Tag Archives: btcusdt

Deutsche Borse – a German stock market operator – recently announced the listing of a Bitcoin Spot ETN on its digital stock exchange “Xetra.” The product comes from Invesco, an American investment management company that filed for a Bitcoin futures ETF in the US in August but recently dropped. Invesco’s Spot ETN Deutsche Borse revealed the new product in a press release on Monday. Accordingly, the “Invesco Physical Bitcoin” ETN (ticker: BTIC) offers “physically secured access...

After a wild week of volatile price swings, BTC managed to hold the key support at $57.1K, closing the weekly candle at $57.3K. Bulls pushed the price higher, heading into the weekly close, and manage to liquidate a lot of short positions. For the near term, it’s still too early to confirm a bottom as we have to see how stocks trade this week. Chart by TradingViewThe Technicals Long-term technicals remain bullish as BTC continues to make higher highs and higher lows. For the...

The Bank of England is not a fan of bitcoin nor its growing adoption in countries like El Salvador. The Governor – Andrew Bailey – has repeatedly expressed his “concerns,” but this time, El Salvador’s President Nayib Bukele issued a response. BOE “Concerned” About El Salvador and Bitcoin Ever since the small Central American nation outlined plans to adopt bitcoin as legal tender in June 2021, numerous global financial organizations have tried to warn the country not to do it....

The Turkish lira – Turkey’s national currency – has been in a state of freefall for the last three months and has lost around 35% of its value against the US dollar. This has been the result of the President’s somewhat controversial policies and decisions, the latest of which led to a 15% daily drop against USD. In September, President Recep Erdogan also declared war on bitcoin, aiming to pave the way for implementing the digital lira. Since then, Turkey has suffered...

The landscape in the cryptocurrency market continues to look dim, with bitcoin falling to overcome $55,000. The altcoins also struggle as Ethereum is close to breaking below $4,000, while Polkadot dumped by another 6% in a day. Bitcoin Suffers Below $55K It’s safe to say that bitcoin has seen better days, which weren’t all that long ago. The cryptocurrency challenged the coveted $60,000 mark on Friday before a sudden price dump, perhaps prompted by fears of a new COVID-19...

The prominent TV personality  – Kevin O’Leary – said he would not invest in cryptocurrencies before consulting with regulators first. To him, the space lacks clarity, and watchdogs are the ones to say “what is possible and what isn’t.” The celebrity investor added he is keen on the following blockchain projects: Solana (SOL), Polygon (MATIC), and Hedera (HBAR), hinting they could “win long term.” Not Like a ‘Crypto Cowboy’ Kevin O’Leary – also known as Mr. Wonderful as one of...

Just as Bitcoin started showing early positive developments of recovery, fear of a new variant of COVID-19 sent global stocks sharply lower, causing the crypto market to decline. Although the near-term price action looks bearish, the overall trend in fundamental and on-chain continues to remain strong, suggesting the bull market is likely to continue. Bitcoin has tested a critical uptrend support line around $54K, entering a very crucial technical zone of support. Chart by...

The last day was particularly tumultuous throughout the entire cryptocurrency market and bears clearly had the upper hand. While an argument can be made that this is a correction that (so far) failed to damage the long-term market structure, it’s a fact that BTC’s price saw its worst day of trading since September 7th. Bitcoin Price Tumbled Below $54K Yesterday, bears took full control over the market, and this resulted in the worst daily candle Bitcoin’s had since September...

Today was an ugly day for the cryptocurrency world. In fact, it was a bad day for the financial markets in general. The U.S. stock indexes fell 2% on average, the FTSE lost 3.64%, the DAX was down 4.15%, oil futures tumbled more than 10%, and cryptocurrencies lost more than $200 billion in capitalization. All because of fears of a new strain of COVID-19 that had speculators and analysts brainstorming scenarios of a possible new lockdown. Recently, scientists discovered the...

Nayib Bukele – President of El Salvador – recently announced that his country has purchased another 100 Bitcoin. That’s about $5.4 million worth of the primary cryptocurrency, at today’s prices. El Salvador Continues to HODL As always, the “CEO” of El Salvador (as reads his bio) casually announced the purchase in a tweet on Friday. Despite Bitcoin’s bearish slump this week, the president has not second-guessed his investment. Instead, he took it as a chance to stack sats. “El...