Tag Archives: BTCEUR

Bitcoin has broken the $37K support to the downside as the price crashed more than 10% yesterday. This could trigger a bearish scenario towards the $30K demand zone. Technical Analysis By: Edris Daily Chart:  Considering the current market structure, the 100-day and 50-day moving averages seem likely to chart a bearish cross in the next few days, further aggravating the selling pressure. On the other hand, if the price can close above the $37K level soon, the bearish...

After the Central African Republic (CAR) announced adopting Bitcoin as legal tender and legalized the use of cryptocurrencies last month, the International Monetary Fund (IMF) warned that such a move might cause financial instability in the country. The criticism came on the heels of the organization expressing hawkish opinions on multiple occasions against El Salvador’s adoption of Bitcoin and president Nayib Bukele’s ambitious plan to introduce Bitcoin-backed bonds. The...

Bitcoin’s price took a nosedive on Thursday after stocks retraced gains made following yesterday’s Federal Open Markets Committee Meeting (FOMC). It fell to $36,520 – the cryptocurrency’s lowest price since Russia invaded Ukraine.  At FOMC on Wednesday, Federal Reserve Chairman Jerome Powell announced the first 0.5% interest rate hike since May of 2000. He set future expectations for further 50 basis point hikes later this year.  However, he also claimed that 75 basis point...

Popular Bitcoin miner Argo Blockchain has announced taking on additional debt under Argo’s equipment financing agreement from a subsidiary of New York Digital Investment Group (NYDIG). The move will help Argo fund the purchase of mining equipment for its Helios facility in Dickens County, Texas. Argo Seeks Additional Equipment Financing From NYDIG As part of the financing, Argo will borrow up to $70.6 million from NYDIG, the interest rates set at 12%, the official press...

The leading private bank in Liechtenstein – LGT Bank – partnered with SEBA Bank to offer direct investments in digital assets for its customers. The cryptocurrencies included in the initiative are the two largest by market capitalization – bitcoin (BTC) and ether (ETH). LGT Enters the Crypto Ecosystem The financial institution noted that the demand for digital assets has risen “sharply” in recent years. To cope with the growing interest, LGT allowed its clients to invest...

The renowned American podcaster, UFC commentator, and comedian – Joe Rogan – said bitcoin reminds him of the Internet in its early days. In his view, it has emerged as a “viable form of currency,” which is a serious concern for the US government. Bitcoin Made the Government ‘Freak Out’ During his most recent podcast episode, Joe Rogan reiterated his support of bitcoin, asserting that the current status of the asset is much similar to the early Internet: “I think of bitcoin...

Bitcoin’s RSI has been rejected from a significant long-term trendline three times. When the RSI hit the mentioned trendline, the price plummeted sharply and was rejected. To provide prospects of positive development in terms of price, the trendline needs to get broken. Technical Analysis By Shayan The Daily Chart The $37K threshold has become a significant support level for Bitcoin, acting as a substantial hurdle for bears. If this level fails to hold, the price will likely...

Major Dubai-based real estate developer Damac Properties has revealed that it would receive payment for property in cryptocurrency. Buy Property With Bitcoin and Ether According to Khaleej Times, Damac said it would add payments for any of its properties that can be made in Bitcoin and Ether, the two largest crypto assets by market capitalization. The company noted that enabling such payment will give more options and will be convenient for real estate investors. Also, the...

Mexico has reportedly gotten another Bitcoin Automated Teller Machine (ATM), and this time it is located in the Senate building in Mexico City. Interestingly, some local politicians, such as Miguel Ángel Mancera, were behind the move. Bitcoin ATM at the Senate’s Front Door According to the local coverage, the Mexican authorities installed the 14th Bitcoin ATM in the Senate’s building in the capital Mexico City, hinting at a further future interaction with the digital asset....

Arthur Hayes, the co-founder and former CEO of leading crypto derivatives platform BitMEX, has predicted that Bitcoin’s price will reach the $1 million mark by the end of the current decade. In a blog post published on Wednesday, Hayes gave a comprehensive breakdown of how the leading cryptocurrency would reach $1 million in eight years, a value that is 2,500% higher than its current price. The Doom Loop Hayes described a phenomenon he calls “The Doom Loop,” which represents...