Understanding the Stagnancy of Bitcoin Price Bitcoin price continues to remain stagnant as selling pressure persists in the market. Bitcoin price fluctuating between $55,000 and $58,200 200-day EMA at $58,000 acting as a strong resistance Trading volume decreasing, indicating a prolonged consolidation phase Despite several attempts to break above key levels, Bitcoin has been trading […]
Bitcoin price will hit $330K this bull cycle — Analyst Institutions are buying as Bitcoin dips under $60,000 strengthens the long-term bullish outlook for BTC price. Smart money is accumulating Bitcoin How low can Bitcoin go before resuming its bull run? Independent market analyst Arsen remains unfazed by the recent dip in Bitcoin’s (BTC) price, […]
Why Leveraged Bitcoin ETFs Might Not Be the Best Option Leveraged Bitcoin ETFs have gained popularity, but they may not be the most effective way to trade crypto futures. Investors are putting millions of dollars into 2x leveraged BTC ETFs, hoping for a quick rebound in price. These funds do not hold BTC but use […]
Bitcoin Price CPI Gains Last Just 1 Hour as Mt. Gox Sell-Off Fears Linger A clutch CPI beat fails to buoy heavy crypto markets for long, with Bitcoin gaining then losing $1,000 within an hour. Bitcoin (BTC) spiked to new one-week highs on July 11 as United States macroeconomic data delivered a bullish surprise. Data […]
Decade after Ethereum ICO: Blockchain Forensics End Double-Spending Debate A decade after Ethereum’s initial coin offering, debates about manipulation tactics swirl on social media. Magazine conducted a joint investigation to determine if the ICO included double-spending of Bitcoin. Investigation found no double-spending in Ethereum’s presale but illicit origins of some funds. A decade after Ethereum’s […]
MicroStrategy Announces Stock Split MicroStrategy has revealed plans for a 10-for-1 stock split in order to improve accessibility for investors and employees. Key Points: MicroStrategy announces 10-for-1 stock split Goal is to enhance accessibility for investors and employees By splitting the stock, MicroStrategy aims to make it more affordable for a wider range of individuals […]
UK Regulator Warns Public About Fake Solicitor Bitcoin Scam Email scams requesting cryptocurrency have been gaining popularity among criminals around the world. The Solicitors Regulation Authority (SRA) in the United Kingdom has issued a warning about a new scam involving emails from fake lawyers demanding Bitcoin payments. According to an update on its website, an […]
BitMEX Anticipates No Further Fines for Previous AML Violation in the US BitMEX has addressed the DOJ’s charge under the Bank Secrecy Act (BSA) as a past issue, emphasizing the improvements in compliance and the penalties paid by the founders. Overview Cryptocurrency derivatives exchange BitMEX has dismissed its violation of the Bank Secrecy Act (BSA) […]
Bitcoin Traders ‘Under Pressure’ After Deepest Correction Since 2022 Erases Profits 83% of short-term Bitcoin traders saw losses after BTC price recorded its deepest drawdown since 2022. Bitcoin Experiences Deepest Correction Bitcoin (BTC) experiences the “deepest correction” in 24 months, impacting short-term holders (STHs) with unrealized losses, according to onchain data from Glassnode. Data from […]
Bitcoin Price Faces Potential Correction Analysts suggest that despite increased BTC whale activity, Bitcoin may be at risk of a significant downturn. Bitcoin has been in a downtrend since reaching an all-time high in March. The price action has shown lower highs and lower lows, hitting a two-month low of $53,500 on July 5. Recent […]
