Tag Archives: btcusdt

The legendary US investor and an outspoken critic of cryptocurrencies – Warren Buffett – launched another bashing manifest against bitcoin, classifying it as a “gambling token.”  He argued that most people invest in it in search of “easy money,” alerting that the pursuit of getting rich in a short period of time hides its risks. Throwing Stones at Bitcoin… Again Although bitcoin has soared by over 80% YTD amid the massive financial uncertainty, some people might never change...

The initial expectations for the CPI numbers for March showed a decline in the inflation rates to 5.2%. In reality, the third month of the year saw an increase of 5%, shown by the Consumer Price Index. At the same time, the core CPI, which excludes more volatile niches such as food and energy, was expected to be somewhere between 5.5% and 5.6%. The Core CPI has actually matched the expectations, standing at 5.6%. The CPI for February stood at 6%, which was a decline compared...

Robert F. Kennedy Jr – the nephew of former President John F Kennedy, who challenged Joe Biden for the Democratic nomination in the 2024 elections – blamed the Federal Reserve for the current disturbing condition of the financial sector. He believes cryptocurrencies like bitcoin could serve as lifeboats to individuals “when this bubble invariably bursts.” Pro Bitcoin and Anti CBDC The 2024 presidential campaign in the United States of America includes some interesting names,...

After a lengthy period of uncertainty, Bitcoin’s price has finally managed to break through a critical technical resistance level. This has led some investors to question whether the bear market has finally come to an end or if this recent rally is just a bull trap, a temporary rise in price. Technical Analysis By Shayan The Daily Chart Bitcoin has reached a significant and decisive resistance region of $30K, bringing back the bullish sentiment in the market. Now that the...

MicroStrategy’s massive bitcoin investment has finally generated some paper profits for the business intelligence giant after the asset spiked above $30,000 for the first time since June 2022. The firm started its accumulation spree in the summer of 2020, spending around $4.17 billion to purchase a stash of 140,000 BTC. At the moment of writing these lines, the investment is finally in the green, at least on paper. Finally in the Green Bitcoin’s recent price surge beyond the...

Hackers drained almost $13 million worth of digital assets from the South Korean cryptocurrency platform GDAC. This is the latest in a string of setbacks the industry went through. The Latest Victim The exchange’s team notified its users on April 9 that hackers exploited the Gdac Hot Wallet and transferred a significant amount of cryptocurrencies to an unidentified wallet.  They stole over 60 BTC, 350.5 ETH, 10,000,000 WEMIX, and 220,000 USDT (which accounted for around 23%...

Crypto market intelligence platform Santiment suggested that the number of bitcoin investors turning into long-term holders have been spiking recently. In addition, Glassnode determined that more than 50% of all BTC in circulation has not moved in the past two years. Almost 45 Million HODLers As analyzed by Santiment, the total amount of individuals and entities holding bitcoin for the long run has soared to almost 45 million, and the numbers have been rising at the fastest...

It’s April, and the Bitcoin price has been hovering around the $28,000 level since Mar 23. That’s a roaring price rally after starting March at the $23,500 handle. Bitcoin started off the new year trading at a measly $17,000. The question for crypto investors and traders now is whether BTC is looking expensive at that price or poised for another leg upward over the next quarter or the remainder of the year. Two Quick Near-Term Price Factors One bullish hint is that the king...

The cryptocurrency market has stalled for the past several days, but all that is expected to change by the middle of the week. This is because of two notable events about to take place – the announcement of the latest CPI data in the United States and the long-anticipated Shanghai/Shapella update for the Ethereum network. CPI Data on the Horizon For the past year or so, the US CPI data has been strongly impacting bitcoin’s price performance, at least for the short term. The...

Bitcoin appears to have hit a ceiling as the price continued to hover below the psychological resistance level of $30,000. This has led some to believe that the rally may soon come to an end since futures OI has been relatively flat throughout the year. But the options market has a different story to tell. Potential Bitcoin Rally? According to the latest chart by Glassnode, the amount of Open Interest in Bitcoin Options contracts has reached $10.3 billion. Its futures...