Tag Archives: BTCEUR

Following green days, Bitcoin encountered resistance at $45K. Together with the negative momentum of the global markets, Bitcoin got heavily rejected and retraced below $42K. Looking at the Stablecoin Supply Ratio, there is a substantial amount of ‘dry powder’ sitting aside, indicating the potential buying power. Meanwhile, the price action sees a pullback phase back to the latest crossed dynamic resistance level. All in all, this short-term correction is a healthy step for a...

Popular Canadian rapper Aubrey Drake Graham, also known mononymously as Drake, made a massive bitcoin bet on Sunday’s Super Bowl Game between the Los Angeles Rams (LA Rams) and the Cincinnati Bengals. Drake took a snapshot of his bet and posted it on Instagram for his over 100 million followers, with the caption “All bets are in on the family.” The rapper’s wager was a total of $1.26 million in bitcoin, which was made via Stake, a cryptocurrency sports betting platform. Drake...

El Salvadorean President Nayib Bukele’s ambitious Bitcoin Law has met staunch opposition. However, Bitcoin bull Max Keiser believes the grand experiment could help El Salvador become the equivalent of a city of London in Central America. El Salvador and Bitcoin In conversation with Diario El Salvador, Keiser said El Salvador could become a Bitcoin ‘hub’ for Central and Latin America. He noted that London was one of the three largest financial centers in the world before...

It’s been a very positive week for the entire cryptocurrency market. Following a prolonged period of depressing price action, the market finally bounced and managed to reclaim the coveted $2 trillion total capitalization. Let’s have a look at how it happened. Bitcoin’s price was trading at about $40,000 last week when on Saturday, it surged convincingly and consolidated around $41,500. The cryptocurrency spent a few days there, but all this changed on Monday when bulls took...

Matt Hancock, a Conservative Party MP in the UK parliament, said Britain could create a “dynamic” regulatory environment for cryptocurrencies rather than follow the EU’s restrictive policies. He noted that this is possible because of Brexit, which offers the country an opportunity to benefit from crypto innovations. “We now don’t have to just take the EU’s restrictive regulatory regime and instead can design our own that is more dynamic,” Hancock told Express.co.uk in a...

The Central Bank of Hungary joined the growing number of central monetary entities believing that bitcoin trading and mining should be banned. Similar to most bashers, the organization’s Governor asserted that cryptocurrencies could facilitate illegal activities. In a press conference on February 11th, György Matolcsy, the current Governor of the Hungarian central bank, urged the country to implement a blatant ban on cryptocurrencies. He made a rather familiar argument as...

The liquidations in the crypto market skyrocketed to $200 million on a daily scale as bitcoin, and most altcoins, dumped and pumped in a matter of hours. This came following reports about the US inflation rates, which spiked to a new 40-year high. CryptoPotato reported earlier today when the primary cryptocurrency had reclaimed $44,000 and seemed rather calm around that level. However, BTC neared $45,000 in the following hours, but the bullish run was stopped in its tracks...

Bitcoin’s price tumbled by about $1,000 in less than a few minutes as the numbers for January’s consumer price index came on. The Consumer Price Index (CPI) is used to gauge the average change over time in the prices that are paid by urban consumer for a basket of consumer goods and certain services. Many people also refer to it as an approximation of the current inflation rates. There are indexes available for various states and geographic areas. For January, the Consumer...

A recent report from blockchain analytics company Elliptic revealed that Ukrainian volunteer groups and non-government organizations (NGOs) received more than $570,000 in Bitcoin donations throughout 2021. 900% Increase From 2020 Interestingly, the total Bitcoin donations made to Ukrainian NGOs in 2021 represent a 900% increase from the previous year. These volunteer groups emerged in 2014 to support protesters during the Maidan Revolution, which led to the removal of the...

The positive momentum in the crypto markets is now being shadowed by a cross of two significant moving average lines. A death cross occurs when the MA-50 crosses below the MA-200 line. This time, the cross was between the MA-100 crossing below the MA-200 line. Reviewing the historical incidents where this cross took place, the market has reacted negatively last time, causing a 15% correction in June – July 2021 following the previous incident of a death cross. Technical...