Learn How Trade Crypto
Initial support is seen at $40K-$42K, which could stabilize the pullback. Bitcoin (BTC) sellers were active over the weekend as the cryptocurrency’s price dipped below the 200-day moving average at $45,000. Initial support is seen in the $40,000-$42,000 range where a breakout occurred on Aug. 6. The $50,000 resistance level was tested several times over […]
Earlier today (September 9), Rick Rieder, a Managing Director at BlackRock, the world’s largest asset manager, explained during an interview why his firm owns some Bitcoin. BlackRock, which was founded in 1988, started with just eight people working in one room. It made its Initial Public Offering on the New York Stock Exchange on 1 October 1999 at […]
In a show of support, crypto proponents are buying $30 worth of bitcoin to commemorate the occasion known colloquially as “Bitcoin Day.” Bitcoin is now officially legal tender in El Salvador, three months after the Bitcoin Law passed the country’s legislature. While the move marks a world-first, El Salvador’s President Nayib Bukele said in a tweet the […]
Morgan Stanley’s recent purchases would make the investment bank the second-largest holder of Grayscale Bitcoin Trust (GBTC). In brief Morgan Stanley is one of the largest investment banks in the U.S. It’s increased its GBTC investments by a considerable sum. Many Bitcoin users hold themselves in opposition to big banks. One of the biggest, Morgan […]
The max pain price for Friday’s bitcoin options expiry is $44,000. Bitcoin is again experiencing moderate price turbulence heading into the monthly options expiration. The cryptocurrency is trading at about $47,000 at press time, representing a 4.4% drop on the day, CoinDesk 20 data show. The decline has reversed Wednesday’s 2.7% gain and exposed bitcoin to […]
Bitcoin (BTC) buyers continued to take profits during Asia hours as short-term overbought signals appeared on the charts. The cryptocurrency is trading around initial support at $47,500 at press time and is down about 3% over the past 24 hours. A lower support zone between $42,000-$45,000 could stabilize the pullback. Bitcoin four-hour price chart shows […]
The dollar may depreciate after Friday’s event, triggering renewed inflows into bitcoin and equities. Bitcoin has chalked up an impressive rally ahead of the Federal Reserve’s annual economic symposium in Jackson Hole, Wyo., on Friday. Analysts say the virtual event could strengthen cryptocurrency’s bullish trajectory. Bitcoin was trading at a three-month high of $50,200 at press […]
“The institutional world is turning cautious on stocks and that is making cryptocurrencies look very attractive,” said one analyst. The world’s largest cryptocurrency is up 6% over the last 24 hours and has broken the $48,000 mark for the first time since May. At press time, bitcoin (BTC, +4.72%) was trading at $48,748 according to CoinDesk 20 data. […]
The popular bitcoin rewards startup is using augmented reality (AR) in a bid to make crypto fun for the masses. Crypto rewards app Fold is trying out a new way to get its users excited about bitcoin (BTC, 0%): an augmented-reality crypto scavenger hunt in the style of “Pokémon GO.” Fold’s AR feature allows users to explore their […]
The SEC chair spoke of the agency’s desire to “stitch together” consumer protection for tokens sold as securities and tokens sold as commodities. The U.S. Securities and Exchange Commission (SEC) needs clear authority over platforms that trade or lend crypto, Chair Gary Gensler said. Talking to CNBC’s Squawk Box Wednesday, the SEC chair spoke of the agency’s […]