Category: Bitcoin

U.S. House Representative Bill Foster says the US should work to ensure it can unmask crypto investors and reverse transactions. Foster, a Democrat from Illinois, says in a new interview with Axios that criminals are wising up to the fact that because Bitcoin’s transaction ledger is public, BTC is not a great tool for illicit

Senator Cynthia Lummis says that Bitcoin (BTC) allows Americans to diversify their assets amid concerns that the value of the US dollar may decline.   Despite the US dollar’s dominance as the world’s reserve currency, the legislator from Wyoming tells her 34,700 followers on Twitter that current government spending is threatening its value.  I believe

Several metrics indicate Bitcoin is ripe for a reversal, according to on-chain crypto analyst Will Clemente. Clemente tells his 126,400 Twitter followers that Bitcoin Perpetual Futures funding has been negative recently, which he says is a bullish signal.   “Funding has now been negative for 11 days straight. Translation: Shorts are paying longs to keep

Bitcoin (BTC) needs to stay above $29,000 to preserve the bullish case in the short term, famous trader Peter Brandt has warned. In a tweet on July 1, Brandt, well known for his shrewd BTC price calls in recent years, warned that the onus was on bulls to show Bitcoin’s strength. Brandt: Bitcoin daily performance

JP Morgan analyst Nikolaos Panigirtzoglou is sharing his thoughts on the current Bitcoin price action, hinting that the top cryptocurrency’s current bear phase may be coming to an end. In a new interview with CNBC, Panigirtzoglou says that over the past few weeks institutions appear to be reallocating funds from other cryptocurrencies back into Bitcoin,

As major miners are leaving China one after another following the country’s crackdown on Bitcoin (BTC), Galaxy Digital CEO Mike Novogratz has echoed other experts in seeing the migration out of China as a positive development. Novogratz explained on Bloomberg that despite China’s attempt to undermine Bitcoin — like banning mining, banning leverage, and even

As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has signed a new law introducing an extra levy for crypto miners. President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed last a new law that imposes an additional tax fee for energy utilized by crypto miners operating in the country. The new fees

Bitcoin (BTC) closed its third red monthly candle in a row this week as a popular analyst likened BTC price action to January 2019. In a tweet on July 1, PlanB said that BTC/USD is now the furthest away from his stock-to-flow model’s estimates in over two years. Stock-to-flow “make or break” After May’s huge

Bitcoin (BTC) faced fresh losses on July 1 as attention focused on an impending test of an important  support zone.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No price breakout for Bitcoin Data from Cointelegraph Markets Pro and TradingView tracked a 5% decline in BTC/USD overnight on Wednesday. As Cointelegraph reported, eyes are now on an

Real Vision founder and macro analyst Raoul Pal says a historic transfer of wealth is coming as money flows out of legacy finance into Bitcoin and crypto assets.  In a new interview with podcast host Natalie Brunell, the macro guru offers his perspective on the future of finance and says that crypto will lay the