Summary: The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1.5 billion The purchase is in line with Do Kwon’s goal of backing UST with digital asset reserves worth $10 billion The Luna Foundation Guard now holds 80,394 BTC The Luna Foundation Guard has acquired an additional 37,863 Bitcoin worth $1.5 billion to...Read More
Quick take: Bitmex’s founder and former CEO, Arthur Hayes, has requested leniency from the judge handling his court case Mr. Hayes is requesting no jail time and permission to live abroad and travel freely His lawyers have also asked for probation with no home detention or community confinement Arthur Hayes had struck a plea deal...Read More
Terra (LUNA) has hit a new all-time high of $115.23 The LUNA Foundation is determined to keep buying Bitcoin Terra’s founder wants to increase LUNA’s Bitcoin reserves to $10 Billion and to be the single largest holder of Bitcoin after Satoshi LUNA and the purchases of the Foundation could ignite a Bitcoin and crypto-wide bull...Read More
Elon Musk has Tweeted a Youtube video that ‘explains everything’ about Dogecoin Elon’s was responding to a Tweet by the Director of Research at Ark Invest, Brett Winton Winton’s tweet featured a conversation in which he was trying to explain Bitcoin to his mum The 2014 Youtube video posted by Elon, summarizes the genesis of...Read More
Quick take: Officials in the EU and US have expressed concerns that Russia might use cryptocurrencies to evade sanctions The EU is taking all measures to guarantee that digital assets will not be an alternative for Russia amidst sanctions US Senators have asked Treasury officials, how they are overseeing digital assets in the wake of...Read More
Bitcoin price, in the past couple of days, was following an uptrend and appeared to be well in place to reach the threshold at $47,000. It appeared that BTC price was taking a huge step ahead and consolidating for some time before the next leg up. And hence by following this pattern, the asset would...Read More
Bitcoin is experiencing significant falls in the crypto market. The analyst expects a crash similar to the one that occurred between April and May. While September is revealing red days for the cryptos, FUD has started creeping in investors. However, BTC price can still witness a notable rebound, as it’s presently consolidating after more than...Read More
The crypto space seems to have come back on track as some of the coins started to show a decent uptrend. Bitcoin price after falling from $53k to $43K last week is up by 3.57% in the last 24 hours. Few analysts and a portion of the crypto community appear extremely bullish for BTC price....Read More
Twitter might possibly be working on an update enabling tweeters to add their Bitcoin and Ethereum wallet addresses to receive tips via the Tip Jar. The leak was shared by a user on Twitter. Looking at the screenshot it is evident that the beta version being tested is on ios. Twitter had earlier enabled users...Read More
Around 10 to 11% of Bitcoin’s total supply hasn’t moved in over a decade with 2.3 million being held by Bitcoiners since 2011. As per the reports of Glassnode, a crypto metric platform, it indicates that 2,068,167 Bitcoins have remained stagnant or lost for over over 10 years, with a total of 18,801,525 circulating supply...Read More
Bitcoin price rallied remarkably and successfully added yet another $2000 with a nearly 6.1% jump. Moreover, the price also achieved the important resistance levels around the 200-day MA at $44,864. The rally marked a bullish re-establishment but with the beginning of the fresh day trade, BTC price initiated with consolidation. Whereas most of the altcoins...Read More
Bitcoin Above $11000 Bitcoin after almost a month-long wait broke above $11000 to touch the resistance level formed surrounding $11,119. It gained almost 4.14 percent to reach this level in the past 24 hours. The digital asset has gained almost $500 in just a single day. The bunch of green candles in the 24-hour chart...Read More
Bitcoin Price Maintains above the $10000 mark After a two-day continuous dip, Bitcoin price viewed a slight increase, forming a new support level at $10200 for the intraday trading. However, the usual support remains below $10000 at $9900. Despite the decline, the crypto space seems to be assertive with the Bitcoin bull rally very soon....Read More
Theory Behind $500K Bitcoin Bitcoin price prediction is the most desired topic for most of the crypto followers, and also the most-watched too. The very first reported Bitcoin Billionaires, Winklevoss brothers, puts out the most bullish ever prediction. The logic behind the prediction is pretty uncomplicated, he believes Bitcoin would overtake the market by surpassing...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, July 21st, the BTC rate is growing. The cryptocurrency is generally trading at 9307.56 USD. On D1 of BTC/USD, the picture has not changed much since last week. The pair is still trading at the upper border of the descending channel between 100.0% and 61.8% Fibo. Another...Read More
