Tag Archives: btcusdt

Bitcoin initiated a leg up in the past 24 hours that brought it just inches away from the coveted $30,000 line. However, the asset is yet to breach it. The altcoins are also on the rise, with ETH nearing $2,000, while SOL and UNI are up by 4% daily. However, the day belongs to PEPE and Floki Inu. Bitcoin Stopped Ahead of $30K The working week, which was also the beginning of the new month, started on a bad note for bitcoin, which slipped by roughly two grand in hours to a...

The Casablanca Court of Appeals ruled that the 21-year-old Frenchman – Thomas Clausi – will serve an 18-month prison sentence for orchestrating a crypto scheme. The defendant must compensate the victims of his scam and pay a fine of 3.4 million euros ($3.7 million) to customs authorities.  Crypto fraudsters have been quite inventive recently, draining significant sums from investors. Fortunately, law enforcement agencies have arrested and sent to jail some of them.  For...

The broader cryptocurrency market failed to chart any notable changes in the past seven days, with the total capitalization remaining more or less what it was back then. This comes on the back of slight volatility in between, but nothing that could have been sustained. That said, there’s an obvious exception in the face of the freshly-minted and now-trending PEPE coin. Let’s dive in. Bitcoin is trading more or less where it was exactly seven days ago – at $29K. The...

Santiment – a crypto markets intelligence platform – has a bullish outlook on Bitcoin after the Federal Reserve increased its benchmark interest rate by another 25 basis points on Wednesday.  In a follow-up blog post, the firm claimed that the top crypto is showing “some promising rise potential” – particularly as its correlation to equities continues to weaken.  What’s Next for Bitcoin? In its latest insight report, the company said that the market’s initial reaction to the...

According to data from the crypto financial service platform Matrixport, the narrowing wedge that has been in formation for the past three weeks is about to break to the upside. Such a trend could project a move higher by an equal amount to the range at which the triangle started to form. A breakout could lead to a 6,100-point move higher in the price of Bitcoin, which establishes a target of $35,000-$36,000. Such an uptrend would represent nearly 20% gains from the current...

Druk Holding & Investments – the investment arm of the Royal Government of Bhutan – partnered with the Nasdaq-listed company – Bitdeer Technologies Group – to introduce a $500 million fund that should support bitcoin mining activities in the Himalayan country. Recent sources suggested that the nation might have been secretly producing BTC since 2017, using its vast amount of hydropower.  Bhutan’s Mission to Become a BTC Mining Hub The government of the landlocked country...

Bitcoin’s price has been consolidating between the 50-day moving average at $28,310 and the $30K resistance region. However, it seems likely to break out of this decisive range, determining its upcoming rally’s direction. By Shayan The Daily Chart After finding support at the 50-day moving average of roughly $27K, the price started a steady uptrend, aiming to surpass the $30K region for the second time. However, Bitcoin failed to surpass this crucial resistance zone,...

The Kingdom of Bhutan – a landlocked country situated in the Eastern Himalayas – has reportedly used its renewable sources of energy to run a bitcoin mining operation for years. A government representative said the process started when BTC was worth around $5,000. It is worth noting that the primary cryptocurrency reached that level for the first time in October 2017. Another country that has done so is El Salvador. The Latin American nation, which became the first to make...

The past few days of April did not bring any substantial price moves in either direction for bitcoin, which remains north of $29,000. The altcoins are also calm during the weekend as the trading volume has disappeared. On a weekly scale, though, BTC’s dominance has risen by over a percentage. BTC Maintains $29K During Weekend This weekend resembles the previous one in terms of lack of volatility, aside from BTC’s highest price point. Last Monday began with bitcoin jumping to...

Bitcoin has received support at the crucial 50-day moving average, located at $27,000. This has led to a rally that aims to break through the significant resistance level of $30K. Despite the cryptocurrency’s overall bullish outlook, there is potential for rejection from this price range. Technical Analysis By Shayan The Daily Chart Following a short-term correction, Bitcoin found support at the 50-day moving average, presently found at $27,300, resulting in another uptrend....