Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic.
Related Posts
Solana ETF 'still in play' despite Cboe filing removal — VanEck exec
VanEck is still advocating for its Solana ETF with regulators, said Matthew Sigel.
Cathedra Bitcoin cools off mining to tap MicroStrategy playbook
Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in strategy.
Brazil’s crypto surge prompts central bank to tighten regulation
According to the central bank’s data, from January to August 2023, imports of crypto rose by 44.2% compared with the same period in 2022. 91 Total views 2 Total shares The governor of Banco Central do Brasil, Brazil’s central bank, said the bank has noted a significant surge in crypto adoption in the country and
Ethereum can rise to $800 in 2020 if this bull ‘mini-cycle’ repeats
Markets tend to behave in massive cycles. One of those cycles is the previous Bitcoin (BTC) price cycle from 2014 to 2017. However, within those cycles, are multiple smaller cycles that could often repeat.A similar approach and analysis can be made for Ethereum’s Ether (ETH), which is outperforming BTC year-to-date, as the majority of its…
Pro Traders Unfazed by Bitcoin Price Stalling at $12,400, Data Shows
Bitcoin’s (BTC) recent rejection at $12,400 triggered $234 million in futures contract liquidations across derivatives exchanges. Despite a 30% rally in the past 30 days, maintaining the $11,700 level as support is undecided.Bitcoin hasn't seen a lower low ever since the mid-March 50% shakedown, which caused the price to test the sub-$4,000 level.Bitcoin USD 4-hour…
Amazon CEO expresses optimism about the future of cryptocurrencies and NFTs
As told by Andy Jassy, the e-commerce giant may integrate NFTs later down the line. 134 Total views 16 Total shares Speaking during an interview with CNBC after releasing his first shareholder letter as the new CEO of Amazon, Andy Jassy said that while he does not own any cryptocurrencies or nonfungible tokens, or NFTs,…
LocalBitcoin Loses Traders After Cash Trading Ban: ‘Not Very Local’
On June 1, Finnish peer-to-peer (p2p) bitcoin (BTC) trading platform LocalBitcoins quietly removed in-person cash trading from its service. Three days later, the company publicly confirmed the ban on Twitter. As per the accompanying statement, LocalBitcoins had to renounce local cash trading to “adapt to the current regulatory environment.”The removal of the option has angered…
Blockchain Association meeting with key Biden staff about regulations
The crypto advocacy group is going on a charm offensive and meeting with top representatives of the Biden administration. 3252 Total views 15 Total shares U.S.-based crypto advocacy group, the Blockchain Association, is lobbying key figures in the Biden administration to advocate for more favorable regulations.The Association’s executive director, Kristin Smith, told Fox Business the…