Tag Archives: BTCGBP

In a letter addressed to MicroStrategy’s stockholders on Thursday, the company’s CEO Micheal Saylor doubled down on his conviction of continuing its years-long bitcoin buying spree. The paper aimed to pave the foundation for the Annual Meeting of Stockholders scheduled on May 22nd, 2022. The CEO also promised that MicroStrategy, the publicly traded company with the most number of bitcoin holdings, would continue to buy more BTC and provide its software intelligence services...

Once considered an attractive country for Chinese Bitcoin miners after the country’s crackdown on any BTC mining activity, Kazakhstan now seems to be set to creating new taxes that will negatively impact the industry. On April 14, the Minister of National Economy, Alibek Kuantyrov, said in a government briefing that his team is working on a tax plan that would link tax payments to the valuation of the mined tokens. According to Kuantyrov’s statement, first reported by...

This week was entirely unproductive for cryptocurrency bulls as the market took a beating and Bitcoin collapsed to $40K. And yet, it appears that the entire world was focused on another exciting event – Elon Musk’s proposition to buy Twitter and take it private. First things first, the cryptocurrency market lost some $160 billion over the last seven days and collapsed below the important level of $2 trillion. This was largely because of Bitcoin’s drop to $40K. It all started...

PlanB, the creator of the bitcoin Stock-to-Flow (S2F) model, implied that only a black-swan incident could drag the price of Bitcoin down to $24,500. The anonymous Twitter pseudonym in the past has missed Bitcoin’s price predictions on some occasions, but his bullishness on the asset still remains intact, asserting that it could reach $100K at the end of the year. The bitcoin analyst with over 1.7 million followers on Twitter said in a tweet that he doesn’t see a reason that...

Larry Fink – CEO of the multinational investment management corporation BlackRock – seems more and more convinced of the merits of the cryptocurrency industry. He said his company is studying digital assets broadly, while clients have recently shown great interest in the sector. BlackRock Marching Towards Crypto The Chief Executive Officer of BlackRock – Larry Fink – was nowhere near that supportive of the cryptocurrency universe back in the days. In 2017, he described...

Cryptocurrency exchange Bitfinex, in collaboration with USDT issuer Tether, recently launched a digital asset fund and donated over $1 million in bitcoin to assist families in El Salvador affected by the ongoing gang violence in the country. Crypto Relief Fund Initiative is Bootstrapped With 25 BTC Bitfinex chief technology officer (CTO) Paolo Ardoino revealed that the company teamed up with Tether to support El Salvadoran families who have been hit by the violence...

Technical Analysis By: Edris Daily timeframe: Source: TradingViewBitcoin has been dropping impulsively in the past couple of weeks after being rejected from the 200-day moving average. This level has historically acted as a strong resistance during previous bear markets, and the price failing to break back above it may be considered a bad sign. The price has also broken below the 50-day and 100-day moving averages and is currently retesting them from below. These levels...

According to research conducted by KuCoin, the growing number of Nigerians investing in crypto is propelled by the lack of proper fiat-based opportunities. The study revealed that over 30 million of Nigeria’s population had traded digital assets in the past six months. The Reasons Behind the Adoption KuCoin’s latest “Into the Cryptoverse Report” found out that 33.4 million Nigerians, or 35% of those aged 18 to 60, have owned or traded cryptocurrencies in the last six months....

The US Bureau of Labor Statistics (BLS) unveiled the Consumer Price Index (CPI) reading for March 2022 earlier today. It showed year-over-year inflation at 8.5%, breaking another 40-year high. The CPI tracks the prices of common consumer goods in the United States, such as food, energy, shelter, and transportation. The BLS updates monthly CPI figures roughly ten days into each following month. This month shows an all items index increase of 8.5% from last March, up from...

The 200-day moving average has significantly hindered the recent bullish surge, resulting in a substantial price decline. Bears are currently in control of the market, and the price is plummeting with a strong momentum, which resulted in a break below the 50-day and 100-day moving averages. Technical Analysis The Daily Chart:  Technical Analysis By Shayan The $37K and $34K demand zones are the next levels of support for Bitcoin. If the price is supported by the short-term...