Bitcoin

Bitcoin 60k
Hello $60K: Bitcoin News and Development as BTC Price Surges

US SEC may approve the first futures bitcoin ETF this week. El Salvador’s bitcoin app Chivo is receiving more USD to buy bitcoins compared to BTC withdrawals. Square is considering creating a distributed bitcoin mining system. It appears the bears will hibernate earlier than expected, as Bitcoin price returned to $60,000 and is close to exceeding its all-time high (ATH).  BTC/USDT 1-day chart (source: TradingView) At the time of writing, Bitcoin price is at $62,262.86, according to CoinGecko. Here are various mainstream Bitcoin news and developments that may have contributed to the strong market position of the crypto. First Futures

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Bitcoin Bull Market
Bull Market Already? Bitcoin Price $60K, Ethereum Price $3.8K

Bitcoin price recently hit $60,000. Ethereum price is nearing $4,000 once again. The crypto space is ecstatic, as the crypto prices of major assets are showing bullish performances. For a brief moment, Bitcoin price reached $60,000, a price that it has touched last May before going into a massive plummet. At the time of writing, BTC price is at $59,907.43, according to CoinGecko. Currently, Bitcoin’s price action is well above the 50-day and 200-day Simple Moving Averages (SMA). This shows that the BTC price has performed satisfactorily in the last weeks. The asset may only be gaining enough support at

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Bitcoin Aids Afghan People in Difficult Times

Bitcoin enables people in Afghanistan to send money seamlessly BTC has become one of the primary modes of payment in the country Bitcoin played a vital role in the challenging event that the country of Afghanistan is currently facing. Specifically, Bitcoin provides an efficient way for people in Afghanistan to spend and transfer their money seamlessly. Furthermore, Bitcoin also brings hope to the people in the country that do not have a bank account.   In an interview with the Thomson Reuters Foundation, Mahboob, a founder of the non-profit Digital Citizen Fund explained: “It wasn’t feasible – or safe – to

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Weekly-Crypto-Market-News-Round-Up
Weekly Crypto Market News Round Up

McDonald’s China Creates Its Own NFT Despite China Crypto Ban Axie Infinity Reaches 2m Players Amid AXS Price Surge and More The crypto space is slowly getting better as days go by. In fact, it is seen that the crypto space has been pumping its market cap in the past few days. At the time of writing, the market cap of the entire crypto market amounts to over $2.4 trillion with a 24-hour growth rate of almost +1%.  The surge of Bitcoin is also one of the hottest topics in the crypto space in the past few days. This is

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Bitcoin Miners Begin Accumulating BTC
Bitcoin Miners Begin Accumulating BTC, Sparks New Bullrun

Bitcoin miners have begun to accumulate Bitcoin after weeks of selling.  This is a clear indication that Bitcoin is heading towards its next bullrun.  Crypto analysts are certain that Bitcoin will moon in the next few months. In lieu of Bitcoin breaking its $48,000 resistance point and soaring up beyond $50,000, the crypto and Bitcoin community seems to be joyously back on track. One example of this new firepower is the fact that Bitcoin miners are back to accumulating Bitcoin.  As we can see from the image attached to this tweet from Twitter user Tamil Crypto School, Bitcoin miners have

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Bitcoin Lightning Network
Bitcoin Analyst — Lark Davis, Says Bitcoin Will Hit $200K

Bitcoin breaks the $48,000 resistance mark and is moving towards $50,000.  Crypto trader and analyst Lark Davis says Bitcoin could hit $200,000 in a few months.  He also commends Bitcoin for the opportunity it’s bringing to El Salvador. As the price of Bitcoin soars back up and breaks beyond its $48,000 resistance point, the crypto community rejoices. At the time of writing, Bitcoin has surpassed the $49,000 mark and is racing towards $50,000 and beyond.  Many analysts over the past quarter have been preaching about Bitcoin hitting $100,000 by the end of 2021. In fact, many are certain that this

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Bitcoin-BTC-Continues-to-Rally
Bitcoin (BTC) Continues to Rally, Slowly and Steadily

