Bitcoin price recently started a recovery wave after crashing below $50,000. The cryptocurrency is now back above $55,000, facing several obstacles near the $58,000 zone. This recovery comes after Bitcoin dipped below key support levels like $52,500 and $55,000, prompting concerns among investors about the digital asset’s future trajectory. Although there was a break above
admin
Bitcoin, the world’s leading cryptocurrency, has been experiencing a downward trend in price action recently. Despite this, analysts have identified key levels that could potentially impact future price movements. One such level is the $65,000 mark, which has attracted attention due to its significance in Bitcoin’s recent consolidation between $60,000 and $70,000. According to a
Bitcoin price has witnessed a significant decline in the past few days, breaking below key support levels. The price is currently trading below $55,000 and the 100 hourly Simple moving average, indicating a bearish trend in the market. This downward movement has raised concerns among investors and traders about the future direction of Bitcoin. Despite
Russian President Vladimir Putin expressed concern over the significant electricity consumption by Bitcoin and other crypto mining facilities in the country. He highlighted that this uncontrolled power usage has led to power shortages in regions such as the Irkutsk region, Buryatia, and Trans-Baikal Territory. Putin emphasized the severity of the issue, stating that it could
Aayush Jindal is a standout figure in the world of financial markets, with an impressive track record spanning over 15 years in Forex and cryptocurrency trading. His reputation as a trusted advisor and senior market expert is well-earned, as he navigates investors through the complexities of modern finance with his sharp insights and adept chart
A Bitcoin whale identified as 12QVs…oN2qo has recently made a significant move by withdrawing 5,800 BTC ($387.88 million) from Binance within just two days. This massive accumulation of Bitcoin suggests that the whale is confident in the future price appreciation of the cryptocurrency and is strategically positioning themselves to reap substantial profits when the value
Bitcoin price has recently experienced a downturn, with a test of the $65,500 support zone. However, the cryptocurrency is now showing signs of consolidation and a potential recovery wave. Despite trading below $68,000 and the 100 hourly Simple Moving Average, there is a possibility of a fresh increase if the price manages to clear the
American investment management firm VanEck has recently made headlines with its bold prediction for Bitcoin’s future price. The firm’s research team has set a price target of $52.38 million for the world’s largest cryptocurrency by the year 2050. This forecast has attracted a lot of attention due to its ambitious nature, as it far exceeds
Opeyemi is a dedicated individual with a strong passion for the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become absolutely captivated by it over the past two years. His dedication is evident in the unique pieces he creates, unraveling the complexities of blockchain technology and sharing insights on the
Senator Cynthia Lummis of Wyoming has recently spoken out against the Biden administration’s plan to impose a 30% tax on Bitcoin miners. She believes that this tax would be detrimental to the industry, stifling innovation and potentially forcing mining operations to move overseas. In a social media post on July 23, Senator Lummis stated that
