News

Regulatory Concerns Put Bitcoin in Pullback Mode

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,

Bitcoin Tops $40,000 for the First Time Since June

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’s Price Slips Below $32,000 As Inflation Takes a Jump

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

Bitcoin’s Price Consolidates After China Crackdown

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

Bitcoin Hangs Tough Amid Negative Reports

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

Yet Another Bitcoin Price Slip

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

After a 2-Day Gain, Bitcoin Rejected at $38K

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 Hints “Green Mining” Solution and the Crypto Market Rallies

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,

The Market is in Fear After Latest Price Drops

Bitcoin’s price continues to drop. It has been over a week since the start of the sharp decline, and nothing good looms on the horizon. Bitcoin’s price drops have been dragging the crypto market with it, resulting in fear sells which make things even worse. According to research, the current