Tag Archives: BTCEUR

The bears continue to put pressure on the crypto market as bitcoin dropped below $40,000 for the first time in two weeks. The altcoins are also deep in red once again, with Ethereum sliding beneath $2,800 and massive price drops from Solana, Avalanche, MATIC, and others. Bitcoin Struggles Around $40K It was just three days ago when the landscape around the largest cryptocurrency seemed significantly more bullish. The asset had recovered from its latest dips to $42,000 and...

Bitcoin has been treading in volatile waters. Despite the recent price dump, though, the Bitcoin network has hit yet another high, this time, in terms of mining difficulty. Higher Difficulty For Bitcoin Miners According to the latest data from CoinWarz, the Bitcoin difficulty increased by 5% to 27.97 trillion on February 18. In a span of three weeks, the metric went through positive readjustments twice, with the first one reaching 26.64 trillion on January 21. To put things...

The Russian Finance Ministry introduced public notices and said they started developing a comprehensive regulatory framework for the cryptocurrency industry. During the discussions, citizens and financial market players will be able to give their proposals on the matter. What Has Happened so Far? Ever since the start of 2022, Russia’s top authorities haven’t been able to come to an understanding of how to approach the digital asset sector and what rules to impose on it. The...

Despite the relatively positive technical structure in the short time frame and the early signs for a bullish sentiment in the futures market, the macro factors are still acting as a source of uncertainty. Technical Analysis By: Edris Long-Term Bitcoin’s price is still consolidating above the $40k mark. Last week, it was rejected by the $46k area, making a pullback towards the broken 50-day moving average. The 50-day MA successfully supported the price, pushing it towards the...

Anthony Noto – Chief Executives Officer at SoFi Technologies Inc. – revealed he owns Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Nonetheless, he warned that investing in digital assets could be a double-edged sword as one could lose all their money or earn significant profits. Don’t Bet Everything on Crypto During his recent interview with CNBC, Noto disclosed he and his family hold different cryptocurrencies, including Bitcoin and Ethereum. However, it is a...

Bitcoin has been supported by the dynamic and static support levels on the daily frame. However, from an onchain perspective, the intensity of whale activities is signalling a possible sell pressure in short term. It remains to be seen if it can be absorbed by the buyers and seeing bitcoin breaking above the next major resistance around $48K. Technical Analysis By: Shayan Long-Term Bitcoin has been supported by the 100-day moving average and the $40K-$42K support zone...

The Canadian rapper Aubrey Drake Graham, popular among music fans as Drake, made a major $1.26 million bet worth of bitcoin on the Super Bowl match between the Los Angeles Rams (LA Rams) and the Cincinnati Bengals. He seems to have good prediction skills since he profited $300,000 after the referee’s final whistle. Drake’s Bitcoin Bets The Super Bowl’s match traditionally garners the attention of millions of Americans each year. Last night’s game was watched by over 90...

Despite the ongoing geopolitical uncertainty and economic turmoil throughout the world, Bitcoin’s network continues to get more robust. Following a recent spike, its hashrate reached yet another all-time high. It goes without saying that there’s a lot of economic turmoil and geopolitical uncertainty as international tension surrounding the relationship between Ukraine and Russia intensifies. Meanwhile, market participants are eagerly anticipating hinted rate hikes as...

The Taker Buy/Sell Ratio shows that the recent rebound from $33K to $43K has created some positive momentum in the market. On the other side, technical analysis is signaling a correction in the short term. Amid market ambiguity, the best bet is usually to wait it out and see what side prevails as volatility is expected. Technical Analysis  By: Edris Long-Term Bitcoin is still recovering from the 50% crash from its all-time high ( $69K) in November 2021. Recently, the price...

The world of cryptocurrencies, especially in its earlier years, had a reputation of being the playing ground of hackers and various malicious entities. And while this has changed to a huge degree in the past few years and the field received massive recognition and regulatory clarity, the ghosts of its past remain. One of the most infamous Bitcoin hacks took place back in 2016 when someone stole roughly 120,000 BTC from one of the largest cryptocurrency exchanges – Bitfinex....