Tag Archives: BTCGBP

Let’s start with some good news: despite dropping by 2.7% today, Bitcoin’s price is still up by 3% over the past week, as of writing these lines. A quick recap: the primary cryptocurrency started the month of April by attempting to push above the $60,000 level, this was the fourth attempt since March 18. Unfortunately, it got rejected once again, and over the past hours lost around $3500, reaching as low as $56.5k on Bitstamp. There, it met short-term support at the .382 Fib....

Another unsuccessful attempt to overcome $60,000 has resulted in a $3,500 price drop for bitcoin. Most altcoins have also followed along south, and the entire market cap has lost more than $60 billion in a day. Bitcoin Dipped to $56,500 after Another Rejection As previously reported by CryptoPotato, bitcoin was flirting with the coveted $60,000 price line for several consecutive days. However, every attempt to reconquer it was met with immediate rejection. The situation...

The American businesswoman, model, actress, and celebrity Paris Hilton, owns bitcoin and is “very, very excited” about the first-ever cryptocurrency. Interestingly, the long-time BTC proponent Max Keiser said that the asset saved her from the wicked path she was on. Hilton is ‘Very Excited’ about Bitcoin The primary cryptocurrency has seen mass endorsement from celebrities in the past several months. From entrepreneurs like Michael Saylor and Elon Musk to legendary legacy...

Large banking organizations and institutional investors could reinvigorate their demand for bitcoin soon, commented researchers from JP Morgan Chase & Co. They reasoned that BTC volatility levels have been decreasing in recent weeks, which could be the primary benefit for institutions. BTC’s Volatility Plays a Role for Institutions Analysts representing the giant US multinational investment banks, led by Nikolaos Panigirtzoglou, have been increasingly interested in...

When it comes down to developing a central bank digital currency (CBDC), perhaps no country is more advanced than China. Upon carrying out several tests in recent months, the People’s Bank of China said that the interest in the innovative initiative is surging, but bitcoin could also have a vital role in that. BTC Behind the Surging CBDC Demand? Although some reports claim that four of every five central banks are currently working on launching their own CBDC, China has been...

Bitcoin’s inability to overcome $60,000 has caused him a massive chunk of its dominance in the past few weeks as the metric is down to a 7-month low well beneath 60%. In contrast, some altcoins have charted impressive gains, including new all-time high records for Ethereum and Polkadot. Polkadot’s ATH Takes it to 4th Place The past several days have been quite bullish for the altcoin market. Ethereum led the charge with several consecutive green daily candles, resulting in...

This week was undoubtedly bullish for the entire cryptocurrency market, which came inches away from $2 trillion. This happened as Bitcoin looks to reclaim $60K, Ethereum surged above $2,000, and BNB saw a brand new all-time high. In retrospect, it was up only for the entire market during the last seven days. Bitcoin started trading at around $54K and progressed slowly but steadily through the week. On Monday, the price skyrocketed to above $58K before another leg up Tuesday,...

Bitcoin fans have a lot to celebrate these days. Apart from the skyrocketing price in recent months, the community saw several pro-bitcoin endorsements from (former?) critiques. Peter Schiff finally admitted he was wrong, Anthony Sassano replaced his ETH holdings with BTC, and Litecoin rebranded its product to BitcoinLite. And, all of these milestones, and more, happened on one particular day – April 1st. Schiff Was Wrong about Bitcoin There’s no other way to start this...

This week was undoubtedly bullish in the cryptocurrency market. The major coins saw serious increases. The same is true for small-cap cryptocurrencies, as the notion of a booming altcoin season is strengthening. Bitcoin Bitcoin is up by a strong 15.8% this week as the cryptocurrency starts to push back toward the $60,000 level. It found support at the 50-day MA last week, at around $50,200, and started to rebound. Throughout the course of the week, Bitcoin managed to push...

The Bitcoin network continues to become more and more robust. This is confirmed by the expanding computing power put in the blockchain from miners, which has resulted in new all-time highs for the mining difficulty and the hash rate. New ATH for BTC Hash Rate Hash rate is a measuring unit of the processing power on Bitcoin’s blockchain. Essentially, it suggests that when there’re more miners who put their computational devices to work on the network, the metric goes higher,...