The Caribbean nation of Venezuela keeps registering firsts on the book. They have arguably the first-ever CBDC, the infamous Petro, and now this. The first-ever Bitcoin Mining Museum. And even though Bitcoin is barely 12 years old, the idea makes sense. Everything has been moving too fast in that arena, someone needs to register it…
Bitcoin price extended its decline below the $31,200 support against the US Dollar. BTC remains at a risk of a larger decline below the $30,000 support zone. Bitcoin remains in a bearish zone and it even broke the $31,000 support zone. The price is now trading well below $32,000 and the 100 hourly simple moving…
Algorithmic currency protocol OlympusDAO (OHM) has been outperforming Bitcoin and Ethereum despite the recent downtrend. In the 7-day and 30-day charts, OHM records a 38% and 126% profit, respectively. A report published by Delphi Digital concludes that OHM has been displaying countercyclical behavior. As reported by NewsBTC back in April, this protocol took the market…
The Brazilian Securities Regulator, Comissão de Valores Mobiliários (CVM) gives approval for an Ether exchange-traded fund (ETF). The holding company of QR Asset Management, QR Capital, announced the approval. 🔴 BREAKING: CVM aprova o 1º ETF de Ethereum da América Latina, o QETH11. O ETF da QR Asset Management, gestora do grupo QR Capital, será…
Bitcoin on-chain data has revealed that miners have started selling more BTC on exchanges, an indicator that a bear market could be ahead. Miners To Exchanges Flow Has Sharply Risen As pointed out by a CryptoQuant post, the all miners to all exchanges flow mean for Bitcoin seems to have sharply risen this past weekend.…
Bitcoin price is trading in a bearish zone below $33,000 against the US Dollar. BTC could extend its decline and it could even dive below $30,000. Bitcoin remains in a bearish zone, but it is holding the $31,000 support zone. The price is now trading well below $32,500 and the 100 hourly simple moving average.…
Woori Bank, the South Korean financial institution, enters the DACS (cryptocurrency custody services) market. The Woori Financial Group will start offering its client cryptocurrency custody services. It is among the largest South Korean financial institutions. Related Reading | Nifty’s Inc. Partners With Warner Bros To Roll Out A Social NFT Platform The banking unit of…
Bitcoin has recently fallen below a $32,000 critical hold point and in response, retail investors have taken this as an opportunity to make money from the falling bitcoin price. So far, retail investors have started loading up on shorts, an incredibly bearish metric for the market. Retail investors load up on shorts | Source: Twitter…
A rare bullish bitcoin signal, the difficulty ribbon compression, has started pumping up for the first time since the bull run started. The Bitcoin Difficulty Ribbon Compression Goes Up As pointed out by a BTC analyst on Twitter, the difficulty ribbon compression seems to be going up for the first time since the bull run…
Bitcoin has jumped back from its critical support zone at $31,200 and trades at $31,835, at the time of writing. The first cryptocurrency by market cap has seen an increase in selling pressure during this week. Experts predict another capitulation event, but they can’t agree on the timing and volatility. BTC with small gains in…