Tag Archives: btcusd

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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...

Bitcoin’s price has been struggling to break above a significant resistance level and is currently experiencing a pullback, following the recent red days on Wall Street. Is it just a short-term correction or a beginning of a new bearish leg? Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price dropped shortly after getting rejected from the critical $25K level. The 50-day moving average around the $22K level would be the first likely support level,...

Matthew Klinger – a 51-year-old Jefferson City, Missouri resident – received five years of supervised probation after admitting to shooting a bitcoin ATM with a handgun. It remains unclear whether the machine had any faults, however, he said he did it “so that it could not take money from anyone else.” So Close to a Prison Sentence Recent coverage informed that Klinger arrived at Vapor Maven on Missouri Boulevard in August last year and requested to talk to the general...

Bitcoin didn’t react well to the latest PCE data coming from the US and dropped by almost a grand to a ten-day low. The altcoins also sit deep in the red, with the most substantial losses coming from MATIC, DOT, UNI, and others. Bitcoin Fell to $23K The end of last week went a lot better than this one as BTC skyrocketed by double-digits to chart a six-month high above $25,000. It failed to decisively overcome that line at first but kept trying. However, all three attempts saw...

Block (formerly known as Square) – an American multinational technology conglomerate founded by Jack Dorsey – disclosed $1.83 billion of bitcoin revenue generated from its Cash App payment service in Q4, 2022.  The figure was nearly $2 billion in the fourth quarter of 2021, and the company blamed the decline of the crypto market for the downturn. However, Block’s shares climbed nearly 7% after reporting positive overall financial results. BTC Revenue Drops 7% YoY Block’s...

Bitcoin (BTC) sank back to $23,000 on Friday shortly after the Personal Consumption Expenditure (PCE) price index registered a 5.4% annual increase, and a 0.6% monthly increase, in January. The higher-than-expected figure means the Federal Reserve’s war against rising inflation will likely continue.  Bitcoin started at roughly $24,000 on Friday, staying above $23,800 until about 13:30 UST – when January’s PCE figure was released.  The asset tumbled after that, falling as low...