China Declares all Cryptocurrency Transactions Illegal
Yesterday, the not so shocking news of China banning almost all crypto-related activities turned the market red. Subsequently, Bitcoin fell almost 4% to $42,150 and Ethereum had a steep 8% decline. A vast majority of altcoins had a relatively similar reaction. However, there are some peculiar points to consider regarding the news and the subsequent […]
Bitcoin Price Analysis and Predictions; September 23, 2021
Bitcoin price finally surpassed the $42,000 resistance level. It is likely for BTC to break through the $44,000 pretty soon. Here is a summary of Bitcoin price in the past 24 hours: Bitcoin broke through the $42,000 and $43,000 resistance levels. Currently the price is still below the $44,000 and the 1-hour candles are below […]
SEC’s Gary Gensler skeptic of Crypto, Signals Crackdowns
SEC’s Gary Gensler has further cleared their stance on Cryptocurrencies and stablecoins in a recent Interview with the Washington Post. And the unsurprising answer is, Skeptic! During this interview, the Securities and Exchange Commission Chairman addresses two primary subjects of cryptocurrencies (private money) and stablecoins. With not so witty dramatic analogies, Gensler regards the crypto […]
Evergrande and China Responsible for the Dip
One primary cause for the extremely bearish crypto market is perhaps the downfall of Evergrande and its possible impact on Chinese economy. Amidst the bullish tweets and articles written by “top crypto analysts”, very few people pay attention to the broader fundamental connections of the crypto market. Evergrande, China’s second largest construction company is in […]
Bitcoin Price Analysis and Predictions; September 20, 2021
And once again, Bitcoin price failed to surpass $48,500. Currently the price is adjusting and moving up toward $46,000. By remaining above $45,000 the upward trend is likely to continue. Here is a summary of Bitcoin price in the past 24 hours: Bitcoin price failed to surpass $48,500 and started a new downward trend. Currently, […]
PayPal Expands Cryptocurrency services in the UK
PayPal UK announced on Friday that the users are now able to buy, hold and sell four cryptocurrencies. This announcement comes only a few months after PayPal US declared the same expansion. PayPal Accepts Four Cryptocurrencies As of now, users have access to only Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). Furthermore, […]
Bitcoin Price Analysis and Predictions; September 18, 2021
Having failed to surpass $48,500, Bitcoin price had to back down as low as $47,000 on Thursday. At that point, it found support once again and climbed back to $48,000. Once again, it failed to surpass $48,00 and it is back again at $47,000 getting support by the SMA100. Today, BTC is moving upward and […]
Bitcoin Price Analysis and Predictions; September 15, 2021
Bitcoin price is on a roll. It managed to surpass $46,000 but had to back down after touching $47,500. Here is a summary of Bitcoin price in the past 24 hours: Bitcoin surpassed the $45,600 and $46,200 resistance levels Currently, BTC is over $46,500 and the 1-hour candles are above the SMA100. For the 1-hour […]
MicroStrategy Goes on a Bitcoin Shopping Spree!
The business intelligence company MicroStrategy announced yesterday that they’ve purchased another 5,050 Bitcoins. Michael Saylor, the CEO of MicroStrategy and famous Bitcoin maximalist, made the announcement on Twitter. This shopping spree has been going on since 2020 as the company has been selling shares to accumulate on BTC. With a staggering total of 114,042 Bitcoins, […]
Bitcoin Price Analysis and Predictions; September 13, 2021
Bitcoin price is currently ranging below $46,000. In case of losing the $46,200 support level, BTC could have a major dip. Here is a summary of Bitcoin price in the past 24 hours: Bitcoin price has to break through the $46,000 and $46,200 resistance levels. Currently, BTC is below $46,000 and the 1-hour candles are […]
Ukraine, the Latest Country to Legalize Cryptocurrencies
Ukrainian parliament finally passed a bill that was set in motion in 2020 to legalize and regulate cryptocurrencies. In a unanimous vote, 276 members have now approved the bill for execution as Ukraine opens up to cryptocurrencies. Cryptocurrencies in a Gray Area Ukraine joins a select group of countries to finally acknowledge the popular demand […]
Bitcoin Price Analysis and Predictions; September 11, 2021
Bitcoin price failed to surpass the $47,000 resistance level and started a new downward trend. In case BTC manages to break from the top part of the triangle, there is a chance for short-term bullish run. Here is a summary of Bitcoin price in the past 24 hours: The $46,200and $45,500 levels failed to support […]