Bank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin (BTC) as legal tender after President Nayib Bukele announced the launch of Bitcoin City. Bailey argued that ​​El Salvador’s decision to adopt Bitcoin as a currency was alarming because consumers are likely to suffer from the cryptocurrency’s extreme volatility. Trading around $43,000 on the first day of El Salvador’s Bitcoin adoption as legal tender, Bitcoin surged to a new… Source link

Bitcoin (BTC) may be down 20% from all-time highs, but this is a golden opportunity to “buy the dip,” analysts argue. Black Friday is living up to its name in crypto this year as both Bitcoin and many altcoins are trading at their lowest in six weeks. Misgivings over $53,000 floor After an overnight sell-off sparked by a declining United States dollar and macro markets rattled by a new coronavirus variant, BTC/USD is trading near $54,000. As mainstream media highlight the fall, others are… Source link

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su/File Photo/File Photo Register now for FREE unlimited access to reuters.com Register LONDON, Nov 26 (Reuters) – Bitcoin tumbled almost 8% on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety of bonds, the yen and the dollar. Bitcoin, the largest digital currency, fell… Source link

Ethereum Ethereum rallied by 5.97% on Thursday. Reversing a 1.63% fall from Wednesday, Ethereum ended the day at $4,526. A mixed start to the day saw Ethereum fall to an early morning intraday low $4,250 before making a move. Steering clear of the first major support level at $4,173, Ethereum rallied to a late intraday high $4,555. Ethereum broke through the first major resistance level at $4,364 and the second major resistance level at $4,457 to end the day at $4,500 levels. At the time of… Source link

Christopher Nolan’s third Batman film, “The Dark Knight Rises,” is generally considered the weakest entry in the series, in part because it’s so easily read as a celebration of neoliberal authoritarianism. The film’s plot has the villain, Bane, take over Gotham City, wipe out all financial ledgers and reign over a kind of mega-Occupy movement. To fight back, Batman engages in a series of moral compromises that he justifies as, more or less, necessary exceptions to defend a more… Source link

South Park, the animated TV series that often tackles topical issues with a comedic twist, showed Bitcoin being used as a mainstream means of payment in the not too distant future. In the “Post COVID” episode of its 24th season which aired Thursday, South Park depicted one of the show’s protagonists, Stan Marsh, paying for a stay in a cheap motel using Bitcoin (BTC) roughly 40 years from now, when the pandemic is jokingly about to end for good. The fictional Super 12 Motel Plus — in a… Source link

Ether (ETH) investors have no reason to complain after the 344% gains accumulated in 2021 until Nov. 24. Still, analysts fear that the $4,000 resistance test on Nov. 19 is forming a descending channel that aims at $3,600 by mid-December, an 18% correction from the current $4,400 price. Despite outperforming Bitcoin (BTC) by 16% in the past month alone and the ETH/BTC pair climbing to 10-week highs, Ether seems to be struggling with its own success. Ether/USD price on Bitstamp. Source:… Source link

Text size One crypto executive is optimistic India will fall short of an outright ban on private digital assets. Yuri Cortez/AFP/Getty Images … Source link

Bitcoin (BTC) will “probably” miss out on its predicted monthly close for November, analyst PlanB concedes. In a Twitter update on Nov. 25, the creator of the “worst-case scenario” end-of-month price forecasts prepared to accept defeat for the first time. First-ever miss “probable” for Bitcoin floor model At around $40,000 short, Bitcoin is currently far below what should have been its minimum monthly close for November. Now, PlanB acknowledges that BTC/USD hitting $98,000 in the… Source link

Bitcoin (BTC) hit multi-day highs of $58,300 overnight into Nov. 25 with investors betting on the reduced likelihood of a further major price dip. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging above $57,000 Thursday, printing a higher low on the daily chart. This, trader and analyst Rekt Capital believes, shows support “solidifying” at current levels, with hope, therefore, remaining of a more… Source link