Tag Archives: BTCEUR

Bitcoin continues to struggle after getting rejected retesting the critical 50-days moving average (MA) line yesterday. Unless BTC closes above $56,900, which now seems far away, we are going to witness the first full candle body or trading day below the significant level for the first time since October 7, 2020. Quick recap: During the steep price drop on Sunday, bitcoin had penetrated beneath the 50-days MA to reach as low as $51,400, where it found support at a .618 Fib...

Bitcoin’s Sunday retracement could be just the start of a massive correction that could drive the asset all the way down to $20,000, said Guggenheim Partners’ CIO, Scott Minerd. However, the executive remains bullish on the long-term future of the cryptocurrency, suggesting a possible price tag of up to $600,000 in the next few years. BTC’s Retracement to Take it to $20K? Ever since bitcoin reached its latest all-time high at $65,000 last week, the asset started to retraced...

Bitcoin’s price could suffer more if the asset fails to reclaim $60,000 soon, said analysts from the US multinational banking giant JPMorgan Chase & Co. They compared Sunday’s market crash with similar developments in the past few months but argued BTC lacks sufficient momentum now. BTC’s Bull Run Coming to an End? Bitcoin and the entire cryptocurrency ecosystem plummeted in value on Sunday as more than $360 billion were evaporated from the market cap. The largest digital...

After a volatile day with some hope for the bulls, bitcoin remains in the red territory following a minor 1.5% price decrease today as the cryptocurrency battles for the critical support level at the 50-day moving average line. The latter now lies exactly where today’s highest trading price of $56,850 (Bitstamp) was. Quick recap: BTC price had experienced a sharp 14% collapse on Sunday, causing it to drop into support near $51,440 (.618 Fib), losing $9k in a matter of hours...

With Bitcoin (BTC) gaining widespread adoption globally, the United States government is reportedly in the early stages of developing regulatory guidelines for the popular cryptocurrency and the entire crypto industry. Sources familiar with the matter told FOX Business’ Charlie Gasparino that the upcoming regulation, which will focus on crypto infrastructure and taxation, is being led by the Treasury Department Secretary, Janet Yellen, and her deputy, Wally Adeyemo.  Upcoming...

Asset manager Rothschild investment Corp has acquired 265,302 shares from the Grayscale Ethereum Trust, a purchase worth $4.75 million. According to an SEC filing on April 15, the firm also bought an additional 8,000 shares of the Grayscale Bitcoin Trust (GBTC), now owning a total of 38,346 shares. Not The Rothschild You Think Rothschild Investment Corp has nothing to do with the Rothschild family, but many in the community are still confused.  Founding members Monroe...

Jubilant Foodworks, the organization that operates the franchise of Domino’s Pizza in India and several other countries, have reportedly experienced a significant data breach. The hackers offer to sell sensitive information on the dark web, and they asked for a payment of 10 bitcoins. A Security Breach at Domino’s India According to a recent report, Domino’s India website was compromised earlier this month. While the consequences of the attack were unknown until recently, the...

TIME Magazine has doubled down on its cryptocurrency endeavors by enabling bitcoin and other assets to be used as a form of payment for digital subscriptions. The innovation comes a few weeks after the New York City-based magazine partnered with Grayscale to produce educational crypto videos and be paid in BTC. TIME Readers to Purchase Subscriptions With Crypto With the first issue released nearly 100 years ago, TIME Magazine is among the largest and oldest news magazines and...

Bitcoin continues to recover from the tumble it suffered during the weekend. As of now, the BTC price is up by 3% today, following the 14% devastating crash seen on Sunday. Yesterday, Bitcoin slipped from the $60k price area as it dropped to reach as low as $51,440. There, it found support at the .618 Fib Retracement level and managed to rebound, trading between $54k – $55k during most of the day. By the end of the day, Bitcoin managed to recover to $56,280, where it found...

The CME Bitcoin futures opened for trading on Monday with the largest gap of nearly $5,000 following the adverse price developments during the weekend. The question remains if BTC would spike to close that gap as it has done multiple times in the past. The Largest CME Bitcoin Gap to Date Launched in late 2017, the cash-settled BTC futures platform from the Chicago Mercantile Exchange enables institutional investors to trade bitcoin on a regulated platform. It operates within...