Tag Archives: featured1

Ever since the word investing existed, gold has been among the most popular (if not the most popular) investment tools for wealth preservation. This is because of its unique characteristics like limited supply (scarcity) and lack of central authority behind its creation (kind of). However, its performance on weekly, yearly, and even 10-yearly scales is not all that impressive. At the same time, BTC is a much newer concept that takes gold’s unique qualities a step further....

To say that the past seven days were eventful would be an understatement. The cryptocurrency market saw a lot of important developments, and its total capitalization now hovers around $1.14 billion. That said, Bitcoin’s price went through a rollercoaster. This time last week, the primary cryptocurrency was trading at around $27,000 (or slightly below it, if we have to be precise). It conquered $27K during the weekend, but it was on Monday when the action started picking up....

Bitcoin’s price movements continue to be rather unimpressive but the asset has nevertheless managed to stand just above $27,000. The altcoins have also seen minor gains, with SOL and MKR popping up as today’s top performers. BTC Above $27K Last weekend didn’t go all that positive for bitcoin, as the asset spent it trading sideways at $26,600. The start of the new week was more painful. In a matter of hours, BTC slumped by several hundred dollars and dipped below $26,000....

After tapping a 10-day high yesterday, bitcoin has lost some momentum but still trades around $27,000. Most altcoins are also with minor losses today, aside from LINK, which has pumped once again and now sits above $8. BTC Uncertain $27K Last weekend was highly uneventful for the primary cryptocurrency, which had recovered some of the Thursday losses and stood mostly at $26,600. Monday was different, though, as the asset fell hard and dipped below $26,000. Nevertheless, the...

The past seven days were relatively eventful within the cryptocurrency market, especially compared to the previous periods. Almost all of the coins are trading in the green, while the total market capitalization sits at around $1.120 trillion. Bitcoin’s price is currently trading at around 1.1% more compared to where it was this time last week. Clearly, that’s not much of an excitement, isn’t it? Well, the cryptocurrency did have its ups and downs and it seems that we’re...

During his congressional testimony on Wednesday, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) chairman, persisted in his criticism of the cryptocurrency industry. Despite partisan divisions and ongoing legal battles, Gensler did not disclose the SEC’s next moves regarding spot bitcoin exchange-traded funds (ETFs) following a recent legal setback. Gensler Accuses Crypto Companies Chair Gary Gensler continued his combative stance against what he called crypto...

The cryptocurrency industry is transforming significantly due to heightened government regulations, particularly in the United States. Many US-based crypto companies, especially exchanges, are considering strategies to shift their operations abroad, which includes exploring new markets and contemplating relocating entirely out of the country. In contrast, Europe has become an attractive destination for crypto firms seeking a more favorable regulatory environment. Several...

Bitcoin failed to reclaim the $27,000 level yesterday and has stalled at around $26,500 as of now. The altcoins are in no better shape, with minor losses coming from most larger-cap ones. Chainlink is the only one with a notable price increase. BTC Back at $26.5K Last week was expectedly less volatile, aside from a brief spike on Saturday that pushed bitcoin to a then-multi-day peak of $26,400. After failing to continue upwards, BTC retraced to $26,000 and spent the rest of...

Bitcoin’s price increased by a little less than 1% in the past seven days. The week was, overall, positive for the industry as the total market capitalization approaches the $1.1 trillion cap. The biggest news of the week is undoubtedly the US FOMC meeting that happened on Wednesday. According to the official announcement, the central bank took the decision to maintain the target range for the federal fund rate at 5-1/4 to 5/12 percent. The statement also noted that job gains...

The cryptocurrency market has remained mostly flat for the past 24 hours, and Bitcoin has been unable to make a move throughout the period. However, this might as well be a stepping stone and a preparation for an attempt at $27K. Most of the altcoins have remained flat with certain exceptions, so let’s dive in. Bitcoin Preparing for $27K? Bitcoin’s price has failed to produce anything of substance throughout the past 24 hours and remains largely situated around where it was...