Tag Archives: Bitcoin News

Bitcoin price started a strong decline below the $40,000 support against the US Dollar. The price is now trading well below $45,000 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $40,500 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a strong recovery if it settles above $42,000 in the near term. Bitcoin price is attempting an upside correction from $30,000...

Bitcoin is king of the crypto space. There is no denying that. Therefore, whichever way it goes – either up or down – other assets and blockchain-based entities are likely to follow. If bitcoin is in the green, others tend to do quite well, but if it is in the red, things are dropping like flies. Coinbase knows this all too well. Coinbase Ain’t Doing So Hot As one of the largest and most popular cryptocurrency exchanges in the western hemisphere, Coinbase made the...

There comes a time when people need to learn to stop talking and just listen. It looks like that time has come for Elon Musk. Either he is oblivious to his power within the crypto community, or he likes to make waves as a hobby, but his latest discussion regarding selling his bitcoin stash has delivered a hard blow to the world’s number one digital currency by market cap. Elon Musk May Cash Out of Crypto Musk – the South African entrepreneur behind billion-dollar...

Bitcoin has fallen into the dung heap. The currency – which last month hit a new all-time high of roughly $64,000 – is now trading for about $20,000 less and is trapped in the $43,000 range. It also looks like things are going to be unsteady for the next couple of weeks according to billionaire investor and former hedge fund manager Mike Novogratz. Mike Novogratz: Expect Things to Be Down for the Next Month Novogratz is arguably one of the world’s biggest bitcoin...

Over the past year, people have really rejected the idea that bitcoin is just a speculative tool. Many are now looking at it through a new lens and see it as a hedge tool; something that can keep one’s wealth stable during times of economic strife. Bitcoin Has Been Tanking… The ongoing challenge of inflation – which has been prominent ever since the coronavirus pandemic first began striking against our global financial markets – has caused many people to see bitcoin as...

Bitcoin has fallen deeply into a state of oblivion. Once trading for well over $64,000, the world’s number one digital currency by market cap has lost nearly $20,000 in value since last month and is presently trading for just over $47,000. Bitcoin Is Still Being Bought Up Among many analysts is an attitude of gloom and doom. Some consider the end of bitcoin to be near, while other largescale investors – such as Michael Saylor of MicroStrategy fame – think that this is...

Bitcoin just keeps falling into oblivion. At the time of writing, the world’s number one digital currency by market cap has dropped into the $47,000 range, which is lower than it has been in quite a long time – especially considering at around this time last month, the asset was trading for well over $64,000. However, it was expected that BTC would undergo a hard correction considering how fast it moved up, and Anthony Scaramucci of Sky Bridge Capital believes the asset...

Julie Bushnell – a teacher situated in the United Kingdom – has lost several thousand dollars to a bitcoin scam that was using the likeness of famed South African entrepreneur Elon Musk, the man behind billion-dollar companies such as Tesla and SpaceX. Julie Bushnell Has Lost A Lot of Money It seems like Elon Musk just cannot seem to catch a break as of late. When his words are not bringing the prices of various forms of cryptocurrency down into the muck, his face is...

Square – the payment firm owned and run by Twitter CEO Jack Dorsey – has announced that it will not be buying anymore bitcoin in the coming future. Square Says It Won’t Be Buying Anymore BTC Anytime Soon Square is a huge company, not just for all the business it does, but also because it is one of the first institutions to pledge official support for bitcoin and purchase a large wad of it. The company ultimately bought more than $50 million worth of the world’s number...

It is hard to understand Elon Musk at times. There are moments when he appears to be quite clear regarding cryptocurrency, and other days when he seems to be way off the mark. Either he does not fully understand the influence he has on the space, or he does and says certain things knowing they will have certain impacts. Either way, he has now sent Dogecoin through the roof again with his latest words following the rough week it has had. Elon Musk and Dogecoin Are Mixing...