The price of Bitcoin (ETH), the leading cryptocurrency, surged to an intraday high of $24,010 on the Bitstamp exchange at 12:48 a.m. UTC. Ethereum (ETH) and other top altcoins also spiked sharply higher. Crypto markets responded favourably after the slower than expected CPI reading, which takes pressure off the Federal …
Read More »Coinbase shares drop on Q2 billion-dollar loss
It was a challenging quarter for Coinbase from an operational perspective. The company said it had 9 million monthly transacting users during the second quarter, down from 9.2 million in the first quarter but more than the estimated 8.7 million. Macroeconomic and cryptocurrency credit resulted in lower trading volume during …
Read More »After Extending Earlier Rally, Bitcoin Hovers Around $24K
At the time of writing, the most famous cryptocurrency trades at $23,976. Earlier on Monday, Bitcoin climbed above $24,000, rising upon the same rhythm with the stock market and elevating stocks with high exposure to cryptocurrency.The price of Bitcoin has jumped nearly 5% over the past 24 hours to $24,220.36, …
Read More »What is important about Michael Saylor’s bet on Bitcoin?
Michael Saylor’s bet on Bitcoin has failed and he lost. The MicroStrategy CEO, also one of the biggest bitcoin bull, has decided to step down. When cryptocurrency lending platform Celsius froze user accounts amid a drop in valuations, waves across the industry raised questions about what could happen to user …
Read More »Market Drivers – US Session – Friday, July 29
The British pound finished the week recording its second consecutive week in the green territory; it printed solid gains of 1.49%, amidst an upbeat market mood, portrayed by US equities closing higher on Friday. The GBP/USD pair was trading at 1.2170, 0.05% down, during the North American session.US shares finished …
Read More »Bitcoin Refreshes Above $23,400
On Thursday, Bitcoin price analysis implies a consolidation following the previous day’s impressive gains. The price opened lower and traveled to touch the intraday high of $23,455, which acted as a strong resistance for the price as it coincided with the critical 50-day moving average.The BTC/USD pair is exchanging hands …
Read More »Cryptocurrencies witness more declines
The short-lived crypto rally, according to some analysts, might have been a clever trap to tempt traders in. Bitcoin price is now redirected to the negative territory.Bitcoin price has broken the ascending trend channel, prompting a 25% profit rally since July 13. A breaking news coverage was issued on July …
Read More »Embracing Google Pay Means Faster Payments In Crypto Space
Crypto.com announced that Google Pay is eventually been added as a payment method on its application for faster and more secure payments. Since the announcement of suspension of Netflix and Spotify benefits on its Visa card, the platform was criticized on social media. Users can now make faster, more efficient …
Read More »Impact of Tesla’s latest sale on Bitcoin market value
Tesla has sold 75% of its Bitcoin holdings for an average price of $29,000. The price of the most famous cryptocurrency has not yet shown a correlation to the sudden bearish news as the invalidation of the bullish macro thesis remains at the $13,880 level.CEO Elon Musk attributed Tesla’s lack …
Read More »How Does Bitcoin React To $930M Tesla’s Bitcoin Sale?
Bitcoin staged its first test of critical support on Thursday July 21 as the impact of the news headline that Tesla liquidated most of its Bitcoin holdings diminished. The BTC/USD pair is focusing on the $22,800 zone after dropping from multi-week highs of $24,280. The pair had swiftly reacted but …
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