Bitcoin (BTC)

Litecoin started a fresh decline from well above the $58 zone against the US Dollar. LTC price is now trading below $55 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $53.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a decent upward move if it clears the $54 and $55 levels. Litecoin price is struggling below $55 against the US Dollar, similar to bitcoin. LTC price...

The Brazilian authorities reportedly ordered Glaidson Acácio dos Santos (known as “Bitcoin Pharaoh”) to deposit 19 billion BRL (nearly $3.7 billion) in court. This sum will be transferred to more than 122,000 investors and creditors who have become victims of his fraudulent cryptocurrency scheme. Last year, the Brazilian Federal police organized a special mission called “Operation Kryptos,” following which they halted Santos’ illegal activities. In addition, they confiscated...

The authorities of Colorado announced that state residents can now pay their taxes in cryptocurrencies instead of fiat. Among the supported digital assets are the two biggest by market capitalization – Bitcoin (BTC) and Ether (ETH). Still, Colorado’s Revenue Department is not allowed to accept direct crypto payments, which is why it partnered with PayPal, which will help with the transactions. Colorado’s Pioneering Move The State’s officials disclosed that Colorado residents...

Following a two-day Federal Open Markets Committee (FOMC) meeting, the Federal Reserve has risen its benchmark interest rate by another 75 BPS.  Bitcoin’s price reacted erratically to the news, dropping by $1000 mere moments after the announcement.  The hike, revealed at 18:00 UST on Wednesday, takes the central bank’s new policy rate up between 3.0% to 3.5%.  Most investors expected a 75-point rise heading into the meeting, but markets had priced in a roughly 15% chance of a...

Despite the overall bearishness of the crypto market, there are many analysts out there that seem to believe bitcoin still has what it takes to hit a $100,000 price. Bitcoin Is Stronger Than It Looks Right Now The state of bitcoin is rather poor as of late. The world’s number one digital currency by market cap has fallen into the doldrums and crashed like no other currency this year. The digital asset was trading for a new all-time high of about $68,000 per unit last...

Simeon Hyman is the global investment strategist at Pro Shares. He recently sat down to discuss the current state of the crypto market and what he thinks the future holds. Simeon Hyman on the State of Crypto Pro Shares is famous for releasing the first official bitcoin exchange-traded fund (ETF) last year. While the product got a lot of flak for being based on bitcoin futures rather than actual spot trading – the former being considered less stable than the latter – it...

Bitcoin continues to test the $18.5K support level as the bulls lack the strength necessary to move the price up. Investors have been seeking safer options amidst fears of stagflation. As a result, the DXY index has increased. Technical Analysis By Grizzly The Daily Chart On the daily chart, the recent bullish leg has come to an end after the price hit the top of a descending channel (in light blue). Despite this, Bitcoin is currently trading above the horizontal support...

It was just over a year ago that famed bitcoin podcaster Peter McCormack purchased Bedford FC, a professional football club. While the move seemed odd at the time it occurred, it seems to have allowed the team to move in the right direction, proving once again that crypto and sports go hand in hand. Peter McCormack Had a Vision for the Team Bedford is now known as Real Bedford, and the team is on its way to the new South Midlands Football League Division One campaign....

21Shares launches Short Ethereum ETP and Ethereum Core ETP After the successful Ethereum Merge 21Shares launches two new products – the 21Shares Short Ethereum ETP (SHETH) and the 21Shares Ethereum Core ETP (CETH) as part of the company’s Crypto Winter Suite – a set of products designed for the bear market. Eliézer Ndinga, Director of Research at 21Shares comments on the Ethereum Merge: “The Merge is arguably one of the most positive developments in...

Crypto mining has been around since the first Bitcoin was mined back in 2009. It is a time-worn concept, as almost everyone with the basic knowledge of cryptocurrencies knows about it. Crypto mining is the process of gathering cryptocurrency as a reward for the work that you complete for a network. You gain crypto by solving complex cryptographic equations with the help of your computers. The process usually involves validating blocks of data and adding transaction...