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...
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...
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...
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...
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...
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...
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,...
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...
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."...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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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