Bitcoin

After a mixed week for the majors in the week ending 29th August, it’s been a bearish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was down by 2.25% to $47,702.0. A mixed morning saw Bitcoin rise to an early morning high $48,924.7 before hitting reverse. Falling short of the first major resistance level at $49,713, Bitcoin slid to a mid-morning low $47,644.0. Bitcoin fell through the first major support level at $47,823 before briefly… Source link

Bitcoin (BTC) may score a new all-time high in 2021, but the odds are that it won’t happen next month. Historical price data confirms that September tends to see BTC price losses — and its best-ever returns are still single figures. September 2021 looks like a classic for BTC As Bitcoin matures, it becomes more noticeable that BTC/USD behaves in similar ways during the same month each year. Q4 is the clear standout for top performance, especially in the year following a block subsidy… Source link

Rich crypto investors are turning their attention back to Bitcoin (BTC) as its price continues to eye a breakout move above $50,000. Crypto-focused newsletter Ecoinometrics reported positive changes in Bitcoin holdings for addresses controlling 1,000–10,000 BTC. So, based on their rising account balances throughout August, Ecoinometrics spotted a renewed accumulation sentiment among “whales,” hinting that wealthy investors consider the current Bitcoin price levels as attractive to place… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 0.60% lower on Monday morning with a price above $48,000. The price was around $48,204 per coin, while rivals Ethereum and Dogecoin were trading around $3,203 (-0.21%) and 28 cents (+0.46%) per coin, respectively, according to Coindesk. Hedge fund billionaire John Paulson, who made a fortune in 2008 when he shorted the housing bubble, said in an interview published Sunday that he believes cryptocurrencies will eventually… Source link

Bitcoin (BTC) is keeping everyone guessing this week as another Monday starts below $50,000. After rangebound movements over the weekend, bulls are still waiting for a decisive attack on the $50,000 mark — could it happen now? Despite optimism from analysts, it seems that not even an “uber dovish” Federal Reserve has the fuel to push BTC/USD above crucial resistance. Cointelegraph takes a look at five things which could still provide Bitcoin with new momentum. Dollar comedown as stocks set… Source link

Litha María de Los Angeles slaps two cheese-filled pupusas – the El Salvadoran cornmeal flatbread – on the griddle. With a camera click on the QR code, she receives her payment: four hundred-thousandths of a Bitcoin. Then, as the rain pelts the corrugated iron roof and a gust of wind lifts the blue plastic table cloths, the power cuts out. A tumultuous few weeks awaits El Salvador as it prepares to become the first country to adopt Bitcoin, the world’s most popular decentralised… Source link

The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve’s taper timing.  Bitcoin corrects after logging its week-to-date high of $49,667. Source: TradingView.com In detail, the Fed chairman Jerome Powell delivered a mildly dovish outlook during his speech on Friday at the annual Jackson… Source link

The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency’s price and momentum trends. So it appears the Bitcoin’s price and relative strength index (RSI) have been moving in the opposite direction since late July. In doing so, even a strong push higher in the BTC/USD bids has coincided with lower peaks in momentum, suggesting that the pair’s upside momentum is weakening out. Bearish divergence A normal RSI momentum tends to… Source link

Bitcoin mining is viewed at BitFarms in Saint Hyacinthe, Quebe LARS HAGBERG/AFP via Getty Images China’s crackdown on cryptocurrency mining gave miners outside the region tremendous opportunities for growth. Second-quarter earnings reveal that non-Chinese mining firms crushed revenues and produced more bitcoin during the quarter. The CEO of one firm said his market share grew in the quarter as a direct result of the China crypto mining ban. Sign up here for our daily newsletter, 10… Source link