Tag Archives: BTCGBP

James Bullard – the President of the Federal Reserve Bank of St. Louis – advised that investors should be extra cautious when investing in digital assets. The US banker went further, labeling most of them as ”worthless.” Nonetheless, he revealed that the Fed is looking into launching its own digital coins. Most of The Assets Are Useless In a recent interview with Yahoo Finance, James Bullard – CEO and President of the Federal Reserve Bank of St. Louis – shared his thoughts...

BTC has reclaimed the $40K level after Elon Musk’s surprise announcement that he had spoken to North American Bitcoin miners, who are committing to use renewable resources whilst mining bitcoin, and will request miners worldwide to follow suit. This meeting was hosted by MicroStrategy CEO and Bitcoin advocate Michael Saylor, and it included the leading Bitcoin miners in North America. Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin...

Bitcoin’s bull market will endure and resume, pointed out the popular crypto analyst – Willy Woo. He came to this conclusion after indicating that BTC’s network has kept expanding during this crash. Interestingly, further on-chain data support this narrative. BTC Bull Run Intact Ever since bitcoin peaked at $65,000 in mid-April, the cryptocurrency has been on a downfall. After nosediving below $60,000, the situation worsened earlier in May following negative news from Tesla...

Bitcoin is up by an impressive 18% since yesterday’s low at $31,100. It fell beneath the $36,750 (.786 Fib) support yesterday and ended up closing the candle at $34,760 (downside 1.414 Fib Extension) after dipping as low as $31,100 in the session. The session turned to be one of the worst days bitcoin had seen dollarwise. Today, following the huge rebound, BTC is attempting to recover and break back above the $36,750 – $37K level, once again. This pattern could justify a...

Cryptocurrencies and the hip hop industry continue to intertwine as famous rapper Meek Mill plans to expand his portfolio with Shiba Inu. This comes shortly after he purchased Bitcoin and Dogecoin. Meek Mill Plans to Buy Shiba Inu The skyrocketing popularity of meme coins, led by Dogecoin, caught the attention of multiple celebrities. The trend, perhaps started by Tesla’s CEO – Elon Musk, kept snowballing and is now deeply connected to the US hip hop scene. Robert Rihmeek...

A bullish case isn’t on many people’s minds – but signs are cropping up that Bitcoin may indeed be headed for a trend reversal. Here are some signs explaining why BTC might be overdue for a renewed uptick. Bitcoin reached its all-time high of almost $65K on April 14, 2021, a little over a month ago. However, over the past 10 days the price violently broke down from the $50K mark and even reached $30K last Wednesday. Bearish sentiment affected the whole crypto market, as...

Michael Hsu – the new chief of the OCC – revealed that the US independent bureau plans to put under review its crypto guidelines offered over the past year. He added that all federal banks should provide interpretive letters and guidance, including issues around digital assets alongside pending matters. Is Stance Towards Crypto Getting Tougher? The United States Office of the Comptroller of Currency, which regulates all national banks and federal savings associations, will...

Bitcoin chopped downwards today towards $31K, looking to retest local lows made earlier in the week just around the $30K mark, according to Bitstamp. According to data from Bybt, over the past 12 hours the crypto markets saw liquidations of over $1.2 Billion in trader positions. As of writing these lines, BTC price is decreasing 15% over the past 24 hours, whereas major altcoins were hit even harder, with ETH down 21% to a current daily low of $1730, XRP down 24% to $0.65 –...

Mark Bristow, the CEO of the gold mining company Barrick Gold, criticized the cryptocurrency space following the latest substantial price crash. He asserted that no one can just print gold, which was not the case with digital assets, and questioned their store of value status Crypto No Better Store of Value Than Gold Founded in 1983, Barrick Gold Corporation is a large mining organization producing gold and copper with over a dozen operating sites in 13 countries. Speaking to...

Bitcoin is ending today (Sunday) a second bloody week, which could probably turn into the worst-ever week for the primary cryptocurrency if we measure it dollar-wise. On May 10, just 13 days ago, the price was trading at nearly $60K. This week’s low from Wednesday lies slightly above $30K, according to Bitstamp. A 50% decrease in 13 days, and 54% below the ATH level of around $65K  recorded on April 14. $16K weekly candle. BTC/USD weekly chart, Source: TradingView As...