Bitcoin

The ongoing tensions between Russia and Ukraine continue to be the dominant news story on Feb. 22 as Bitcoin (BTC) and the wider global financial tremble under the pressure as the world awaits some form of resolution to the matter.  Data from Cointelegraph Markets Pro and TradingView shows that the price of BTC has traded in a range between $36,360 and $38,330 on Feb. 22 as a swirl of positive and negative developments sent mixed signals to traders who base their trading activity on news… Source link

da-kuk/iStock via Getty Images In an article back in October, I warned that Bitcoin (BTC-USD) may have topped. The price proceeded to fall 50% and has struggled to regain its previous bull market. Last week we have seen actions by the Canadian government to block Bitcoin payments to the Freedom Convoy. I will describe why Trudeau has just shut down the argument for Bitcoin. Court order moves to freeze crypto assets The Canadian truckers’ Freedom Convoy, which has been protesting COVID… Source link

A once coal-fired plant in rural, upstate New York stands at the center of a battle over Bitcoin. Greenidge Generation LLC mines “proof-of-work” cryptocurrency — the bitcoin cryptocurrency process requiring a massive amount of computing power. According to a Cambridge University analysis, globally, Bitcoin uses more electricity annually than the whole of Argentina. For a small town in the Finger Lakes region, hosting Greenidge for bitcoin mining is seen as a blessing or a curse… Source link

Blockchain analytics provider Glassnode has depicted a bearish scenario for Bitcoin (BTC) as on-chain metrics suggest increased selling pressure is imminent. In its weekly analytics report on Monday, Glassnode said that Bitcoin bulls “face a number of headwinds,” referring to increasingly bearish network data. The researchers pointed at the general weakness in mainstream markets alongside wider geopolitical issues as the reason for the current risk-off sentiment for crypto… Source link

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Text size Russia-Ukraine geopolitical tensions have hit risk-sensitive assets—including cryptos. Chris McGrath/Getty Images … Source link

Bitcoin (BTC) heads into the last week of February lower but shows signs of strength as a key support level holds. After a nervous few days on macro and crypto markets alike, BTC/USD is below $40,000, but signs are already there that a comeback could be what starts the week off in the right direction. The situation is far from easy — concerns over inflation, United States monetary policy and geopolitical tensions are all in play, and with them, the potential for stocks to continue… Source link

What happened  Trading took a turn for the worse in the middle of the holiday weekend for the cryptocurrency market and most values are down. There wasn’t a lot of news, but the liquidity may be little lower than normal on a long holiday weekend, causing values to fluctuate wildly. The value of Bitcoin ( BTC -4.37% ) is down 4.4% in the last 24 hours as of 3:20 p.m. ET on Sunday while Ethereum ( ETH -5.04% ) has fallen 4.2%, and Dogecoin ( DOGE -3.13% ) is down… Source link

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Bitcoin (BTC) saw its first dive below $38,000 in over two weeks on Feb. 20 as macro triggers rattled low-volume weekend markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader on BTC: “Nothing to get excited about” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing ground Sunday, following threats of fresh sanctions on Russia over its alleged plans to invade neighboring Ukraine. After a quiet Saturday, crypto began to move downhill after comments from… Source link