Tag Archives: btcusdt

$4 billion in liquidations wiped out the derivatives market, sending BTC lower by 19% at the intraday lows yesterday. Crypto Twitter went into panic, as exchanges were unresponsive, investors struggled to fill orders, and fears of a bear market began to spread. Days like yesterday make it easy to panic sell without thinking about what was actually happening. Although the charts looked horrible, on-chain data was flashing completely different signals, showing that long-term...

Union Investment – the investment arm of the DZ bank group – takes another small step towards offering crypto investment services to private investors. They will make Bitcoin a small percentage of some of their funds.  Union Invest’s Experimentation With Crypto As reported to Bloomberg news, portfolio manager David Barthe said that the company was considering adding Bitcoin to their funds in small amounts, comprising 1-2% of their portfolios. This will be starting at an...

As the global adoption of cryptocurrencies continues to soar, a new bill has been submitted in the Republic of Panama to recognize Bitcoin (BTC) and other digital currencies as alternative payment methods. Panama Proposes Crypto Bill Panamanian pro-crypto congressman Gabriel Silva noted on Twitter that the new bill would enable the freedom to use cryptocurrencies in the Central American country. The bill, according to Silva, was prepared by different parties, including...

In a completely unexpected turn of events, Bitcoin’s price crashed to below $43,000 in a matter of minutes. This happens on the day El Salvador officially recognizes it as legal tender in what many called the “Bitcoin Day.” In a matter of hours, Bitcoin’s price crashed from above $52,000 to below $43,000 in a violent red candle and a massive sell-off. Chart by TradingViewIn two consecutive candles, bitcoin’s price lost about $7,000 of its value. Since then, it has somewhat...

As of today, Bitcoin acceptance becomes a legal business requirement in El Salvador. In response, the country’s largest newspaper has included a Bitcoin price tracker on its homepage. The Price Tracker In full display on the newspaper’s homepage, a live Bitcoin price tracker is visible on the upper right-hand side of the screen. It measures Bitcoin’s worth in USDT (Tether), a stable coin pegged to the US dollar. This price tracker will be a convenient tool for citizens now...

President Nayib Bukele announced the milestone on Twitter, telling followers his country “just bought its first 200 coins.” Bukele noted the Central American nation will be buying more bitcoin as the deadline approaches to make El Salvador the first nation to officially recognize a cryptocurrency as legal tender. The president tweeted early Monday afternoon: El Salvador has just bought it’s first 200 coins. Our brokers will be buying a lot more as the deadline...

Vietnam has recently started recording high demand for crypto mining equipment as more people join the sector to mine cryptocurrencies like bitcoin, ether, and others. Interestingly, the mining rig market in Vietnam saw a significant decline a few months ago after bitcoin lost more than 50% of its value and traded below $30,000 due to several FUDs from China. However, with bitcoin now trading above $50,000, more people are looking to engage in mining activities and are...

After 2 weeks of consolidation, Bitcoin managed to make a weekly close above the critical $50k level, marking another step forward in bull market continuation validation. This is now the fourth consecutive weekly close above the 21-week, 40-week, and 200-day moving average, 3 major levels that have been successfully reclaimed in order to re-enter bull market continuation validation. It is important for BTC to start establishing $50k as support this week, as the bulls start...

The Belgian digital parking start-up – Seety – allowed customers of the application to pay for parking sessions in Antwerp and Brussels with Bitcoin (BTC). Apart from the primary cryptocurrency, the option includes six other digital assets such as Ethereum (ETH) and Dogecoin (DOGE). Separately, the e-commerce giant ShopCom has allowed its customers to make purchases with various cryptocurrencies as well. Park Your Car – Pay in Crypto According to a report by the local media...

The battle for $50k continues as the bitcoin price is trading above and below the key level. On Friday, September 3rd, 2021, Bitcoin successfully made the first daily close above the $50k mark since May, a sign of strength for the bulls. Trading volume came in 36% above average on Coinbase, indicative of strong spot buying. In addition, BTC short liquidations came in below average, indicating the recent price rally was spot-driven rather than short covering. Chart by...