Tag Archives: btcusdt

Bitcoin’s price has been confided by a very tight price range between the 50-day moving average and the ascending trendline. Considering the importance of this price range, the breakout’s direction should determine the mid-term perspective of the cryptocurrency’s path. Technical Analysis By Shayan The Daily Chart Bitcoin’s price started recovering after the significant crash toward $15K in mid-November. However, the rally didn’t last long and was halted at the $18K resistance...

Sitiveni Rabuka became Fiji’s 12th Prime Minister after winning the country’s elections earlier this month. The 74-year-old, commonly known by his nickname “Rambo,” is a proponent of bitcoin. Former member of Parliament of Tonga Lord Fusitu’a applauded the Rabuka for his success, supporting the idea of Fiji and Tonga embracing the primary cryptocurrency as legal tender in 2023. ‘Let’s Go 2 for 2’ The People’s Alliance Party (PAP) became the new ruling political group in the...

Mike Novogratz – the CEO of Galaxy Digital – praised his company’s decision to purchase the bitcoin mining facility – Helios. The firm recently won the auction to acquire another cryptocurrency entity – the blockchain cybersecurity platform GK8.  ‘Long-Term Believers in BTC’ In a recent tweet, Novogratz justified the Helios’ acquisition with the fact that Galaxy Digital is a “long-term” believer in bitcoin. He also thinks lowest-cost BTC miners will prevail in the future,...

MicroStrategy’s Executive Chairman – Michael Saylor – said the company intends to roll out Bitcoin Lightning Network-powered solutions and applications next year. The business intelligence firm previously planned to launch an enterprise Lightning Wallet and Lightning servers and was looking to hire a software engineer to be in charge. Presenting the 2023 Plans Saylor revealed the firm’s intentions on Twitter Spaces, saying MicroStrategy is exploring ways to integrate...

Bitcoin continued with minor price declines in the past 24 hours, resulting in a dip to a weekly low of under $16,500. Most altcoins are also in the red, including substantial losses from Solana and Terra Classic. Bitcoin Dropped to Weekly Lows The primary cryptocurrency had a calm weekend, in which it stood at around $16,800 without any movements in either direction. This resulted in closing the week at precisely the same spot it was seven days ago. The start of the new week...

Bitcoin’s price has been oscillating in a very tight range heading into the new year’s holidays, offering little clue on the direction of the next significant move. Nevertheless, the market remains in a very decisive area, and its fate could be revealed in the next few days. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has been grappling with the 50-day moving average around the $16,700 mark for a while now but is yet to break it in any...

The American business intelligence corporation – MicroStrategy – bought 3,205 BTC between November 1 and December 24. The company sold 704 BTC on December 22, meaning its total holdings currently stand at 132,251 BTC. The largest BTC corporate holder – MicroStrategy – continues following its bitcoin agenda purchasing more amounts of the primary cryptocurrency. It acquired 2,395 BTC for approximately $42.8 million, at an average price of around $17,871 per coin between the...

2022 will go down in history as one of the most atrocious and shocking for the cryptocurrency industry, which saw several major implosions, countless bankruptcies, fallouts, and everything in between. Apart from the obvious – the massive price declines of cryptocurrency assets, Forbes estimated that several industry participants have lost their billionaire status, while others’ fortunes were wiped out to $0. From Terra to FTX – Crypto Debacles The macroeconomic factors have...

Glassnode data shows a decrease in the 7-Day MA of bitcoin leaving centralized exchanges with only 986.237 BTC getting withdrawn in the past week or so. The declining outflow could signal that investors have restored some faith in CEXs after the gigantic collapse of FTX. Billions of dollars worth of various digital assets were withdrawn from such exchanges amid FTX’s crash. Decline in Crypto Withdrawals Apart from crashing the entire cryptocurrency market and causing colossal...

The American billionaire and prominent TV personality – Mark Cuban – said he wants bitcoin’s price to go down “a lot further” so he could purchase more of it.  He also criticized investments in gold, arguing it is not a “hedge against everything.” Waiting for a Buying Opportunity The billionaire remains a fan of bitcoin, despite the asset’s massive price decline and the uncertainty around the entire crypto industry. In a recent podcast, he vowed to increase his BTC exposure...