Tag Archives: BTCEUR

Over the past seven days, we saw yet another unsuccessful attempt of Bitcoin to breach the coveted $40K mark definitively. Let’s roll back a little. Last weekend, the price was rather indecisive as it was struggling beneath $36K. All this changed on Sunday, however, when bulls stepped in and took control over the market. By Monday, BTC was trading above $40K, and it actually managed to stay there for a few days. This saw the community rather enthusiastic as the price was...

The bitcoin reserves on BlockFi – the popular lending and borrowing platform enabling users to receive interest – have declined to an all-time low. This, combined with recent reports claiming that whales have started to sell off their positions, raises the question of whether large BTC investors may have averted from HODLing. BlockFi BTC Reserves Decline Founded in 2017, BlockFi allows investors to lend their cryptocurrency assets in order to gain interest. However, it seems...

The Chinese government has reportedly intensified its crackdown on cryptocurrency mining and usage in the country by shutting down several crypto mining facilities in Sichuan. Sichuan Bitcoin Miners Join the List According to Wu Blockchain, the authorities of the Sichuan province officially issued a statement today, mandating every power supply company in the province to stop providing energy to crypto mining firms. The statement also reportedly clarified that the power...

The last week was rather challenging for altcoins as most of the major ones are trading in the red. Bitcoin managed to pull ahead a bit, which also resulted in an increase in its market dominance. Bitcoin Bitcoin is up by a very small 2.8% over the past week as it currently trades at $37,900 – just above the 20-day MA. The coin had provided some hope at the start of the week as it surged above $37,000 to break a falling trend line that has been in play since the mid-May...

After conducting tests for several months, the Swiss branch of the large Spanish bank – Banco Bilbao Vizcaya Argentaria (BBCA) – has announced plans to release two services related to the cryptocurrency industry. According to the official statement, private banking customers based only in Switzerland will have the option to trade bitcoin and other digital assets starting from Monday – June 21st. BBVA’s second service will enable its clients to store their digital assets on a...

Paraguay’s Deputy of the Nation, Carlos Antonio Rejala Helman, has confirmed that new legislation in regards to Bitcoin will arrive in July. This comes amid growing adoption in Latin America led by El Salvador, which could be followed by Panama as well. CryptoPotato reported last week when Rejala Helman said his country planned to start working on an “important project” that included Bitcoin and PayPal Although he provided little-to-no information at the time about the...

Bitcoin continues to gradually lose value with another price slump to around $37,000. Most alternative coins are also suffering, with ETH dipping beneath $2,400 and BNB close to dropping below $350. Bitcoin’s Struggles Continue Just a few days ago, the situation with the primary cryptocurrency seemed significantly more promising. The asset was riding high above $40,000 for the first time in nearly a month and even spiked to north of $41,000. However, it failed to maintain...

The bitcoin miners who are ousted from China with the latest crackdown could find a place in Miami, Florida. The city’s mayor, Francis Suarez, said he’s working on lowering the costs for electricity in order to attract more miners to the region. BTC Miners Going to Miami? In a recent interview with CNBC, Francis Suarez spoke about the city’s BTC adoption, but this time he specifically focused on mining. He also touched on the topic of using clean energy. Miami’s mayor wants...

Bitcoin traders utilizing the popular derivatives exchange BitMEX still seem significantly more bearish on the asset’s future price developments, on-chain data reveals. At the same time, a prominent analyst argued that the most violent stages of the recent market crash are over, which could suggest good entry opportunities. BitMEX BTC Traders Still Bearish Bitcoin’s price went through a roller-coaster in the past month propelled by FUD and over-leveraged positions on...

Elon Musk should study more bitcoin mining as the cryptocurrency is actually a lot greener than people believe, commented Kraken’s CEO, Jesse Powell. In a recent interview, the executive also admitted that the crypto market has cooled off after the latest bull market. Musk Should Study More BTC Mining Tesla’s CEO made the news last month after the EV-maker disabled bitcoin payments citing environmental concerns. Musk started to frequently bash the high energy consumption...