Tag Archives: BTCGBP

Bitcoin’s price recently soared by $2500 within one hour in light of US President Joe Biden’s comments on Russia’s invasion of Ukraine. It’s now recovered to its price since before the market panic surrounding the conflict took place. Yesterday, Bitcoin’s price collapsed from $39k to $34,500 after Russian forces began attacking Ukraine’s military infrastructure. Over $400 million in liquidations took place following the crash. The entire crypto market had declined by $200...

Mexican senator for the State of Nuevo León, Indira Kempis, has stated that she wants to make the country second after El Salvador to adopt Bitcoin. However, the chances of this actually happening are slim at best. Speaking to local media this week, she noted that she aims to promote the use of Bitcoin in the country and use her political position to achieve that goal. “We need bitcoin to be legal tender in Mexico, because if it is not so, if we do not make that decision as...

Amid international crises and a shaky crypto market, debates rage on about what role Bitcoin actually serves as an investment. Is it digital gold, or just another risk asset? In a recent tweet, Ki Young Ju –  CEO of crypto market analytics firm CryptoQuant – weighed in on the matter. He believes that as long as institutions like MicroStrategy continue buying Bitcoin, the asset’s “digital gold” narrative continues to apply. Knowing Bitcoin’s Fundamentals Ju offered his...

Putin’s “special military operation” caused major financial uncertainty in Ukraine. To bring more clarity to the situation, the National Bank of Ukraine informed that local monetary institutions will suspend the issuance and distribution of electronic money. Ukraine’s Central Bank Introduces Its Policies It is safe to say that Russia’s military operation in Ukraine is the top news today (February 24). As Russian troops are heading towards the biggest cities of their neighbor,...

The past couple of months have been challenging in the cryptocurrency market as many coins, including Bitcoin, lost substantial chunks of their dollar value. While the primary cryptocurrency is down about 50% since its November all-time high, many altcoins are crashing harder. This became even more pronounced in the context of the tensions between Ukraine and Russia, which ultimately resulted in a war between both countries. Altcoins Crash, BTC Dominance on the Rise Bitcoin’s...

Kazakhstan’s Ministry of Energy discovered and halted the operations of 13 illegal digital asset mining farms. Those were collectively using an electricity capacity of over 200 megawatts. War on Illegal Miners The central Asian country was torn by protests at the beginning of 2022 when thousands of residents occupied the streets to fight against the surging electricity prices. Shortly after that unrest, Kazakhstan’s government vowed to crack down on unauthorized...

Bitcoin is forming a consolidation structure in both the daily and 4HR time frames. Based on the number of active users on the network – the lack of demand among retail investors is still evident. Therefore, any sudden change in market sentiment can lead to unexpected volatility. Technical Analysis By: Shayan Long-Term Bitcoin got rejected from the multi-month descending trendline after failing to sustain its bullish surge. It has also broken down the 50-Day moving average...

The past few weeks have not been kind to the cryptocurrency industry and the financial markets. In line with the fear of a growing conflict in Ukraine, the civil unrest in Canada, and the Fed’s decision to raise interest rates, the prices of most assets significantly declined. Bitcoin, for one, dropped to $36,000, which is its lowest price since February 3rd. Keeping in mind those events, many envisioned the start of another cryptocurrency bear market. In its recent report,...

El Salvador’s decision to make bitcoin an official payment method inside the nation’s borders has positively affected the local tourism industry, said the country’s Minister of Tourism. Since then, the sector has been up by more than 30% as most visitors come from the United States of America. Tourists Want to Explore The Bitcoin-Loving Country Similar to other Latin American nations, the tourism sector contributes a significant part of El Salvador’s GDP. Prior to the...

The Canadian businessman and television personality – Kevin O’Leary – views bitcoin as a coin, currency, and software. He believes that having exposure to BTC is the same as holding positions in giant corporations such as Microsoft or Yahoo. In addition, O’Leary predicted that BTC could surge to $300,000 once there is regulatory clarity in the industry. Bitcoin Is Like the Big Players Numerous celebrities have changed their stance on bitcoin over the years, and Kevin O’Leary...