Bitcoin

Text size A pedestrian walks past signage for Ethereum, top, and Bitcoin outside the Hong Kong Digital Asset Exchange Ltd. digital currency trading store in Hong Kong, China, on Thursday, June 24, 2021. Paul Yeung/Bloomberg … Source link

Bitcoin (BTC) is at the start of another week with China’s latest “ban” behind it — but its next “FUD” story is already brewing. The United States’ infrastructure bill is back on the table, with this week likely to see a definitive vote on what could shake up cryptocurrency businesses. At the same time, fundamentals and on-chain metrics alike continue to be more bullish than ever, and traders are betting on — at worst — a moderate price dip to a floor no lower than… Source link

Bitcoin (BTC) sealed another $40,000 retest on Sept. 26 as the battle for the weekly close raged on. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC “unlikely” to linger below $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $40,800 overnight, following an earlier unsuccessful attempt by sellers to flip $40,000 back to resistance. With stubborn conditions keeping BTC price action in a narrow range, attention on Sunday focused on where the… Source link

Chinese government agencies including the country’s securities regulator and the People’s Bank of China (PBOC) said in a statement on Friday that all cryptocurrency-related business activities are illegal and vowed to clamp down on illicit activities involving digital currencies. The agencies said that overseas crypto exchanges would be blocked from providing services to Chinese residents through the internet. Bitcoin (XBT) fell about 5% on the news. Ethereum, another leading cryptocurrency,… Source link

Bitcoin (CRYPTO: BTC) gained further utility on Thursday when Twitter Inc (NYSE: TWTR) announced its tipping feature will be available to all users and will offer an option for paying and receiving tips in the apex cryptocurrency. The option will be available on iOS soon and to Android users over the following few weeks. The Bitcoin Chart: Following the announcement, Bitcoin rose about 2.5% in the 45 minutes between 1 p.m. and 1:45 p.m. ET. The crypto then began to consolidate the move on… Source link

Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week’s volatility which was the result of regulatory pressure on the crypto sector, the Federal Open Market Committee meeting on the Fed’s interest rate hikes and monetary policy, along with fears that the Evergrande situation would ripple out to impact global financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after trading in a range between… Source link

Seasoned Bitcoin (BTC) hodlers are about to spark a new price run-up by hoarding BTC, data reveals this week. According to on-chain monitoring resource Glassnode, the Bitcoin supply is due to put in a fresh aging process. 1-year-old supply bottoms out Highlighting its active supply metric, Glassnode researchers noted that the percentage of the Bitcoin supply, which last moved a year ago or more, is forming a local bottom. Under such circumstances in the past, holders or “hodlers,” fresh from… Source link

Earlier Thursday, a pop-up message blocked the homepage screen, inviting visitors to send money to a bitcoin wallet. The funds will be doubled and sent back, the message said. The message claims it is because the Bitcoin Foundation is “giving back to the community.” Source link

Following a broadly bearish session on Tuesday, it’s been a broadly bullish morning for Bitcoin and the broader market. At the time of writing, Bitcoin, BTC to USD, was up by 3.91% to $42,340.0. A mixed start to the day saw Bitcoin fall to an early morning low $40,601.0 before finding support. Steering clear of the first major support level at $39,076, Bitcoin rose to a late morning high $42,744.0. In spite of the recovery, Bitcoin fell well short of the first major resistance level at… Source link

What happened The price of Bitcoin (CRYPTO:BTC) took a nosedive for the second day in a row on Tuesday. One reason behind that decline may have been the U.S. Treasury Department’s move to sanction a cryptocurrency exchange. As of 3:41 p.m. EDT, Bitcoin had fallen by 3.6% over the prior 24 hours.  So what  The value of the world’s leading cryptocurrency had already fallen by about 7% Monday as investors grew concerned that one of China’s largest real… Source link