Tag Archives: BTCEUR

After sitting below $27,000 for a few days, bitcoin finally jumped above that level in the past 24 hours but is yet to decisively reclaim it. Most altcoins are with insignificant gains on a daily scale, aside from the trending memecoin – PEPE. Bitcoin Uncertain at $27K Last week started on a positive note for bitcoin, which jumped to over $27,600 after the stagnant weekend. However, that was short-lived, and the asset retraced to below $27,000 in a matter of days. Another...

The Ho Chi Minh City People’s Court ruled that the Vietnamese residents – Ho Ngoc Tai and Tran Ngoc Hoang – will spend their lives in prison for kidnapping an individual and stealing $1.5 million worth of bitcoin from him. 14 other people who also took part in the crime received sentences between 9 and 19 years.  No Mercy  The 34-year-old Tai and the 40-year-old Hoang were slammed with life imprisonment for orchestrating a sophisticated kidnapping and later draining $1.5...

Christian Staub – Managing Director for Fidelity International’s business in Europe – said the investment giant intends to remain part of the cryptocurrency ecosystem.  However, he added that it will not urge people to buy bitcoin due to its “volatile and nascent” nature. The lack of pertinent regulation in the space is another present obstacle for the firm. Crypto to Become ‘More Sophisticated’ The multinational investment firm that has introduced several cryptocurrency...

Aside from a brief pump and dump of around $500 yesterday, bitcoin has remained relatively stagnant at just under $27,000. Although generally more volatile by nature, the altcoins have also failed to produce any significant moves in the past day. Injective is among the few exceptions. Bitcoin Stalls Below $27K After the enhanced volatility at the end of last week, which resulted in BTC dumping to a two-month low of under $26,000, the cryptocurrency has been trading with a lot...

Well, the past week had some exciting developments to offer, at least in certain segments of the market. The broader capitalization barely increased by around $5 billion, currently standing shy of $1.2 trillion. This came on the back of a relatively flat performance of major cryptocurrencies, but some altcoins managed to surprise. Let’s dive in. It’s been a back-and-forth with Bitcoin this week. The cryptocurrency was trading at around $26,500 this time last week and managed...

Bitcoin recovered slightly over the weekend, but still remains suppressed at a relative seasonal low of $27,360. What’s behind the latest slump?According to crypto market analysis firm CryptoQuant, the downward price pressure may be coming from miners. Miners ‘Unload Their Bags’ In a post from BaroVirtual on Saturday, the analyst noted that miners have been drastically reducing their holdings since May 5, with miner net position change turning negative on May 9. The metric...

Business intelligence company MicroStrategy is doubling down efforts on bringing Bitcoin layer 2 scaling solution – Lightning Network – capabilities this year. Its executive chairman Michael Saylor shared an update notifying that the company is working on a product aimed at delivering a Bitcoin wallet and Lightning address to every corporate account holder. The main intention behind the move is to enable quick and easy development as well as deployment of Bitcoin rewards...

The latest buzz in the crypto world revolves around the newly introduced Bitcoin token standard (BRC-20), which has garnered considerable attention and favor owing to the recent memecoin craze. Despite the ongoing hype, the token standard is still subject to certain constraints concerning the broader crypto landscape. A recent report by leading crypto exchange Bitfinex has emphasized the token standard’s potential and the significance of identifying more use cases to expedite...

Bitcoin’s price has been dropping continuously over the last week, and there may still be more. However, the bearish momentum is much lower than expected, and multiple support levels are available for the market to rely on. Technical Analysis By: Edris The Daily Chart Looking at the daily timeframe, the price has been declining since getting rejected from the $30K resistance level in April, and it has also broken below the 50-day moving average, located around the $29K mark....

Bitcoin tried its hand at taking down $27,000 yesterday but failed amid low weekend trading volumes and has remained relatively still. The altcoins are also lacking any substantial price moves, with ETH reclaiming $1,800 and BNB pumping above $310. Bitcoin Stays Flat The past several days didn’t go well for the primary cryptocurrency. It all started on Wednesday when the asset jumped from $27,500 to $28,400 in minutes after the US CPI numbers came out for April. Although BTC...