Tag Archives: btcusdt

Bitcoin’s price has been rejected from the 200-day moving average and is currently experiencing a sharp downtrend. The Daily Timeframe Technical Analysis By: Edris The 50-day and 100-day moving average lines printed a bullish crossover last week. However, instead of holding the price, BTC broke to the downside. These moving averages have also acted as resistance and pushed the price further down over the past week. BTC is currently heading towards the $36K support level,...

Over the week, several major news outlets ran stories covering the basics of cryptocurrencies like Bitcoin. One by CBS news claimed, “Crypto is not easy to spend.” That might have been true just five years ago, but in 2022, many national chain stores already accept Bitcoin. Here is a list of nine companies that accept bitcoin for payment today. Cryptocurrency Payments Infrastructure is Already Here The following paragraph from the CBS Sunday Morning News article gives the...

The cryptocurrency market continues to be untypically calm, with bitcoin failing to make a decisive move while still standing above $40,000. Most of the altcoin space is in a similar position, except for Filecoin, which soared by double digits. Bitcoin Stands Still at $40K It was just over ten days ago when the primary cryptocurrency failed at $47,000 and started its gradual descent. In a matter of days, the asset found itself dropping to $45,000 and $43,000. Somewhat...

According to a study conducted by the digital asset exchange aggregator – Coincub – Germany is the most crypto-friendly country for Q1,2022. The previous leader – Singapore – holds the second position, while the USA took third place. Germany Emerges as a Crypto Hub Coincub noted that the ranking of the top digital asset-welcoming nations has changed over the past several months. “Germany’s acceptance of cryptocurrency and groundbreaking decision to allow crypto investments...

Over the past week, the price of bitcoin has been plummeting with strong bearish momentum, resulting in a break below the 50-day and 100-day moving averages lines on the daily timeframe, indicating that the bears are presently in control of the market. Long-Term: The Daily Chart Technical analysis by Shayan However, the recent price action suggests that the negative momentum had weakened. The price experienced a short-term bullish leg towards $41.6K, which got rejected. But...

In a letter addressed to MicroStrategy’s stockholders on Thursday, the company’s CEO Micheal Saylor doubled down on his conviction of continuing its years-long bitcoin buying spree. The paper aimed to pave the foundation for the Annual Meeting of Stockholders scheduled on May 22nd, 2022. The CEO also promised that MicroStrategy, the publicly traded company with the most number of bitcoin holdings, would continue to buy more BTC and provide its software intelligence services...

Once considered an attractive country for Chinese Bitcoin miners after the country’s crackdown on any BTC mining activity, Kazakhstan now seems to be set to creating new taxes that will negatively impact the industry. On April 14, the Minister of National Economy, Alibek Kuantyrov, said in a government briefing that his team is working on a tax plan that would link tax payments to the valuation of the mined tokens. According to Kuantyrov’s statement, first reported by...

This week was entirely unproductive for cryptocurrency bulls as the market took a beating and Bitcoin collapsed to $40K. And yet, it appears that the entire world was focused on another exciting event – Elon Musk’s proposition to buy Twitter and take it private. First things first, the cryptocurrency market lost some $160 billion over the last seven days and collapsed below the important level of $2 trillion. This was largely because of Bitcoin’s drop to $40K. It all started...

PlanB, the creator of the bitcoin Stock-to-Flow (S2F) model, implied that only a black-swan incident could drag the price of Bitcoin down to $24,500. The anonymous Twitter pseudonym in the past has missed Bitcoin’s price predictions on some occasions, but his bullishness on the asset still remains intact, asserting that it could reach $100K at the end of the year. The bitcoin analyst with over 1.7 million followers on Twitter said in a tweet that he doesn’t see a reason that...

Larry Fink – CEO of the multinational investment management corporation BlackRock – seems more and more convinced of the merits of the cryptocurrency industry. He said his company is studying digital assets broadly, while clients have recently shown great interest in the sector. BlackRock Marching Towards Crypto The Chief Executive Officer of BlackRock – Larry Fink – was nowhere near that supportive of the cryptocurrency universe back in the days. In 2017, he described...