Tag Archives: btcusdt

Esther Freeman – a 70-year-old Israeli resident who turned a $3,000 BTC investment into over $320,000 in 2021 – has terminated the legal battle with Bank Hapoalim. The latter was unwilling to accept her crypto profits, casting doubts on the source of the funds she used to hop on the Bitcoin bandwagon. Her investment is currently worth approximately $160,000 due to the price decrease of the leading digital asset over the following years. Dismissal of the Case Less Than Two...

According to data from Switzerland-based investment adviser 21e6 Capital AG, around 13% of crypto hedge funds have shut down so far this year. The reasons for the closures were weak performance and difficulties in accessing banking services. Furthermore, crypto funds generated, on average, around 15% returns in the first half of 2023. They have been underperforming Bitcoin, which gained 77% over the same period. Crypto hedge funds suffer from lagging performance to Bitcoin...

The payment technology firm Block (formerly known as Square) revealed that its bitcoin revenue for the second quarter was approximately 34% more than the figure reported in Q2, 2022.  The company, spearheaded by Twitter’s former CEO Jack Dorsey, is a main player on the crypto scene, owning over 8,000 BTC.  Q2’s Solid Numbers Block revealed that its mobile application that enables monetary transfers – Cash App – generated a bitcoin revenue of $2.39 billion in Q2, 2023. The sum...

Bitcoin miners have had a rocky start in 2023 after being battered by a severe market downturn the previous year. But as prices recovered over the last several months, they have been at significant capacity, according to Bernstein. The brokerage firm’s latest report weighs in on how large miners are poised to reap substantial benefits from such a growing trend. Where do Miners Stand Ahead of Bitcoin Halving? The report suggests that the 16 largest publicly listed mining firms...

Bitcoin price has cautiously ratcheted upward since Jan. A rising trend channel from $16,600 to $30,000 almost doubled the spot price of BTC in H1. The price changed in three phases, with blistering rallies that happened in January, March, and June. Here’s what large language model chatbot Google Bard has to say about the best day of the week to buy cryptocurrencies like Bitcoin, Ethereum, and Ripple. Cheapest Day of the Week to Buy Crypto? There’s no telling for sure if...

It’s the weekend, and, let’s be honest – nobody is expecting a lot of action. And while there are some weekends that defy this sentiment… this one is not among them. In fact, the vast majority of the major cryptocurrencies have failed to move, charting incredibly insignificant differences in their price compared to 24 hours ago. Let’s take a look. Bitcoin Getting Squeezed at $29K Bitcoin’s price has been tremendously calm throughout the past week, and it’s been trading around...

The approaching presidential vote in the United States in 2024 promises to be intriguing and contested as more and more well-known candidates announce their participation in the election. Both the Democratic and the Republican parties have amassed serious figures who put the economic welfare of Americans, the improvement of the domestic health sector, the US immigration policies, and other aspects at the center of their campaigns. Some of the candidates have also touched upon...

Another day – another failure for Bitcoin to break away from its current range around $29,000. The primary cryptocurrency’s volatility has fallen to historic lows and the rest of the market doesn’t seem too exciting either. But there’s one barking exception. Bitcoin Stagnates at $29K They say there’s never a dull moment in crypto, but if you’re mostly following the performance of large-cap coins throughout the past week, you can probably see that this can be a bit of an...

To say that the price action within the cryptocurrency market this week was underwhelming would be the understatement of the year. Most of the top altcoins are charting losses as Bitcoin’s price remains completely flat for the past seven days. In fact, Bitcoin’s volatility has been so insignificant that on a 10-day average, it’s about to become less than that of stocks and even gold. That’s right – the “highly volatile” Bitcoin that’s unpredictable and “risky” has seen less...

In mid-July, Bitcoin attempted multiple times to break the significant resistance at $30K but ultimately failed and declined toward the 100-day moving average. Nevertheless, the price is currently trading within a critical range, and a breakout could trigger a substantial price movement. By Shayan The Daily Chart On the daily chart, the 100-day moving average is acting as a support level, preventing further declines. However, it has been unable to push the price back above...