Tag Archives: BTCGBP

As per ex-parliament member Lord Fusitu’a, the island nation is on course to adopt bitcoin as legal tender by November 2022. For now, though, the cryptocurrency is being used to transfer funds to Tonga, which was hit by a Tsunami recently. Bitcoin Donations for Tonga A tsunami measuring 1.5 meters triggered by the shockwave hit Tonga during the weekend, inundating homes and roads and damaging communication lines. However, no death has been reported so far. The shockwave was...

Following a steady weekend, Bitcoin maintains the $42K range. Considering the options market strike prices and the technical analysis, bitcoin is expected to fluctuate in the $40K – $47K range in the next short term. Onchain data shows that long-time holders recently slowed down their selling pressure, and it seems that BTC is under consolidation. Options Market Analysis Since last month, the bitcoin price has been consolidating in the $40-42K range. Looking at the options...

According to a research handled by the large digital asset platform Huobi Group, nearly 7 in 10 crypto holders entered the market in 2021. Despite the rising interest in the asset class, approximately 25% of the participants believe “it’s all a scam/bubble,” which is going to collapse, the survey estimated. 7 in 10 Entered The Crypto Ecosystem Last Year Huobi’s poll consisted of more than 3,000 people. The company conducted it in mid-December 2021, while the results were...

After yesterday’s drop to sub-$42,000 levels, bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains from Litecoin and ATOM. Bitcoin Touches $43K The past several days seemed quite positive for the primary cryptocurrency. The asset had recovered from its dip below $40,000 on Monday and was increasing in value gradually. In just a few days, it added more than $4,000 of...

The Northwest Arkansas Council has stepped into the world of crypto by giving away $10K worth of bitcoin to professional workers. The only condition: they have to settle in the region. Move-in and Get Bitcoin Northwest Arkansas is widely regarded as one of the top places to live in the United States due to its job opportunities and low cost of living. Despite its advantages, the region consists of mere 540,000 inhabitants. To attract more individuals to settle in the area,...

Similar to the consolidation in May-July 2021, the market is forming a significant supply/demand level in the $40K-$42K range. Aside from the short-term price trend, the mentioned area will be a significant support (or resistance) for long-term price actions. Technical Analysis Many analysts believe the $40K-$42K zone resembles the $30K-$32K range in May-July. Since December 5th, the $40K-$42K zone acted as good support. But, considering the low demand in the spot market,...

For the first time in quite a bite, the past seven days have turned out to be positive for Bitcoin, although the overall cryptocurrency market is slightly down throughout the same period. Data from CoinGecko shows that the market capitalization is down some $40 billion. Starting with Bitcoin, its price was hovering around $41,000 this time last week and very soon after that increased to $42K only to drop towards $40K on Monday. Since then, however, the cryptocurrency has been...

According to Hong Fang – Chief Executive Officer of the US cryptocurrency exchange OKCoin – bitcoin’s price could surge past $100K. However, there are a lot of elements that play in the short-term, meaning the asset might not reach the milestone that soon, she added. Bitcoin at $100K Is ‘Reasonable’ Despite bitcoin’s recent price decline and volatile nature, the number of individuals envisioning the cryptocurrency with a future price tag of $100,000 is growing daily. OKCoin’s...

The State Bank of Pakistan (the nation’s central banking institution) and the Federal government are reportedly contemplating imposing a complete ban on all cryptocurrency endeavors. The authorities claimed that digital assets are illegal, are not able to facilitate trade activities, and could be used to finance acts of terrorism and launder money. Pakistan to Ban Crypto? Last October, the Sindh High Court urged the Pakistani government to regulate the cryptocurrency space...

According to Guido Buehler – Chief Executive Officer of the Swiss-based SEBA Bank – bitcoin will reach a new all-time high in 2022. The exec believes institutional investments will be the main factor for such a price surge. Additionally, the digital bank raised $120 million in a Series C funding round co-led by DeFi Technologies and Alameda Research. The organization vowed to use the funds to expand into new markets globally and increase the product offerings. BTC to Touch...