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A new player has entered the game 🇸🇻

Bitcoin dropped below 30,000 euros, hitting a low around 27,000 euros. The price action seems confusing, as there is a lot of huge news brewing at the same time. Various South-American countries are looking into bitcoin. What’s happening?  El Salvador is flirting with bitcoin The president of El Salvador announced his intention to introduce a bill to make […]

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MicroStrategy to sell $ 400 million in bonds to buy more bitcoin

MacroStrategy LLC will have in its possession the 92,079 bitcoins that the company currently has. MicroStrategy, the business intelligence company, announced that it will offer $ 400 million in senior bonds to continue the acquisition of bitcoins (BTC). They also reported the creation of two new entities: MicroStrategy Services Corporation and MacroStrategy LLC. Through a […]

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Reasons why the next Bitcoin price rally might not be a sign of altcoin season

Many investors are relying on Bitcoin’s bullish rallies as a sign of the upcoming altcoin season, but the data suggests this strategy is wrong. On April 14, Bitcoin (BTC) hit an all-time high of $ 64,900 after racking up 124.5% gains in 2021. However, a 27.5% correction followed over the next eleven days, marking a […]

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Bitcoin Price D-Day Starts «Anytime», Claims One Trader, As BTC Recovers Key Level

Bitcoin has just touched a key moving average to continue its bull run. Bitcoin (BTC) is nearing the end of a period of consolidation that traders hope will trigger another bullish breakout. In a tweet on June 1, popular trader Crypto Ed became the latest voice in the expanding bullish movement by calling the limit […]

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Grayscale’s Bitcoin Trust premium rallied after the price of BTC fell below $ 35,000 – what does this mean?

Data released recently by Glassnode shows that institutions are returning to the Bitcoin market after the May 19 crash. Bitcoin (BTC) is down 44% from its all-time high of $ 64,899, signaling the end of its second-largest bull run that began in March 2020. Many analysts, including those at BiotechValley Insights, see «dire technicalities. «in […]

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Bitcoin bounces after week-long «capitulation event» resulted in $ 14.2 billion in losses

Bitcoin price briefly reaches $ 40,000 and Ether rises above $ 2,600, as traders regain their cool after the «historic deleveraging event» last week. Cryptocurrency traders were greeted by green markets on May 24, after most altcoins saw their prices rally after last week’s hair-raising drop, which was the «biggest deleveraging event since the liquidation […]

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Bitcoin whales took advantage of the recent price drop below $ 36,000 to accumulate $ 5.5 billion in BTC

Derivatives data shows that whales aggressively bought into today’s Bitcoin price drop, but that doesn’t mean that BTC has hit a bottom. The flow of negative news related to the regulation of Bitcoin (BTC) and cryptocurrencies has not stopped in the last two weeks. Today’s «FUD» news that did not cite any stocks and simply […]

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Worse than in March 2020? Bitcoin price falls below $ 33,000?

A «key level» comes into play when Bitcoin challenges long-term support lines and causes a big hit to long positions. Bitcoin (BTC) fell $ 8,000 in a matter of hours on Wednesday, as hodlers saw the return of levels not seen since early February. Bitcoin is coming for leveraged traders … again Data from Cointelegraph […]

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Has Tesla sold its bitcoins?

It has been more than 24 hours since Elon Musk tweeted about cryptocurrencies, so the market has been relatively quiet since then. Tesla has not sold any bitcoin   Last Thursday, the bitcoin price began its free fall to a monthly low of 35,000 euros. This price drop followed after Tesla CEO Elon Musk expressed concerns […]

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Elon moved the market

Elon moved the market  Last Thursday, Elon Musk tweeted that Tesla will no longer accept bitcoin as a form of payment. Tesla is concerned about the energy usage of bitcoin. The company will not be selling any bitcoin, but as you can see on the price chart below, the tweet left deep marks on bitcoin’s […]

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