Bitcoin (BTC) price is trading sideways but still above the 200-DMA at $10,500. The long-term prospect for Bitcoin’s mass adoption may be accelerated by social media, according to Jack Dorsey, co-founder and CEO of Twitter. Social media platforms will be shaped by Bitcoin and crypto Dorsey said the future of the social media Read more…
Comparison between Bitcoin and the U.S dollar is an unavoidable plot in the current financial industry. With the increased interest in the Bitcoin market, the asset is currently more defined and credible than in the past and its movement has often been the bud of many discussions. With the U.S dollar index recently rising, Read more…
The hype and increased interest toward decentralized finance (DeFi) fueled Ethereum’s growth as well as its transaction fees so much that the network has finally surpassed Bitcoin’s total transaction fees. Data from Coinmetrics suggests Ethereum’s cumulative transaction fees in 2020 stands at $350 million compared to Bitcoin’s $157 million. According Read more…
Investor reveals strategy that gave him million-dollar profits in Bitcoin. Bitcoin price with support at $10,420 could go up to $11,000. Legendary Bitcoin investor Chamath Palihapitiya has published the secret that allowed him to make a $10 billion profit in Bitcoin. The investor made a big bet in 2012 and 2013 to Read more…
Ki Young Ju, CEO of CryptoQuant, noted that Bitcoin is likely on the verge of a full-blown bull run as the mining ecosystem flashes a number of bull signals. He shared the chart below on September 24th, noting that Bitcoin miners are suggesting that a bull run is around the corner. This Read more…
The volatile start of that week that saw Bitcoins sell-off from nearly $11,000 to $10,000 in a matter of hours may have an even more turbulent ending. According to the Skew, provider of data for Bitcoin and Ether derivative, 88,000 Bitcoin options contracts are set to expire on Friday, September 25. Read more…
Bithumb, the largest cryptocurrency exchange in South Korea, is allegedly up for sale to the highest bidder, according to the South Korean news outlet Herald. Responsible for more than 50% of the domestic trading volume with 4.77 million users, Bithumb is considered the primary driver of cryptocurrency trading in the country. Read more…
Galaxy Digital CEO Mike Novogratz does not believe that Bitcoin will be threatened by the digital euro. On the contrary, the European Central Bank (ECB) issuing its own digital currency could help drive the adoption of BTC and other cryptocurrencies, according to his Sept. 22 tweet. Christine Lagarde, president of the ECB, touched Read more…
After two or three failed attempts at around $11,000 area, the Bitcoin price began to create a new lower low against the US Dollar. BTC broke the $10,750 support level to begin a considerable decline. Bitcoin is currently trading around $10,420 area and trying to decline. After rejecting the $11,000 Read more…
Bitcoin is trading in the red near $10,650 at press time, down 2.9% on the day, having faced rejection near $11,000 earlier on Monday. A decline in European stocks and U.S. stock futures and a rise in the U.S. dollar look to be weighing over the top cryptocurrency by market cap. Major Read more…