Tag Archives: btcusd

With bitcoin’s continued increase in price and popularity, the asset’s mass adoption has skyrocketed in recent months. Apart from notable names purchasing BTC as a store of value, numerous large and small companies introduced bitcoin payments for their products as an alternative to fiat money. Tesla Leads the Way Bitcoin has had a wildly compelling year as institutional investors, banks, and fund managers continue to back up the cryptocurrency in any shape or form. But way...

The Louisiana House of Representatives has passed a resolution this week commending Bitcoin for becoming “the first decentralized trillion-dollar asset,” encouraging the state and the local government to consider crypto assets and blockchain technology. The House Resolution No. 33, signed by representative Mark Wright, praises BTC’s success through the years and its pseudonymous creator, Satoshi Nakamoto, for his “contribution to economic security.” “BE IT FURTHER RESOLVED...

The bears continue to rule over the crypto markets. Most alternative coins have lost substantial chunks of value in the past 24 hours, with ETH below $2,200 and BNB beneath $500. Bitcoin’s brief spike above $50,000 was also unsuccessful, and the asset trades south of that coveted level. Red Dominates the Altcoins Aside from several brief recovery attempts, the altcoin market has suffered in the past few days. Ethereum went on to register a new all-time on Thursday at $2,650...

Bitcoin’s price has been declining in the past few days, being almost 20% down during the last week. This saw many people worried if the 2021 bull run is over. One indicator suggests that if history is to repeat itself, the price should continue its upward trajectory following the most recent crash. Bitcoin saw a serious decline over the past few days as the price lost upwards of $12,000 over the previous week. This has also seriously shifted the overall sentiment, as...

Bitcoin’s latest massive price crash in which the asset lost $16,000 in roughly a week could be nothing more than a stepping stone towards new highs, suggested the creator of the popular S2F model. He outlined that BTC could be in the middle of its run, which could take it to the stock-to-flow’s targets of up to $288,000. ‘Nothing Goes Up In a Straight Line’ Looking on a more macro scale, it’s safe to conclude that bitcoin has been in a state of a bull run since early...

Despite losing $6,000 in hours and $17,000 in several days, on-chain data suggests that the demand for bitcoin is still solid. The number of coins stored on exchanges and miners refusing to sell indicates that the cryptocurrency could resume its bull run shortly.  The Good News Following the Crash  It was roughly ten days ago when bitcoin was riding high and painted a new all-time at $65,000. This came amid the long-anticipated Coinbase public listing on Nasdaq. Ever since...

Americans’ interest in the cryptocurrency industry has grown significantly in the past year, found a survey by the Winklevoss-run crypto exchange, Gemini. Interestingly, BTC has remained the most popular digital asset, but the results show that US citizens have larger on-average positions in ether, BCH, and LTC. US Appetite for Crypto Rises The past twelve months were somewhat transformative for the crypto ecosystem, with the COVID-19 pandemic serving as the catalyst. This...

Following another steep decline to $47,500, bitcoin has recovered some ground and currently trades around the coveted $50,000 price line. Most alternative coins have also bounced off since yesterday’s massacre, with ETH nearing $2,300 and BNB well above $500. Will Bitcoin Decisively Reclaim $50K? The past week didn’t go according to the BTC bulls’ plan. On Sunday, the primary cryptocurrency plummeted to $51,500. A few days of recovery attempts were halted yesterday as the...

The past seven days were marked by considerable declines throughout the entire cryptocurrency market. Almost everything is in the red, with the total capitalization sliding beneath $2 trillion. There’s no other way of putting this – the past week was bad for bitcoin’s price. It was almost all downhill. The cryptocurrency was trading in the range between $61 and $63K last Friday, but things went south quickly as the weekend started. Sunday marked the first big drop where the...

It was a red week all over the cryptocurrency market. Almost everything, with a few exceptions, declined substantially as the total market cap slipped below $2 trillion. Bitcoin Bitcoin saw a turbulent week in which the price dropped by a steep 20% to break beneath $50,000 and reach as low as $47,500 today. The cryptocurrency fell beneath $60,000 at the start of the week as it saw a large spike lower in which it dropped to the $51,440 support (.618 Fib). It managed to...