Bitcoin has calmed after the Friday rollercoaster that drove it up and down by over a grand and remains relatively still at $30,500. The altcoins are also less volatile today, as it typically happens during the weekends, with SOL emerging as the most substantial gainer from the larger caps. BTC Above $30K Bitcoin went on a tear last week when it jumped from $26,500 to over $31,000 to register a new multi-month high. The bears tried to intervene but only managed to halt BTC’s...
Read More »BTC Flirts With $30K But Warning Signs Start Popping: Bitcoin Price Analysis
After a successful breakout above the critical $30K resistance level, Bitcoin’s price is currently maintaining its position above this level. However, there are concerning indications emerging that suggest a potential retracement or change in direction in the near future. Technical Analysis By: Edris The Daily Chart: After a strong bullish breakout above the crucial resistance level at $30K, the upward momentum in Bitcoin’s price has halted on the daily chart. The price is...
Read More »Litecoin (LTC) Soars to 14-Month High Above $100, Bitcoin (BTC) Reclaims $30K (Weekend Watch)
Bitcoin went on a short-lived roller-coaster yesterday but has reclaimed $30,000 after dumping to a 10-day low. Yet, its dominance over the altcoins has declined a lot on a daily scale, as some, such as LTC, LDO, VET, and BSV, have shot up. BTC’s Dump and Pump After last week’s massive price surge, which drove bitcoin from $26,500 to over $31,000 at one point, the cryptocurrency had calmed and remained in a tighter range between $30,000 and $31,000. It tried to overcome the...
Read More »How Much Money Does it Take to ‘Moon’ Bitcoin? Analysis
The resurgence of institutional interest in Bitcoin this month has investors and analysts pondering just how high its price could go within the next two years – especially with the ‘halving’ just around the corner. Here’s what analysts have to say regarding Bitcoin’s price cycles and what kind of money it would take to send it to the moon. Institutional Involvement Throughout June, a number of high net-worth asset managers, including BlackRock and Fidelity, filed applications...
Read More »MicroStrategy Buys More BTC but Bitcoin Wobbles Around $30K Amid SEC-ETF Rejection Rumors: This Week’s Crypto Recap
A lot can change in the cryptocurrency industry within a week, and the waves indeed fluctuated in the past seven days. The market rejoiced recently as several multinational financial giants filed for a Bitcoin Spot ETF, but the tides could be turning now, according to a WSJ report from Friday. Let’s unpack. BlackRock shook the crypto market two weeks ago when it filed an application to release a BTC Spot ETF in the States, which would make it the first such product...
Read More »Bitcoin Dumps Below $30K as SEC Warns That Recent BTC Spot ETF Filings Are ‘Inadequate’ (WSJ)
The US Securities and Exchange Commission has reportedly issued a warning that the recent Bitcoin Spot ETF filings by financial giants, such as Fidelity and BlackRock, could lack comprehensive details. The agency has a long history of rejecting such products in the States, and its current war on crypto is likely not helping. BlackRock made the headlines a few weeks ago when it filed to launch a Bitcoin Spot ETF in the States, which, if approved, would be the first such...
Read More »North Carolina House of Representatives Wants to Spend $50K to Study Benefits of Holding Bitcoin
The North Carolina House of Representatives has passed a bill that includes provisions to investigate the acquisition and potential benefits of Bitcoin and other cryptocurrencies. House Bill 721, titled “State Precious Metals Depository Study,” aims to examine the potential impact of a state securely holding, insuring, and liquidating virtual currency, with special emphasis on Bitcoin. The legislation received 73 votes in favor, 40 against, while seven participants were...
Read More »Will Bitcoin Surge to $35K in July? Matrixport Analysis
Bitcoin surging past the $31,000 psychological level was crucial in many ways. For one, the world’s premier cryptocurrency hit a one-year high amidst the incessant bear market. But the gains may not stop here. Historically, July has been a month for strong rallies, according to the digital asset platform Matrixport. In its latest analysis, Bitcoin bulls are gearing up for the “seasonal surge” as prices tend to rally in July. Throughout the last decade, Matrixport observed...
Read More »BTC Skyrockets 15% Weekly but Bearish Signs Start Flashing: is a Correction Coming? (Bitcoin Price Analysis)
Bitcoin is facing challenges in surpassing the significant resistance at $30K, which has been holding the price for a prolonged period. If successful, this breakthrough would result in a bullish bias for the cryptocurrency in the medium term. By Shayan Bitcoin recently found support at both the static support level of $25K and the lower trendline of the channel. Consequently, the substantial buying pressure in this support region led to a significant surge, with the aim of...
Read More »Rugby Champion Jarryd Hayne Lost Almost $800K in a Bitcoin Scam: Report
Jarryd Hayne – a former NRL superstar – has supposedly parted with $780,000 after falling prey in a Bitcoin scam. The athlete, who was slammed with a prison sentence for allegedly raping a woman, was tricked by a fellow inmate. The scammer is currently in jail after being accused of swindling $4.6 million from family and friends in a Ponzi scheme. Conned Even Behind Bars As reported by Daily Mail, the person in charge of the Bitcoin fraud was Ishan Seenar Sappideen, who met...
Read More »