Bitcoin

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The cryptocurrency bear market has had an impact on how people pay with crypto, but Bitcoin (BTC) remains a major payment tool despite huge volatility, according to data from BitPay. The share of Bitcoin payments in the total BitPay transactions has been shrinking amid the ongoing cryptocurrency winter, but it’s still the most popular cryptocurrency for payments on the platform. The sales volumes of Bitcoin-based payments on BitPay accounted for as much as 87% last year and dropped to 52% in… Source link

Bitcoin (BTC) recovered above the $19,000 mark on Sep. 20, a day after falling to its lowest level in three months. Bitcoin struggles after dropping below $20K On the daily chart, the BTC price rose from $18,255 to $19,650. This 7.5% price rebound mirrored similar rebound moves witnessed in the stock market, suggesting that investors have been coming to terms with another significant rate hike by the Federal Reserve expected on Sep. 20-21. BTC/USD daily price chart versus ACWI and Nasdaq…. Source link

Bitcoin (BTC) faces another week of “huge” macro announcements after the lowest weekly close since July. After days of losses following the latest inflation data from the United States, BTC/USD, like altcoins and risk assets more broadly, has failed to recover. The largest cryptocurrency has yet to flip $20,000 to convincing support, and as the third full week of September begins, the danger is once again that that level could function as resistance. Bulls have plenty to worry about — the… Source link

Bitcoin started a fresh decline below the $20,000 support zone against the US Dollar. BTC traded below $19,000 and remains at a risk of a move to $18,000. Bitcoin started a fresh decline and traded below the $19,500 support. The price is now trading below $19,200 and the 100 hourly simple moving average. There was a break below a connecting bullish trend line with support at $19,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now… Source link

Bitcoin noted some upside over the last 24 hours following a brief recovery back above $20,000. Investors that have kept a close eye on its performance over the last few weeks may have noticed its confinement within a tight range. However, it might be closer to the tail end of this range, and things are about to get more interesting. Bitcoin has been stuck between the $19,000 and $24,000 levels for more than a few weeks now. It exited this range only a few times since June,… Source link

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject If you’re a Bitcoin holder, there are plenty of good reasons why you aren’t happy. After all, when you bought into the world’s largest cryptocurrency, the expectation was it would soon hit $100k on the charts. However, that hasn’t happened. In fact, one could argue that the crypto has moved in the… Source link

Leading cryptocurrency Bitcoin found another ally in macroeconomist Luke Gromen who recently claimed that the United States could gain benefits if it begins to view the digital currency as an asset and not as any kind of threat. Gromen made his statement during his appearance on a September 14 podcast hosted by Natalie Brunell. Gromen is well-respected in the finance research world for his ability to provide a comprehensive analysis of global and topical… Source link

Leading cryptocurrency Bitcoin found another ally in macroeconomist Luke Gromen who recently claimed that the United States could gain benefits if it begins to view the digital currency as an asset and not as any kind of threat. Gromen made his statement during his appearance on a September 14 podcast hosted by Natalie Brunell. Gromen is well-respected in the finance research world for his ability to provide a comprehensive analysis of global and topical… Source link

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl and Rob Mitchell. Research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: JuSun/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. Source link