Bitcoin (BTC)

On August 27, Jordan Belfort, the man that inspired the award-winning movie The Wolf of Street, said during an interview with Yahoo Finance that he was wrong when he claimed that the price of Bitcoin would reach Zero. As Belfort put it, when he made that claim in 2017, he “hated cryptocurrencies” because the market was surrounded by scams. This has been slowly changing over the years but remains an adverse effect of decentralization. “At the time that I really hated crypto, I...

Before the world was hit by COVID-19, crypto assets such as Bitcoin and Ether showed little correlation with financial markets. Post-pandemic, the lines have become increasingly blurry. In a new blog post, IMF economists said several Asian countries have fiercely adopted digital assets in the last couple of years while highlighting the need for regulation. The organization noted that digitalization can prompt a much-needed shift to an environmentally-conscious payment system...

Amidst the weekly candle close, Bitcoin’s situation continues to be bearish, following a considerable lack of demand in the market and the macro event. The price has recently plummeted towards the critical support level at $18K. Will the bears eventually break down the key level, or is bullish correction inbound? Technical Analysis By Shayan The Daily Chart The price of BTC has experienced another significant decline of roughly 8% in 24 hours after breaking below the 50-day...

The Roman Catholic Archdiocese of Washington, D.C. has selected Engiven as the platform through which his church will accept its next round of donations. The big clincher? Engiven is a cryptocurrency-based non-profit donation enterprise, meaning all money going to charities or other companies through Engiven is doled out in digital currency. Engiven Will Help with Your Church’s Crypto Donations The Archdiocese has announced that the company’s services will be utilized to...

Bitcoin-Preis: Bitcoin ist so günstig wie schon lange nicht mehr! Ein rotes Weekend für Bitcoin: Die digitale Währung Bitcoin ist am Wochenende wieder unter die Marke von 20’000 Dollar gefallen. Schon am Freitag war der Kurs deutlich abgesackt. War der Grund der Zinsentscheid von Jerome Powell? Der Fed-Chef Jerome Powell hat am Mittwoch in den USA eine weitere Leitzinserhöhung um 0,75 Prozentpunkte angekündigt, nachdem er und seine Kollegen die...

A recent survey carried out by Pew Research Center estimated that 46% of American cryptocurrency investors think their entrance into the market has done worse than expected. Only 15% admitted their investments have turned more successful than initially thought. The study further disclosed that the share of crypto investors in the US had remained relatively the same compared to figures from September last year. The lack of significant changes comes despite the fact that...

After yesterday’s price plunge towards and beneath $20,000, bitcoin has stalled and struggles to remain above that coveted line. The altcoins also suffered quite a bit at the start of the weekend, and most sit calmly now. Bitcoin Fights for $20K The previous week was particularly harmful to the primary cryptocurrency, which dumped by more than $4,000 in less than seven days to a monthly low of around $21,000. It spent most of this past week around that level, trading...

Just like the traditional markets, the crypto markets reacted badly to yesterday’s speech by Powell. Following the announcement of the continuation of the hawkish policy of the Federal Reserve, the market sentiment is bearish. Yesterday’s selloff caused Ethereum to lose more than 12% in under 24 hours. Is more pain incoming? Technical Analysis By: Grizzly The Daily Chart The price of Ethereum fell sharply against the US dollar and Bitcoin yesterday. The short uptrend that...

The International Monetary Fund (IMF) is concerned about the crypto space after the collapse of both Luna and Terra USD. The IMF Is Worried About Ongoing Crypto Use The latter was an algorithmic stable currency that lost its peg a few months ago. This resulted in not only the coin and its sister asset Luna collapsing completely, but investors ultimately losing billions of dollars overnight. The IMF said in a recent interview that this likely won’t be the only time...

In dieser Woche kam es zu einer weiteren Preiskorrektur für den BTC. Heute ging es sogar seit langem wieder unter die Marke von 20.000 US-Dollar. Ist das ein weiteres Bärensignal oder kommt es zur Trendwende? Bitcoin News: Bitcoin stürzt unter 20KSeit Mitte Juli lag der Preis nicht mehr in diesen Regionen, zuletzt konnte der BTC sogar weiter zulegen. Doch der Preisaufschwung führte uns nicht über 30K. Der Kurs stagnierte, ehe er in der aktuellen Woche sogar deutlich abgab. Im Wochenvergleich...