Tag Archives: BTCGBP

The positive momentum in the crypto markets is now being shadowed by a cross of two significant moving average lines. A death cross occurs when the MA-50 crosses below the MA-200 line. This time, the cross was between the MA-100 crossing below the MA-200 line. Reviewing the historical incidents where this cross took place, the market has reacted negatively last time, causing a 15% correction in June – July 2021 following the previous incident of a death cross. Technical...

DriveWealth – a SoftBank-backed start-up that assists fintech firms in offering stocks – will reportedly provide cryptocurrency trading services to clients. To do so, the company will acquire Crypto-Systems – a separate digital asset organization based in the United States. DriveWealth to Compete with Coinbase CNBC reported that shortly after the acquisition, the start-up will launch two subsidiaries to offer Bitcoin and Ethereum trading opportunities to partners in April or...

Traders are once again hoping for a bullish run as a fresh slash of green spread across the entire crypto market. Interestingly, the 50-DMA indicator shows that the cryptocurrency might be in a good shape for further gains. Bitcoin surged to $45,500 today for the first time since January 5th as the cryptocurrency market managed to reclaim the $2 trillion mark. Although BTC failed to sustain the $45,000 levels and is currently trading slightly below the $44,000 region, the...

Sam Bankman-Fried’s cryptocurrency exchange, FTX, announced that it will give away free Bitcoin to its fans as part of an advertising campaign during Super Bowl LVI on February 13. The campaign is part of an effort by FTX to gain a more significant brand presence in the more mainstream audience of sports fans – especially considering that the Super Bowl is the most watched sports event in the United States. The Right Time Sam Bankman-Fried is an expert in aggressive and...

The Canadian subsidiary of KPMG – one of the “Big Four” international accounting firms – has just confirmed the addition of Bitcoin and Ethereum to its corporate treasury. The purchase is said to “reflect the firm’s commitment to emerging technologies and asset classes”. According to a press release from Newswire, KPMG included carbon offsets alongside the purchase, in order to maintain net-zero emissions on the relevant purchases. Bitcoin and Ethereum are often criticized...

The recent spike in bitcoin’s price left many market participants in a well-known phase called “Disbelief.” Many technical analysts were waiting for the RSI indicator and price trend to break above the long-lasting resistance line that was formed in the daily time frame. Here, this break out is investigated from both technical and onchian perspectives. Technical Analysis By: Shayan Long-Term Bitcoin had been stuck below an important resistance trendline (blue line) for a...

February’s investment report by Bloomberg Intelligence argued in favor of cryptocurrency investments. In particular, it suggested that Bitcoin, Ethereum, and USD stablecoins will continue to do well. At the same time, though, smaller digital assets could be in trouble due to excessive speculation, analysts at Bloomberg asserted. “Some purging of the speculative excesses of 2021 may mark much of 2022, but Bitcoin is poised to come out ahead.” BTC vs. Oil In particular, crypto...

According to a recent survey conducted by the trading platform eToro, many single men and women are seeking partners who are not only financially stable but also knowledgeable about cryptocurrencies. 33% of the American participants admitted they are more likely to go on a date with someone who deals with digital assets. Crypto Makes Individuals More Desirable Apart from diversifying one’s portfolio and granting potential for higher returns, cryptocurrencies could also make...

The Bitcoin community celebrated as the layer 2 payment system reached a total of over 3,400 BTC locked. That is an equivalent of around $141 million. Bringing near-zero fee BTC payments, Lightning’s adoption rose dramatically over the last year. During the same period, bitcoin became significantly more utilized as a network and an investment asset by investors and large companies as the crypto bull run went on. However, growth has been slowing since November’s crypto crash....

After surging above $41,000, bitcoin has maintained its momentum and has remained above that level. The altcoins, which marked significant gains yesterday, have stalled now. Axie Infinity is among the few exceptions after a massive double-digit surge. Bitcoin Maintains $41K It was just a few days ago when the largest cryptocurrency struggled to remain above $37,000 and dipped below that level on a few occasions. The bulls attempted to push it north, which resulted in trading...