Bitcoin will reach its all-time highs by the end, driven higher by carefully considered arguments and a new measured tone being presented by Jack Dorsey, Elon Musk and Cathie wood. The live virtual event featured Elon Musk, Space X founder, Ark Investment’s Cathie wood, Jack Dorsey founder, and Tesla founder, Space X, founder. They all […]
Category: Crypto News
Here’s one way to trade Bitcoin even as BTC price teeters over an abyss
The last 29 days have seen Bitcoin ( BTC) fluctuate between $31,000 and $36,000, as the effects of the recent China ban along with a $1.4 Billion Grayscale GBTC share unlocking continue their pressure on markets. China’s government took a number of measures to stop cryptocurrency mining and trading. They ordered the immediate shutdown of certain operations […]
Cash App developer Square to offer bitcoin-based DeFi platform
According to Square CEO Jack Dorsey, the new platform will allow ‘non custodial permissionless and decentralized financial services for Bitcoin’. Square Inc. (SQ), a global financial market leader, has seen its success in money services and payment processing become a huge success. Cash App facilitates simple money transfers among its 36 million users. Square CEO Jack […]
What Does Technical Analysis Tell Us About Bitcoin Prices?
Bitcoin prices trade within a reasonablely defined range. This state has been maintained for many weeks. According to coinDesk, the world’s most popular digital currency trades largely between $30,000- $42,000 since May. After reaching a new, all-time high in April of over $64,000, it has continued to follow this trend, according to additional CoinDesk data. It […]
Bitcoin and Ethereum Both Show Signs of Cooling Off
Reports on GPU MSRPs aren’t the only evidence of a slowing down in cryptocurrency demand. Recent activities on the Ethereum and Bitcoin mining networks also provide direct evidence. Both networks have been hit hard by China’s recent crackdowns, and there is a drop in global mining. Recent data compiled by Etherscan via PCGamer shows the steep drop in cryptocurrency […]