Bitcoin (BTC)

In a public filing last Tuesday, electric car company Tesla and its CEO – South African entrepreneur Elon Musk – revealed that they have lost more than $1 billion in bitcoin. Musk and Tesla’s BTC Stash Has Gone Down the Tubes The company’s balance sheet grew by approximately $1.5 billion in BTC last February, and within two months, bitcoin had reached a new all-time high, jumping from the low $50,000 range to about $64,000 per unit. However, things took an ugly turn from...

After weeks of prolonged consolidation and choppy sideways action in a very squeezed and narrow range, Bitcoin finally broke out. Fortunately, it was to the upside. Over the past week, BTC is up by a considerable 20%. At the time of this writing, it’s trading at around $39K, having pulled back slightly from the psychological and technical resistance at the coveted $40K level. It’s also worth noting that we saw an increased trading volume over the past week, and even though...

The NASDAQ-listed software giant MicroStrategy has seen a total impairment loss of nearly $700 million in Q2 2021 from its massive bitcoin investments. As this is only on paper, though, the company pledged to double down on its BTC strategy and continue to accumulate more. MicroStrategy’s Q2 BTC Impairment Loss Michael Saylor’s brainchild has become one of the largest holders of bitcoins, with over 105,000 coins accumulated in the span of a year. However, the substantial...

Bitcoin Bitcoin saw an impressive 20% price hike this week as it reached the $40K resistance level. The cryptocurrency penetrated above a descending wedge formation last Thursday and continued above the 20-day MA level last Friday. Since breaking the wedge, BTC surged higher inside an ascending price channel as it broke the 50-day MA level for the first time since May and continued to hit the $40k resistance. It did spike above $40K, reaching $40,500 (bearish .382 Fib) but...

BTC’s recent 9 daily candle streak to the upside has been very impressive. We have been tracking the third-largest BTC whale wallet and found interesting activity and signals. The whale entity, at one point, held over 116,841 BTC. Its current total BTC holdings stand at 113,841. The recent sales from this address since April 2021 have accurately marked local tops in BTC, as shown in the chart below. Chart by TradingViewThis doesn’t necessarily mean that bitcoin’s price will...

To help traders earn more cryptocurrency, leading crypto derivatives exchange Bexplus has launched a 100% deposit bonus promotion to all traders. If you deposit 1 BTC, 2 BTC will be credited to your account. Every user can get up to 10 BTC for each deposit. Traders now can deposit BTC, USDT, ETH, XRP, LTC, and EOS and enjoy trading with 100x leverage.（Bexplus also cooperates with third-party purchasing cryptocurrency platforms, so if you don’t have cryptocurrency, it...

Les CryptoPintes, rencontres informelles autour des cryptomonnaies à Strasbourg, se déroulent mensuellement au Blue Moon qui accepte les paiements en bitcoin, en ether et la plupart des autres cryptomonnaies. La prochaine rencontre se déroulera le 4 août 2021. Où ? – Bar le Blue Moon – 24 rue des poules à Strasbourg Quand ? – Mercredi 4 août à 19h00 Le Blue Moon :...

Bitcoin cash price started a decent increase above the $500 resistance against the US Dollar. The price is now trading above the $500 zone and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $505 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is likely to accelerate higher above the $550 and $555 resistance levels. Bitcoin cash price is gaining pace above the $500 zone against the US...

Just yesterday, Live Bitcoin News reported that Amazon – arguably the biggest retailer in the world – was going to begin accepting cryptocurrencies by the end of the year as forms of payment. However, now it looks like this idea was a simple rumor, and Amazon has come out to suggest that it has no plans whatsoever in accepting bitcoin or other forms of digital assets as payments for goods or services. Amazon Says “No” to BTC Payments… For Now At this stage, bitcoin...

The International Monetary Fund (IMF) is advising all countries to avoid making bitcoin or any other form of crypto their national currencies. The IMF Advises Making BTC Anything Other Than a Speculative Asset In a blog post, the IMF advises against making any sort of digital asset the currency of a national people. While the post does not mention any specific region, many countries – such as China – have turned towards making digital versions of their national...