Bitcoin

Recently, Bitcoin received more attention with the imminent halving. Numerous individuals shared their thoughts on Bitcoin’s performance lately, as price oscillated. Individuals expressed their views on Bitcoin, capable of being a haven asset, a means of exchange, or as a tool for investment. Trace Mayer, Bitcoin Knowledge Podcast host, commented on Bitcoin’s performance and explained how the crypto asset helps people, where governments’ currencies are not usable. Mayer believes that Bitcoin empowers people to hold their keys, run their private…

Bitcoin is currently stuck in a range between $8300 and $9200, with no exact support barriers. The two levels are acting as heavy support and resistance, respectively. As per the records, anytime bitcoin sees a massive movement to either the upside or the downside, traders’ reaction triggers high liquidity levels. Many traders expect the BTC market to continue its bearish structure in the short term. Before that, most traders think a BTC relief rally is highly likely to occur. Analysts…

ETH experienced an exponential increase in recent times, and its robust metrics applauded in the cryptocurrency domain this year. This cryptocurrency gained more than 75% since the beginning of 2020, as it shifted from a $130 low on the 1st of January to $228 on the 3rd of January. On the other hand, Bitcoin incurred about 22% since the beginning of the year. It experienced a significant drop after trading near $10k and even crossed the critical level briefly on…

Finnish authorities have been on an endless spree of seizing Bitcoins obtained from illegal activities valued at millions. Unfortunately for their cause, they have no idea how to liquidate them. More on the BTC Probe The confiscation of such Bitcoins prompted a debate on the best way to ensure the crypto gets liquidated. Local reports state that the Finnish Customs Service have their hands on a total of 1,666 Bitcoins. The agency managed to seize the cryptos from drug deals…

A recent report confirmed that Elliott Management Corp secured a significant stake in the social media platform, Twitter. There are claims that the new investor is planning to remove Jack Dorsey from his Twitter CEO position. Elliott management recently appointed four of its representatives to be part of the Twitter’s board. As per the report, Elliott’s problem with Dorsey is that he splits his efforts between working for the success of Twitter, and his payments processor, Square Inc. More About…

Regardless of whether Bitcoin is showing weakness recently, a renowned analyst known as LightCrypto is buying Bitcoin near the $8.5k to $8.6k level. He noted his stance on Bitcoin, remarking that the cryptocurrency sustained well as gold declined below $1600 after moving close to $1700. As per LightCrypto, Gold’s fall is another sign of a vibrant and capitulatory macro environment. On the other hand, Bitcoin is compelling flatlining shows that sellers still support the cryptocurrency.  LightCrypto is Optimistic About Bitcoin’s…

Bitcoin and the rest of the crypto market have in the past weeks experienced huge value downswings. The gains at the start of 2020 have been all but wiped out in most altcoins thanks to the recent declines. Most of these major cryptos are otherwise getting closer to their critical support levels, a sign that a huge upswing might be around the corner. The same support levels also seem to occur simultaneously with the tremendous barrier that the entire crypto…

David Schwartz, Ripple’s CEO, says Bitcoin, XRP, and other distributed ledgers will continue to evolve slowly with great care and thoroughness.  Schwartz was speaking in the web series Ripple Drop. He also talked about the XRP Ledger’s unharried improvement, which started with a few nodes in 2011. Still, it is now utilized to power international payment transactions involving billions of dollars. Over the years, the XRP experienced significant changes in less than a decade; however, Shwartz insisted that blockchain systems’…

Currently, the BTC/USD pair is moving from its weekly drop at $8512. However, the Bitcoin price faces many significant barriers close to $9k, and it might turn to the downside. This week, a powerful downward move to the downside under $9k and $8.8k occurred. The pair even continued under the support at $8680 and established under the 100 hourly SMA. The pair then formed a new low close to $8512, and it is currently correcting losses. A Look at the…