Tag Archives: btcusdt

Bitcoin continues to gradually lose value and dropped to a near two-month low of just over $37,000. The altcoins are also deep in the red, with notable price losses from Solana, Cardano, Terra, Polkadot, and many others. Bitcoin Sees 2-Month Low It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago, as BTC neared $41,000 roughly a week ago but was rejected in its tracks. The subsequent correction drove the asset south...

Renowned fashion designer – Philipp Plein – predicted that more clients will employ cryptocurrencies when purchasing the company’s products this year. He envisioned digital assets to account for between $15.8 million to $21 million of the firm’s 2022 revenue. Crypto to Become a Key Player at Philipp Plein One of the leading fashion companies in Europe – Philipp Plein International AG – jumped into the world of crypto last year by enabling its customers to pay for clothes,...

Bitcoin has slowly declined over the past few days. The price got rejected at the 100-day moving average line twice last week, and now the 100-day and 50-day moving average lines turned into heavy resistance levels. In addition, the $40k level is also acting as a significant static resistance level, and the price has been trading below it for most of the time over the past week. Technical Analysis Technical Analysis By: Edris The Daily Chart The recent trajectory of lower...

Fidelity’s bold move of offering investors the opportunity to add Bitcoin to their retirement 401(k) accounts has caused concern from the US Labor Department. Though seeing that the speculative nature of Bitcoin is a worrisome issue as it gets incorporated into the retirement plan open to average Americans, the authority said it had no intention of banning the asset in 401(k)s. Concerns Regarding Cryptocurrency In an interview with the Wall Street Journal, Ali Khawar, acting...

Bitcoin failed again at overcoming $40,000 and has returned to even below $39,000. The majority of the altcoins are also in the red once more, but ApeCoin continues to defy the odds ahead of its highly-anticipated Otherside sale. Bitcoin Struggles Below $40K On April 25, bitcoin initiated an impressive leg up, adding nearly $3,000 in hours. Consequently, the asset spiked to almost $41,000 after its recent nosedives. However, this price increase was short-lived as the bears...

The Proof-of-Work (PoW) consensus mechanism, which relies on crypto mining to validate transactions, is a pioneering concept that, in fact, pre-existed Bitcoin. But it is often criticized due to its environmental impact. Many proponents of clean energy consider high energy consumption to be an “Achilles Heel” for Bitcoin. The latest to weigh in on the matter was Solana’s co-founder, who gave his two cents on why BTC should make the transition. Anatoly Yakovenko, the...

The past seven days haven’t been particularly favorable for the cryptocurrency in terms of price action. Bitcoin dropped below $40K and is currently unable to reclaim the important psychological level, while many altcoins followed a similar, if not tougher, path. This time last week, BTC was trading at around $42,000, but this didn’t last long. The cryptocurrency began declining last Friday, and by Saturday, it was already trading below $40K. The beginning of the workweek...

According to the American non-profit organization – the National Bureau of Economic Research (NBER) – the majority of El Salvadorans (60%) have not downloaded the Chivo Wallet (a feature that facilitates bitcoin transactions). Additionally, there have been almost no downloads since September 2021, when the country became the first nation to adopt the asset as legal tender. Bitcoin Adoption in El Salvador Not Progressing Last year, the Central American state made the headlines...

Following Fidelity’s move to offer Bitcoin as part of its retirement 401(k) accounts, MicroStrategy CEO Michael Saylor opined that the digital asset is a perfect fit for retirement, even better than bonds. Saylor: Bitcoin is the Perfect Asset for Retirement In an interview with CNBC on Tuesday, Saylor pointed out that Bitcoin is a much better investment choice than popular traditional asset classes, including gold, stocks, and bonds. According to the MicroStrategy chief, the...

Changpeng Zhao – Chief Executive Officer of Binance – believes that bitcoin is less volatile than many stocks of tech giants, including Tesla and Apple. He also said the exchange will “have good news to share” on its confrontation with global regulators. ‘Many of the Tech Stocks are More Volatile Than BTC’ In a recent interview with the Financial Times, Changpeng Zhao expressed his opinion that during the past two years, the price of the primary cryptocurrency has been “more...