Bitcoin

Bitcoin sees ‘mother of all consolidations’ as $40K BTC price squeeze fails

Bitcoin (BTC) saw a fresh brief short squeeze overnight on March 15 with bulls still attempting to crack $40,000 resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders uninspired by market composition Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs just short of the psychological barrier Tuesday before returning to previous levels. The now all-too-familiar “Bart” formation followed news that the European Union had rejected a regulatory… Source link

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Bitcoin Evangelist Saylor Tells Economists Why They're Wrong – Bloomberg

Michael Saylor, chief executive of enterprise software maker MicroStrategy Inc. and noted Bitcoin proselytizer, spoke to dozens of members of the Economic Club of New York on Monday about the merits of the world’s largest digital asset, especially in the face of sharply rising inflation. Most mainstream economists have been slow to embrace Bitcoin, questioning the claims of advocates that the cryptocurrency serves as a store of value as well as an inflation hedge.  Source link

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Bitcoin Below $39K After EU Vote on Crypto Regulation – CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

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5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week struggling to preserve support as key macro changes appear on the horizon. In what could turn out to be a crucial week for Bitcoin and altcoins’ relationship with traditional assets, the United States Federal Reserve is set to be the main talking point for hodlers. Amid an atmosphere of still rampant inflation, quantitative easing still ongoing and geopolitical turmoil focused on Europe, there is plenty of uncertainty in the air, no matter what the trade. Add… Source link

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Bitcoin-Banning Measure Seen Too Close to Call in Tomorrow's EU Parliament Vote – CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

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Bitcoin drifts into weekly close while Fed rate hike looms as next major BTC price trigger

Bitcoin (BTC) upped the volatility into the weekly close on March 13 as markets braced for geopolitical and macroeconomic cues. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Long-awaited Fed action set to come this week Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it again came close to testing $38,000 support during Sunday. The pair had seen a quiet end to the week on Wall Street. The weekend proving similarly calm as the status quo both within and… Source link

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Apple Co-Founder Steve Wozniak Expects Bitcoin to Hit $100K — Says ‘I Just Really Feel It From All of the Interest’ – Featured Bitcoin News

Apple co-founder Steve Wozniak expects the price of bitcoin to hit $100,000. “I just really feel it from all of the interest,” he explained. “The interest in crypto is so high.” Steve Wozniak’s Bitcoin Price Prediction Apple co-founder Steve Wozniak shared his view on cryptocurrency in an interview on the Wild Ride with Steve-O podcast, published last week. He began by sharing his bitcoin investment experience. “I bought a bunch of bitcoin at the start to say how do you… Source link

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Eric Adams down on Bitcoin bets he invested paychecks in

Hizzoner has given himself a pay cut. Mayor Eric Adams could be down about $600 — or 3 percent – in his cryptocurrency portfolio, according to a Post analysis. The cryptocurrency-curious politician promised to put his first three paychecks — after taxes and other deductions — into the two largest cryptocurrencies, Bitcoin and Ethereum. Adams’ buys were a bid to boost New York’s crypto scene over Miami, whose mayor made a similar promise. City… Source link

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Bitcoin threatens $38K as 3-day chart hints at March 2020 Covid crash repeat

Bitcoin (BTC) further tested $38,000 overnight as the weekend began with uncertainty among traders. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 3-day chart could be “precursor” for weekly  Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $39,000 after several attempts to break $38,000 support. The pair had also seen a brief spurt above $40,000 Friday thanks to geopolitical developments, this nonetheless lasting a matter of minutes before the previous… Source link

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