Tag Archives: btcusd

Hayes believes that it may take the market another six to 12 months to fully respond to the bull run. BitMEX co-founder and former CEO Arthur Hayes has shared an eye-opener about Bitcoin (BTC) that may have flown over the heads of many industry participants. According to him, BTC has been on a bull run for about six months or so. However, the market is yet to react, he added. Arthur Hayes Says Market Will Soon Respond to BTC Bull Run Sharing his thoughts in a keynote speech at the Korea...

Jay Clayton – former Chairman of the US Securities and Exchange Commission (SEC) – thinks the regulator will sooner or later approve the launch of a spot Bitcoin exchange-traded fund (ETF). The agency recently decided to delay the applications of BlackRock and numerous other finance giants who displayed ambitions to introduce such a product. Clayton believes that “we could see progress in the following 45 days” (the period after which the watchdog is expected to announce its...

Ron DeSantis – Florida’s Governor and one of the US Presidential candidates – unveiled a “Declaration of Economic Independence,” where he outlined some of the biggest financial challenges that America currently faces. His pronouncement focuses on improving Americans’ financial well-being and reinforcing the States as the most dominant economy. The Governor also pledged to let the cryptocurrency industry thrive and not allow the launch of a central bank digital currency...

The leading cryptocurrency miner – Argo Blockchain – has reportedly decreased its debt to $75 million during the first half of the year. In comparison, it owed $143 million at the end of June 2022.  The company also managed to reduce overall costs and expenses. However, revenue in H1 was significantly less than the one registered in the first half of last year.  The H1 Results As reported by London South East, Argo Blockchain’s pretax loss for the first six months of 2023...

KuCoin’s most recent report focused on the crypto trends in Turkey estimated that 52% of the locals aged 18 to 60 have already invested in bitcoin or alternative coins. The figure was 40% in November 2021, indicating that Turks have shown great interest in employing digital assets as a hedge against inflation in the past few years. The country has been coping with severe economic issues as of late, seeing its national currency plunging to record levels against the US...

Bitcoin experienced an unanticipated decline from the $29K mark, leading to a substantial breakdown of the pivotal 100-day and 200-day moving averages. Following the bearish trend, how low can BTC go? Technical Analysis By Shayan The Daily Chart After plummeting from the $29K threshold, Bitcoin’s price dropped below the critical 100-day and 200-day moving averages, finding support amid the significant $25K level, where a bounce was initiated. This sudden upward surge was a...

Despite the recent price swings that bitcoin experienced, including pumps and dumps by $2,000 within just a few days, BTC whales seem undeterred, and their total number has jumped to a local peak of 1,611 (according to Glassnode).  In comparison, those large investors were less than 1,570 in May this year when the valuation of the leading digital asset was predominantly hovering around the $26K-$27K level. According to Glassnode’s analysis, the number of BTC whales has surged...

Bitcoin continues to show weakness as the BTC price can move towards $24,000-25,000 as it goes to test the 200-week EMA once again.  On Thursday, August 31, the world’s largest cryptocurrency Bitcoin plummeted by more than 4.5% with its price slipping under $26,000, losing all the early week gains after the Grayscale court ruling. The selling pressure on BTC and its price comes as the US Securities and Exchange Commission (SEC) announced its decision to delay the approval of seven spot...

The American entrepreneur Vivek Ramaswamy, who is one of the US Presidential nominees of the Republican Party, thinks Grayscale’s court victory against the SEC is positive news that could keep Bitcoin and blockchain innovation within the States rather than see it relocate abroad. The 38-year-old businessman has presented himself as a proponent of the primary cryptocurrency and a critic of the possible launch of a central bank digital currency (CBDC) in America.  Praising...

Bitcoin’s rally to nearly $28,000 this week was short-lived. On Thursday, the top crypto asset fell back to $26,300, which was roughly its level before the pump. According to Coinglass, the price dump has triggered $103.58 million in liquidations over the past 24 hours, including $3.12 million liquidation on Bybit.In total, over 34,700 traders were liquidated by the price drop. The collapse comes shortly after a brief rally for Bitcoin on Tuesday, when Grayscale confirmed a...