Bitcoin’s price has recently experienced a pullback, leading to a downward movement. The coin failed to break above the 100-day Simple Moving Average (SMA) and the trend line, resulting in a drop of over 6% from its previous high. The price of BTC is currently trading around $62,972, which is 28% down from its all-time
The recent performance of Bitcoin has left investors feeling frustrated and impatient, with the premier cryptocurrency’s price still stuck in a consolidation range. Despite the completion of the halving event over a week ago, which was expected to bring bullish momentum to the market, Bitcoin has failed to show significant movement. Many investors have taken
The halving event on April 19 brought about a puzzling performance in the price of Bitcoin. Initially, BTC saw a significant gain of nearly 10%, reaching as high as $67,020 on April 24. However, in the following days, the digital asset experienced a decline of 6.49%, dipping below the $63,000 price mark. This negative performance
In a bipartisan effort, US Senators Elizabeth Warren and Bill Cassidy have called on US authorities to take decisive action against the use of cryptocurrency in the illegal trade of child sexual abuse material (CSAM). The senators highlighted the pseudonymity of cryptocurrencies as a key enabler for the movement of payments in the digital realm,
The recent launch of SPACEX, a meme coin developed by an Elon Musk enthusiast, has created quite a buzz in the cryptocurrency market. With a market price of $138 and a staggering 24-hour change of +78,940%, SPACEX has shown impressive gains and captured the attention of traders and investors. However, the sudden surge in price
The director of capital markets at Chainlink Labs has emphasized that traditional finance may not be the most ideal use case for tokenization. Instead, the real value lies in the tokenization of real-world assets (RWA), presenting a massive market opportunity within the blockchain industry. This shift towards tokenizing assets opens up a world of possibilities,
The Spot Bitcoin ETFs have recently faced a significant decrease in demand, leading to considerable outflows on April 26. Farside Investors reported that on April 25 alone, these ETFs recorded $217 million in net outflows, with Grayscale’s Bitcoin Trust (GBTC) accounting for the majority of these outflows by investors moving $139.4 million out of the
Bitcoin has been facing significant challenges as it attempts to recover above the crucial $65,500 resistance level. The cryptocurrency is once again experiencing downward pressure, with the potential for further losses below the $63,000 mark. Failed Recovery Attempt After hitting a support level of $62,750, Bitcoin managed to initiate a recovery wave, surpassing the $64,000
The Crypto Series of Poker is currently in full swing at CoinPoker, and there is a fantastic opportunity for one lucky player to win free entry to the main event on Sunday. The main event, which will take place at 18:30 GMT on April 28, boasts a guaranteed prize pool of $100,000 with a $500
Peter Schiff, a prominent chief economist and Bitcoin critic, has recently issued a somber prediction regarding the world’s largest cryptocurrency. In a cautionary X post, Schiff emphasized the importance of Bitcoin maintaining its stronghold above the critical support level of $60,000. He warned investors of the potential repercussions should BTC drop below these key levels,