Tag Archives: btcusdt

After a brief dip, bitcoin went on the offensive once more and tapped $25,000 for the first time since mid-June. The altcoins are calmer today, but Shiba Inu has stolen the show with a massive double-digit surge. Bitcoin Touched $25K Whether it’s indeed on hype regarding the upcoming Merge, as JPM claimed, the crypto market has been on an uptrend in the past week or so, evident from BTC’s price movements. The most impressive surge came on August 10 when the asset jumped from...

Ronald Craig Ilg – a 55-year-old former neonatologist from Spokane, Washington – admitted to transferring $60,000 worth of bitcoin to multiple hitmen on the Dark Web whose task was to cause severe injuries to an ex-colleague of his. Apart from that, he ordered the criminals to kidnap his estranged wife and inject her with heroin so she would drop divorce proceedings. Ilg now faces five to eight years of prison time. The US authorities will announce the exact punishment in...

Unlike the previous weekend, this one starts with impressive gains from BTC and most altcoins. Bitcoin, for one, jumped to just under $25,000. With the hype surrounding the upcoming Merge, ETH soared to a multi-month high of its own, above $2,000. ETH Spikes Above $2K The Merge, a move that will see Ethereum transition from PoW to PoS, is arguably the most anticipated event of the year in the cryptocurrency space. The latest reports on the matter suggested that it could...

Maximiliano Hinz – top executive of Binance Latin America – argued that the spiking inflation is the main reason why the largest cryptocurrency exchange has amassed more clients in recent months. Another factor is the historically strong dollar, which has weakened other fiat currencies from emerging markets. Over the past few years, numerous experts and celebrities advised that investing in bitcoin amid the inflationary crisis is an appropriate strategy that could preserve...

Bitcoin continues its struggle to push and hold above $24K, as it has been rejected from this significant level for the third time. The price rebounded from the $20K support level last month and has been making higher highs and lows on the daily chart. This resulted in the creation of a bullish structure. Can the cryptocurrency finally break through its goal of the $24K resistance level? Technical Analysis By: Edris The Daily Chart As of this writing, Bitcoin has yet to break...

The past couple of days have been very exciting for the entire cryptocurrency industry and Bitcoin is no exception. BTC soared towards $24K today on news of slowing down inflation in the US. The question is if this will be enough for the critical resistance level to finally fall. Technical Analysis By: Shayan The Daily Chart The 100-day moving average is one of the most crucial levels for Bitcoin; it can be interpreted as a resistance or support line. This is dependent on...

According to Kristalina Georgieva – the Managing Director of the International Monetary Fund (IMF) – the recent fiasco with LUNA and UST should not become a reason for people to turn their backs on the cryptocurrency industry entirely. Unlike her previous statements, she praised the “faster service, much lower costs, and more inclusion” that the asset class provides. Not all Digital Assets are the Same Terra’s native token – LUNA – and its algorithmic stablecoin – UST – were...

The French fashion brand – Balenciaga – will reportedly embrace cryptocurrencies as a payment method for its products. Initially, the offering will be available at the firm’s US shops on Madison Avenue in New York and Rodeo Drive in Beverly Hills, Los Angeles. Balenciaga Catching the Crypto Wave According to a recent coverage, Balenciaga will allow its American customers to buy clothes, shoes, bags, and other products using bitcoin and ether. Customers will also be able to...

Despite reclaiming the $30,000 mark late last night, bitcoin still closed the weekly candle in the red. Thus, the cryptocurrency extended its negative streak to eight consecutive weeks. 8 in a Row in Red A lot can change in the cryptocurrency space in two months, and it definitely did for bitcoin. The asset stood close to $50,000 at the end of March, and when the community expected a run towards that level, the landscape changed, BTC reversed its trajectory and headed for its...

The President of the European Central Bank (ECB) – Christine Lagarde – reiterated her negative stance on cryptocurrencies, claiming they are “based on nothing” and should be strictly regulated. Nonetheless, she revealed that one of her sons had distributed some of his wealth into the digital asset market. Diving Into Crypto Despite Mom’s Advice Numerous central bankers have criticized the cryptocurrency sector over the past few years. The French politician and the ECB’s...