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Tag Archives: BTCGBP

Bitcoin Dips As Powell Voices Plans To Accelerate Bond Taper

Jerome Powell – Chairman of the Federal Reserve – has now confessed that rising US inflation numbers are not “transitory”. As such, he is considering speeding up the taper on the Fed’s bond purchase program to bring inflation under control. As the news dropped, Bitcoin’s price almost immediately fell by $2000. Inflation Not “Transitory,” Says Powell The chairman voiced his new plans while testifying in front of the Senate earlier today. He said that the US economy is...

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Bitcoin Miner Griid Infrastructure Merges with ADEX to Go Public on NYSE

Griid Infrastructure – an American bitcoin mining company known – and the blank check firm – Adit EdTech Acquisition Corp. (ADEX) – announced their merger. As a result, the latter will acquire Griid Holdco LLC – a newly formed holding organization and parent of Griid. Upon finalizing the transaction, the combined entity is expected to be listed on the New York Stock Exchange (NYSE). NYSE Might Have a New Participant According to a November 30 press release, the entity will go...

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Invesco Launches Bitcoin Spot ETP With German Stock Market Operator

Deutsche Borse – a German stock market operator – recently announced the listing of a Bitcoin Spot ETN on its digital stock exchange “Xetra.” The product comes from Invesco, an American investment management company that filed for a Bitcoin futures ETF in the US in August but recently dropped. Invesco’s Spot ETN Deutsche Borse revealed the new product in a press release on Monday. Accordingly, the “Invesco Physical Bitcoin” ETN (ticker: BTIC) offers “physically secured access...

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Bitcoin Price Analysis: First Bullish Signs Following the Weekly Close

After a wild week of volatile price swings, BTC managed to hold the key support at $57.1K, closing the weekly candle at $57.3K. Bulls pushed the price higher, heading into the weekly close, and manage to liquidate a lot of short positions. For the near term, it’s still too early to confirm a bottom as we have to see how stocks trade this week. Chart by TradingViewThe Technicals Long-term technicals remain bullish as BTC continues to make higher highs and higher lows. For the...

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El Salvador’s President Responds to Bank of England’s Bitcoin Adoption Criticism

The Bank of England is not a fan of bitcoin nor its growing adoption in countries like El Salvador. The Governor – Andrew Bailey – has repeatedly expressed his “concerns,” but this time, El Salvador’s President Nayib Bukele issued a response. BOE “Concerned” About El Salvador and Bitcoin Ever since the small Central American nation outlined plans to adopt bitcoin as legal tender in June 2021, numerous global financial organizations have tried to warn the country not to do it....

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Turkish Lira Collapses Under Erdogan’s Rule: Can Bitcoin Be a Lifeboat for Locals?

The Turkish lira – Turkey’s national currency – has been in a state of freefall for the last three months and has lost around 35% of its value against the US dollar. This has been the result of the President’s somewhat controversial policies and decisions, the latest of which led to a 15% daily drop against USD. In September, President Recep Erdogan also declared war on bitcoin, aiming to pave the way for implementing the digital lira. Since then, Turkey has suffered...

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Crypto Correction Deepens: Market Cap Below $2.5 Trillion, Ethereum Amid $4K Again (Market Watch)

The landscape in the cryptocurrency market continues to look dim, with bitcoin falling to overcome $55,000. The altcoins also struggle as Ethereum is close to breaking below $4,000, while Polkadot dumped by another 6% in a day. Bitcoin Suffers Below $55K It’s safe to say that bitcoin has seen better days, which weren’t all that long ago. The cryptocurrency challenged the coveted $60,000 mark on Friday before a sudden price dump, perhaps prompted by fears of a new COVID-19...

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Kevin O’Leary Invests in Crypto Only After Discussions With Regulators

The prominent TV personality  – Kevin O’Leary – said he would not invest in cryptocurrencies before consulting with regulators first. To him, the space lacks clarity, and watchdogs are the ones to say “what is possible and what isn’t.” The celebrity investor added he is keen on the following blockchain projects: Solana (SOL), Polygon (MATIC), and Hedera (HBAR), hinting they could “win long term.” Not Like a ‘Crypto Cowboy’ Kevin O’Leary – also known as Mr. Wonderful as one of...

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Bitcoin Price Analysis: After Friday’s Bloodbath, is the Selloff Over?

Just as Bitcoin started showing early positive developments of recovery, fear of a new variant of COVID-19 sent global stocks sharply lower, causing the crypto market to decline. Although the near-term price action looks bearish, the overall trend in fundamental and on-chain continues to remain strong, suggesting the bull market is likely to continue. Bitcoin has tested a critical uptrend support line around $54K, entering a very crucial technical zone of support. Chart by...

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Market Watch: Bitcoin Concludes Its Worst Day Since September

The last day was particularly tumultuous throughout the entire cryptocurrency market and bears clearly had the upper hand. While an argument can be made that this is a correction that (so far) failed to damage the long-term market structure, it’s a fact that BTC’s price saw its worst day of trading since September 7th. Bitcoin Price Tumbled Below $54K Yesterday, bears took full control over the market, and this resulted in the worst daily candle Bitcoin’s had since September...

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