Quick take: Bitcoin (BTC) has once again reclaimed $9,000 with 5 days until halving. Pantera Capital’s CEO, Dan Morehead, sees a scenario where BTC hits $115,212 by August 2021. His analysis is based on the change in the stock-to-flow ratio across each halving. The hype and excitement surrounding the Bitcoin halving event is once again...Read More
Dan Morehead, The CEO of Pantera Capital is back again with one more Bitcoin Price Statement, this time he puts down High figures and says the bitcoin price will propel over $500,000 in August 2021 as the 12th may halving effect. What is Pantera Capital? A San Francisco Based Investment firm involved Blockchain, Cryptocurrency Ventures....Read More
In brief: Bitcoin (BTC) encountered massive resistance as it tried to break $7,300. At the same time, its trade volume has been dropping together with its dominance in the crypto markets. In our analysis of Bitcoin (BTC) a few hours ago, we were cautiously optimistic that the King of Crypto was on a slow and...Read More
In brief: Evidence points towards US citizens using there $1,200 stimulus checks to buy Bitcoin (BTC). Grayscale Capital’s recent quarterly report provides a clue as to institutional interest in Bitcoin (BTC). The King of Crypto is hovering around $7,200 and looks set to start a climb up to $8,000. For the last 72 hours, Bitcoin...Read More
In brief: Stablecoin market capitalization has reached a whopping $8 Billion. This value stored in stablecoins has zapped away some market capitalization from Bitcoin (BTC). With central banks minting fiat, stablecoins are backed by currencies prone to inflation. An ideal future is where all trading is denominated in Satoshis. Recent news has highlighted that the...Read More
Yesterday April 15 Bitcoin traded around $6,700 no one could expect the cryptocurrency to break through to the $7,000 level. Bitcoin which currently trades at $7,021.73 increased by more than $500 in the past 24 hours alone. The cryptocurrency rose from $6,650 to $7,145 in a matter of one and a half hours. Liquidation on...Read More
In brief: Gold is thriving as the Feds and other global Central Banks continually print fiat to cushion against the possibilities of a recession. The IMF has warned that the world is on track to experience its worst recession since the Great Depression of the 1920s. Bitcoin and Crypto enthusiasts have been monitoring Gold in...Read More
Quick take: Litecoin’s halving in August 2019, was uneventful with LTC’s price failing to meet the expectations of fans and traders. LTC is frequently considered as Bitcoin’s little brother. Some analysts believe that first doing technical analysis on LTC could provide insights into Bitcoin’s future. It is Easter Monday and the King of Crypto followed...Read More
Quick take: Social distancing has been highly advised globally and especially during this Easter weekend. Many Easter activities have gone virtual as a result. Bitcoin trade volume usually falls during major holidays and Easter is no exception. $6,600 is a key zone to watch during today’s weekly close. The 2020 Easter weekend will probably be...Read More
Quick take: Top Bitcoin analyst cautions that a Bitcoin bottom is not in. BTC might retest $7,970 in the right environment. However, if the stock market crashes again, BTC will also go down. The Bitcoin halving is approximately one month away and BTC is currently holding the earlier mentioned $7,200 – $7,300 support zone. The...Read More
In brief: Bitcoin (BTC) has this morning reclaimed the $7,000 value once again. Its movement is amidst global reports of some countries winning the war against the Coronavirus. With halving only days away, Bitcoin might continue with its upward trajectory. In our Saturday analysis of Bitcoin, Ethereum World News had advised a ‘wait and see’...Read More
In brief: Bitcoin exhibited some bullish momentum earlier on in the week. BTC traded briefly at $7,200, dropped below $7,000 and then attempted, with no success, to reclaim this level as support. However, we are back in familiar territory with $6,900 being the level to overcome once again. On April fools day, keen crypto traders...Read More
In brief: Bitcoin has so far defied the Death Cross which is evident on the daily chart. The King of Crypto is currently trading at $6,350, reclaiming the important $6,000 support zone. However, the current price movement is reminiscent of 2018 and could fall further as all markets are affected by the Coronavirus. With the...Read More
In brief: In the last week, two prominent crypto exchanges have launched Bitcoin USDT perpetual contracts. They include Bybit and KuMex (KuCoin’s derivatives platform.) Tether (USDT) is ranked 4th according to market cap. Its website states the company has $6.229 Billion in assets. Trading of Bitcoin futures contracts has become more popular as crypto traders...Read More
In brief: Bitcoin (BTC) has had an eventful weekend as it dropped from $6,700 to $6,000. The King of Crypto has tested the $6,000 support zone a few times. This area of support is crucial as a death cross is forming on the daily chart. At the time of writing this, all global citizens are...Read More
