Bitcoin Now Aims at $40,000 After Breaking Through Resistance
After breaking through the important consolidation channel Bitcoin (BTC) is now heading to reach the $40,000 price BTC Aims At $40,000 Bitcoin’s long-awaited breakout from the consolidation channel may herald a rally above $40,000, which would be a major reversal signal for the digital gold, which has been in a downtrend since November. Bitcoin has […]
Bitcoin Options Market Shows Major Downside Risks Over The Next Few Months
Following the steady trade of Bitcoin at a low price in recent times, Glassnode has predicted a further decline in the price for the next 3 to 6 months. Bitcoin (BTC), the world’s largest cryptocurrency, is still under heavy selling pressure. On Monday, May 23, the Bitcoin price fell 3%, falling below $30,000 despite a […]
What Does It Mean For Prices If Bitcoin, Ethereum Have More Unique Holders?
As their prices hovered around support levels, Bitcoin (BTC) and Ethereum (ETH) saw a rise in unique addresses. Concerns over a market meltdown have kept the two largest cryptocurrencies at their respective support levels for several weeks. The BTC price has fallen twice in the last two weeks, briefly to near $38,000 level before rapidly […]
This Historic Event Is Dipping Bitcoin’s (BTC) Price, What’s Next?
Bitcoin’s (BTC) recent losses saw it fail a crucial test, where it was supposed to stabilize above $50k before the mid-halving correction event on April 11. The token failed to pass a crucial $50,000 resistance level despite surging above the $48k level earlier this month. If the token had strengthened, the cycle of price weakness […]
UniCredit Fined for Illegally Closing Crypto Mining Company’s Account
UniCredit, an Italian banking firm, has been fined $144 million for allegedly closing accounts belonging to a crypto mining company. Following a case brought by a subsidiary of the crypto mining business Bitminer Factory, a district court in Banja Luka, Bosnia, and Herzegovina, has determined that UniCredit’s branch office in the nation would pay a […]