Cryptocurrencies have made inroads into the business strategies of some of the leading companies in the world. The recent announcement by leading electric automobile manufacturer, Tesla regarding its acquisition of $1.5 billion worth Bitcoin and its plans to accept crypto payments is a glaring example of such a shift. As big brands and businesses line…
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Ethereum is facing a strong resistance near the $1,825 and $1,830 levels against the US Dollar. ETH price is likely to remain stable above the 100 hourly SMA or $1,680 in the near term. Ethereum seems to be struggling to clear the $1,825 and $1,830 resistance levels. The price is now trading well below $1,800,…
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Bitcoin price started a fresh upward move from the $44,000 zone against the US Dollar. BTC traded to a new all-time high near $48,680 and it is likely to continue higher towards $50,000. Bitcoin is showing a lot of positive signs above the $46,000 and $47,500 resistance levels. The price is trading above the $48,000…
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Mastercard, the leading credit card conglomerate, will allow its users to utilize some cryptocurrencies on its payment network, becoming the latest to adopt crypto. The price of Bitcoin moved rapidly after the Mastercard and BNY Mellon news broke, refueling momentum in the market. Raj Dhamodharan, executive vice president of digital asset and blockchain products and…
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Bitcoin is the talk of financial media, and has even spilled into the mainstream. Celebrities, CEOs, and just about anyone with a voice box is talking about crypto and speculating just how high Bitcoin could go this year. And while the bull market has potential to run much higher throughout the year, its the long-term…
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Bitcoin has been caught in one of the strong uptrends seen since its parabolic rally first began in late-2020 The cryptocurrency has been seeing tremendous growth as of late that has come about primarily as a result of multiple signs of mainstream adoption Examples of this include Tesla’s decision to add $1.5b worth of BTC…
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Bitcoin just set a new all-time high at $48,600 on top exchanges just days after setting its previous high of $48,300 on Coinbase. The cryptocurrency is up 8% in the past 24 hours, outperforming the stock market, though Bitcoin is underperforming some of its stock market peers. The rally comes as Tesla has confirmed that…
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Bitcoin today blasted through local resistance and set an all-time high price record. The powerful move came after a short-lived drop downward yesterday, providing enough short-sellers to pose as fuel to push prices higher. What also contributed to the “rocket fuel” was a sudden increase of stablecoins, which whales are finally taking full advantage of…
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The coronavirus pandemic has painted a different picture of our world when it comes to international money transfers, especially the kinds that come from employed migrant workers. The World Bank reveals that global remittances have declined 20% over the year 2020, with a 19.7% drop in remittances to low and middle-income countries. Part of that…
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The price of Bitcoin has rallied to a new all-time high above $48,500 merely hours after it saw a large dip to around $43,800. Bitcoin rose by 11.2% in the last 21 hours, posting a strong V-shape recovery in a short period. Bitcoin price chart. Source: BTCUSD on TradingView.com What’s fueling the Bitcoin rally? There…
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