Tag Archives: btcusdt

Over the past three days, Bitcoin was trading sideways between $9000 from above and $8650 from below.After getting rejected yesterday at the $9K resistance, along with the descending yellow trend-line as marked on the following 4-hour chart, BTC had dropped down to Sunday’s low around the $8650 support line (as mentioned on our yesterday’s price analysis).However, the support line held firmly, and during the past hours’ Bitcoin started a mini bull-run climbing up and surpassing the $8800.From...

Popular cryptocurrency analyst believes that Bitcoin’s price is heading towards $7,200 based on an inverse Head and Shoulders pattern. Interestingly, if BTC is indeed trading within the inverse H&S, the breakout could hand Bitcoin a target of $16,000.BTC: $7,200 Followed By $16,000?The inverse head and shoulders technical pattern is identified when the price of an asset firstly drops to a certain level, rises back up, dives lower than the previous bottom, increases again, and finally...

Bitwage has announced the launch of what’s reportedly the world’s first Bitcoin 401(k) plan, enabling companies to give employees the ability to invest their pre and post-tax dollars in Bitcoin.Announced by Bitwage CEO, Jonathan Chester, the launch comes after the company tested the system for ten months on its own employees.World’s First Bitcoin 401(k)According to the report, companies can now offer employees “the ability to invest traditional/pre-tax and Roth/post-tax 401k dollars into...

The inevitable onslaught of central bank digital currencies (CBDCs) won’t harm Bitcoin’s value proposition – in fact, it will give it a serious shot in the arm.That’s the key takeaway from Grayscale Investments’ May report on how the rollout of CBDC’s will affect the status of Bitcoin.CBDCs are digital currencies centrally issued and controlled by central banks. In this respect, they are the very antithesis of Bitcoin and stand opposed to the ideals of cryptocurrency as a whole.However,...

Legacy markets have almost entirely recovered from their sharp downturn in the middle of March. It appears that the adverse effects of the novel coronavirus COVID-19 are well behind. Despite the doom-and-gloom predictions of many economists, major indices are going up steadily.The S&P 500 Down Just 10% From Its February LevelsThe S&P 500 is currently trading at above 3,000 basis points, charting an increase of about 2% on the day. More interestingly, it’s down only about 11% from its...

An unknown person has tampered with some of the Bitcoin addresses that Craig Wright has previously claimed to own in his ongoing legal case against the Kleiman estate.The person has used the private keys for the addresses to sign a message in which he called Wright a liar and a fraud.CSW Is A Liar And A FraudThe message in the 145 wallet addresses, containing bitcoins mined during the asset’s early years, was initially brought up earlier today by a cryptocurrency proponent and it reads:“Craig...

The Switzerland government has rejected the 100 million Swiss Francs ($102.7 million) funding request made by the country’s famous Crypto Valley, according to a local media report.Located in the heart of Zug, Crypto Valley is a fintech friendly region with favorable regulations for cryptocurrency and blockchain startups, making it a much-celebrated blockchain hub. Despite the open arms towards blockchain technology, the recent COVID-19 pandemic has forced many private equity investors to...

Over the past two days, Bitcoin was trading between the range of $9200 – $9300. As we mentioned here on our previous BTC price analysis, that area had transformed from being stronger support to being even stronger resistance.We mentioned the fact that a failure in breaking above the mentioned area will result in a further drop-down. As we noticed over yesterday, Bitcoin failed, broke down the critical blue ascending trend-line, as can be seen on the following daily chart. The primary crypto...

Users of the two leading cryptocurrency hardware wallets could be at risk after a hacker offered to sell personal details of thousands of the companies’ customers.Hacker Offers HD Wallet Users’ DetailsAs per multiple screenshots posted to Twitter, the hacker offered to sell personal details of customers from a wide range of financial services platforms. This includes Trezor and Ledger, KeepKey, Bank to the Future, and LoanBase.Source: @underthebreach, TwitterThe image below shows the hacker...

The gap between Bitcoin’s hashrate and its mining difficulty has led to a miners capitulation –  which could result in a major Bitcoin price dump.As pointed out by trader and popular YouTuber TheMoon, large discrepancies between hashrate and mining difficulty have typically resulted in a sudden departure of Bitcoin miners in the past. This, in turn, has historically been followed by a significant BTC price drop.Seen below is a chart analysis that points out the crossover between the moving...