Bitcoin

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All Eyes Now on Bitcoin as Bearish Wedge Comes Into Play

The crypto market displays a bearish movement as leading cryptocurrencies take a dip. Bitcoin’s Rising Wedge pattern has come into play, which is also reflected by the RSI. Meanwhile, US President Joe Biden has signed the IRA into law. The crypto market’s supposed rally is now treading on thin ice, as primary cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) fail to maintain their key support areas.  For instance, after failing to establish support at $25,000, Bitcoin is now trading at $23,383.19. Meanwhile, Ethereum is changing hands at $1,833.78, according to CoinGecko. As seen on the chart above, BTC price has formed

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Crypto Analyst Predicts Bitcoin (BTC) to Flow Soon
Crypto Analyst Predicts Bitcoin (BTC) to Flow Soon

A renowned crypto analyst says Bitcoin will flow soon.  This is likely because stock patterns are reaching that of its 2021 performance.  In comparison, Bitcoin (BTC) could be showing the same patterns. PlanB has once again created a stir within the Twitter crypto community. This time, the long time Bitcoin (BTC) and crypto trader, analyst, and investor goes on the compare the present performance of stocks to that of Bitcoin (BTC). In detail, @100trillionUSD draws the attention of the Twitter crypto community with a new chart that highlights the performance of investments since 2011. Specifically, the analyst predicts that stocks

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Bitcoin Network has transferred $17.78T in 2022 already
Masses Trust Bitcoin (BTC) More Than Central Banks

Tweet reveals how the public has more faith in Bitcoin (BTC) than in central banks.  Over 30,000 BTC was added to exchanges in the last 30 days.  Brazil’s XP launched its Bitcoin exchange to its 3.6 million customers. The crypto community on Twitter confirms that they have more faith in Bitcoin than they do in central banks. To highlight, the following statement was confirmed by a tweet from Bitcoin Magazine. The tweet received over 3,200 likes and 1,500 retweets in under 7 hours. This is clearly a sign that many agree with the statement. More so, it affirms the Bitcoin

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Bitcoin Hits 25K, Can Soar to 28K, Analyst Says
Bitcoin Hits 25K, Can Soar to 28K, Analyst Says

Bitcoin hits $25,000 level for the first time in nine weeks. The largest cryptocurrency retested $25k thrice before staying at 24k level. Yesterday’s increase has received mixed comments from financial analysts. On late Saturday, Bitcoin hit the $25,000 level for the first time since June 13. The largest cryptocurrency by market capitalization retested the $25,000 resistance level three times after drawing back to $24,000 level. This means that $25,000 is the new key resistance level for BTC. Even though Bitcoin has slowly walked up from the 20,000 level to 24,000, the largest cryptocurrency is still down 64% from its November

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Launch Cart Partners with OpenNode
Launch Cart Partners with OpenNode to Allow BTC Payments For Firms

OpenNode partners with Launch Cart to allow Bitcoin payments for eCommerce firms. The partnership will make use of Bitcoin Lightning Network payments. Launch Cart will also launch a wholesale dropshipping marketplace named “Source and Sell.” Leading eCommerce software-as-a-service (SaaS) platform Launch Cart partners with OpenNode, a Bitcoin payment processor, to allow any businesses by the help of Launch Cart’s platform to accept Bitcoin as payment. In a tweet, Bitcoin Archive stated that Launch Cart will be integrating Lightning Network payments, Bitcoin’s second layer that utilizes micropayment channels to enhance the blockchain’s ability to transfer more efficiently. According to the press

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Ether Exceeds $3,000 After Struggling in Last 2 Weeks
US Inflation Rates Fall, Bitcoin and Ethereum on the Rise 

The US inflation rate fell from 9.1% in June to 8.5% in July. Both Bitcoin and Ethereum shot up in price during this time.  Ethereum (ETH) continues to recover much faster than Bitcoin (BTC). It seems cryptocurrencies are on the rise again. According to US CPI data, the reason could be in thanks to falling inflation rates. In particular, it looks like the US inflation rate fell from 9.1% in June to 8.5% in July.  Indeed, this is great news for the world as a whole. After all, the second quarter of 2022 led to continuous increase in multiple goods.

