Bitcoin must reach a 'higher high' to confirm uptrend after dip below $58K
If Bitcoin is to maintain its longer-term uptrend, it must avoid breaking down below $56,000, according to a crypto analyst.
Related Posts
Hive Digital sales up 36% as Bitcoin miner forays into AI compute
Hive's new high-performance computing platform clocked around $2.6 million in sales in the second quarter of 2024.
US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’
The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings. The Federal Reserve Banks of Boston and New York published a staff report on Sep. 26 comparing stablecoins, such as USDT and USDC, to money market funds. Key findings in the report include the observation that stablecoins and money market
Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K
Bitcoin bulls may be able to trap late sellers below key bull market trendlines as BTC price weekend gains pass 5%.
Bitcoin price has legs above $100K despite holders booking record profits — Analysis
The Bitcoin market has yet to reach the unsustainable euphoria typically observed at the peaks of previous BTC price bull runs.
Indian crypto industry expanding, regulators seem reluctant to engage
The people of India are awaiting access to crypto banking services, as British-based fintech firm Cashaa has collaborated with India’s United Multistate Credit Cooperative Society to launch a crypto-centric banking company called Unicas that will initially open 34 branches in Northern India and plans to have expanded to 100 branches by next year. Considering that India…
Are we dumb? Financial illiterates ‘twice as likely to own crypto’
A report from Canada’s central bank shows that while most Canadians are knowledgeable about basic finance and Bitcoin, few actually hold any crypto assets.According to the results of Bank of Canada’s 2019 Cash Alternative Survey published in August 2020, financial literacy is positively associated with the awareness of cryptocurrencies but negatively associated with ownership. The…
Coincheck Exchange Adds Ethereum And Ripple to Its New Over-the-Counter Trading Desk
Japanese cryptocurrency exchange Coincheck has added its first two altcoins to its recently launched over-the-counter (OTC) trading desk, Cointelegraph Japan reported on April 15.Coincheck, which began operating its OTC service with Bitcoin (BTC) at the start of the month, now also offers Ethereum (ETH) and Ripple (XRP), the second and third largest cryptocurrencies by market…
Visa announces neobank pilot focused on getting crypto tools to Black community
The crypto APIs will help “provide another channel for the Black community to access crypto as a new asset class.” 397 Total views 5 Total shares Visa has teamed up with a neobank to pilot a crypto program that will allow underbanked individuals to purchase, custody, and trade digital assets.In an announcement today, customers at…