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In the past few weeks, Bitcoin’s price rose completely unexpectedly. The price climb continued since Monday, although it stalled in the mid-$40K range in the midst of a bullish momentum. It’s clear that the sentiment is bullish at the moment, with Bitcoin getting close to testing the $50,000 mark. While
It’s been a rollercoaster week for Bitcoin after it unexpectedly rushed forward toward the $40,000 resistance level and over it 10 days ago. It hit a high of over $42,000 on July 30 before the price began consolidating. It’s still a far cry from the June lows of under $30,000,
After a few tough months, Bitcoin has started flying once again. For the second time this year, its price is fueled by comments by billionaire magnate and Tesla CEO Elon Musk. You probably know the story with Tesla’s Bitcoin romance so far. The company bough around $2.5 billion worth of
Bitcoin has all but erased its 2021 gains after falling below $30,000 yet again on Monday. The largest cryptocurrency by market volume experienced a massive drop amid calls for a tighter crackdown on cryptos and stablecoins. The EU has just announced plans to make crypto transfers traceable, and in the
Bulls seem largely absent from the market after Bitcoin’s price experienced yet another drop to the critical support level of $32,000. Back in June, it slipped under $30K for a moment. This was followed by another slip below the $32K mark which was seen as a negative sign by many
For the past few months, China has been cracking down on Bitcoin hard. The Asian juggernaut has introduced the digital yuan to the public, and right after that, it has aimed to defeat any opposition. With Bitcoin being the biggest threat to the digital yuan, China’s crackdown focused on miners
While the Bitcoin headlines have largely been negative lately, it seems there’s a ray of hope. The biggest cryptocurrency by market volume is on a small rally that gives bulls hope that the price will soon make a bigger jump. Currently hovering over $34K, Bitcoin’s rally is on its third
The Bitcoin market is clearly in a downward trend, after yet another major price decline among a brutal sell-off. The sell-off was initiated after the unveiling of the Colonial Pipeline attack by hacker group DarkSide. FBI officials have managed to recover part of the $5 million ransom paid to the
The Bitcoin crash continues this week as well. For the past month, BTC has been sent on a downward spiral, although the short-term technical indicators show a bullish trend. For all its tries, Bitcoin has simply been unable to climb past the $40,000 mark. After a recent 2-day gain, the
Elon Musk has been of a great influence for all those Bitcoin miners and investors, and while this has been deteriorating for crypto prices over the past few months, finally, we have some good news. After Musk mentioned that he has been discussing with Bitcoin miners about renewable energy solutions,