Tag Archives: BTCGBP

Robert Kiyosaki believes the US regulators will go hard against most alternative coins once they are classified as securities. As such, the author of several best-seller books continues to invest only in bitcoin, which the CFTC and even the SEC have said is a commodity. Kiyosaki on BTC and Altcoins The 75-years old US entrepreneur, author, and investor changed his tune on the primary cryptocurrency during the COVID-19-induced crisis, saying the asset had proven itself in...

The end of 2022 brought almost zero volatility for bitcoin, which remained flat at around $16,500. Most altcoins also failed to produce any significant volatility, aside from the two recent high-flyers – OKB and Toncoin. Bitcoin Stalls at $16.5K In yesterday’s Market Watch, CryptoPotato summarized bitcoin’s overall price movements in 2022, which started on a high note at almost $50,000 but ended 65% lower following a violent year that saw multiple collapses. While zooming in...

Publicly-traded business intelligence company MicroStrategy revealed that it sold part of its bitcoin stash on December 22 for tax purposes. Although the firm later purchased more bitcoins, the sale defied its promise of never selling any portions of its BTC stash. MicroStrategy Sold BTC for Tax Benefits As reported earlier, MicroStrategy purchased 2,395 bitcoins worth about $42.8 million between November 1, 2022, and December 21, 2022. The company then sold 704 BTC for about...

The price of bitcoin took a massive hit in 2022, dropping by more than 50% in 12 months. However, the crypto analytics platform Santiment believes there’s more bad news incoming in the new year. The company based its rather bearish prediction on the BTC whales’ activity. BTC Whales Are Net Sellers Santiment began its 2023 prediction analysis by highlighting the significance of BTC whales’ behavior for the asset’s price movements. This is somewhat expected since these types of...

For better or worse, 2022 is about to end, and the bitcoin bulls are in a hurry to send this rather violent year packing. The asset’s price tumbled amid macroeconomic hurdles, industry collapses and scams, and everything in between. The micro scale doesn’t give much hope either, as BTC slipped to a new 10-day low of way below $16,500 yesterday. Bitcoin’s Nightmare Year Comes to an End After the massive bull market of 2021, in which bitcoin skyrocketed to an all-time high of...

The last week of 2022 ends with a bang but not in terms of price action, which remains as dull as possible. However, it was marked by multiple events, so let’s dive in. First things first, Michael Saylor’s MicroStrategy seems far from being done with buying BTC. The company revealed another purchase of more than 2,000 bitcoins, bringing its total to more than 132K. It’s also worth noting, though, that the company also sold around 700 BTC for the first time ever – for tax...

Bitcoin’s price has been confided by a very tight price range between the 50-day moving average and the ascending trendline. Considering the importance of this price range, the breakout’s direction should determine the mid-term perspective of the cryptocurrency’s path. Technical Analysis By Shayan The Daily Chart Bitcoin’s price started recovering after the significant crash toward $15K in mid-November. However, the rally didn’t last long and was halted at the $18K resistance...

Sitiveni Rabuka became Fiji’s 12th Prime Minister after winning the country’s elections earlier this month. The 74-year-old, commonly known by his nickname “Rambo,” is a proponent of bitcoin. Former member of Parliament of Tonga Lord Fusitu’a applauded the Rabuka for his success, supporting the idea of Fiji and Tonga embracing the primary cryptocurrency as legal tender in 2023. ‘Let’s Go 2 for 2’ The People’s Alliance Party (PAP) became the new ruling political group in the...

Mike Novogratz – the CEO of Galaxy Digital – praised his company’s decision to purchase the bitcoin mining facility – Helios. The firm recently won the auction to acquire another cryptocurrency entity – the blockchain cybersecurity platform GK8.  ‘Long-Term Believers in BTC’ In a recent tweet, Novogratz justified the Helios’ acquisition with the fact that Galaxy Digital is a “long-term” believer in bitcoin. He also thinks lowest-cost BTC miners will prevail in the future,...

MicroStrategy’s Executive Chairman – Michael Saylor – said the company intends to roll out Bitcoin Lightning Network-powered solutions and applications next year. The business intelligence firm previously planned to launch an enterprise Lightning Wallet and Lightning servers and was looking to hire a software engineer to be in charge. Presenting the 2023 Plans Saylor revealed the firm’s intentions on Twitter Spaces, saying MicroStrategy is exploring ways to integrate...