Markets

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Bitcoin neared $49,000 for the first time in over a week but failed to breach it and has returned to around $48,000. Most alternative coins are slightly in red, except for Solana, which has jumped by 4% in a day to above $160. Bitcoin Maintains $48K After the volatile start of the week, in which bitcoin surged by $1,500 and dropped by $3,000 in minutes, the cryptocurrency enjoyed a steady price increase. In a matter of days, it bounced off the $43,300 low reached on Monday...

Coinbase and the U.S. Homeland Security have struck a million-dollar deal to allow the U.S. government to use the exchange’s services to analyze American citizens’ data. According to official documents, The Immigration and Customs Enforcement (ICE) – a branch of the U.S. Homeland Security Dept. dedicated to cross-border crime and illegal immigration – paid Coinbase $1.36 million in licensing fees for Coinbase Analytics software. Pay to Trace, Pay to Tell This would be the...

BTC has been showing near-term signs of strength, especially after reclaiming the 200-moving average on the 4-hour chart and holding $47.2k, a key level of support. What’s notable is that Bitcoin managed to hold support despite global stocks selling off with the dollar rising. Near term, BTC has managed to reclaim the critical 200-day moving average, 21-day, the 21-day exponential moving average, and the 200-moving average on the 4-hour chart. This is quite impressive...

After yesterday’s dump below $47,000, bitcoin has resumed its bullish trajectory by adding $2,000 and nearing $49,000. Most alternative coins have stalled, but not Avalanche. AVAX has registered yet another all-time high, this time above $70. Bitcoin Charts an 11-Day High This week began with enhanced volatility following fake reports claiming that Walmart has adopted cryptocurrency payments for its online services. Bitcoin went up by $1,500 before dumping by $3,000 minutes...

Known software firm and institutional bitcoin investing company MicroStrategy has just purchased more than 5,000 additional units of bitcoin for a whopping $242.9 million. At the time of writing, the company – following this recent purchase – owns close to $6 billion in BTC, the world’s leading digital currency by market cap. MicroStrategy Just Keeps Buying Bitcoin In a filing documented earlier this week, it was recorded that MicroStrategy purchased as many as 5,050...

Bitcoin cash price started an upside correction from the $600 zone against the US Dollar. The price is now trading near the $650 zone and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $640 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to rise if it clears the $650 and $660 resistance levels. Bitcoin cash price is eyeing recovery above $660 against the US Dollar,...

While attending Tuesday’s SALT conference, billionaire fund manager and New York Mets owner Steve Cohen discussed why he had taken a personal and financial interest in the cryptocurrency industry. Interestingly, this comes after dismissing the space for years previously. Cohen: From Skeptic to Supporter As reported by Bloomberg, Cohen says it was his “crypto maniac” son who convinced him to investigate the industry further. He has since spent a number of months meeting...

We’ve all heard of frequent flyer miles. The more you fly, the more miles you’ll earn for future trips. Well, a cryptocurrency company is pushing a new digital asset known as Fly Coin, which will pay users in digital currency granted they engage in specific travel behaviors. Fly Coin Will Reward Consistent Travelers The company has recently brought on a new chief executive officer in the form of Lenny Moon. Moon will be tasked with overseeing the market launch of the...

Established in 2014, BitMEX is a veteran derivatives exchange, a pioneer for the crypto industry, which used to be the leading one for a serious period of time. In fact, the traded volume on BitMEX was much more than that on any other derivatives exchange until 2019. BitMEX exchange had a serious impact on the cryptocurrency market as a whole, and in a sense, helped shape the industry into what it has become today. CryptoPotato had the pleasure of interviewing Alexander...