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Bitcoin News

Analyst says Bitcoin price sell-off may occur as Chinese language New Year approaches

On January. 29 Bitcoin ( BTC ) price briefly rallied to $38, 500 before retracing the particular move and spending most of the day struggling to claim back $35, 000.   The wild large in Bitcoin price has partially been attributed to Elon Musk changing his Twitter profile to simply “#Bitcoin, ” which Musk subsequently […]

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Bitcoin News

Crypto in the Philippines: Necessity may be the mother of adoption

Binance’s Changpeng Zhao describes the Philippines as “one of the most active crypto communities in Asia” and it’s the perfect way last but not least the country’s blend of higher adoption amid relatively reduced affluence. With GDP spending power of less than $10, 000 per head each year, this nation of 7, 100 islands is […]

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Bitcoin News

Expert: Chinese New Year could drive Bitcoin selling pressure

The upcoming Chinese New Year holidays on Feb. 12 could have an indirect impact on the Bitcoin ( BTC ) price and drive sell-offs on the market, according to a recent analysis. Per a Jan. 28 report by cryptocurrency investment firm Stack Money, the ongoing selling pressure on the Bitcoin price will probably continue in […]

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Bitcoin News

Guggenheim says institutional demand not enough to keep BTC above $30K

Guggenheim’s Scott Minerd has come out along with another gloomy price perspective for Bitcoin stating that there is not enough institutional demand to maintain the asset over $30, 000. The chief investment officer of the financial services firm told Bloomberg Television the institutional investor foundation was not big enough to sustain the current prices. “Right […]

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Bitcoin News

Bitcoin price drops under $30K as ‘moment of truth’ arrives, says trader

Bitcoin ( BTC ) retested the $30, 1000 support on Jan. 27 as a day of failures culminated in violation of the psychologically significant price level. BTC/USD 1-minute candlestick chart (Bitstamp). Source: Tradingview BTC price spooks among GameStop row Data from Cointelegraph Markets and Tradingview   showed any kind of bullish momentum left in Bitcoin […]

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Time for a crypto GPU? Players and miners spar over scarce top hardware

The rise of cryptocurrencies over the past few months, specifically with the onset of 2021, has certainly catapulted the crypto niche into the mainstream. While traders buy and sell and try to calculate how much this or that currency has grown by and as large investment money predict that Bitcoin ( BTC ) will soon […]

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Bitcoin News

2 things may result in a Bitcoin blow-off top, says on-chain analyst

David Puell, an on-chain analyst and the creator from the Puell Multiple, believes 2 things could cause Bitcoin ( BTC ) to see a temporary top this particular cycle. The particular analyst pinpointed the U. S. government potentially challenging unrealized gains and the possible approval of a Bitcoin exchange-traded fund (ETF) could cause BTC’s momentum […]