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Bitcoin and Ethereum Smash New All-Time High at the Same Day
Bitcoin, Ethereum Retrace in Preparation for Big Rally

The crypto market suffered a retracement despite a bullish weekend. Bitcoin may have found a floor price, according to JP Morgan. Ethereum may also return to $2,000 soon. Despite a bullish weekend that set a buying frenzy among traders and investors, the crypto market experiences a retracement. Most major assets like Bitcoin (BTC) and Ethereum (ETH) suffered a big dump, showing that a rally is not on the horizon anytime soon. As seen on the chart above, Bitcoin is struggling to establish a foothold at the $24,000 price level. In fact, BTC price was only within $24,000 for two candlesticks

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Bitcoin and Cryptocurrency Will Outperform Other Technologies

A chart on Twitter compared Bitcoin’s technology to other technologies.  The chart explains how new Bitcoin technology is in comparison to other technologies.  It highlights the high potential of Bitcoin technology and incites thoughts of its possibilities. An interesting observation led to a sparking discussion on crypto Twitter. In detail, Bitcoin Magazine shared a graph on Twitter that led to a conversation about the speed at which Bitcoin and its technology would and is being adopted.  As we can see from the graph in the tweet, Bitcoin Magazine draws attention to how new Bitcoin (BTC) is in terms of technology.

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Bitcoin Back Over $24K, Less Than 2M BTC Left Unmined

Crypto Twitter is a buzz as the price of Bitcoin (BTC) is back up over $24,000. The price of Bitcoin (BTC) has gone up by 37% in just 8 weeks alone.  The number of Bitcoin ATMs worldwide has increased by 40x since 2017. The crypto Twitter community is in a complete frenzy as the industry is overjoyed by Bitcoin (BTC) finally kicking into bullish gear. After a couple weeks of steady price increase, the pioneer cryptocurrency has finally broken through the $24,000 threshold.  At the time of writing, the price of Bitcoin (BTC) is $24,136.7. This is an increase of

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Down With Fiat, Bitcoin Blesses Developing Countries

Bitcoin (BTC) and cryptocurrency proves a blessing to developing nations.  Reddit users express how crypto transfers can and have changed their lives. It offers a steady option that local banks fail to deliver. Bitcoin came to be to give the world a fair chance at financial freedom and equality. So far, Bitcoin adoption has brought in incredible change around the world. Yet, there are still many who are skeptical about the technology as they do not understand it.  According to the Reddit thread CryptoCurrency, Bitcoin and crypto transfers will always pose a better option than fiat transactions. In detail, a

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Micheal Saylor to Transition to Executive Chairman

Bitcoin’s Michael Saylor is leaving his role as the CEO of MicroStrategy. Phong Le will take over as the CEO from his post as President. The changes are expected to take effect on Aug. 8. Michael Saylor, a maximalist in the Bitcoin (BTC) camp, has announced that he will leave his post as president and CEO of MicroStrategy, the company he helped create in 1989. In a filing with the U.S. Securities and Exchange Commission (SEC), Saylor said he would relinquish his role as CEO but remain with the business intelligence software firm as its executive chairman. MicroStrategy announced that

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Bitcoin Drops $33K, Predictions to Hit $10K This Year
Bullish Bitcoin Hangs on Turbulent Political Standoffs

Crypto analysts debate the place of crypto over the next few weeks. Digital currency may sink or swim depending on various factors in play.  Most of these factors include geo-political tensions around the world. The previous week has been good to the crypto community. Both Bitcoin (BTC) and Ethereum (ETH), the powerhouses of the crypto sector, are showing bullish signals. Accordingly, many investors experienced decent pumps.  On the other hand, this week seems to be dealing strife to the crypto community. Just yesterday the Nomad Token Bridge lost almost $200 million in a crypto hack. In addition, Solana underwent a

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