In the news today, El Salvador announced it would give $30 in Bitcoin to all its adult citizens to promote the adoption of Bitcoin as the 2nd national currency. A breakdown of this border puts 30208 at risk, with a potential drop towards 24050 marking the endpoint of the measured move. On the other hand, […]
In my opinion, the technical failure twinned with the latest announcement probably means the Bitcoin price is heading lower. Of course, this isn’t the first time an official has called for Bitcoin to be banned, and I’m sure it won’t be the last. He also provided research and execution services for Goldman Sachs, JP Morgan, […]
An aggressive sell-off in late April pushed the Bitcoin price back below $50k for the first time since early March. A broader crypto market recovery has been staged over the last 2 weeks. Below the market, support is seen at the 4th and 5th of April lows of $53,000. He also provided research and execution […]
The Bitcoin Cash price is paring some of the losses it made during the American and Asian sessions. What happened: Bitcoin Cash, like other altcoins, has a close correlation with Bitcoin. And in the overnight session, Bitcoin declined as more investors rotated from BTC to Ethereum. So, what next for BCH price? In my view, […]
Whilst Bitcoin may well be the market leader in valuation terms, Ethereum has outperformed its big brother by a huge margin since starting trading. With the price currently trading at $2,947, it appears to be only a matter of time before ETH crosses the $3,000 threshold. ‘Bitcoin dominance has continued to fall in line with […]
The last trading week of April saw a marked reversal in the fortunes of Bitcoin . Risk assets adopted a bid tone as the Central Bank signaled no immediate adjustment in the rate of asset purchases. The business intelligence firm holds 91,000 Bitcoin on its books. He also provided research and execution services for Goldman […]
Besides that, early adopters continue to invest in the “digital gold.” This week, MicroStrategy, one of the biggest holders of Bitcoins, announced it had purchased a further 253 coins recently. Because Bitcoin is the most important of them all, one may assume that the vast majority of those clients have also traded Bitcoin at one […]