Tag Archives: News

Stellar lumen price struggled to clear the $0.3500 resistance zone against the US Dollar. XLM price is now trading below $0.3000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3080 on the 4-hours chart (data feed via Kraken). The pair is likely to extend its decline as long as it is below the $0.3500 resistance level. Stellar lumen price is facing hurdles near $0.3200 and $0.3500 against the US Dollar,...

Ripple price is trading above the key $0.8050 support zone against the US dollar. The price is now well below $0.8000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.8200 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down below the $0.7200 and $0.7000 support levels. Ripple price is trading in a bearish zone below $0.80 against the US Dollar. XRP price...

Not too long ago, El Salvador announced that it would make bitcoin legal tender. Thus, the Central American nation became the first to permit bitcoin’s full use as a currency. However, now it looks like the country’s plans have hit a snag as the World Bank is saying it will reject El Salvador’s request. The World Bank Will Not Help El Salvador To be fair, El Salvador does not necessarily need permission from the World Bank to implement bitcoin’s status as a payment...

Is bitcoin about to experience a “short squeeze?” According to many analysts, the answer is yes. A Short Squeeze Is in BTC’s Future, Analysts Say A short squeeze is when an asset that has been doing poorly suddenly skyrockets in price due to several traders making bets against it. As of late, the world’s number one digital currency by market cap has been trading in the doldrums, losing close to $30,000 off its price since reaching its latest all-time high of...

Tesla is going through a bit of a slow period right now, and according to analysts of Morgan Stanley, this may be because of Elon Musk and his obsession with bitcoin. Elon Musk Is Driving Tesla Shares Down Elon Musk has gone back and forth in recent months regarding the world’s number one digital currency by market cap. The South African entrepreneur sent the currency sky high in the month of February when he decided to purchase approximately $1.5 billion worth of the...

With China suddenly becoming an anti-bitcoin mining state, many are wondering where all the country’s present operations will relocate to. Some say Texas, while others suggest Wyoming. Either way, many China-based crypto mining firms need a new home, and America is looking better and better every day of the week. Bitcoin Miners in China Are Having to Leave Soon China has always had a rather up-and-down relationship with cryptocurrency. The country banned both initial...

29-year-old crypto billionaire Sam Bankman-Fried believes that it would be rather easy for crypto miners to resort to green energy to potentially extract new coins from the blockchain. Sam Bankman-Fried: Miners Can Turn to Green Energy without Hurting Their Industry One of the big arguments hitting the crypto industry as of late is that crypto mining is somehow harmful to the planet. There are reports strewn about suggesting that bitcoin mining requires more energy than...

Neil Patrick Harris is the latest celebrity to express love and enthusiasm for bitcoin. So much so that he is now serving as the new spokesperson for Coin Flip, a leading crypto ATM firm. Neil Patrick Harris Is a Big Crypto Fan Harris is well known for playing lead roles in television programs such as “How I Met Your Mother” and “Doogie Howser, M.D.” However, what many do not know about the young star is that he is an avid crypto trader and investor. He entered the...

63-year-old venture capitalist Tim Draper has always been there to support BTC. In a recent interview, he stuck to his guns and claimed, once again, that bitcoin was likely to hit the $250,000 mark by the end of 2022 or the beginning of 2023, something he has mentioned time and time again in the past. Tim Draper On Where BTC Will Go The price of bitcoin has not been in the best place. Recently, the currency – which was trading for about $64,000 per unit last April – fell...

Suze Orman is a personal finance guru that knows a thing or two about bitcoin. She also has some very clear ideas about how someone should invest in it and how much they should buy. Suze Orman Discusses How BTC Investing Should Be In a recent interview, Orman claims that bitcoin should not be viewed as a currency, even though that is what it was designed to be. She says that for now at least, people need to be looking at it as a long-term investment if they want to...