Bitcoin price extended its decline below the $55,500 support zone against the US Dollar. BTC is currently recovering, but it is likely to struggle near $55,500 and $56,450. Bitcoin failed to clear $58,000 and it started a fresh decline below $57,000. The price is now trading well below $56,450 and the 100 hourly simple moving…
Bitcoin price is down nearly 10% from recent highs set earlier this month, but the underlying strength of the price action is beginning to fade ever so slightly. The weekly MACD is also turning , potentially ready to cross over for the first time in months. Here’s how such a bearish crossover could result in…
As part of an internal program, Microsoft has asked its users for their payment preferences. In a poll shared on Bitcoin’s subreddit (r/bitcoin), a user named “Jebusura” reported that the software company began polling for alternative payment methods. Microsoft asked the follow giving BTC as an option: Which of these other payment methods would you…
Bitcoin price is struggling to get back over $60,000 where the current all-time high record stands. However, according to one top crypto researcher’s take on the cryptocurrency’s Energy Value, the top is still as much as 350% away from here. A rise from current prices by 350% as predicted, would bring the price per coin…
In the Bank of International Settlements Innovation Summit, the U.S. Federal Reserve Chairman Jerome Powell referred to cryptocurrencies and their position next to the dollar. For Powell, assets such as Bitcoin present very high fluctuations in their price and have no “underlying valued”, a position familiar to the official: Crypto assets are highly volatile —…
Bitcoin price failed to gain strength above the $60,000 resistance against the US Dollar. BTC is showing a few bearish signs and it could decline towards $54,500. Bitcoin struggled to clear the $60,000 resistance and it declined below $58,000. The price is now trading well below $58,000 and the 100 hourly simple moving average. There…
Bitcoin price is losing bullish momentum. Although it has still managed to hold above support at $55,000, after a failed attempt to clear the $60,000 resistance, the trend has been down over the last week (-6.6%). Jiang Zhuoer is the CEO of BTC.Top mining pool, he claimed things might continue to go south during the…
Bitcoin price is struggling to clear the $60,000 resistance against the US Dollar. BTC is likely to start a strong decline if there is a close below the $57,000 support. Bitcoin failed to clear the $60,000 level and started a fresh decline below $59,000. The price is still well above $55,000 and the 100 simple…
Brazil Securities and Exchange Commission (CVM) approved Latin America’s first Bitcoin Exchange Traded Fund (ETF). Requested by firm QR Asset Management, their Bitcoin ETF will trade under the ticker QBTC11 on exchange B3. This platform is the world second to launch a ETF backed by the cryptocurrency, after Canada greenlighted one in February. The QBTC11…
Bitcoin is constantly the subject of controversy, bringing out pundits, skeptics, and critics of all kinds and of various domains. Economists call it a bubble, investors call it rat poison, and environmentalists claim it is slowly killing the planet. Energy FUD is an easy target for the cryptocurrency due to the complex, proof-of-work consensus algorithm…