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Bitcoin (BTC)

Bitcoin Cash Analysis: Risk of Break Below $300

Bitcoin cash price started a fresh decline from the $344 resistance against the US Dollar. The price is now trading below the $310 zone and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $315 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if there is a break below the $300 support in the near term. Bitcoin cash price is struggling below $310 against the...

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Le plan B de Lugano (Suisse)

Lors d’un événement diffusé aujourd’hui en direct, la municipalité de Lugano, située au sud de la Suisse dans le canton du Tessin, a annoncé qu’elle permettrait désormais à ses administrés de payer leurs taxes et leurs factures en bitcoin et en Tether (un stablecoin répliquant l’USD). Elle souhaite par ailleurs encourager toutes les entreprises de la ville à utiliser des cryptomonnaies pour leurs...

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DeVere Group CEO: The Russia-Ukraine War Can Push Bitcoin to $50K Soon

Nigel Green – CEO of deVere Group – believes the Russia-Ukraine conflict could be the catalyst that propels a surge for BTC’s price. The exec suggested that bitcoin reaching $50,000 by the end of March is not out of the question. BTC to Gain Traction Because of the War Despite the Russian invasion of Ukraine and the peace uncertainty across Europe, bitcoin’s price started climbing recently. The asset’s USD value is up by more than 15% over the last five days, as many argue...

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Report: Crypto Mining Will Double in About Six Years

Despite heavy calls from environmentalists to end the practice, it doesn’t look like crypto mining is leaving us anytime soon. In fact, it appears that the space is going to get even bigger in the coming years. Crypto Mining Continues to Expand There is a widespread desire for digital assets, and as this desire grows, miners are being asked to place more units into circulation. Thus, crypto mining is still very much in style, and so long as people continue to demand...

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Wharton Prof Calls On Fed To Defend Dollar From Bitcoin

Jeremy Siegel – Finance Professor at the Wharton School of the University of Pennsylvania – said the Federal Reserve needs to tighten its interest rates fast. With inflation spinning rapidly out of control, he called on the central bank to protect the dollar from devaluation, and from a possible Bitcoin “take over”. Dollar in Danger, Says Siegel In conversation with Rebecca Quick of CNBC’s Squawk Box on Thursday, Siegel discussed Fed chairman Jerome Powell’s policy response...

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$7.5T Asset Manager Charles Schwab Files for a Crypto-Focused ETF

The half a decade-old multinational financial service giant has followed the footsteps of Blackrock into filing with the Securities and Exchange Commission to release a Crypto Economy ETF. The document informed that the main goal of the fund will be to “track as closely as possible, before fees and expenses, the total return of an index that is designed to deliver global exposure to companies that may benefit from the development or utilization of cryptocurrencies (including...

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Bitcoin Falls Again; What Do Analysts Think?

With bitcoin – the world’s number one digital currency by market cap – dropping every two minutes, there are many analysts out there weighing in and giving their thoughts and opinions about where the asset will go. Bitcoin Has Fallen Again There is wide speculation that bitcoin could fall below the $30,000 mark in the coming weeks. Michael Saylor of MicroStrategy fame says: Nation state conflicts create uncertainty, constrain production, weaken currency, cripple trade,...

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Bill Miller Says Collapse of The Russian Ruble Is Very Bullish for Bitcoin

Legacy investor, fund manager, and philanthropist Bill Miller believes that the financial sanctions imposed on Russia could cause bitcoin’s price to soar. He pointed out that gold is the only reserve asset the largest country by landmass controls on its own, meaning that BTC might gain traction in the days to come. BTC’s Surge Following The Crash of The Ruble The military conflict in Ukraine changed the tides in the financial world drastically. NATO and the EU declared...

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Bitcoin Price Analysis: Despite The Correction, Long-term Accumulation Indicator Just Flashed

The past seven days had been a blast for Bitcoin, after soaring to the top of the trading range between $34K and $46K. However, it got sharply rejected, reaching the resistance zone amid the $45K area, along with an ascending trendline. Technical Analysis By: Shayan Long-Term: The Daily Chart Right now, there is potential selling liquidity above the $46K area and considerable buying liquidity below the $35K area. Moreover, there is an apparent divergence between the price and...

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