Tag: xbt

Jun 23 2022

Bitcoin Selloff Sends Google Trends Search Term To New 2022 Record

Jun 23 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is barely keeping above $20,000 – a price the cryptocurrency traded at several years ago. The recent selloff has caused the search term "bitcoin" to skyrocket on Google Trends to the highest point of 2022 and over the 12-months. Does the surge in search term data suggest that investors are searching for answers? Or could this crash also have made prices...

May 11 2022

Lucky Number 13: What It Means For The Dollar And Bitcoin

May 11 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd. btcusdt dollar dxy

The number 13 is steeped in superstition. It isn't clear why the number has such significance, but even a prominent market timing technical indicator often gives buy or sell signals when an asset reaches a 13-count. Coincidentally, the DXY Dollar Currency Index and Bitcoin are exhibiting opposing 13-counts albeit on different timeframes. In this article, we are examining the...

Apr 27 2022

Dollar Touches Trend Line That Brings The Best Bitcoin ROI

Apr 27 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is still in a short-term downtrend. Meanwhile, the dollar has gone completely parabolic in the face of Fed monetary policy tightening and record-setting inflation numbers. The spike in the DXY has reached the 102 level and at the same time touched a trend line that has in the past kicked off some of the best returns Bitcoin has ever seen. Is...

Apr 21 2022

How Dollar Parabola Breakdown Could Boost Bitcoin Price

Apr 21 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Hate all you want; the US dollar is still the most dominant force in finance, and the global reserve currency. It is the de facto base currency in most trading pairs, even against Bitcoin. Because of this, when the dollar moves, so does the rest of the market. Find out why the dollar could be at risk of breaking down from a...

Apr 14 2022

Timing A Dollar (DXY) Trend Reversal And Its Impact On Bitcoin

Apr 14 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The DXY Dollar Currency Index is above the 100 level for the first time since the pandemic struck and lax monetary policy sent Bitcoin — and inflation rates — soaring. When or will the trend weaken, and what might continued strength or sudden reversal mean for Bitcoin and the rest of crypto? Fed Rate Hike Expectations Push DXY...

Jan 25 2022

Crypto Correlation: Comparing Bitcoin And The S&P 500 Flat Correction

Jan 25 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price this week touched $34,000 per coin, sending chills down the spines of once bullish crypto investors. But before you consider waiving the white flag and ditching your coins for good, take a look at this comparison between the top cryptocurrency by market cap and the S&P 500. Bitcoin is currently in a wave 4 flat correction. The current...

Nov 29 2021

Bitcoin Believer Jack Dorsey Steps Down As Twitter CEO, But For What?

Nov 29 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Reports have surfaced that Twitter CEO Jack Dorsey will be stepping down from his executive role with the company. But what might the Bitcoin supporter be focused on next and will it directly involve the leading cryptocurrency by market cap? CNBC: Jack Dorsey To Step Down At Twitter CEO According to CNBC’s David Faber,...

Nov 12 2021

Bulls Put On The ‘Spot’ As VanEck Bitcoin ETF Is Rejected

Nov 12 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin ETF season has come to an abrupt halt as the spot-based ETF proposal by VanEck has been rejected by the Securities and Exchange Commission. Here is a closer look into why the SEC rejected the proposal, what this means for future approvals, and what it could mean for the cryptocurrency's continued bull run. The SEC Denies VanEck Spot Bitcoin ETF...

Nov 11 2021

Miami Mayor Says City Will Give Every Citizen Bitcoin Dividends

Nov 11 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Miami Mayor Francis Suarez is a big supporter of Bitcoin, recently telling FOX Business that he would be taking his salary in BTC. He's also making it more attractive for citizens of Miami to get involved in the cryptocurrency by promising to be "the first city in America" to give a BTC yield paid out "as a dividend directly to its residents."...

Nov 09 2021

Apple CEO Tim Cook Holds Bitcoin And Ethereum As Part Of Diversified Portfolio

Nov 09 2021 Published at Bitcoinist.com under tags  apple apple ceo bitcoin btc btcusd

In a new interview, Apple CEO Tim Cook has revealed that he personally holds Bitcoin and Ethereum. He also believes that it is reasonable to own cryptocurrencies as part of a diversified portfolio. Here is everything else the influential tech executive had to say about the asset class and why this could be enormous for crypto. Tim Cook Owns...

