Tag Archives: BTCEUR

Bitcoin’s price has failed to recover and seems to be struggling below the $60K mark. As of now, BTC has lost 7% over the last week, trading in the range of $55-56K, failing to reclaim the 50-day moving average line. Chart by TradingViewThe Technicals Bitcoin’s price painted a lower low yesterday. Today, it continues to decline and taps the critical support zone between $53K and $58K – something we’ve been tracking in our previous analysis. The $53K level provides very strong...

A recent filing with the United States Securities and Exchange Commission (SEC) reveals that the international banking behemoth Morgan Stanley has an increased appetite for BTC, even as the price of the cryptocurrency goes up. According to several filings with the SEC, Morgan Stanley has substantially increased its BTC exposure. The company has done so through buying additional shares of the Grayscale Bitcoin Trust (GBTC). Summarizing the difference between the shares Morgan...

Three years after halting bitcoin payments, citing enhanced volatility and lack of efficiency, the financial services, and software giant Stripe could soon resume its support for cryptocurrencies. During a CNBC-moderated panel at the Fintech Abu Dhabi festival on Tuesday, John Collison – the CEO of Stripe – spoke about the possibilities of his company reenabling digital asset services. Although he failed to provide a conclusive response, Collison said the firm has not ruled...

In a matter of two weeks, one of the largest BTC whales has accumulated more than 6,600 coins as the price of the asset has declined by more than 10% in the same timeframe. CryptoPotato frequently reports the sales and purchases of this particular whale, which tends to sell when the asset’s price has appreciated significantly in a short period of time and vice-versa. In the past several weeks, though, they have been focused on accumulating only, as CryptoQuant’s analyst...

The blockchain data and intelligence provider – Glassnode – revealed that a total of 38.76 million Bitcoin addresses now have non-zero balances. This is the highest level ever recorded since the last peak of 38.7 million marked this April. Bitcoin’s Drop Is Not a Concern Despite its recent price decline, bitcoin charted new heights in another area. According to Glassnode, there are now 38.76 million BTC wallets containing some amount of the primary cryptocurrency. It took...

El Salvador continues to create history with its bitcoin adoption, with the latest initiative being the announcement of an entire city focused on the primary cryptocurrency. The nation plans to put this plan in the works through mining-backed volcano bonds worth in total $1 billion. While this may sound groundbreaking and surprising to some, one person – Max Keiser – was actually the one to pitch the idea first months ago. El Salvador’s Bitcoin Steps It was June 2021 when the...

Anna Paglia – a top executive at Invesco – explained that her company withdrew its Bitcoin Futures ETF application because of the SEC’s rules. Separately, Bitwise Asset Management also pulled off its filing for a futures-based ETF, citing it is not an appropriate decision for the long-term. Invesco Gave Its Explanation Invesco – an American investment firm with over $1.5 trillion in assets under management – filed with the Securities and Exchange Commission to launch two...

The Australian Finance Services Minister – Jane Hume – publically backed up digital assets by saying they are not just a temporary trend. Additionally, she opined that decentralized finance (DeFi) presents “incredible opportunities” for Australia. ‘We Need to Acknowledge This Is Not a Fad’ Jane Hume – an Australian minister and senator – fired back at Tony Richards (Head of Payment at the Reserve Bank of Australia), who recently described cryptocurrencies as “faddish.” On top...

Cynthia Lummis – Republican Senator for Wyoming – recently fired back at Hillary Clinton for deriding cryptocurrencies. She suggested that Bitcoin offers a hard money solution to the US dollar’s inflation problems. Lummis Tells Clinton to Embrace The Future Lummis’s comments follow the cautionary words of former Secretary of State Hillary Clinton earlier this week. In a panel discussion at the Bloomberg New Economy Forum in Singapore, the latter suggested that...

Roughly around two days ago, bitcoin’s price dipped to an intraday low of $55,640 (on Bitstamp), causing moderate turmoil within the community and raising the question of how far the correction will go. As we reported back then, one of the key levels to consider is the zone between $58.3K and $53K as it contains very strong support in terms of both technical and on-chain indicators. Now, prominent Bitcoin analyst Daniel Joe noted on Twitter that the cryptocurrency dipped into...