Tag Archives: BTCGBP

It finally happened: After four failed attempts during the first months of 2022, Bitcoin managed to overcome the critical resistance line at $46K and the hope returned to the market. While the bears struggled to defend this area, the bulls were able to take control by liquidating more than $400 million of open positions. Most of the indicators are now in the bullish zone. Technical Analysis by Grizzly The Daily Chart On the daily timeframe, the ROC 30d indicator was able to...

The lack of knowledge among common investors about cryptocurrencies and how to safely invest in them is resulting in a growing number of frauds. In a recent example, the Crime Investigation Department (CID) of Ahmedabad Police in India’s Gujarat province registered a case where the victim was duped of Indian Rupees (Rs.) 22 lakh (approximately $27,000). Details of the Case As per the First Information Report (FIR) lodged with the police, Harshad Patel was introduced by his...

There’s been a lot of discussion surrounding EU’s proposed MiCA regulations, especially the text that was aimed at outlawing proof-of-work cryptocurrencies like Bitcoin. Now, the law is moving forward but without these clauses.  A Relief for Bitcoin in EU The European Union’s (EU) proposed Markets in Crypto Assets (MiCA) regulatory package has decided not to advance the controversial provision targeted at limiting the use of the proof-of-work cryptocurrencies due to energy...

Following a bullish rebound over the past few days, Bitcoin has once again reached the critical resistance zone of $45K. The good news is that the price has broken above the 100-day moving average line, followed by a bullish rally compiled of five green daily candles. The Daily Chart Technical Analysis By Shayan The BTC price is currently aiming for another attempt to break the critical resistance level of $45K. If it succeeds, breaching above the $46K supply zone could be...

Almost half of the German population is motivated to invest in cryptocurrency, as revealed by digital asset exchange KuCoin’s ‘Into the Cryptoverse 2022’ report. Crypto Adoption in Germany Grows According to the report, 44% of Germans are somewhat motivated to “invest in cryptocurrencies to be a part of the future of finance.” 35% of them would do it for the opportunities of earning passive income and 30% consider crypto to be a reliable store of value. Some also hope to...

A man in New York has been charged with running a cash-to-Bitcoin money laundering scheme in New York. Among other things, the case also shows the negative bias of law enforcement to crypto. Laundering Money Through Bitcoin According to a recent Bloomberg report, a 42-year-old man called Thomas Spieker was indicted for allegedly running a “cash-to-Bitcoin” money laundering operation in New York. The man was supposedly bragging openly on social media about his doings,...

Cryptocurrency adoption comes in different forms these days, but it seems that countries and cities are becoming more open to the idea of allowing certain payments to be made using such assets. Brazil’s second-largest city said it wants to become the first within the nation’s borders to accept BTC payments for taxes. The report from Bloomberg Linea outlined the announcement from the city of Rio De Janeiro indicating that residents will be able to pay IPTU (Imposto Sobre a...

Bitcoin kept climbing yesterday and registered a new three-week high at just over $45,000. On a daily scale, though, most alternative coins have lost some traction, but the crypto market cap has reclaimed the coveted $2 trillion mark. Bitcoin Touched $45K Bitcoin’s price trajectory in the past several days has been predominately upward. The asset scared the bulls on Monday that it could dip below $40,000 for the first time in a week, but they regained control over the market...

The largest Canadian Bitcoin ETF is hitting back-to-back all-time highs with respect to its BTC holdings as inflows intensified. Purpose Bitcoin ETF Sees Huge Infusion Of Capital Citing data from the blockchain intelligence platform, Glassnode, market analyst Jan Wüstenfeld revealed that Purpose Bitcoin ETF currently holds more than 36k BTC, meaning a 23% increase in holdings YTD. The exchange-traded fund concluded with an AUM of 34.07k BTC last week, adding more than 2k BTC...

It’s been an interesting week in the cryptocurrency space, and finally, we saw some green. The market recovered the coveted $2 trillion total capitalization mark as the majority of the cryptocurrencies charted considerable gains. All in all, the total market cap is up by some $200 billion in the past seven days. Bitcoin surged by 8.4% over the same period and tested the important technical resistance at $45,000. This is the third time the cryptocurrency is coming against this...