Crypto news

The US Senate has approved a new stimulus package worth nearly $900 billion, including $300 billion for small businesses and direct payments of up to $600 for American adults. With the total economic relief amount surpassing $3 trillion since the start of the COVID-19 pandemic, the question remains if these developments are inadvertent promotion for bitcoin.A Fresh US Economic Relief Of $900BNAs the unexpected outbreak of the COVID-19 pandemic infiltrated the Western World earlier this year,...

Bitcoin is starting to correct from its rampant rise above $28K this week, with the current price down $1,900 from its recent peak of $28,420. With the Bitcoin market capital currently above $520 billion and overall dominance now above 71%, a correction has been on the cards for a number of days now.$55 million worth of BitMEX short positions have already been liquidated in the last few minutes, as fears of a reversal begin to disseminate.The $27,000 level appears to be providing some...

Bitcoin has been on an incredible run over the past couple of months. The price surged above the coveted $20,000 mark earlier in December and it shows absolutely no signs of slowing down, with a current all-time high at above $28,000.Bitcoin Price on SteroidsLess than three months ago, bitcoin’s price was slightly above $10,000 and it’s unlikely that anyone could have foreseen what followed.In October, the price started trending up and before we knew it, it had reached below $20,000. It was...

Another day and another all-time high for bitcoin as the asset broke above $27,000 and even neared $28,000. Most alternative coins have failed to mimic BTC’s gains, and bitcoin’s dominance has exploded to above 70% for the first time since September 2019.New ATH For BTC At $27,900This year’s Holiday season has turned to be quite bullish for the primary cryptocurrency. Ever since December 24th, bitcoin has painted a new all-time high daily.After breaking above $25,000 and $26,000 in the past...

A record high of $26,940 has been reached by Bitcoin a few hours ago according to Tradingview.com. The move has added another 7.5% to the price of the king of crypto over the past 24 hours.Currently, prices had retreated slightly to trade at around $26,800 which is not far off the recent high and signs are still indicating that there is more bullish momentum which could push prices up to a whopping $30k or beyond.Chart – tradingview.comAnalyst, Josh Rager, put it simply;“Kind of wild that...

Italian art dealer Stefania Minutaglio is the head of 11 [HH] Art Gallery in both Rome and Miami. She has recently begun accepting crypto payments for the artwork she sells and says that some of the artists who consistently feature their work with her gallery have begun to embrace digital assets as well.Stefania Minutaglio Enjoys Her CryptoIn a recent interview, Minutaglio explains why she thinks cryptocurrency is the future. She mentions:No doubt our gallery is a forerunner in terms of...

Elon Musk is at it again when it comes to crypto. This time, his attitude appears to have shifted into more positive territory, questioning whether it’s possible to transform much of the money held by Tesla into bitcoin.Elon Musk Needs a Little Crypto AdviceMusk appears tempted by the recent trend of institutional players that have gotten their fingers on bitcoin and willingly entered the crypto space. These companies include MicroStrategy, Stone Ridge, Square and many others. In fact, Musk...

The past seven days were particularly tumultuous for the cryptocurrency market. The week leading up to Christmas saw massive volatility across the board, and this time, it wasn’t Bitcoin in the spotlight.Nevertheless, the primary cryptocurrency started the week by gaining about $1,500, but it was on Monday when things took a turn for the worse. BTC dropped by more than $2,000, reaching a dollar value of about $22,000. From there, however, it managed to rebound.Yesterday, bitcoin’s price...

Bitcoin’s eye-popping run beyond the psychological $20,000 level has turned profits for almost everyone who invested in the cryptocurrency to date. Also, BTC has appreciated by more than 500 percent this year since the March lows. It is currently among the top investable assets across all financial markets. But what exactly fuelled bitcoin’s rally past the 2017 top? What’s the force behind BTC’s parabolic spurt this year?Death Of The Dollar (Not Yet But The Writing’s On The Wall)The 1D YTD...

Imagine that you come across a collectible you want. You’ve done the math, and you know it’s only worth a specific amount, yet the seller wants double or triple that price. Would you take it? Do you want this collectible enough? When it comes to bitcoin, people are allegedly so desperate to get their hands on the currency that they’re suddenly willing to pay just about anything to add it to their portfolios.Bitcoin Premiums Are Through the RoofBitcoin, the world’s number one cryptocurrency by...