Tag Archives: btcusdt

Bitcoin’s price has experienced a significant surge in recent months, surpassing several resistance levels. However, the current trend seems to be losing momentum, with the cryptocurrency experiencing difficulty in claiming the crucial resistance zone of $30K. Technical Analysis By Shayan The Daily Chart The price has broken out of its narrow consolidation range near $28K and is now aggressively attempting to breach the crucial resistance level at $30K. This level holds both...

Prominent derivatives marketplace Chicago Mercantile Exchange (CME) Group has announced adding daily expirations for Bitcoin (BTC) and Ether (ETH) futures options contracts. Pending regulatory review, the two new additions will have expirations Mondays through Fridays. Bitcoin and Ether Daily Expiries According to the official press release, CME Group will offer new expiries for options on Bitcoin and Ether futures, with expirations available every day of the business week...

The US government has been very critical of the crypto space, especially over the past few months. Its upcoming actions could trigger potential sell pressure in the near future, even as investors currently do not exhibit any bearish behavior. Prominent analytic firm, CryptoQuant, has identified four important dates – 26 May 2023, 7 August 2023, 19 October 2023, and 30 December 2023 – as there may be extra selling pressure from the United States government’s Bitcoin holdings...

The US-based cryptocurrency miner – CleanSpark – purchased 45,000 units of the Antminer S19 XP BTC mining machines for $144.9 million.  The current computing power of CleanSpark is 6.7 EH/s, while the installation of the new equipment is expected to push it to 13 EH/s.  Preparing for the Halving According to the deal, the manufacturer will distribute 25,000 units in August, while the remaining 20,000 should arrive in September. CleanSpark plans to deploy all of them at its...

With the lower trading volumes during the weekend, bitcoin has stalled around $30,000 but still remains above that level. Most altcoins are also sitting quietly, with ETH standing at $2,100. INJ, however, has skyrocketed on a weekly basis. BTC Stalls at $30K The past week was quite eventful for the primary cryptocurrency, despite its sluggish start. BTC remained at $28,000 on Monday, similar to the previous weekend, but the landscape started to change as the day progressed....

Bitcoin’s price has been increasing consistently lately, continuing its bullish phase since the beginning of the year. However, the market is currently at a key resistance level, and its reaction is essential for the trend in the next few months. Technical Analysis By:Edris The Daily Chart: On the daily timeframe, the price has finally broken out of the tight consolidation range around the $28K mark, aggressively attacking the $30K resistance. This level is both a crucial...

Arthur Hayes – co-founder of BitMEX – believes the altcoin season (a time frame during which the alternative coins outperform Bitcoin and reduce its dominance in the crypto market) is already here. Assets like Ether (ETH), Arbitrum (ARB), and Dogecoin (DOGE) have marked substantial gains in the past 24 hours, whereas BTC has been relatively stable at a range of $30-31K. Enter the Alt Season In one of his most recent tweets, Hayes presented a price chart of Ether (ETH),...

This week saw the total cryptocurrency market capitalization soar above $1.3 trillion on the back of major increases from many coins. The sentiment has also improved considerably across the board. Bitcoin’s price managed to top the coveted $30K level – a point that we haven’t seen in 10 months. The week started relatively quiet as everyone was expecting the release of the Consumer Price Index. It’s largely used to gauge inflation in the US. Before its release, however, things...

The Bitcoin price (BTC) began to bubble up from the $27,900 handle on Sunday, Apr 9. By Monday, it had entered into full rally territory, shooting up to $30,450 by Tuesday. But most of Jim Cramer’s audience probably missed the opportunity to make a cool 23% gain as he CNBC “Mad Money” host told viewers to avoid Bitcoin on Mar 14. Cramer Does It Again Moreover, Cramer told CNBC watchers that they should sell any BTC they have: “Bitcoin went up today. And I would argue now it...

Argentina’s securities regulator – the National Commission of Value (CNV) – reportedly authorized the local exchange Matba Rofex to launch regulated Bitcoin index futures contracts.  Argentines have recently shown rising interest in the primary cryptocurrency and other digital assets. One factor behind the surging appetite could be the concerning inflation rate in the country and the political instability.  Additional BTC Options for the Locals The BTC index futures contracts...