Cryptocurrency Analysis and News Portal
With so much FUD floating the Bitcoin and crypto market, many have wonder if the recent price action was the result of a “coordinated attack”. Writer Rob O’Neill believes there are 4 potential main theories that could possibly explain recent events with institutions and “the ultra-rich” as the main catalyzers. O’Neill
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The amount of Bitcoin (BTC) being deposited into crypto exchanges has hit a one year highThe new pattern is the result of Elon’s comments that Bitcoin mining is not energy efficientBitcoin has since struggled to maintain the $50k supportHowever, there are some Bitcoin whales scooping up the sold BTCThe amount
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When it comes to bitcoin, MicroStrategy is looking for more. This comes after buying over 20,000 BTC in the first quarter of the year, at an average cost of roughly $52K (for a total cost exceeding $1B). Now, the business intelligence firm led by Bitcoin advocate Michael Saylor is adding
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The rug was just pulled across crypto, wiping out gains from the past week and then some. Bitcoin is now back at prices from March, and is at risk of falling deeper into a bear phase according to a fractal found in the recent price action. What’s notable, is that the
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However, Elon noted that Tesla will not sell the existing Bitcoin investment as they plan to use it once the mining shifts to renewable and greener energy sources. Bitcoin price slid as much as 15%, below $50,000, after Elon Musk halted Tesla Inc (NASDAQ: TSLA) purchases with the
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MicroStrategy has bought 271 Bitcoin for $15 MillionEach Bitcoin was bought at an average price of $55,387MicroStrategy now holds 91,850 Bitcoin purchased at a total of $2.241Billion and at an average entry price of $24,403The Bitcoin is now twice the initial investment at $4.592 BillionBitcoin is currently attempting to reclaim
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Bitcoin price declined over $10,000 against the US Dollar after Elion Musk’s tweet. BTC is now correcting losses, but the previous support near $52,000 could act as a hurdle. Bitcoin started a major decline from well above $55,000 and it even traded close to $45,000 The price is now trading well below
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Bitcoin, Ethereum, and just about every other asset on the planet trades against the dollar on its most liquid trading pair, and the greenback is the base currency that all exchanges rates are based on. The power and influence of the almighty dollar cannot be understated, and the crypto market could
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The SEC has issued a statement advising investors to be cautious when trading Bitcoin futuresThe statement went on to describe Bitcoin as being highly speculativeThe SEC believes that the Bitcoin futures market should be pursued only by mutual fundsThe advisory by the SEC could be a precursor to rejecting pending
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Bitcoin price recovered losses and surpassed the $56,550 resistance zone against the US Dollar. BTC is likely to rally if there is a close above $58,000 and the 100 hourly SMA. Bitcoin remained strong above $54,000 and it climbed above $56,550 The price is now facing resistance the $57,500 level and the
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