Tag Archives: btcusdt

The first week of 2022 is starting off rather dramatically for Bitcoin and the rest of the cryptocurrency market, the total capitalization of which is down about $240 billion in seven days. This comes as the US Federal Reserve revealed plans to start reducing its balance sheet, which may start as soon as the next several months. It’s safe to say that the Bitcoin price has seen better days. Down about 12.5% since this time last week, BTC currently trades at around $41,400. For...

While the recent plunge has put the crypto community into a state of panic, one HODLer is taking advantage. The third-largest Bitcoin whale just bought the dip, putting his stack over 121,000 BTC. On January 4th, the whale’s address added another 372 Bitcoin. The sum was purchased for $17,122,242.1 at the time. This was a follow-up to an even larger purchase from a day earlier, when he bought 456 Bitcoin for an average of $46,363 each. Bitcoin’s price plunged below $43k on...

After dropping over $4K in just a day, the bitcoin price now faces a critical support level. Technical Analysis After failing to close a daily candle above $48K on January 4 (Tuesday), and following the global markets plunge, the BTC price dropped to $42.5K on Bitstamp. Over the past hours, bitcoin has been trading in the range of $42-43.5K. The $40-42K zone has been a reliable support level for the recent weeks, and so far, BTC has maintained this range. All in all, the low...

The crypto market is tanking following a negative day on Wall Street, taking Bitcoin’s price to lows it hasn’t seen in 3 months.  Hours ago, the primary cryptocurrency was trading in the upper $46k range. Beginning at around 19:40 UTC, its price collapsed down to $45k. Prices continued to fall over the next two hours, with prices now below $43k at the time of writing. The event hasn’t been kind to bulls. Coinglass data shows $500 million in crypto liquidations having taken...

In a bid to bring in regulatory clarity and a framework for the issuance of Bitcoin Bond and securities in the cryptocurrency, El Salvador’s finance minister, Alejandro Zelaya, has revealed plans to send approximately 20 bills to Congress. The Ambitious Bitcoin City According to reports, the aforestated bills will encompass regulations about securities issuance and ensure legal structure and certainty to anyone to wishes to purchase a Bitcoin bond. The Finance Minister,...

The United States regulatory watchdog – Securities and Exchange Commission (SEC) – has delayed the ruling on NYDIG’s proposal for a spot bitcoin exchange-traded fund by 60 days. The original deadline was January 15th. If allowed, NYDIG’s Bitcoin ETF will be the first-ever spot Bitcoin ETF in the country. According to the official filing, the SEC said that it will decide whether to approve the NYDIG’s proposal by March 16. The agency explained that it needs to designate a...

The prominent TV personality – Kevin O’Leary – believes non-fungible tokens could emerge as a “much bigger, more fluid market” than bitcoin. His prediction comes as a surprise since last summer, the Canadian businessman stated that nothing has the chance to replace the primary cryptocurrency. O’Leary’s Most Recent Forecast Kevin O’Leary, a.k.a Mr. Wonerful, is another prominent figure who has displayed mixed feelings towards the cryptocurrency industry over the years. His...

Bitcoin’s sideways action continues. Since 2022 began, the bitcoin price has been trading inside a tight range of roughly $2K. This is very untypical for Bitcoin and usually ends with a massive move in either direction. Option Market Analysis While the bitcoin market is showing weakness, the BTC options market has seen a sharp open interest decline after 2021‘s most significant options expiry. The historical volatility level of bitcoin dropped sharply and is currently at...

Antoni Trenchev – Co-Founder of the cryptocurrency lending platform Nexo – predicted that bitcoin will hit a price of $100K by mid-2022. In his view, the leading digital asset is an inflation hedge equal to gold. BTC Trading at $100K in a Few Months Despite increasing its USD value by over 60% in the last 12 months, bitcoin finished 2021 on a downtrend as many experts expected the asset to top the $100,000 milestone. In a recent interview for CNBC, Antoni Trenchev –...

The year started on a rather bland note, far below the bold predictions made by several notable Bitcoin proponents in terms of BTC’s price. While 2021 was quite impressive, the cryptocurrency market entered a familiar territory of extreme fear as it began the first week of 2022. In contrast, though, Bitcoin’s hash rate has registered a new all-time high, indicating that the network’s robustness has never been more secure. Bitcoin Hash Rate Taps a New Peak According to the...