Tag Archives: btcusdt

Bitcoin’s recent uptrend has paused temporarily upon arriving at the major swing level of roughly $22.8K. Although there are some bullish signs based on the on-chain analysis, there is a significant resistance region ahead in Bitcoin’s path. Technical Analysis By Shayan The Daily Chart The market appears to be looking for direction as the price has now reached a critical resistance zone. The descending trendline had been supporting the price until Bitcoin experienced a sudden...

Blockstream, a leading bitcoin infrastructure provider, announced on January 24 that it had raised $125 million in funding to expand its institutional bitcoin mining services. This fundraising round was led by Kingsway Capital, a UK-based private equity fund, and included participation from other investors such as Fulgur Ventures and Cohen & Company Capital Markets. This is the first fundraising for Blockstream since its 2021 Series B round, where the company raised $210...

Nayib Bukele – the President of El Salvador – revealed that the government repaid its $800 million bond plus interest the same day it was set to mature. Settling the bond comes despite the pessimistic views that the nation will experience financial challenges due to its bitcoin forays. ‘We Just Paid in Full’ El Salvador’s political leader, who is among the biggest proponents of bitcoin, announced the news on Twitter, regretting that most international media outlets did not...

Bitcoin has been moving higher as the equity markets fetched more gains. The world’s largest cryptocurrency by market capitalization climbed over $23,000 on Tuesday. Since the beginning of the year, both Bitcoin and Ethereum added 40% surges to their trajectory, retracting the entire post-FTX dump. Needless to say, the ongoing rally has sparked concerns over its sustainability on the backdrop of last year’s bloodbath, as well as subsequent numerous fake-out rallies. However,...

One of the poorest countries – the Central African Republic (CAR) – formed a team of 15 agencies, whose responsibility will be to draft a “comprehensive” cryptocurrency bill. The nation made the headlines last year, becoming the second after El Salvador to embrace bitcoin as a legal tender. Another Crypto Step Faustin-Archange Touadéra – President of the Central African Republic (CAR) – revealed that the government established a committee of 15 experts to design a pertinent...

One of the biggest critics of the cryptocurrency industry – Peter Schiff – expected bitcoin’s spike at the start of the year to cease shortly after it began and advised investors to sell their holdings when the asset was trading at around $18,000. The uptrend, though, continued, and BTC currently stands at $22,800 – a 27% increase since the American financial commentator shared his views. Another famous person whose grim prediction has failed as of the moment is Jim Cramer....

Bitcoin has initiated an explosive rally after finding support amid the $16K price level. Since then, BTC surpassed the 100-day and 200-day moving averages at $18K and $19.6K. After a prolonged downtrend, the price breaking above the 200-day moving average is a substantial bullish sign for the market. If the bulls maintain the MA-200 level, adequate demand will likely return to the market, and the sentiment will continue in the short term. However, there is an evident bearish...

Bitcoin soared by roughly $2,000 in the past several, charting its highest price position since mid-September. The altcoins are well in the green as well, with some, such as SOL and OKB, posting massive double-digit price increases. Bitcoin Sees 18-Week High The latest bitcoin surge came amid five bullish on-chain factors provided by CryptoQuant earlier this week. The asset had calmed after touching $21,600 and had retraced to just under $21,000. The bulls had a battle that...

After a few days of trading sideways and even slipping below $21,000, the bitcoin bulls returned on Saturday morning to push the asset to its highest price tag since September 13. With most altcoins well in the green as well, the number of liquidated short traders has soared. The start of 2023 continues to bring good news for the bitcoin bulls, which were quite dishearted following the painful 2022. However, BTC had added over $5,000 in the first few weeks of the new year and...

Bitcoin is continuing its weekly rally with a push beyond $22,000, bringing the crypto market back to a market cap of over $1 trillion.  The pump has triggered another avalanche of liquidations across digital asset exchanges. Bitcoin traded for roughly $21,380 at 19:45 UST on Friday, before pumping by $1000 to $22,370 by 21:00. The pump has only continued since then, with the top asset going for $22,615 at writing time.  Meanwhile, Ether has pumped from  $1590 to $1651 within...