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Tag Archives: Bitcoin

Bitcoin Spikes Despite Silicon Valley Bank Drama

Bitcoin is truly an amazing asset. No matter what happens in the economy, no matter how bad things get, the world’s number one digital currency by market cap is still striving to do as well as it can, and its recent price rally – despite the collapse of financial institutions such as Silvergate and Silicon Valley Bank – is proof of this. Bitcoin Continues to Impress Us All To be fair, bitcoin has received a fair bit of support given that these banks and others like them...

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Bitcoin Price Analysis: BTC Rally Loses Steam Above $30K

Bitcoin price started a fresh increase above the $28,000 zone against the US Dollar. The price is now trading above $28,000 and the 55 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $28,400 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $29,000 support zone. Bitcoin price is showing positive signs above $28,000 against the US Dollar. BTC...

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Opinion: The Silvergate Collapse Shouldn’t Predict Crypto’s Future

Earlier today, we reported that Silvergate Bank – a tech-friendly financial institution stationed in Silicon Valley – had collapsed. The company is liquidating all its assets after being shuttered by the federal government due to a high number of monetary failures, and bitcoin suffered because of this. Silvergate Has Closed, but There’s Still Hope for Bitcoin Many are saying this is the start of the 2008 Great Recession all over again. Many think this is a continuation...

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Bitcoin Crashed Following News of Silvergate Shutdown

In mid-March, the world’s leading digital currency (bitcoin) fell by more than eight percent and briefly went below the $20K mark. The dip occurred after news got out that Silvergate Bank – a tech-friendly financial institution stationed in Northern California’s Silicon Valley – was being shut down by regulators for numerous failures. Bitcoin Fell Following Bad News of Silvergate Bank Many have called the shutdown of the bank one of the biggest monetary collapses since...

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Crypto Fans Poke Fun at Gold Lover and Economist Paul Krugman

Bitcoin fans are making fun of economist Paul Krugman after he vented on Twitter the other day about dealing with a particularly rough financial company. Is Krugman Getting a Taste of His Own Medicine? Krugman has long been anti-bitcoin and crypto. He’s offered words on his skepticism for some time, and it’s clear he’ll probably never take digital assets seriously. It’s obvious that there are many bitcoin fanatics out there that have taken his words somewhat personally...

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Silvergate Collapse Causes Further BTC, ETH Losses

The trouble surrounding Silvergate is getting even bigger. So big, in fact, that the prices of many leading digital currencies – including bitcoin and Ethereum – took serious dips during the early weeks of March. Silvergate Crash Causes Crypto Assets to Sink Bitcoin, for example, fell from about $22,300 to just over $20,000 after news emerged that Silvergate was planning to shut down completely. The company said it will wind down all operations and liquidate the assets...

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Bitcoin in a Death Grip as Jerome Powell Warns of Further Rate Hikes

All eyes are on bitcoin yet again as Jerome Powell – the man in charge of the Federal Reserve – said in a recent interview that his office is not above faster, larger rate hikes in 2023, and that they could come sooner than most people anticipate. Bitcoin Could Suffer with More Rate Hikes There is great fear of more rate hikes given they swarmed 2022, a time that was extremely bearish for bitcoin. Inflation was soaring and the economy was in dire straits thanks to the...

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Bitcoin Price Analysis: BTC Eyes Upside Break Above $30K

Bitcoin price is trading in a positive zone from the $27,200 support against the US Dollar. The price is now trading above $27,500 and the 55 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $28,250 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $28,850 resistance zone. Bitcoin price is rising from $27,200 against the US Dollar. BTC might...

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BTC Stumbles Following Silvergate Bank Debacle

Bitcoin and Ethereum took some nasty dips in early March due to negative news surrounding popular digital currency bank Silvergate Capital. Silvergate Has Sent Ripples Throughout the Space The company announced a net loss of more than $1 billion, and other crypto-based companies – like Paxos and Coinbase – were quick to step away from it and cut off all business with the firm. In addition, Silvergate stock fell by more than 60 percent. The good news – according to...

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Mt. Gox Victims Will Get Their Money Back This Year

Victims of the now defunct crypto exchange Mt. Gox are set to get some of their money back in the coming weeks and months. Several creditors have set forth a plan to pay back at least some of the funds that were lost (or stolen) in the company’s collapse, but the news isn’t all good, as some analysts believe this could cause a heavy slump in the bitcoin price. Mt. Gox Victims Are Set to Get Repaid Mt. Gox was one of the biggest disasters of the crypto space. Occurring in...

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