Tag Archives: btcusd

The US Securities and Exchange Commission has reportedly issued a warning that the recent Bitcoin Spot ETF filings by financial giants, such as Fidelity and BlackRock, could lack comprehensive details. The agency has a long history of rejecting such products in the States, and its current war on crypto is likely not helping. BlackRock made the headlines a few weeks ago when it filed to launch a Bitcoin Spot ETF in the States, which, if approved, would be the first such...

The North Carolina House of Representatives has passed a bill that includes provisions to investigate the acquisition and potential benefits of Bitcoin and other cryptocurrencies. House Bill 721, titled “State Precious Metals Depository Study,” aims to examine the potential impact of a state securely holding, insuring, and liquidating virtual currency, with special emphasis on Bitcoin. The legislation received 73 votes in favor, 40 against, while seven participants were...

Bitcoin surging past the $31,000 psychological level was crucial in many ways. For one, the world’s premier cryptocurrency hit a one-year high amidst the incessant bear market. But the gains may not stop here. Historically, July has been a month for strong rallies, according to the digital asset platform Matrixport. In its latest analysis, Bitcoin bulls are gearing up for the “seasonal surge” as prices tend to rally in July. Throughout the last decade, Matrixport observed...

Bitcoin is facing challenges in surpassing the significant resistance at $30K, which has been holding the price for a prolonged period. If successful, this breakthrough would result in a bullish bias for the cryptocurrency in the medium term. By Shayan Bitcoin recently found support at both the static support level of $25K and the lower trendline of the channel. Consequently, the substantial buying pressure in this support region led to a significant surge, with the aim of...

Jarryd Hayne – a former NRL superstar – has supposedly parted with $780,000 after falling prey in a Bitcoin scam. The athlete, who was slammed with a prison sentence for allegedly raping a woman, was tricked by a fellow inmate. The scammer is currently in jail after being accused of swindling $4.6 million from family and friends in a Ponzi scheme. Conned Even Behind Bars As reported by Daily Mail, the person in charge of the Bitcoin fraud was Ishan Seenar Sappideen, who met...

Hong Kong and Shanghai Banking Corporation (HSBC) – the largest bank in the region – has reportedly allowed customers to buy and sell Bitcoin and Ethereum ETFs, becoming the first local financial institution to do so. It also launched an educational program that investors need to read before hopping on the cryptocurrency bandwagon. As revealed by Wu Blockchain, HSBC will enable users to trade BTC and ETH exchange-traded funds (ETFs) listed on the Hong Kong Exchange. SCOOP:...

The cryptocurrency market has managed to maintain positive momentum going into the weekend, with the majority of coins holding their gains through the diminished volatility and trading volume. Bitcoin Price Fighting for $31K Bitcoin’s price pushed above $31K on Friday but was unable to maintain above that level. It subsequently retraced, but it appears that bulls are now preparing for another attempt. The price is up slightly over the past 24 hours and is trading slightly...

Robert F. Kennedy Jr, who recently announced he will run for President of the US as part of the Democratic Party, vowed to implement Bitcoin-friendly policies if elected.  The Republicans also have a crypto-loving candidate and his name is Francis Suarez. The 45-year-old, who currently serves as mayor of Miami, involved the city in numerous Bitcoin initiatives and became the first American politician to receive his salary in BTC instead of fiat currency. BTC Could Thrive...

The BITX being a 2x leveraged ETF can help investors to increase their profit two times faster than they would do without the leverage. The first leveraged Bitcoin futures exchange-traded fund (ETF) has received approval from the US Securities and Exchange Commission (SEC). The ETF, the Volatility Shares 2x Bitcoin Strategy (BITX), will be launched on the Chicago Board Options Exchange (CBOE) BZX Exchange on Tuesday, June 27th. ETFs can be traded on exchanges like stocks, and their...

After an extended period of consolidation, Bitcoin’s price has successfully surpassed the critical $30K resistance level. However, it is important to exercise caution within the market, particularly in the short term. Technical Analysis By: Edris The Daily Chart On the daily timeframe, Bitcoin’s price has experienced a rapid upward movement in the past week, following a strong bounce from the $25K support level. The resistance at $30K has been exceeded, and the price is...