Tag Archives: btcusd

The President of El Salvador – Nayib Bukele – disclosed that the country’s tourism sector has increased by 95% since it embraced bitcoin as an official means of payment. He criticized some central banking institutions, including the Federal Reserve, claiming their policies have washed out a big chunk of people’s savings. As such, Bukele expects a lot of individuals from the West to focus on decentralized financial instruments. ‘We Get Some Rebranding’ El Salvador’s political...

Bitcoin tried to recover some of its recently lost value in the past 24 hours but was stopped in its tracks and is back down to $22,300. The altcoins are quite stagnant on a daily scale, with EOS losing all of its yesterday’s gains. Bitcoin Maintains $22K The low trading volumes of last weekend helped bitcoin remain around $23,000 for most of it. The start of the working week saw the asset pushing toward $24,000. In fact, BTC managed to tap that level once on Wednesday, but...

The Colorado-based bitcoin miner – Riot Blockchain – reported a total revenue of nearly $260 million for 2022, a 22% increase compared to 2021. It mined 5,554 BTC and boosted its hash rate capacity to an all-time high of 9.7 EH/s. The positive results come in spite of the devastating bear market that reigned during the bigger part of the year, and Riot’s shrunk production levels in the summer due to a heat wave.  Against All Odds Riot produced 46% more bitcoin in 2022 than in...

Bitcoin’s massive crash on Friday drove it south to just under $22,000 to mark its lowest price tag since February 14. The altcoins experienced similar enhanced volatility, but most have calmed since then. Ripple’s XRP and EOS are among the few alts with notable gains. Bitcoin Slipped Below $22K Despite the rising volatility at the end of February, bitcoin managed to close the month with a slight increase and stood at around $23,000. The first few days of March saw a price...

This week was a complete rollercoaster in terms of price action as the majority of cryptocurrencies found themselves stuck in a chopping range before the ultimate leg down. Bitcoin was trading at around $23,300 this time last week, and a couple of days later, it attempted the first push toward $24K. it was unsuccessful, and at around the end of the week, BTC found itself below $23K. However, this dip was immediately bought up, and the price tapped $24K on Wednesday. The bulls...

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Following an ultimately flat February, eager investors are curious: what’s in store for Bitcoin’s price this March? Here’s a look at how Bitcoin has performed each March over the last 12 years. On average, the asset’s price has risen by 10% each time.  Bitcoin, March, and the Halving In its earliest days, March wasn’t a particularly bullish month for BTC. The cryptocurrency fell by 8.2% to just $0.79 in 2011, and went on to move 0% in March of the following year.  Things...

Bitcoin’s price has been consolidating below a significant resistance level in recent weeks after continually failing to break it to the upside. While there is still a high probability for the price to break above this crucial point, multiple support levels are also available if a pullback were to occur. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has been rejected from the key $25K resistance level multiple times recently. Currently, the 50-day...

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After falling by roughly $1,000 and marking a multi-week low beneath $23,000, bitcoin has calmed and sits at just over that line amid low trading volumes. The altcoins are also quiet today, given the trading volumes, aside from the likes of Stacks and Lido Dao, both of which are up by impressive percentages. Bitcoin Flat at $23K Bitcoin tried its hand at taking down $25,000 three times in the past 10 days or so, with the most notable surge coming in the middle of last week as...