Tag Archives: BTC

Bitcoin Struggles Below $40K; Upside Limited as Trend Weakens

Bitcoin Struggles Below $40K; Upside Limited as Trend Weakens

Bitcoin (BTC) failed to sustain moves above $39,000 last week, which was followed by a series of lower price highs. There is strong resistance around $37,600 which could limit upside this week. At press time, the largest cryptocurrency was changing hands around $36,500. While the long-term uptrend remains intact, slowing momentum and tighter trading ranges […]

Record ‘Grayscale Discount’ Might Mean Bargain Bitcoin for Retail Traders

Record ‘Grayscale Discount’ Might Mean Bargain Bitcoin for Retail Traders

Anyone with a stock account can now make a savvy (albeit risky) bet on GBTC pricing disparities, previously exclusive to big players. A closely tracked ratio in cryptocurrency markets known as the “Grayscale premium” flipped earlier this year to a discount, and it widened this week to a gaping 21%, the most on record, according […]

Bitcoin Sell-Off Could Stabilize Around $42K Support

Bitcoin Sell-Off Could Stabilize Around $42K Support

BTC remains under pressure and could find lower support near $42K as long-term momentum wanes. Sellers remained active on Wednesday as bitcoin (BTC) dropped below $50,000 after Tesla halted acceptance of payments for new vehicles in the currency. The cryptocurrency was trading around $49,400 at press time and could find lower support around $42,000. Long-term momentum continues […]

MoneyGram to Allow Bitcoin Buying and Selling Across Retail Network

MoneyGram to Allow Bitcoin Buying and Selling Across Retail Network

The money transfer company will debut cash-for-bitcoin trades at 12,000 locations after linking up with Coinme. MoneyGram International said Wednesday it will allow customers to buy and sell bitcoin (BTC, +2%) for cash at 12,000 U.S. retail locations through a partnership with Coinme. The cash transfer company plans to introduce bitcoin trades in 20,000 stores across 32 states […]

Buying Your First Crypto? 10 Things You Should Know

Buying Your First Crypto? 10 Things You Should Know

Between dogecoin’s cameos on U.S. television and bitcoin’s growing acceptance on Wall Street, cryptocurrency is reaching a wider audience than ever before. Skyrocketing prices are surely tempting to newcomers, but they should be aware of the risks before jumping in. If you just started paying attention to cryptocurrency and are wondering whether to invest, here are 10 things you need to […]

Bitcoin Stabilizes Near Support; Resistance Around $56K-$58K

Bitcoin Stabilizes Near Support; Resistance Around $56K-$58K

Bitcoin (BTC) has fully recovered from Thursday’s price drop of almost 5%. The cryptocurrency was trading around $54,000 at the time of writing after holding support at around $52,000. The short-term trend is improving, although there is strong resistance around $56,000 and $58,000 that could limit upside into the weekend. The relative strength index (RSI) […]