Nov 05 2021

Time For Plan C? S2F Followers Expect $288K Bitcoin Price In Two Months

Nov 05 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Over the last several months, Bitcoin price has followed the creator of the stock-to-flow model's estimates shockingly close. The result is an even stronger rooted belief from followers of the pseudonymous figure that the cryptocurrency will finish the year strong. So strong, that a large share of his audience expects the year to end at prices around...

Oct 21 2021

deVere CEO: Bitcoin Cemented As “Mainstream,” “Investors Should Consider” Crypto

Oct 21 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

This week, Bitcoin price smashed its former all-time high setting off excitement across the finance industry. All eyes were once again on cryptocurrencies, including the founder of deVere Group – a firm with $12 billion under advisement. According to Nigel Green, CEO and founder of deVere Group, the new record "cements Bitcoin as a mainstream...

Oct 14 2021

SEC Tweet Sparks Fresh Speculation Over Bitcoin ETF Approval

Oct 14 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin etf btc btcusd btcusdt

Let the speculation begin! The official Twitter account of the United States Securities and Exchange Commission (SEC) has reissued a bulletin educating investors on "the potential risks and benefits" of a Bitcoin ETF or "fund" which has the cryptocurrency community...

Oct 07 2021

Bitcoin Is “The Loudest Monetary Fire Alarm” In Finance

Oct 07 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is above $50,000, during a time when the masses expected the top cryptocurrency by market cap to behave like a risk asset. Instead, it appears to be the one asset that has been able to survive the bearish sentiment shift due to the Evergrande situation in China. But that could be due to the cryptocurrency being what the...

Sep 23 2021

Twitter Integrates Bitcoin And Lightning In Tips Feature Update

Sep 23 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Social media superpower Twitter announced today its plans to begin a rollout of a Bitcoin tipping feature starting this week with iOS devices, and then later "in the coming weeks" with Android handsets. Using the new feature, users will be able to tip their favorite content creators, analysts, traders, influencers, and more. It also is yet another way...

Sep 20 2021

Nelson Saiers’ Inflatable Bitcoin Rat Is Back To Take On The Fed

Sep 20 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

In October 2018, a massive inflatable Bitcoin rat was erected outside of the United States Federal Reserve building by artist Nelson Saiers. Now, the former Managing Director for Deutsche Bank AG and hedge fund manager turned mathematical artist is back at it, as the Fed is up to no good once again. Here is a glimpse at what is going...

Sep 12 2021

Comparing Bitcoin Blockchain Data Size To Today’s Hottest Tech

Sep 12 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin is about as innovative of a technology as it gets. It quite possibly is the most important technology to ever exist, potentially more impactful than the internet before it. Without the internet, cryptocurrencies might never exist, but Bitcoin could forever change the face of money – and with it, control. As powerful and potentially as...

Sep 06 2021

El Salvador Buys 200 BTC, Vows To Buy More As Bitcoin Becomes Law

Sep 06 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is trading at around $52,000 per coin, just as the country of El Salvador has made its first ever purchase of BTC, according to President Nayib Bukele via Twitter. In addition, the driving force behind the top cryptocurrency becoming legal tender in the country for the first time is vowing to keep "buying a lot...

Sep 03 2021

This Perspective Shows What The Last Leg Up In Bitcoin Looks Like

Sep 03 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is back at $50,000. The market is still undecided about the ultimate direction the cryptocurrency moves next. But according to a repeating fractal pattern that has appeared again and again, the only direction for the next several weeks could be up. Here is a closer look at a side-by-side comparison that has appeared several...

Sep 01 2021

How Bitcoin Bulls Can Make September A Month To Remember

Sep 01 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is trading at around $48,500 after last night's August monthly candle close at around $47,150. Each monthly close is especially memorable, but bulls have a chance to make this September a month to remember. Past data from the month's price action says that September has been historically bad for...

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