Bitcoin is trading nicely above the $9,200 and $9,000 support levels against the US Dollar. BTC is rising and it could gain bullish momentum if there is a clear break above $9,550. Bitcoin is trading in a positive zone above the $9,400 and $9,200 support levels. An immediate hurdle is near the $9,550 zone, above…
DetailsAfter attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days. BTC’s tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss of the key…
DetailsIt has been hard to miss the recent tweets from Bitcoin bull Robert “Rich Dad” Kiyosaki. The Vietnam veteran — best known for his book “Rich Dad Poor Dad” on financial wellness and success — has been putting his foot to the gas recently in promoting the leading cryptocurrency, gold, and silver. He doubled down on this…
DetailsEthereum could be well positioned to see some notable upside in the days and weeks ahead, despite its overt signs of weakness caused by its recent decline to the sub-$200 region. Analysts are now noting that its market structure still favors buyers so long as it maintains above $185, and that a continued defense of…
Details
In 2019 the world was captivated by news of a Chinese-based crypto Ponzi scheme called PlusToken. The ringleaders of this scheme defrauded unsuspecting investors out of billions of dollars’ worth of crypto. The sale of these fraudulently obtained tokens was largely thought to have placed immense pressure on the crypto market, being part of the…
Details
Since the crypto bubble of 2017 that brought Bitcoin from under $1,000 to $20,000 in a year, analysts have been wondering what will spark the next rally. Many have put their faith in the Bitcoin block reward halving, which came to pass earlier this week, but more and more are becoming convinced that central bank…
DetailsAfter attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days. The tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss of the key $9,500…
Details
Another week, another round of Crypto Tidbits. Bitcoin has seen quite the tumultuous week, The cryptocurrency started off the week with a bang, collapsing from ~$9,700, the weekly open price, to a low of $8,100, in a dramatic sell-off that liquidated over $200 million worth of long positions on BitMEX and hundreds of millions of more…
DetailsIn a first for the country, an Australian woman has been charged with illegally operating an unregistered Bitcoin exchange. She further stands accused of using the cryptocurrency “exchange” to launder over 326 BTC transacted since 2017. Australian Woman Accused of Money Laundering Through Illegal Bitcoin Exchange An unidentified woman has been charged with what is…
DetailsThe tight correlation between Bitcoin and the stock market has been deteriorating in recent days. And following the latest price action, the correlation may finally be over and Bitcoin can break free from the shackles of the S&P 500. Bitcoin Correlation With S&P 500 Finally Diverges Thanks to Halving Bitcoin price was trading well above…
Details
