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Tag Archives: BTCEUR

$100M Liquidated in 10 Minutes As Bitcoin Dipped to $51K

Bitcoin’s slump continues after experiencing a sharp price decline over the last few hours. The dip caused over $200 million worth of long positions to get liquidated. Earlier today, Bitcoin briefly reached $57.5k at 8:44am EST, after stagnantly trading within the $56-57k range. The price suddenly fell afterward, dropping hundreds of dollars by the hour. According to BitStamp, Bitcoin fell to $51.5k. Binance Futures even saw the price drop below $51k. Since then, the price...

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Bitcoin Miner TeraWulf Eyes NASDAQ Listing Following a $200 Million Fund Raise

TeraWulf – an American bitcoin mining company – raised around $200 million in debt and equity financing from a group of individual and institutional investors. As a result, the firm expects to achieve a mining capacity of 6 exahash per second or 200 megawatts by the second part of 2022. Furthermore, TeraWulf eyes public listing on Nasdaq through a business merger with the tech company IKONICS Corporation. TeraWulf Aims High As part of the $200 million financing, TeraWulf...

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Bitcoin Price Failed at Critical Resistance, Was $69K the Cycle’s Top? BTC Analysis & Overview

Bitcoin’s price action continues to be shaky in the short term, but that might largely be attributed to headwinds caused by the newfound COVID variant. Despite the recent bearishness, the on-chain metrics and the mid-to-long-term technicals continue to favor extended bull market and show no real signs of worry. This analysis was compiled by analysts GrizzlyBTClover and CryptoVizArt to CryptoPotato. Mid-Term Technical Analysis Bitcoin is moving up inside the uptrend channel on...

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Bitcoin Rejected at $60K Amid Fears of New COVID Variant: This Week’s Recap

The past seven were somewhat successful for Bitcoin, and the total market capitalization managed to increase by some $150 million. Some altcoins are really taking off, while others are seemingly in a stalemate situation. But let’s start with Bitcoin. The market leader failed to produce any meaningful gains but is up slightly above 2% in the past seven days. This came after an excellent weekly close on Sunday. Unfortunately, bulls didn’t capitalize on the opportunity and...

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Charlie Munger Wished Cryptocurrencies Were Never Invented, Anyone Surprised? (Opinion)

The digital asset industry has marked an impressive year so far as many cryptocurrencies painted all-time high prices. Numerous experts and public figures showed their support, highlighting the merits of the asset class, while global institutions started diversifying their portfolios with bitcoin or some alternative coins. Yet, Charlie Munger – Warren Buffett’s right-hand man – reiterated his skepticism once again recently by indicating that the hype around them is “crazier...

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Bitcoin Miner Riot Blockchain Purchased ESS Metron for $50 Million

One of the leading cryptocurrency mining companies in the US – Riot Blockchain – acquired the electrical equipment provider – Ferrie Franzmann Industries (known as ESS Metron) for $50 million. As a result, the latter will provide a steady infrastructure supply for Riot’s new mining machines. Riot’s Expansion The news was announced in a recent press release by the US Securities and Exchange Commission (SEC). The total amount of the transaction equals $50 million as the bitcoin...

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PlanB’s Floor Model First Miss: Bitcoin Price Closed Way Below $98K In November

Bitcoin’s closing price for November below $60,000 meant that PlanB’s floor model, which was particularly accurate until now, was finally broken. At the same time, though, the analyst confirmed that the more popular stock-to-flow model was still valid as BTC is on track towards $100,000. PlanB’s Floor Model Fails PlanB is among the most popular analysts in the cryptocurrency space, predominantly known for the Bitcoin stock-to-flow model, which he published in early 2019....

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Bitcoin Price Analysis: Amid Extreme Volatility, BTC Now Facing Critical Resistance

Bitcoin’s price over the last few days has been particularly volatile. Just yesterday, BTC surged towards $59K but failed to breach this important resistance level. Subsequently, it dropped towards the significant $56K mark, but bulls were quick to defend it and are pushing towards $59K once again. The Technicals Bitcoin is quickly approaching the key resistance at $59-60K, as of writing this update. A break above it can lead to a renewed rally back to the $60K territory....

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Bitcoin Dips As Powell Voices Plans To Accelerate Bond Taper

Jerome Powell – Chairman of the Federal Reserve – has now confessed that rising US inflation numbers are not “transitory”. As such, he is considering speeding up the taper on the Fed’s bond purchase program to bring inflation under control. As the news dropped, Bitcoin’s price almost immediately fell by $2000. Inflation Not “Transitory,” Says Powell The chairman voiced his new plans while testifying in front of the Senate earlier today. He said that the US economy is...

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Bitcoin Miner Griid Infrastructure Merges with ADEX to Go Public on NYSE

Griid Infrastructure – an American bitcoin mining company known – and the blank check firm – Adit EdTech Acquisition Corp. (ADEX) – announced their merger. As a result, the latter will acquire Griid Holdco LLC – a newly formed holding organization and parent of Griid. Upon finalizing the transaction, the combined entity is expected to be listed on the New York Stock Exchange (NYSE). NYSE Might Have a New Participant According to a November 30 press release, the entity will go...

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