Bitcoin

Bitcoin Holds Short-Term Support; Faces Resistance at $41K

Upside momentum has been weak, which means the corrective phase from May is not yet complete.

Markets  ·  17 June 2021

Bitcoin Holders Become Net Buyers for First Time Since October as ‘Death Cross’ Looms

"The data show HODLers are buyers here," one research firm noted.

Markets  ·  17 June 2021
Bitcoin

World Bank Denies El Salvador’s Request for Technical Assistance on Bitcoin

The financial institution cited environmental concerns.

News  ·  17 June 2021
Bitcoin

Market Wrap: Bitcoin Declines as Fed Projects Interest Rate Rise in 2023

The U.S. central bank also increased estimates of coming inflation to 3% from the 2.2% projection in March, largely due to transitory factors.

Markets  ·  16 June 2021
Bitcoin

Bitcoin Hashrate Drops to 6 1/2-Month Low After China Mining Crackdown

The Bitcoin network's processing power could rebound if miners relocate to other locales, one analyst predicts.

Markets  ·  16 June 2021
Bitcoin

Bitcoin Upside Fades; Lower Support at $34K

BTC faces slowing momentum as buyers struggled at resistance. Upside limited with lower support at $34K.

Markets  ·  16 June 2021
Bitcoin

Bitcoin Enters Wait-and-See Phase Ahead of Fed Statement

Wednesday's Fed policy statement is likely to see a binary market reaction.

Markets  ·  16 June 2021
Bitcoin

Adopting Bitcoin as Legal Tender Could Ruin El Salvador’s Economy, Economist Says

Bitcoin holders elsewhere could suck up all the dollars in El Salvador "like a vacuum cleaner."

News  ·  16 June 2021
Bitcoin

Stripe Co-Founder Is ‘Enthusiastic’ About Bitcoin, 3 Years After Ending Its Support

John Collison said all approaches to cross-border transactions, including crypto, need to be pursued in "parallel."

News  ·  16 June 2021
Bitcoin

Market Wrap: Attempts to Push Bitcoin Above $40K Stall

Some analysts are optimistic while others prefer to see stronger signs of upside momentum before calling a bottom.

Markets  ·  15 June 2021
Bitcoin

Most Fund Managers Say Bitcoin Still in a Bubble: Bank of America Survey

The results are up six percentage points from last month’s data, indicating sentiment on Wall Street has turned more bearish.

Markets  ·  15 June 2021
Bitcoin

Open Positions in Bitcoin Futures Rise to 1-Month High

Open interest rose to $13.1 billion after being in the $10.5 billion to $13 billion range.

Markets  ·  15 June 2021
Bitcoin

Hunt for Yield: Wrapped BTC Now Holds More Than 1% of Bitcoin’s Circulating Supply

The trend shows how some savvy crypto traders have pivoted to salvage or maintain returns even as bitcoin's price tumbled.

Markets  ·  15 June 2021
Bitcoin

Bakkt Allows Users to Send Bitcoin, Gift Cards From Its Wallet

New functionality allows users to email crypto assets to people who don’t use the app.

News  ·  15 June 2021
Bitcoin

3 Things to Watch for Before Calling a Bitcoin Bottom

The Fed's dot plot may show rate hikes before end-2023 versus the March projections that signaled none until 2024, one analyst said.

Markets  ·  15 June 2021