Tag Archives: btcusd

Elon Musk has also made a bold prediction that the global recession will continue until near 2024 Bitcoin halving.Bitcoin has been in a bearish mode for some time with Peter Brandt, founder and CEO of proprietary trading firm Factor LLC predicting that the asset could trade between $17,000 and $23,000 till next year and a half before staging a bull run into new all-time highs. The current bear market has been linked to interest rate hikes to address the rising inflation, and it is unknown...

The power tussle between the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over regulatory oversight of the crypto market continues to confuse investors about which rules to follow.  In line with the turf war conflict between the two market watchdogs, CFTC chairman Rostin Behnam has reiterated that Bitcoin (BTC) and Ethereum (ETH) are commodities, not securities.  Behnam Says Ether is Commodity Despite PoS...

The gloomy market condition has failed to deter long-term Bitcoin holders who are currently in possession of more than 75% of all existing BTC. As per an analyst at the crypto analytics platform CryptoQuant, this level was last seen in October 2015. The sentiment of long-term holders is important as they represent experienced market participants that have been through different phases of the market. The analyst explained that these entities have lower spending behavior...

Following days of inactivity, Bitcoin was struck by another wave of upward volatility on Tuesday. After nearly reaching $20,000, the asset left $100 million in liquidations in its wake.  Bitcoin’s price sat at roughly $19,270 at 12:40 UTC on Tuesday, before rapidly climbing upwards over the next few hours.  The coin touched $19,500 about an hour later, experiencing another hour of flat trading before climbing again to $19,834 by 16:00 UTC. The price is now $19,792, at writing...

The veteran trader is not overly enthusiastic about the prospects of BTC until maybe after 32 months or thereabout.Veteran trader Peter Brandt has given a hint of what to expect of the world’s leading cryptocurrency Bitcoin (BTC) over the next few years. The respected trader spoke on CoinDesk’s “First Mover” program on Monday about the current state of the crypto, and its expected price movement in the next few months, among many other topics.Firstly, Peter Brandt admitted that BTC is...

ARK CEO Cathie Wood recently disclosed that she bought $100,000 worth of Bitcoin at $250 years ago and has never sold it.Cathie Wood recently revealed that she purchased $100,000 worth of Bitcoin (BTC) years ago when it was trading at around $250. The referenced unit price of the popular crypto suggests Wood made the purchase sometime in 2015. Speaking on Peter McCormack’s “What Bitcoin Did” podcast, the ARK Investment CEO disclosed that she has not sold any of that initial investment. This...

The crypto industry showed a mild recovery in Q3 after taking a significant plunge amid volatile conditions over the first half of 2022.  According to the latest quarterly report published by cryptocurrency aggregator CoinGecko, the overall crypto market cap increased by 6.5%, about $100 billion, in Q3 compared to Q2. Bitcoin Outperformed Other Assets  Despite having a choppy Q3, BTC outperformed every asset class except the U.S. dollar Index, which measures the exchange rate...

Bitcoin continues to trade without any substantial moves in either direction on low trading volumes, similar to previous weekends. Most alternative coins sit quietly as well, with ETC and APT being among the few exceptions, posting notable gains. Bitcoin Stalls at $19K The past seven days were significantly less volatile than the previous week, in which BTC went from $19,000 to $18,200 and up to $20,000 in a matter of 24 hours after the latest US CPI numbers came out....

A recent survey conducted by the University of Central America (UCA) estimated that 77% of the polled Salvadorans think adopting bitcoin as a legal tender 13 months ago was a mistake. However, nearly 76% of the locals remain supportive of their BTC-loving President Nayib Bukele, who has initiated numerous reforms and waged war on domestic drug cartels. Salvadorans not Withdrawing Their Support The small Latin American nation – El Salvador – made the headlines last year by...

Bitcoin’s fight to remain above $19,000 didn’t go all that well yesterday, as the asset fell to a 9-day low of $18,600 before bouncing off. The altcoins also went through similar price movements, but most are slightly in the green on a daily scale, including APE’s notable surge. Bitcoin’s New Local Low Ever since the end of the previous working week, bitcoin had calmed after the storm and stood at around $19,000. It spent most of the weekend there, and Monday was no...