Tag Archives: BTCGBP

Bitcoin’s price has settled at around $27,000 after dipping below that level on a few occasions during the working week. Most altcoins are also quiet today, aside from Tron, which has skyrocketed by double digits. BTC Calm at $27K Although Monday started on a highly positive note, after the US government’s debt ceiling deal and BTC skyrocketed to a two-week high at $28,500, the week didn’t turn out all that well for the asset. It was rejected there, which brought it back down...

Will the Federal Reserve stop raising interest rates next month? For Bitcoin investors, the answer may not actually matter.  According to BitMEX co-founder Arthur Hayes, Bitcoin’s price and inflation will rise in tandem precisely because of hawkish central bank policy – contrary to what modern monetary theory would suggest.  How Rising Rates Will Increase Inflation In a Thursday blog post titled “Patience is Beautiful,” Hayes outlined why the economy’s ever-expanding...

The past seven days saw the cryptocurrency market increase, but it wasn’t something particularly considerable. Bitcoin remained rather stagnant and managed an increase of slightly more than one percent. However, there were those who exploded and led the market’s recovery. Namely, XRP. Let’s dive in. Starting with the BTC price – it wasn’t very impressive during the last week. In fact, the primary cryptocurrency only booked an increase of slightly more than one percent and is...

Bitcoin’s network fundamentals have continued to explode this year. The price side of things, however, has been disappointing recently. With its stagnating since mid-March, concerns about possible downside targets stretching toward $20,000 have emerged. Despite some encouraging signs in recent months, Bitcoin’s latest retreat dragged its price below $27,000. Bitcoin’s Key Support Areas As the world’s largest cryptocurrency remained trapped in a narrow range below $30k,...

Watch that little blue line on Google Trends for “bitcoin” hit the ceiling if the U.S. defaults on its debt. BTC might suffer at first as markets go risk-off, but could easily shine in another global financial crisis. House Republicans reached a tentative deal with President Joe Biden’s White House over the Memorial Day Weekend. The deal would help raise the debt limit imposed by Congress on federal borrowing. But it isn’t yet assured. House Democrats are unhappy with some of...

On Tuesday, the prices of bitcoin and other crypto assets were seen trading at a discount on the Australian arm of Binance, the world’s largest crypto exchange by trading volume, compared to rival local platforms. As of 1:10 pm, bitcoin (BTC) was trading at A$34,863 ($22,670) on Binance Australia, about A$7,516 ($4,913) lower than the average price on most exchanges, including BTC Markets, where it was trading at A$43,000 ($28,130), Coinjar and Independent Reserve. Other...

Although it was launched less than a year ago in its current version, ChatGPT has already made massive strides in the AI community and has become a go-to chatbot for countless questions and inquiries. However, it’s worth noting that the AI virtual machine is not perfect, makes certain mistakes, and cannot be trusted blindly. No, ChatGPT, BTC Has Not Reached $100K Yet The AI chatbot took the world by storm last year as it managed to answer (almost) all questions and queries it...

Floridian programmer and an early Bitcoin miner named Laszlo Hanyecz’s purchase of two pizzas with Bitcoin in 2010 has been etched into history, marking a pivotal moment for cryptocurrency. Since then, Bitcoin Pizza Day is celebrated every year on May 22nd. However, scammers are lurking even on that day. In light of this historic event, several malicious entities have sprung up in action to dupe unsuspecting investors. Considering the current risk appetite of investors for...

Unlike the previous few weekends, this one is turning out to be more positive for bitcoin, which spiked to over $27,000 earlier today. The altcoins also trade in the green today. SOL is among the most notable gainers, with a 5% surge that helped it reclaim $20. BTC Above $27K Last week didn’t go all that well for the primary cryptocurrency, especially after the latest rejection at $27,500 recorded on Tuesday. The bears took complete control of the market in the following few...

Over the past few weeks, Bitcoin’s price has been consolidating within a narrow range after breaking below the 50-day moving average. The market is currently situated between two notable levels, leaving room for several potential scenarios to unfold. Technical Analysis By: Edris The Daily Chart: The price on the daily timeframe has yet to display a notable upward or downward movement. If a rally takes place in the upcoming weeks, the first resistance level to watch is the...