BTC

Bitcoin-is-Up-Amid-FED-Rate-Increase-and-Recession
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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CoinShares Predicts Bitcoin Pump Amid Economic Recession

CoinShares sees that Bitcoin will rally amid economic recession. In particular, BTC will benefit from increasing interest rates and a weak dollar. The firm considers BTC as a “good insurance policy” amid the market uncertainty. CoinShares, a pioneer in digital asset investing, believes that the recession in the United States could lead Bitcoin into a bullish trend. In a Twitter thread post, CoinShares expound how the meeting of economic factors and government policy decisions are going to benefit Bitcoin, specifically in terms of its performance as the US enters the recession. The digital asset management firm predicts that Bitcoin will

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Addresses Holding 0.1+ Bitcoin Hit a New All-Time High

The number of addresses with 0.1 or more bitcoin has reached a new all-time high of over 3.7 million. This is a very positive sign for the future of cryptocurrency. Bitcoin’s market dominance is currently at 67.7%. The number of addresses holding 0.1+ bitcoin just hit a new all-time high of over 3.7 Million. That’s an increase of roughly 1 Million addresses in just the past six months. This is a testament to the growing interest and adoption of Bitcoin, as more and more people are becoming aware of its potential as a store of value and investment asset. The

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Increased Risk Sentiment Might Prompt Bitcoin’s Sell Off

Market events, such as FOMC meeting, CPI and employment data, might trigger a strong crypto sell off. In addition, the US is now in recession. Bitcoin’s price today shows strong support despite these events. Over the past week, Bitcoin experienced a downward trajectory after running into the $24,000 resistance. The recent upward run of Bitcoin, as it slowly recovers from June’s meltdown, continuously retests the resistance.  However, recent market events show Bitcoin’s unreliability and there’s a high chance it might lose its support. These events include the Federal Open Market Committee (FOMC) meeting and reports such as Consumer Price Index

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Bitcoin-is-Up-Amid-FED-Rate-Increase-and-Recession
Bitcoin is Up Amid FED Rate Increase and Recession

The FED announced another rate hike increase on Wednesday. The US enters a “technical” recession. Yet, Bitcoin’s price is holding at the $23k mark, up 2.65% in the last 24 hours. The crypto market was expected to be shaky this week, especially after the US entered recession and the US Federal Reserves raised interest rates by 0.75% on Wednesday.  The Federal Reserve announced on Wednesday another increase of its interest rate in an effort to fight inflation. According to the government’s press release, the unemployment rate has remained low in recent months. However, the elevated inflation has caused imbalances in

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Cynthia Lummis is Still Bulish on Bitcoin

Cynthia Lummis mentioned that she is still bullish on Bitcoin. The senator is not alone in her bullishness on Bitcoin. She thinks that the long-term prospects for bitcoin are excellent. Reports have arisen with a US senator, Cynthia Lummis mentioning that she is still bullish on Bitcoin because she believes in the long-term potential of the technology. While the short-term price movements are always hard to predict, She thinks that Bitcoin has a lot of upside potential in the long run. With more and more people becoming aware of Bitcoin and its benefits, the senator believes that the Bitcoin price

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Chance at Bitcoin and Crypto Recovery Seems Closer Than Expected

Twitter’s crypto community holds its breath as Bitcoin (BTC) charts approach MACD cross. The community hopes to see a speedier recovery for the crypto market.  Bitcoin (BTC) seems to be in better sentiment since the reigning FUD last month. Bitcoin could head into a stronger bullish signal if it can hold its present momentum. This observation comes from Lark Davis, active crypto trader and investor, who holds popularity in the Twitter crypto community.  In detail, Davis points to the Bitcoin price charts as we can see from the tweet above. He states that Bitcoin (BTC) is growing closer to hitting

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Bitcoin Network has transferred $17.78T in 2022 already
Netherlands Announces Listing a New Spot Bitcoin (BTC) ETP

The Netherlands announces the listing of a new spot Bitcoin (BTC) ETP.  Twitter’s crypto community is happy to see more crypto adoption across the globe.  Collectively, the community hopes more nations like the US will follow suit. Twitter is celebrating the wider adoption of Bitcoin (BTC) once again today thanks to an announcement in the Netherlands. In detail, the Netherlands just announced the listing of a new spot Bitcoin (BTC) ETP within its nation.  As we can see from the tweet above, the popular Bitcoin (BTC) Twitter profile — Bitcoin Magazine, posted about Netherlands’ decision. Furthermore, the tweet goes on

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Big Brazil Equities Broker Offers BTC and ETH Trading Services

One of Brazil’s renowned equities brokers has joined the Bitcoin (BTC) revolution. XP Inc will soon offer Bitcoin (BTC) and Ethereum (ETH) crypto trading services. The offer will be available to clients from mid-August, more assets will join by 2022 end. Brazil joins the Bitcoin revolution as one of the biggest Brazilian equities brokers — XP Inc, made a huge decision. In detail, XP Inc will soon offer its customers the chance to trade Bitcoin (BTC). To highlight, it will start with 3.6 million customers in August.  To begin, the Brazilian brokerage will open its digital trading platform by initially

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