Tag Archives: btcusdt

Unlike the previous few weekends, this one is turning out to be more positive for bitcoin, which spiked to over $27,000 earlier today. The altcoins also trade in the green today. SOL is among the most notable gainers, with a 5% surge that helped it reclaim $20. BTC Above $27K Last week didn’t go all that well for the primary cryptocurrency, especially after the latest rejection at $27,500 recorded on Tuesday. The bears took complete control of the market in the following few...

Over the past few weeks, Bitcoin’s price has been consolidating within a narrow range after breaking below the 50-day moving average. The market is currently situated between two notable levels, leaving room for several potential scenarios to unfold. Technical Analysis By: Edris The Daily Chart: The price on the daily timeframe has yet to display a notable upward or downward movement. If a rally takes place in the upcoming weeks, the first resistance level to watch is the...

After charting the latest multi-weekly low at under $26,000, bitcoin has performed better and even neared $27,000 earlier today. Most alternative coins have also charted minor gains on a daily scale. Render Token emerges as this week’s best performer from the top 100. BTC to Challenge $27K? Bitcoin tried its hand at taking down the resistance level at $27,500 a few times this past week but to no avail. The latest rejection came on Tuesday, and it turned out to be a rather...

There are exciting weeks in the cryptocurrency market, and then there are weeks like the last one. It felt like the last seven days were a constant chop for Bitcoin, bouncing between $26K and $27K with absolutely no particular direction. The market is trading more or less where it was last week, and it currently sits at $1.17 billion per data from CoinGecko. This comes on the back of minor movements from major coins such as Ethereum, Binance Coin, XRP, Cardano, and others. In...

Bitcoin turned higher this week, recording a modest 2% gain. While the largest crypto asset continues to languish below several key levels, the holders’ accumulation over the past several weeks suggests that it is “increasingly being used as a buy-and-hold asset.'” According to Bitfinex’s latest report, over 68.45% of the total supply, amounting to 13.27 million of the 19.4 million BTC in existence, have not moved in over a year. This growing trend of investors holding...

For the past two weeks, Bitcoin has maintained its range-bound price movement. However, there are several indicators pointing toward an imminent breakout. Technical Analysis By Edris The Daily Chart The price has been consolidating within a narrow range on the daily timeframe for the last 7 days. This consolidation follows the market’s downward rejection at the $30K resistance level and the subsequent breakdown of the 50-day moving average of around $29K. Currently, the...

Today- May 22 – is the 13th anniversary of Bitcoin Pizza Day, a historic event that marked the first time BTC was publicly used as a medium of exchange. On 22 May 2010, Laszlo Hanyecz, a programmer and early Bitcoin adopter, forever etched his name in history by purchasing two Papa John’s pizzas for 10,000 BTC. As the world celebrates the 13th Bitcoin Pizza Day, let’s reflect on the astronomical growth that Bitcoin has achieved, both in value and as a viable payment method...

Although typically regarded as a volatile asset with major price fluctuations, bitcoin has been stuck in a tight range for the past several days. However, all that could change in the following days, at least according to similar historical developments. Aside from a price dive on May 12 to a two-month low, BTC’s recent performance has been rather uneventful. The asset went to a high of $27,600 last week and then dipped by a grand, which was the most substantial price move of...

In a recent interview, the former partner of Sam Bankman-Fried doubled down on his belief that the FTX founder is the crypto spin-off of Bernie Madoff. Nevertheless, Scaramucci added that he is sticking with crypto and bitcoin and provided his company’s intrinsic BTC value at the moment. The former White House Director of Communications for the Trump administration entered the cryptocurrency space shortly after the COVID-19 pandemic broke out and has become a permanent member...

With the US debt ceiling talks leading to no results, economists are wondering whether this situation could turn out to be a massive global financial crash, despite politicians still claiming that there will be a soft landing. Robert Kiyosaki, however, doesn’t believe this assertion and urged investors to turn to gold, silver, and bitcoin to protect themselves. Republicans and Democrats are still unable to decide whether the US should raise the debt ceiling, and questions...