Cryptocurrency Analysis and News Portal
Bitcoin remains on the offensive, thanks to ProShares Bitcoin Strategy ETF’s strong debut on the New York Stock Exchange earlier this week. The cryptocurrency bounced to $66,400, having found bids near $64,000 during the Asian hours.Analysts foresee a rally toward $86,000 in the coming weeks. However, it may not be
Read More
The government of Kyrgyzstan has recently revised its electricity tariffs for various groups of consumers. Authorities in Bishkek have raised the rates at which crypto mining businesses buy power citing the energy-intensive nature of the coin minting process. Crypto Miners in Kyrgyzstan to Pay More for Electricity Companies operating crypto mining
Read More
According to the Wall Street Journal, central bank digital currencies (CBDCs) could actually negatively impact interest rates by giving policymakers an additional tool. In his article, "Digital Currencies Pave Way for Deeply Negative Interest Rates," senior columnist James Mackintosh argues that the difference between a CBDC and cash would be highlighted if
Read More
Bitcoin’s price plummeted over 10% on early Tuesday, as El Salvador announced that it would officially accept the major cryptocurrency as the nation’s legal tender. According to CoinMarketCap, Bitcoin’s slump from Monday accelerated as the crypto failed to hold its $50,000 price level — sliding from $51,000 to $44,700 within a
Read More
Data shows funding rates for Bitcoin have turned positive, a signal that might indicate market sentiment is bullish among traders. Bitcoin Funding Rates Turn Positive, While Derivative And Spot Reserves Move Down As pointed out by a CryptoQuant post, the funding rates seem to be slightly positive for the BTC market right
Read More
The Fed chairman said that it will continue with its monetary easing policy through 2023 with no major hikes in interest rates. BTC price gained 6% post Powell’s comments. Giving a brief of the US Economic Outlook on Wednesday, March 17, Federal Reserve Chairman Jerome Powell said that
Read More
According to a recent poll carried out by IBD/TIPP, more Americans are now willing to get vaccinated immediately when it becomes available to them.If there is one question that everybody in the world is seeking an answer to now, it is the question of “when will the coronavirus pandemic end?”
Read More
Bitcoin has suffered two straight days of selling, bringing the price close to below $31,000. Also, ether funding rates for leveraged positions are cooling after a very heated few weeks.Bitcoin (BTC) trading around $31,850 as of 21:00 UTC (4 p.m. ET). Slipping 8.9% over the previous 24 hours.Bitcoin’s 24-hour range:
Read More
Bitcoin has seen some intense selling pressure throughout the past 12 hours that has caused it to shed thousands off its price This move came about following a failed attempt by bulls to send it up to highs of $38,000 yesterday The rejection here confirms that BTC is still firmly range-bound, with
Read More