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Bitcoin (BTC)

Bitcoin Price Analysis: BTC At Risk of More Downsides Below $25K

Bitcoin price started a fresh decline below the $26,800 level against the US Dollar. The price is now trading below $26,500 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $26,750 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could extend its decline toward the $24,500 and $24,000 levels. Bitcoin price is declining below $27,000 against the US Dollar. BTC might extend losses...

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Grayscale’s Message To The SEC After Winning In Court

After handily defeating the regulator in court, Grayscale sent a letter to the Securities and Exchange Commission (SEC) on Tuesday with key messages for the agency as it pursues next steps. Given the court’s ruling, Grayscale emphasized that the commission has run out of reasons to continue denying the launch of a Bitcoin spot ETF. No More Options for the SEC Per Grayscale’s comment letter published on Tuesday, the firm encouraged the SEC to “move expeditiously” toward spot...

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Is Bitcoin’s 4-Year Cycle Pure Coincidence? Analysis

Bitcoin’s price is well known for its four-year price cycles, which coincide with its “halving” schedule that reduces its inflation rate every four years. But is one phenomenon truly related to the other? Some analysts believe that the asset’s cyclical movements are related to macro conditions. and that the halving schedule’s congruency is pure coincidence. The Importance of Liquidity According to crypto trading analyst TXMC, the location of the Bitcoin halving is a “wildly...

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Here’s the First Level of Support if $25K Fails to Hold BTC (Bitcoin Price Analysis)

Bitcoin has been following a bearish price action over the last few weeks following the rejection from the critical $30K resistance level. Yet, there is still hope to recover. Technical Analysis By Edris The Daily Chart The price has dropped significantly from the $30K resistance zone on the daily timeframe, breaking below both the 50-day and 200-day moving averages. The $25K support level is currently holding it. Yet, the 200-day moving average, located around the $28K mark,...

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Bitcoin BSC (BTCBSC) Token Sale Goes Live Today – Stake-To-Earn Cryptocurrency Rewards

A hot new crypto project has just arrived, offering huge staking rewards and a high-potential presale that could return major gains for early buyers. Bitcoin BSC ($BTCBSC) is a new stake-to-earn project that mirrors Bitcoin as it was in April 2011 – when BTC was priced at just $0.99 and had a circulating supply of only 6 million. The project is, therefore, not only offering BTC at a price not seen in more than 12 years but also offering several notable upgrades on Bitcoin....

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Kennedy Crypto Plans Stir Controversy Amongst Experts

Not long ago, democratic hopeful Robert F. Kennedy Jr. proposed backing the U.S. dollar with bitcoin. He also promised to do away with capital gains taxes should he win the White House next year. Kennedy Has Big Crypto Ideas There are several analysts, however, that say his plans regarding USD and bitcoin are not possible. Not only that, but they also claim that his plans would do heavy damage to the U.S. economy and cause insurmountable problems. At a recent...

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BitMEX Co-Founder Arthur Hayes Says BTC Bull Market Is in Progress

Hayes believes that it may take the market another six to 12 months to fully respond to the bull run. BitMEX co-founder and former CEO Arthur Hayes has shared an eye-opener about Bitcoin (BTC) that may have flown over the heads of many industry participants. According to him, BTC has been on a bull run for about six months or so. However, the market is yet to react, he added. Arthur Hayes Says Market Will Soon Respond to BTC Bull Run Sharing his thoughts in a keynote speech at the Korea...

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Cardano (ADA) Price Analysis: Bulls Struggle To Protect $0.25

ADA price is trading in a bearish zone below the $0.265 support zone against the US Dollar. The price is now trading below $0.260 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $0.258 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.265 resistance zone. Cardano price is struggling below $0.265 against the US Dollar, similar to Bitcoin. ADA...

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