Crypto news

Bitcoin is back on a bullish footing after finally breaking above the descending triangle pattern, which started forming a month ago when it recorded its all-time high. Since the breakout, the cryptocurrency managed to rise by a total of 12.5% to reach the current level of around $37,500.A quick recap: bitcoin’s price had been trapped within a large descending triangle pattern for almost four weeks, as can be seen on the following charts. It did manage to break last Friday, however, this...

In a Q4 2020 investor update, PayPal revealed that it recorded fourth-quarter and fiscal year financial results that were far beyond its expectations. The company noted that it was its strongest fiscal year, with high payment volume and new accounts further strengthening its scale.PayPal recorded a massive surge in the number of active accounts on its platform, with a whopping 16 million active accounts in Q4 2020 alone. For fiscal 2020, the company added 72.7 million net new active accounts,...

Cynthia Lummis is the first woman to represent the state of Wyoming in the US Senate. She’s a member of the Republican Party and was sworn into the United States Senate on January 3rd, 2021.She’s become a well-known commentator on Bitcoin and other cryptocurrencies and has said that she is working towards educating other Senate members and officials on their merits. Now, she’s also on the Senate Banking Committee.Cynthia Lummis. Source: C-SpanSenator Lummis on the Senate Banking...

The total crypto market cap has surged to a new all-time high of $1.150 trillion as bitcoin topped $38,000 before retracing back below it. Most alternative coins also marked substantial gains, including fresh all-time highs for Ethereum and Polkadot.Bitcoin Touched $38KAfter the calm weekend in which BTC retraced to about $32,000, the primary cryptocurrency started to gradually increase its value. This led to yesterday’s break out from the consolidation triangle and an intraday high of...

Litecoin price started a fresh increase from the $125 support zone against the US Dollar.LTC price is now trading well above $140 pivot level and the 55 simple moving average (4-hours).There was a break above a major contracting triangle with resistance near $140 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could correct lower, but it is likely to remain stable above $145 and $142.Litecoin price is showing positive signs above $145 against the US Dollar, similar...

Miami’s Mayor Francis Xavier Suarez is ready to put his city in the spotlight of technology lovers and entrepreneurs and Bitcoin could be his new venture.Suarez recently told the press that as he sees it, Bitcoin could become the “biggest story of the next few years.” and according to a Forbes review, the use of Bitcoin as a means of payment for public employee salaries could be one of the steps to be taken on Suarez’s path to turning Miami into the next Silicon Valley.The Road to a...

One man in New York has become such a crypto fan that he’s looking to sell his businesses and retire with digital currency’s help. Patrick Hughes, 56 years old and living in New York, has two bars side by side within the state’s Hell’s Kitchen area. One is known as Hellcat Annie’s, while the other is called Scruffy Duffy’s. He’s selling both bars for about 25 BTC or 800 Ethereum units. That’s approximately $1.12 million at the time of writing.Patrick Hughes Is Selling His Bars for BTCLike...

Grayscale Investments continues expanding its Ethereum Trust to accredited investors, adding over $38 million worth of the surging digital currency to its portfolio.Grayscale Investment Adds Ether Worth $38 Million Grayscale Investment has set the ball rolling to its Ethereum Trust (ETHE) after about a month of ceasing its inflows. Shortly after making the headlines for adding over $1 billion in a week to its Bitcoin position, Grayscale seems to have their eyes fixed on the next target.Recent...

Bitcoin has been booming as of late. Since last October, the world’s number one digital currency by market cap has been surging like no other asset on planet Earth. This has been both a good and a bad thing in the sense that it has allowed a lot of crypto holders to get rich and expand their portfolios.Bitcoin May Have Some Opposition from Hedge FundsHowever, it’s also had a negative side in that several hedge funds are now attempting to short the currency and bet against it. After all, when...

One of the biggest problems for crypto traders is the fact that some leading technical experts – such as Elon Musk – are seemingly unable to make up their minds about bitcoin. Is it good? Is it bad? They seem to be going back and forth all the time, which inevitably causes the currency to experience price fluctuations that can make life difficult for hardcore traders and buyers.Elon Musk: I’m a Bitcoin SupporterBut in recent days, the South African entrepreneur has been rather clear about...