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Bitcoin (BTC)

BTC and ETH Price Analysis: The Birth of a New Weekly High

Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.The cryptocurrency market is currently trading in the green as bullish sentiments are stirring industry-wide price gains beings led by Bitcoin (BTC). Per a deep observation of the market, the rejuvenation was spiked in the early hours of the morning as Bitcoin specifically carried over some losses from the past weekend’s trading activity.A number of...

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Bitcoin Price Going to New ATH, Visa Incorporates USDC in Its Payment Settlement System

Bitcoin price is highly correlated with the stablecoin market, thus making Visa Inc’s USDC incorporation key to the future of the crypto industry. After almost two months of consolidation, Bitcoin price may be headed to a new all-time high after breaking out on Monday. The Bitcoin breakout coincided with news from payment giant platform Visa Inc (NYSE: V) that it will allow the use of the stablecoin USDC to settle transactions on its payment network. Bitcoin was trading around $58,016.11...

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Users Can Now Book Flights With Dogecoin (DOGE) on AirBaltic

Latvia’s flag air carrier, airBaltic, has reaffirmed its pro-cryptocurrency approach by enabling customers to make bookings with other digital assets, including Ether (ETH), Dogecoin (DOGE0 and Bitcoin Cash (BCH). Those tokens have joined the list of four USD-pegged stablecoins and the first-ever cryptocurrency – Bitcoin.DOGE and ETH to Be Used for Air TravelAS Air Baltic Corporation, also referred to as simply airBaltic is Latvia’s flag carrier that has also displayed a pro-digital asset...

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BNY Mellon Refers to S2F Model and Gold Comparison to Determine Bitcoin’s Value

A few months after launching Bitcoin custodial services in the US, the nation’s oldest bank, BNY Mellon, has doubled-down on its interest and involvement with the first-ever cryptocurrency. It has published a report attempting to determine bitcoin’s value by comparing BTC with gold and referring to the popular stock-to-flow model.BNY Mellow Evaluates BTCIt wasn’t that long ago that giant banks steered clear from the entire cryptocurrency industry while only making brief and rare comments...

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Bitcoin Price Analysis: BTC Soars $3,500 in Hours, Now Facing Critical Resistance

After a calm and stable weekend, Bitcoin starts the new week following exciting news about Visa accepting payments in USDC.Over the past week, BTC recorded its lowest price in 2.5 weeks. This happened on Thursday.However, Bitcoin showed strength, finding support on top of the 50-day moving average line (marked pink as can be seen on the following chart) and maintaining this critical support area (around $51k) on a daily timeframe.Over the following days, the strong momentum continued as...

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Visa to Settle USDC Transactions on Ethereum

Visa is to become the first large payments network to use a stablecoin as a settlement currency. By partnering with the popular cryptocurrency exchange Crypto.com, the San Francisco-headquartered giant will offer a crypto settlement system for fiat transactions based on the Ethereum blockchain. According to the announcement from earlier today, Visa has joined forces with Crypto.com to bring its first-ever non-fiat settlement program.  The company’s standard settlement process requires parties...

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From Criticizing to Buying Bitcoin in Weeks: Norwegian Billionaire Joins the Club

Earlier in March, he called bitcoin “nonsense” and criticized its energy consumption levels. A few weeks later, the Norwegian billionaire, Øystein Stray Spetalen, said he was wrong about the first-ever cryptocurrency and even bought some for himself.Early March: Bitcoin is NonsenseThe 58-year-old Spetalen is the founder of SD Standard Drilling Plc and Standard Drilling ASA. He’s a well-renowned investor and trader who began his trading career in 9th grade.During a DNB Invest conference in...

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Stellar Lumen (XLM) Price Primed To Gain Strength If It Clears $0.41

Stellar lumen price is facing resistance near $0.4100 and $0.4350 against the US Dollar. XLM price is now consolidating just below $0.4000 and above the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.3800 on the 4-hours chart (data feed via Kraken). The pair must clear the $0.4110 and $0.4350 resistance levels to continue higher. Stellar lumen price is showing positive signs above $0.3800 against the US...

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Fake Bitcoin Sellers Steal Close to $500K From Victims

Two suspects have been accused of stealing almost $500,000 from unsuspecting victims in fraudulent bitcoin transactions in Hong Kong.Fake It Till You Steal ItAccording to a report by the South China Morning Post on Tuesday (Mar. 23, 2021), the victims, aged 33 and 31, were deceived by two con artists in a fake bitcoin transaction. The cons who posed as bitcoin sellers managed to steal HK$3.85 million ($495,650) from the victims.The victims, who work at a money exchange company, went to a shop...

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