations Data from Cointelegraph … Read more
Bitcoin has so far been very sensitive to any decision coming from the Federal Reserve, experiencing massive sell-offs in a positive response to inflation. This has caused many to worry about how Bitcoin will perform in an environment of rate hikes, given the fact that the Federal Reserve is considering four rate hikes by 2022. … Read more
Russian President Vladimir Putin in a video conference held on January 26, told government officials that Russia has a certain “competitive advantage” in mining cryptocurrencies like Bitcoin. He also added that the government should conduct some discussions on the matter to reach a satisfactory “consensus”. Putin gives hope to Russian crypto investors. Vladimir Putin, while … Read more
The jury is out what data to trust when it comes to Bitcoin putting in a local price close to – or below – $30,000. Market News Bitcoin (BTC) could still drop below $30,000 but several prominent sources have called for an end to the latest bearish trend for BTC/USD. In one tweet 25, Mike … Read more
Popular CNBC host Jim Cramer pointed out that the current ongoing sell-off in two of the world’s most important cryptocurrencies may be coming to an end, citing research from the expert. Tom DeMark test. According to Coin Metrics, Bitcoin hit its lowest level since July on Monday, dropping to $32,982.11 per token. During the trading … Read more
Cathie Wood’s firm ARK Invest has made a great prediction on the price of Bitcoin and Ethereum. As their Big Ideas Summit 2022 (BIS 2022) reports, Bitcoin could surpass $1 million in value by 2030. Ethereum will also expand its market cap significantly to $20 trillion over the next decade. Both Bitcoin and Ethereum Will … Read more
An increasing number of Salvadorans have been experimenting with Bitcoin since the country adopted it as a legal tender. But only a small fraction of the Central American nation’s businesses use Bitcoin payments. Well, technical problems have hampered the government’s adoption of cryptocurrency, disappointing even users who have committed to using the technology. Needless to … Read more
Bitcoin, the largest cryptocurrency recently gathered some strength to push outside the resistance area. At press time, BTC is up over 4% to hit the $37.7k mark. This sounds fine, however, the king coin suffered a huge shock from its previous ATH, $64k last year. The indicators are still signaling a downtrend regarding BTC. Fear … Read more
Content Correlation between Cryptocurrencies and Stocks Strengthens New “buyers” appear: experts In a recent article Bloomberg reported that Bitcoin’s rally today to $38,000 in Hong Kong is correlated with the growth of US futures. The second event comes before the upcoming meeting of the Federal Reserve. So far, the leading cryptocurrency has returned to its … Read more
Digital asset manager Valkyrie has filed with the SEC to list a new Bitcoin-focused exchange-traded fund on Nasdaq. During the filing, Valkyrie emphasized that its Valkyrie Bitcoin Miners ETF will invest 80% of its net assets in companies in the crypto mining ecosystem. The ETF is pending approval and will mark the crypto asset manager’s … Read more