Bitcoin (BTC)

It was a tough week price-wise in the cryptocurrency market. The total capitalization lost around $100 billion as every single coin from the top 20 is in the red. Some lost more than others, but we’ll get to that later. Kicking it off with Bitcoin. It had a relatively calm week, and even though it’s down about 3% over the period, it’s still not as bad as a lot of the altcoins. BTC was trading at around $34,000 last Friday, and apart from a brief positive spike on Monday, it...

Bitcoin Bitcoin dropped by 3% this week, reaching as low as $31,000. The cryptocurrency popped above the 20-day MA on Sunday but quickly reversed and dropped beneath it on Monday. It found support mid-week at $32,700 but continued beneath there yesterday to reach $31,185 (downside 1.618 Fib Extension) today. The short-term chart provides a closer perspective of what is going on. It shows BTC trading inside a falling price channel since the start of July. When BTC broke the...

After years of bashing Bitcoin, one of America’s largest banking establishments – Bank of America – seems to have completed its 180-turn. The organization has purportedly approved the trading of BTC futures. Citing two sources familiar with the matter, CoinDesk reported that the Wall Street behemoth will enable some of its customers to trade BTC futures. The plan to allow only a handful of clients to access the new service is because of the large amount of margin required to...

Bitcoin has been battling with tech, commodities, and ESG to emerge as one of the most popular trades over the last few months. This happens even as BTC price comes crashing down 50% from its all-time high.On Tuesday, July 13, the Bank of America released its global fund manager survey that shows Bitcoin (BTC) is the third most crowded trade after stocks and ESG. Basically, the Global Fund Survey is a monthly report aggregating the views of over 200 institutional, mutual, and hedge fund...

Tennessee city’s Jackson Mayor Scott Conger has said that the only vital way through which the economy can be saved from the growing inflation is via adopting Bitcoin as an early form of payment.Tennessee city is currently considering accepting payments in Bitcoin to combat rising US inflation concerns and deems it to be the only viable source to fight inflation and establish equilibrium in the economic index. Jackson Mayor Scott Conger has expressed that the only possible way through which...

Nouvel ajout à la liste des établissements français qui acceptent les paiements en bitcoin et autres monnaies numériques de pair à pair : Le Jardin aux Sources, restaurant gastronomique avec des chambres d’hôtes de charme au pied des Cévennes, à Brissac dans le département de l’Hérault. « Le Chef, Jérôme Billod-Morel, et son équipe vous proposent une cuisine créative. Tout est fait maison, de la...

Jackson, Tennessee, could soon implement BTC for property tax payments, according to the city’s mayor – Scott Conger. He made this statement shortly after bashing the US government for the unnecessary high inflation rates across the entire country. Scott Conger, the mayor of Jackson, Tennessee, since 2019, took it to Twitter to indicate that the local blockchain task force is looking into how the city “can start property tax payments in bitcoin.” Furthermore, he indicated...

Bitcoin cash price remained in a bearish zone below the $500 resistance against the US Dollar. The price is now trading below the $475 support and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $472 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could start a decent increase if it clears the $472 and $475 resistance levels. Bitcoin cash price is struggling to move higher above $475...

The Biden administration reportedly plans to take severe measures on the use of digital assets in ransomware attacks by starting to track such transactions. Crypto Tracing to Combat Cyber Attacks The governing body of the USA discussed how to combat the growing number of ransomware attacks during a virtual briefing with members of Congress. According to Bloomberg, the Biden administration will begin tracing digital assets sent to hackers, who harm firms, corporations, and...

Crypto volumes are continuing to fall through the floor, and according to the latest data from digital asset manager Coin Shares, trading numbers have dropped to their lowest levels. Coin Shares Data Suggests an Ugly Exodus Bitcoin has taken one of its nastiest dives in history. The world’s number one digital currency by market cap was trading for a new all-time high of approximately $64,000 per unit in mid-April, though at press time, it is trading for approximately...