Bitcoin (BTC) reversed in classic fashion on March 10 after bulls failed once again to hold higher levels. Bart‘s back on the Bitcoin chart The pair had managed to pass $42,000 before consolidating, but a lack of support meant that a drop back to its previous trading zone below $40,000 was the grimly familiar … Read more
Volatility and choppy price action continued to dominate the cryptocurrency market on March 7 as news that United States President Joe Biden plans to sign an executive order later this week. This outline for the government‘s strategy for cryptocurrencies was added to the list of factors weighing down crypto prices. Data from Cointelegraph Markets … Read more
Bitcoin remained under the $40,000 level on Sunday, as bears continued to pressure cryptocurrency markets. This pressure also kept ethereum lower, with the world’s second-largest crypto hovering around its long-term support level. Bitcoin Sunday saw the price of bitcoin (BTC) trade lower for a fifth consecutive session, as it was unable to shake off … Read more
Following Tuesday’s price surge, bitcoin was trading lower during today’s session, as markets hit a key resistance point. This comes as ETH was once again trading below the $3,000 level. As of writing, the crypto market cap is down 1.87%. Bitcoin BTC bulls ran into a stumbling block on Wednesday, as traders appeared to … Read more
Veteran investor Mark Mobius, the founder of Mobius Capital, explains why the price of bitcoin is rallying as the Russia-Ukraine crisis deepens. “Bitcoin is showing strength now because the Russians have a way of getting money out,” he said. Mark Mobius on Why Bitcoin’s Price Is Rising The founder of Mobius Capital Partners, Mark … Read more
Veteran investor and fund manager Bill Miller explains why he thinks that it is currently “very bullish for bitcoin.” Miller noted that Russia has almost 50% of its reserves in currencies that are controlled by people who want to do them harm. Bill Miller’s Crypto Outlook: ‘It’s Very Bullish for Bitcoin’ Famed value investor … Read more
The People’s Bank of China, the central bank of the country, claimed in a recent note that China’s share in the global Bitcoin (BTC) transactions has dropped rapidly from over 90% to 10%. The Financial Stability Bureau of the Chinese central bank released a comprehensive note on Wednesday discussing the impact of the crypto … Read more
Calls from the crypto community for Ukraine to accept other cryptocurrencies have been answered. The official Ukraine Twitter account shared that it will now accept donations from Polkadot (DOT), while other cryptocurrencies will soon be added. Gavin Wood, the co-founder of Polkadot had previously shared that if the Ukraine wallets were to add DOT, … Read more
According to a recent press release, major bitcoin mining firm BIT Mining Limited has entered a binding investment term sheet with Dory Creek LLC, a subsidiary of cloud mining service Bitdeer, to invest $25.74 million and jointly construct and operate a mining data center in Texas. The total power capacity of the center is … Read more
Running crypto businesses is a difficult journey that is not for the faint of heart. However, according to Stephen Ehrlich, the co-founder and CEO of Voyager Digital, patience is the key, and the rewards will come in the long run. Many have invested time and money in developing crypto-related businesses. Reports detailing 2021 show … Read more