Tag Archives: btcusd

Bitcoin’s bearish period still seems far from over as the price has been trapped in a consolidation region between $18K and $25K for the past four months. However, BTC is closer to breaking down the lower boundary, as it seems recently. Technical Analysis By Shayan The Daily Chart The 100-day moving average line, currently at $21.2K, has been acting as significant resistance to the price. In comparison, the $18K substantial support level remains the most critical price point...

Prominent business intelligence and software company MicroStrategy is looking to hire a software engineer to develop a Lightning Network-based SaaS platform. This comes shortly after the firm’s former CEO – Michael Saylor – stepped down. According to its job listing, the company has advertised for a position that seeks an experienced software developer for a new platform that will be developed to offer enterprises “innovative solutions to cyber-security challenges and...

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Bitcoin’s price has yet to break out of the consolidation phase, as the price has been trapped in an extensive range between $24K and $18K over the past few months. Currently, the market is testing the significant support level at $18K as the asset aims for a rebound to the upside. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is still consolidating between the significant bearish trendline and the $18K support. The $18K level is currently...

As the British pound rapidly weakens against the U.S. dollar, trading volume for the BTC/GBP pair has been skyrocketing.  Data from Bitfinex and Bitstamp shows that volume was more than 1,100% above its average on Monday.  Brits Turning to Bitcoin? As shared by CoinShares Head of Research James Butterfill, BTC/GBP volume on September 26th soared to over $881 million. By contrast, the average daily volume is only about $70 million over roughly two years. This comes after the...

A new study published Tuesday by the Cambridge Center for Alternative Finance (CCAF) shows that almost 62% of Bitcoin’s total energy consumption since January 2022 was generated from fossil fuels. This means renewable sources only amounted to 38% of the total energy consumed by BTC miners this year.  As a Proof-of-Work (PoW) blockchain, processing and validating BTC transactions (mining) requires high computational power and solving mathematical puzzles with powerful...

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Despite a selloff in stocks late last week, Bitcoin appears to be holding its ground. The top cryptocurrency by market cap was trading at roughly $19,000 on Monday, as the S&P 500 was down 1% on the day. In fact, digital assets appear to be rivaling the dollar as the best-performing asset in Q3.  Bitcoin’s outperformance is also apparent on a 5-day basis. While the coin is up almost 3% in that time, the S&P and NASDAQ were both down roughly 5% over the same period....