Yesterday, bitcoin price saw a recovery wave above the USD 56,500 pivot level. However, BTC failed to continue higher above the USD 57,500 and USD 58,000 resistance levels. It started a fresh decline and it is currently (04:30 UTC) trading well below USD 56,000. Similarly, most major altcoins are showing a few bearish signs.
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The Federal Reserve Bank of Dallas president says bitcoin is clearly “a store of value.” Emphasizing the differences between cryptocurrencies, like bitcoin, and central bank digital currencies, he said the latter “won’t necessarily be a store of value.” Fed Bank Chief Calls Bitcoin a Store of Value The president of the Federal Reserve Bank of […]…
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After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC). Central Bank Clarifies Its Regulatory Framework on Cryptos […]…
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After bitcoin and a myriad of other crypto-assets tumbled in value on Sunday a number of significant whale movements took place. During the morning trading sessions on Sunday (EST), an old school miner transferred three decade-old coinbase rewards with 150 bitcoin worth more than $8.5 million. Later on in the evening, just before the transition […]…
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A screenshot of the new Grayscale ad. Source: A video screenshot, Youtube/Grayscale Investments Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investing news Evolve Funds Group is waiving the 0.75% management fee on its upcoming Ether ETF, ticker ETHR, until May 31, Bloomberg reported,…
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USD 9.9bn worth of trading positions in the crypto derivatives market were liquidated in the past 24 hours as the crypto market experienced a sharp sell-off on Sunday. More than USD 5bn of them are positions in bitcoin (BTC). Total liquidations: At around 03:00 UTC, BTC dropped from USD 59,000 to below USD 53,000, or the most in almost two…
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Financial regulators in South Korea will implement tougher rules for cross-border cryptocurrency transactions….
Continue reading on https://decrypt.co/66979/south-korea-to-combat-illegal-bitcoin-transactions
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The market sentiment has continued to make small steps upwards since last Monday, potentially breaking a record in the number of individual coins in the positive zone. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins is currently 6.36, compared to 6.27 we saw last week, per the data provided by the crypto market sentiment analysis site…
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Over the past 13 years, the world has seen innovation at its finest. The creation of Bitcoin, the development of cryptocurrencies, the launch of blockchain projects, Decentralized Applications (Dapps), and far more. To gauge the financial evolution of blockchain one need only consider the price of Bitcoin in 2013 and compare it to today.
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