When it comes to the likelihood of Bitcoin losing its crown as the leading cryptocurrency, Michael Saylor of MicroStrategy thinks there’s zero chance of that ever happening. But is he right? After all, when it comes to tech, Bitcoin is way behind the competition. The Case Against Bitcoin Since day one, Bitcoin has managed to…
In an interview on CNBC’s Squawk Box, former head of the Office of the Comptroller of the Currency, Brian Brooks, spoke about the regulatory hurdles for Bitcoin. Referring to a recent speech given by the chairman of the U.S. Federal Reserve, Brooks stated that people have “migrated to Bitcoin” because of the risk of inflation…
Bitcoin price has seen some serious volatility ever since Elon Musk revealed on Twitter that his company Tesla would begin accepting Bitcoin as a form of payment. Almost immediately, the social media platform was filled with screenshots of those filling orders, but these eager buyers ready to exchange their coins could end up living with…
Bitcoin has picked up its bullish momentum in the last 24 hours. High levels of Institutional adoption, fundamentals, and on-chain indicators look bullish and point to an extension of the rally, at least, in the long term. In a recent report, Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, states that Bitcoin is in a…
Bitcoin price is reeling from a strong rejection from above $60,000 that has sent the leading cryptocurrency by market cap tumbling back down by more than $10,000 per coin. However, massive ongoing outflows of BTC continue to leave popular cryptocurrency exchange Coinbase Pro at an alarming rate. The overall lack of BTC supply that only…
Key Bitcoin Points Bitcoin rose ahead of the New York opening bell on Tuesday. Traders flocked to re-accumulate the cryptocurrency as it reached a classic support level. Trading inside a short-term falling wedge, bitcoin now anticipates extending its rebound towards $58,000. Bitcoin climbed higher ahead of the US trading hours Tuesday after dipping to $53,000…
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…