Crypto news

Things in the cryptocurrency market are looking increasingly bad as the price for bitcoin just crashed below $30,000. Bitcoin’s price is currently trading below $30,000. This hasn’t happened in months as the last time we saw these levels was in January 2021. BTC/USD. Source: TradingViewOther cryptocurrencies are also following suit with most of the altcoins charting double-digit declines on the weekly. This has also led to almost $800 million worth of liquidated positions...

ADA price started a fresh decline from well above the $1.50 level against the US Dollar. The price is now trading well below $1.45 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.38 on the 4-hours chart (data feed via Bitfinex). The price is recovering, but it is likely to face sellers near the $1.38 and $1.40 levels. Cardano price is trading in a bearish zone below $1.40 against the US Dollar, similar to...

Ethereum price failed to stay above $2,500 and it extended its decline against the US Dollar. ETH price is now trading well below $2,300 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $2,060 on the 4-hours chart (data feed from Coinbase). The pair could correct higher, but it is likely to face resistance near $2,060 and $2,200. Ethereum price is gaining bearish momentum below $2,200 against the US Dollar....

Francis Suarez, the mayor of Miami, says he is now looking to open his city to all the Chinese bitcoin miners that are getting kicked out of their country. Francis Suarez Opens His City to Chinese BTC Miners China has recently stated that it will be banning all crypto mining operations. Beijing has given these companies approximately two months to leave, and many are looking for a new home to set up their mining equipment. While some analysts have said that Texas will be...

Popular cryptocurrency exchange Coinbase is setting up an office in New York. Coinbase Is Opening an Office in New York Based in San Francisco, Coinbase has established itself as a leading digital currency trading hub following news in April that it would be the first crypto exchange in the history of the space to go public on the Nasdaq, though share trading has been somewhat of a rocky process. In addition, the company has recently added Dogecoin to its list of...

The American racer Stefan Parsons crashed with his Dogecoin-sponsored car at NASCAR. Interestingly, the accident of the Chevrolet Camaro coincides with the recent collapse of DOGE’s price. DOGE’s Car Couldn’t Finish NASCAR Xfinity Series Race in Nashville presented to the American fans another spectacle. Unfortunately, the 22-year-old Stefan Parsons couldn’t reach the finish as he crashed his Dogecoin-sponsored Chevrolet Camaro. Because of the accident, the car finished...

Bitcoin has always had support from billionaire investor and former hedge fund manager Mike Novogratz. However, in a recent interview, he seemed to hint that the currency does not have any value all by itself like standard fiat. Rather, it is valuable simply because the people who use it and invest in it say it is. Mike Novogratz on What Gives BTC Value During his discussion, Novogratz said that bitcoin primarily has value thanks to the community it has established. He...

As a continuation to its nightmare’s week, Bitcoin dropped another 8% from today’s $35,600 opening price and recorded a current low of $31,700, according to Bitstamp. The primary cryptocurrency has been in a downtrend since reaching a weekly high of above $41.3K on Tuesday, and so far had seen a drop of 24% in just six days. After another Death Cross that took place on Saturday, where the 50-day MA crossed below the 200-day MA, the bulls are now attempting to defend a...

“Let fury have the hour, anger can be power. Do you know that you can use it?” — The Clash Max Keiser and Stacy Herbert (Keiser Report, Global Insurrection Against Banker Occupation, Orange Pill Podcast) will rage against the clampdown, live from the Spider House in Austin Texas on 8 July. “Bitcoin is eating the world. It’s time to party. I’m pumped,” said Keiser, hot off his viral performance at Bitcoin 2021. “We punch up!” said Herbert. “Fuck Elon! We’re bored of the FUD...

Michael Saylor’s business intelligence giant now owns over 100,000 bitcoins after the company purchased another chunk of 13,005 BTC for nearly $500 million. Consequently, the firm now has 0.5% of all bitcoins ever to exist. The founder and CEO of the NASDAQ-listed company announced the latest purchase earlier on June 21st. It came after the firm raised $500 million through an offering of senior secure notes, as reported earlier. MicroStrategy has purchased an additional...