Bitcoin Holds Tight in Range as Fed Decision Looms

Bitcoin is staying the same price while people wait for Wednesday. This is when the Federal Reserve will tell us what they are going to do about money, and this might make Bitcoin’s price go up or down. The cryptocurrency has been trading in a range of $39,400 – $41,300 since Monday’s European trading hours. The market is not moving ahead of the Fed meeting. People are waiting...

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Cryptocurrency Pairs to Watch: BTC, ETH, XRP

Bitcoin (BTCBTC) has reached the $41,250 resistance area.  Ethereum (ETH) is trading inside a symmetrical triangle. XRP (XRP) is following a descending resistance line. Curve DAO Token (CRV) and SHIBA INU (SHIB) have broken out from descending resistance lines. Chiliz (CHZ) is attempting to reclaim the $0.38 resistance area. Monero (XMR) is following an ascending support line. BTC Yesterday,...

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Value of Bitcoin Cash (BCH) Falls on Weak Upswing

Bitcoin Cash has been going up for the past three days. It reached $640 and is now going down because bulls, or people who want it to go up, are not able to break through the previous lower high of $640. Since the 27th of May, the price for the crypto has been falling. Sometimes it goes up and sometimes it goes down. But if people buy the cryptocurrency for more than $640, then it will try to go...

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Crypto’s Issues with Regulatory Agencies: Is it Illegal to Trade Bitcoin?

The head of Italian stock market regulator Consob, Paolo Savona, thinks that if cryptocurrencies are not regulated then it will cause problems and may bring damage to the way the market works. The head of the Dutch regulator CPB made a statement that Bitcoin needs be banned. “Crypto can prevent central banks from conducting monetary policy” Paolo Savona believes that digital currencies in...

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Tesla and Bitcoin are Back: Conversion Rate Optimization Strategies

Yesterday, the CEO of Tesla announced that his company will start accepting Bitcoin again. This is if and when people who mine cryptocurrencies use enough clean energy to make it worth Tesla’s time. People who want to use clean energy should use it more. Some people think that the number of people who can use clean energy should be 50%. Other people say that lots of Bitcoin is already made...

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Institutional Bitcoin (BTC) Investors to Watch: Price Volatility Predicted

Institutional investors are in the spotlight as they make an upcoming cashout date. This could cause new price volatility for Bitcoin. As noted by people on Twitter, people are talking about the Grayscale Bitcoin Trust (GBTC) as Bitcoin hovers near $40,000. July means BTC price volatility GBTC is a company that has a lot of money. It has over $24 billion dollars in its account. This investment...

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JPMorgan Strategists Reveal Concerns about Bitcoin’s Backwardation

Despite recovering some money in a few days, JPMorgan still has concerns about bitcoin’s price. In their most recent note, they said the difference between the spot and futures markets is their biggest worry for bulls. Backwardation is Still a Threat The price of a cryptocurrency that is a type of money has changed. It went up, then down. It went up, then down again. After the slump, some...

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Bitcoin Sets a New Record $37,500 – Higher than Dot-com

Bitcoin was very high at $38,000 on Thursday. The Basel Committee said banks can hold cryptocurrencies like Bitcoin. The top cryptocurrency has hit a high of $38,461 during the European hours. It is up by more than $37,500. The Basel Committee on Banking Supervision, which sets international banking standards, recommended stricter requirements for banks that hold bitcoin than stocks and...

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Bitcoin (BTC) Tests Resistance after Near 13% Rise on Wednesday

Bitcoin (BTC) had a big jump on Wednesday and so far it is up 13%. The next level of resistance is $40,000. It has stopped Bitcoin from going up a lot in the past two weeks. The short-term trend is looking better. Prices are going up after a series of lower high prices. The weekly chart is showing signs that the price might go back up soon. This could help stabilize the monthly price that has...

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IRS needs more resources to tackle the crypto industry

Charles Rettig, the head of the U.S. Internal Revenue Service, during a Senate Finance Committee hearing on June 8: We do need additional tools. We absolutely need additional resources. Rettig said that the IRS would like to work with Congress. The chief taxman says that most virtual currencies are designed to stay “off the radar.” The IRS is trying to get the records of its users...

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Price analysis 6/7: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH

United States Treasury Secretary Janet Yellen defended President Joe Biden’s latest spending package. She said it would be “a plus” for society even if it resulted in a higher interest rate environment. If rates go up, traders will try to find ways to protect their money. Gold, for example, is down 2.5% so far this year while Bitcoin (BTC) is up 22%. Even after the big drop in...

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Bitcoin Traded on PayPal Went from Zero to $300 Million in One Day!

On Wednesday, May 19th, 2021, there was a new all-time high in bitcoin trading volumes on PayPal. $300m #Bitcoin traded on PayPal last Wednesday. A new all-time high for the app! 🙌 pic.twitter.com/IZz70jWSYH — Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) May 29, 2021 In just one day, more than $300 million worth of Bitcoin was traded on the app. This was more than even that of...

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