Tag Archives: BTCEUR

The recent unexpected price action in the market has led to some positive changes in the sentiment. However, there are many analysts that remained skeptical because of the uncertainty at the macro level. Here, we discuss the important technical confirmations for a mid-term trend reversal and investigate the holders’ behavior during the recent price downfall to $32.9K. Technical Analysis By: Grizzley Long Term Most technical analysts believe that consolidating the price below...

Leading cryptocurrency exchange Kraken announced on Thursday the results of a proof-of-reserve audit, showing that it holds over $19 billion worth of Ether (ETH) and Bitcoin (BTC). Almost $20 billion Stored on Kraken As per a blog post, the audit was conducted by Armanino LLP, a consulting and technology firm in the US. The results didn’t include other assets – just BTC and ETH, including the $3.5 billion worth of ETH held in Kraken’s staking service, which is an ETH 2.0...

The past 24 hours have been particularly turbulent throughout the cryptocurrency market, but this time it seems it’s all in favor of the bulls. Bitcoin’s price surged above $41K for the first time since January 21st, and the whole market is in the green. Therefore, we’re taking a look at four possible reasons for which the positive move was triggered. Reporting Season is Through It’s worth noting that Bitcoin and the traditional stock market have been tightly correlated for...

By partnering with the bitcoin-centered company New York Digital Investment Group (NYDIG), UNIFY will become the first credit union to offer BTC services to its members. The collaboration was also joined by pro football player Safety John Johnson III. The announcement from earlier this week informed that UNIFY customers will now be able to buy, sell, and hodl bitcoin alongside their traditional accounts within the online banking platforms. The organization has more than...

After more than two weeks of trading below $40,000, bitcoin finally made a decisive move to reclaim that coveted level. The entire crypto market followed suit with massive daily price increases from Ethereum, Binance Coin, Cardano, Sollana, Polkadot, and many others. Bitcoin Surged $4K It was on January 20th and 21st when the primary cryptocurrency slumped below $40,000 for the first time in months. In the following few weeks, the asset failed to recover most of the losses...

According to recent figures, the U.S. added 467,000 new jobs in January alone, despite worries about Omicron leaving various businesses short-staffed. Bitcoin traded slightly lower following the reveal. A Surprisingly Strong Labor Market The recent employment figures were published in a report by the US Labor Department’s Bureau of Labor Statistics earlier today. While total nonfarm employment rose by over 400k jobs, the unemployment rate only slightly increased from 3.9% to...

The total cryptocurrency market has managed to recover a considerable chunk of its capitalization, with Bitcoin currently pushing above $40K. However, excluding today, we saw a serious correlation between Wall Street and crypto, but may this be coming to a halt? Bitcoin’s price recovered over 8% in the past seven days, but let’s break it down. This time last week, things were looking quite depressing, and BTC was failing to break out and dipped on Monday. It spiked towards...

Bitcoin’s price shot up in the past couple of hours in two massive consecutive green candles, leaving bears underwater and attempting to reclaim the coveted $40K level. Over the past two hours, bulls took complete control of the market momentum and managed to push BTC’s price to almost $40K (on Binance). This comes following a couple of green days after BTC dropped to $33K yesterday, charting a recovery of almost 20% in the interim. Source: TradingView In the meantime, data...

Trust Machines, a new venture co-founded by Stacks inventor Muneeb Ali and Princeton University Computer Science professor, JP Singh, has recently raised $150 million to expand the Bitcoin ecosystem as a Web3 platform. Bitcoin to Become a Web 3 Platform In a press release shared with CryptoPotato, the company noted that its goal is to create the largest ecosystem of BTC-based applications that “unlock Bitcoin’s potential as a final settlement layer for computing platforms and...

The technical indicators are showing weakness in the short term. The onchian activity of retailers as a reaction to volatile market is still rising. This can be translated to the high probability of a side chopping market in the mid-term. In a low trade volume phase, such as the current market condition, capitulation events are expected more than ever. Technical Analysis By: Grizzley Long-Term: On the daily timeframe, the recent uptrend was stopped by touching the low band of...