Bitcoin (BTC) will hit another bull run. PlanB believes the bull run will end after 6 months and not at 2021’s end.  BTC holders should go long. As we enter Q4, many crypto analysts are certain that the road to recovery is very much in tow. In particular, seasoned crypto trader and analyst — PlanB, shares his analytical prowess with his opinion on Bitcoin’s price chart.  In detail, PlanB says that he finished an on-chain analysis. To highlight, he says that we are midway towards the second leg of the bull market. In his opinion, there is not a single

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El Salvador Buys 150 Bitcoins
Presidential Advice: El Salvador Buys 150 Bitcoins Amid Market FUD

El Salvador has purchased additional 150 bitcoins. In total, the country’s treasury now possesses 700 bitcoins. President Nayib Bukele announced the news amid widespread market FUD. Despite current market FUD, El Salvador President Nayib Bukele announced that the country has purchased additional 150 bitcoins. With the addition of the mentioned coins, the country now holds a total of 700 BTC in its national treasury. President Bukele backed up his tweet, saying “they can never beat you if you buy the dips.” He also added that it is “presidential advice”. BTC/USDT 1-day chart (source: TradingView) The crypto market has suffered a

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Reese Witherspoon Hits Like on Bitcoin Articles
Reese Witherspoon Hits Like on Bitcoin Articles. New Celebrity to Crypto Soon?

Reese Witherspoon recently interacted in Bitcoin articles. The articles were written by Lolli Head of Comms Aubrey Strobel. Reese has yet to confirm whether she owns cryptocurrency or is planning soon. Award-winning actress Reese Witherspoon recently interacted with articles that focus on chief cryptocurrency Bitcoin. While nothing is definite at the moment, this could hint that the actress is interested in the top cryptocurrency. According to a post by Aubrey Strobel, the actress interacted with her Bitcoin-related articles. Strobel is the Head of Communication of Lolli, a crypto rewards application that partners with shopping platforms. She is also the host

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MicroStrategy Buys $242.9M Worth of Bitcoin
MicroStrategy Buys $242.9M Worth of Bitcoin. Golden Cross Soon?

MicroStrategy has bought an additional 5,050 BTC for $242.9 million. The crypto market recently experienced another dump in September. A potential Golden Cross is forming. Bitcoin’s foremost institutional backer MicroStrategy announced that it has purchased an additional 5,050 bitcoins for $242.9 million in cash. According to CEO Michael Saylor, each BTC was purchased at an average of $48,099 per piece. Currently, the firm is now holding and managing a total of 114,042 bitcoins, which would amount to about $5 billion at the time of writing. MicroStrategy’s recent Bitcoin buy was welcome news within the crypto community, as the market is

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El Salvador Buy the Dip
Crypto Market Flash Crash Makes El Salvador Buy the Dip

Bitcoin plunges below $50k Investors forecast Bitcoin to reach over $500k in the future.  Bitcoin, the king of cryptocurrency, again experienced a bearish dip as it dropped its price below $50k. This bearish performance of Bitcoin was felt on every corner of the crypto market. Hence, the market capitalization of the crypto market amounts to $2.1 trillion, which has been down by -9.4% in the past 24 hours. Truly, this behavior of the market recently gives chills to investors and traders around the world.  Aside from Bitcoin, some crypto assets such as XRP, LINK and DOGE also experienced the wild

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Iran Resumes Crypto Mining in September
Bitcoin Regains $50K Foothold As Iran Resumes Crypto Mining in September

Iran will approve crypto mining in September. The lifting of the ban will only be for approved crypto mining firms. Meanwhile, Bitcoin price has reached $50,000 again. Bitcoin price is back at $50,000, amid recent news that Iran is undergoing preparations to approve crypto mining activities of authorized miners possibly in September. The announcement was made by Tavanir, the country’s foremost energy corporation.  Previously, the country banned crypto mining even for firms that have received approval from the government. According to the country’s leadership, this was due to power issues given the energy sucked by crypto mining farms for their

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