The crypto market has lost its sparkle lately, with bitcoin futures trading volume drying up as the flagship cryptocurrency struggles to stay afloat. Bitcoin futures open interest, which measures the buzz around upcoming contracts, has dropped to a 5-month low of $11.3 billion, according to data from Glassnode. This suggests traders are closing out positions…
It is no secret that Twitter and Square CEO, Jack Dorsey, has been a crypto enthusiast for quite some time. The people who follow him on Twitter are no strangers to this, so it really is no surprise to hear another Dorsey-Bitcoin news. In July, Jack Dorsey announced the emergence of a Bitcoin-Focused Business Division…
Este artículo también está disponible en español. Bitcoin has experienced a significant price surge since Tuesday, following the Federal Reserve’s announcement of a 50 bps interest rate cut. This move pushed BTC past the critical $62,000 mark, a psychological level that has become a turning point for investor sentiment. With Bitcoin now testing local supply,…
Popular fast-food franchise – Mcdonald’s – is receiving payments in Bitcoin, only in El Salvador. This development followed the Central American country’s adoption of the cryptocurrency as a legal tender on Tuesday. McDonald’s Accepts Bitcoin Through Lightning Network All businesses across El Salvador will be required to accept Bitcoin in exchange for goods and services.…
BTC price tabs $18,100 for the second time as price respect weekly downtrend. Price continues to trade below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe. BTC price bounced on the four-hourly chart after a bullish divergence appeared. The price of Bitcoin (BTC) has had a rough week against tether (USDT) as…
In a recent YouTube interview with TechnicalRoundup, crypto Analyst DonAlt revealed he had purchased Bitcoin after the asset fell below the $25,000 level. According to the analyst also predicted the crypto market bottom in 2022, he had two choices before opening the new BTC position DonAlt Shares Insights On Bitcoin’s Next Price Moves Explaining the…
The debate of which is the better investment between Bitcoin and Ethereum continues to wax strong between communities. This time around, it is being put to the test using MicroStrategy’s crypto investments over the years. Microstrategy is currently seeing a loss on the 130,000 BTC that it had purchased over the years, making it the…
The recent bitcoin correction down from its all-time high has had the market in a panic in the past week. However, not everyone has seen it as a bad omen. The digital asset’s price had gone down below $60,000 causing investors to believe the bear market had arrived. Mostly, small-time investors had been hit the…
After plummeting to significant lows in July, bitcoin has been locked in a sideways trading action angling towards higher prices. Still, investors are anxious to see what’s going to happen next. Last week, the Federal Reserve’s decision to squeeze more US Dollars out of circulation with another interest rate hike sent BTC tumbling. After finding…
The government of Sweden has found itself in the unusual situation of paying out around $1.5 million worth of Bitcoin to a drug dealer, whom they convicted and then jailed. Authorities are being forced to pay the man 33 BTC, after his illegally obtained bitcoin appreciated while behind bars. A Swedish Prosecutor’s Mistake Two years ago,…