Bitcoin

The relative strength index (RSI) on the daily chart is near oversold levels, which means buyers could remain active heading into the Asia trading day. Further, positive momentum signals on the weekly chart suggests pullbacks will remain brief this month. Source link

Analysis from Huobi Research Institute uncovered many factors that may have contributed to its present price and forecasts future market changes. London, UK –News Direct– Huobi Research Institute The falling price of Bitcoin, which now stands below US$40,000, has prompted many to wonder if the cryptocurrency bull market that began early March is indeed over. Analysis from Huobi Research Institute uncovered many factors that may have contributed to its present price and forecasts future… Source link

Text size Bitcoin and ether have suffered their worst daily falls since early this year. Barron’s Advisor/Dreamstime … Source link

April 12 (Reuters) – A crypto platform’s pledge to amass $10 billion worth of bitcoin to back its own “stablecoin” is firing up the market. It’s part of a wider movement to crown bitcoin as the reserve currency of a new age. Seoul-based Terraform Labs has so far built up nearly 40,000 bitcoin worth $1.7 billion in a series of purchases via a non-profit affiliate, Luna Foundation Guard, according to publicly available blockchain data. The spree follows Terraform co-founder Do Kwon’s… Source link

At CamboFlare, an Asian fusion restaurant in Big Lake, Minnesota, customers can pay with cash, credit card, major cryptocurrencies and soon CamboCoin — a cryptocurrency created specifically for the restaurant. Since the restaurant opened in November 2020, it has accepted payments by bitcoin, bitcoin cash, Ethereum, and Dogecoin. Now it is one of the only restaurants in Minnesota, according to owner Mike Nget, taking this step. But at CamboFlare, so few people actually pay in crypto that the… Source link

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Bitcoin could slump to $30,000 as the era of cheap money comes to a close and investors move cash from speculative assets to safer bets, market watchers suggest. Analysts note that cryptocurrencies are being treated by investors much the same as speculative tech stocks. While the tech-heavy Nasdaq was down nearly 4% last week, crypto appears to be getting hit even harder. In the last 24 hours alone, bitcoin is down more than 6% and ethereum is down more than… Source link

The immediate support is about $40,000. “On the support side, buying activity has been concentrated around the $40,000 level, where 820,000 BTC was previously acquired, making this the price to watch out for,” Lucas Outumuro, head of research at blockchain analytics firm IntoTheBlock, said in a newsletter published Friday. Source link

Bitcoin (BTC) saw a predictable fall into the Wall Street open on April 11 as bears took the market toward $40,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin edges toward $40,000 Data from Cointelegraph Markets Pro and TradingView showed last week’s downtrend gathering pace Monday after a disappointing weekly close. The calm weekend thus gave way to volatility as the new week began, this being led by equities losing ground worldwide. In Asia, the Hang Seng closed down… Source link

If you haven’t heard of crypto, you clearly haven’t been following the news lately. If you’re not quite sure what crypto is, or what you should do with it, correspondent David Pogue is here to teach you (just about) everything there is to know about crypto, in nine simple steps: 1. Bitcoin was only the first crypto. “Crypto” is short for “cryptocurrency.” Bitcoin was the original one, and it’s still by far the most popular. But there are over 10,000… Source link