Bitcoin

Bitcoin (BTC) bulls are still hoping for a major breakout but at the moment, bears are applying pressure and keeping the digital asset pinned below $61,000.  Data from Cointelegraph Markets Pro and TradingView shows that an early morning breakout by bulls to make a run above $62,000 was met with a strong defensive line from the bears who handily rejected the attempt. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what traders and analysts are saying about Bitcoin’s current… Source link

The release appeared on Kroger’s investor relations page, and was later deleted. The company said the page, which gets automatically updated, receives a direct feed from PR Newswire, where the fake release also appeared. “This morning a press release was fraudulently issued claiming to be The Kroger Co that falsely stated the organization will begin to accept Bitcoin Cash. This communication was fraudulent and is unfounded and should be disregarded,” a company spokesperson said in an emailed… Source link

MANA, the currency of Decentraland, a virtual world on the Ethereum blockchain that allows users to monetize content and applications, is up 88% on the week. SAND, the token of The Sandbox, also a virtual world where players can build, own and monetize their gaming experiences using non-fungible tokens, has gained 132%. Source link

The price of bitcoin took a hit on Thursday (Nov. 4) in London as investors took in the U.S. Federal Reserve’s plan to decrease how many bonds it purchases, Yahoo reported. The Fed wants to cut its pace of asset purchases by $15 billion per month, as of this month. Because of that, the Treasury purchases will go from $80 billion to $70 billion, and government-backed mortgage security purchases will also go down from $40 billion to $35 billion. As of the announcement, bitcoin had lost… Source link

Bitcoin’s (BTC) 90% year-to-date gain was largely fueled by the United States Securities and Exchange Commission’s (SEC) recent exchange-traded fund (ETF) approval and in the first 48-hours of listing, ProShares’ Bitcoin Strategy ETF (BITO) was able to amass $1.1 billion in assets under management. On Nov. 1, the U.S. Treasury released its stablecoins report, which basically urged Congress to regulate the industry. In short, the working group expects government agencies to require… Source link

It’s been a broadly bearish morning session for Bitcoin and the broader market. At the time of writing, Bitcoin, BTC to USD, was down by 2.39% to $61,397.0. A mixed start to the day saw Bitcoin rise to an early morning high $63,067.0 before hitting reverse. Falling well short of the first major resistance level at $64,252, Bitcoin fell to a late morning low $61,277.0. Steering clear of the first major support level at $60,862, however, Bitcoin revisited $61,900 levels before easing back. The… Source link

The fed’s move to taper bond purchases affected bitcoin’s recent rally. Photo: Avishek Das / SOPA Images/Sipa USA The bitcoin (BTC-USD) price swooned on Thursday in London as investors digested the news that the US Federal Reserve plans to taper its $120bn (£88bn)-a-month in bond purchases.  This marked the first tentative steps towards winding down its post-COVID money-printing programme that had spurred on many crypto bets — with investors buying bitcoin as a hedge against… Source link

“We haven’t even seen an episode of FOMO (fear of missing out) yet, so the sharpest bull-run part of the rally is yet to come,” Alex Kuptsikevich, an analyst at FxPro, wrote in an email to CoinDesk. “Despite BTC’s very sluggish performance in recent days, what still draws attention is the apparent support on dips,” Kuptsikevich wrote. Source link

click to enlarge In recent years, the popularity of Bitcoin and cryptocurrency has taken over the world. This immensely… Source link

Bitcoin (BTC) fell to 24-hour lows before Wall Street’s open on Nov. 3 as a previous bull run halted at $64,000.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price inches back toward $62,000 Data from Cointelegraph Markets Pro and TradingView confirmed the return of uninspiring sideways price action after Tuesday’s volatility. As Cointelegraph reported, BTC/USD rose almost $4,000 before topping out, with momentum then fading away to produce lows of $62,400 at the time… Source link