Bitcoin price started a downside correction from well above $40,000 against the US Dollar. BTC is now trading near a major support at $38,000, where the bulls are currently active. Bitcoin started a downside correction after it failed to stay above $40,000. The price is currently just below $39,000 and the 100 hourly simple moving…
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Bitcoin price is struggling to hold above $40,000 and is now below it. On the three-day timeframe, the top cryptocurrency is also well back within the Ichimoku cloud, suggesting there’s more support now built below. However, it is worth noting that if the indicator is to be read correctly, even through there’s an attempt at…
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Technical analyst John Bolinger says that the price of Bitcoin is trying to move up. He pointed out that the first real target is the bottom side of the prior. This means the $48k to $50k range. This was in response to a tweet from BigCheds on Twitter which posted a candlestick chart showing Bitcoin’s…
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Since Bitcoin was adopted as legal currency in El Salvador, the crypto world is watching and waiting for who will be next. There could be a few South American countries to vote for legalizing crypto and paving the way for crypto infrastructure sooner rather than later. Leaders from countries including Panama, Paraguay, Mexico, Argentina, Nicaragua,…
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About a decade ago, no one knew what DeFi was. More so, a good number of mortals did not envisage a $1 trillion market capitalization for the crypto space. Today though, a lot has changed and decentralized finance seems to be the future of finance. While there are many decentralized crypto projects in the space,…
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What defines collateral and value? Recent insights from Caitlin Long, a Wall Street veteran and the Founder and CEO of Avanti Financial Group, took a look at the investment reserve disclosure from Tether Operations Limited, the company behind the USD-pegged stablecoin, USDT. It showed that of the assets used to back and stabilize USDT, only…
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If you go to your favorite online news site almost every day now, one of the top headlines will invariably be about cryptocurrencies. And we’re not just talking about the massive speculative gains that have made many people rich or the subsequent downturn blips that invariably follow. You can find the biggest names in sports,…
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A global survey of Chief Financial Officers has revealed that hedge funds are planning to hold 7% of their wealth in crypto within the next 5 years. Reuters has described the survey results as a major vote of confidence for cryptocurrency assets within the current market environment. The Hedge Funds Crypto Survey Financial administrator Intertrust…
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Billionaire Tim Draper has doubled down on his prediction that Bitcoin will reach $250,000 by the end of 2022. Draper first made this prediction in 2018 when Bitcoin’s price was still trending below $10,000. Being a venture capitalist and tech investor, Draper has always had faith in the coin. Always taking any opportunity he could…
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Ethereum corrected gains from the $2,640 zone against the US Dollar. ETH price is now trading above a major support at $2,500 and the 100 hourly SMA. Ethereum failed to clear $2,650 and started a downside correction. The price is now trading above $2,500 and the 100 hourly simple moving average. There is a key…
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