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Bitcoin (BTC) could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon. In a Twitter update on Thursday, PlanB, creator of the stock-to-flow family of BTC price models, cast fresh doubt on a Bitcoin bear move. PlanB focuses on “key” remaining months […]
The Cuban government is reportedly planning to recognize and regulate cryptocurrencies for payments. According to Aljazeera, the Caribbean nation’s central bank will establish rules for mainstreaming cryptocurrency transactions. Cuban authorities are also expected to distribute relevant licenses to businesses based on the crypto-related services they provide. Some sources claim that the move to allow cryptocurrency […]
Cryptocurrency veteran Bobby Lee is identifying what he thinks are the main factors that could stop Bitcoin’s price from hitting $1 million in the next three to five years. While exploring the probability of China declaring Bitcoin illegal, Lee says that such a ban is unlikely to occur in 2021, but that it could happen […]
China has reportedly doubled down on its crypto crackdown with a public reminder stating that Bitcoin (BTC) and other virtual currencies “are not legal tender and have no actual value.” In a local media briefing, Yin Youping, the deputy director of the Financial Consumer Rights protection bureau of the People’s Bank of China (PBOC), said […]
Bitcoin (BTC) hovered near $47,000 on Aug. 27 as traders took no chances on the day of the Federal Reserve’s Jackson Hole summit. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView End-of-month cold feet for Bitcoin traders Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating in a range centered on $47,000 during Friday. The past […]
The euphoria seen across the cryptocurrency ecosystem over the past couple of weeks was tampered down on Aug. 26 as an early morning attempt by bulls to push the price of Bitcoin to $50,000 was soundly rejected. Data from Cointelegraph Markets Pro and TradingView shows that following its rejection, the price of Bitcoin slid to […]
Cryptocurrency strategist and trader Scott Melker is analyzing how the price of Bitcoin may move over the coming days and weeks. Melker tells his 78,000 YouTube subscribers that Bitcoin (BTC) will likely face strong resistance just above the $50,000 level. The cryptocurrency analyst argues that the resistance level coincides with a key Fibonacci indicator number. […]
Banking behemoth Citigroup is reportedly working to offer its institutional clients Bitcoin (BTC) futures trading services. Citing an unnamed source who is familiar with the matter, Bloomberg reports that Citigroup is waiting for regulatory approval to start trading Bitcoin futures. Powered by CME Group, the world’s largest financial derivatives exchange, the Bitcoin futures contract is […]
Following an impressive run, the price of Bitcoin (BTC) firmly rejected $50,000 this week, casting some doubts on the resumption of the bull market. Cardano’s ADA, meanwhile, is finally showing signs of slowing down after doubling in two weeks. Resident experts Jordan Finneseth and Marcel Pechman take a deep dive into where we are in […]
Popular on-chain analyst Will Clemente is assessing the crypto markets after Bitcoin’s recent pullback. This week, Clemente told his 195,400 Twitter followers that he’s still bullish on Bitcoin (BTC) overall when looking at longer time frames. The analyst said, however, that a number of metrics indicated BTC could have a “pullback before continuation.” “I […]
