Streaming tokens are performing exceptionally, meanwhile, Bitcoin is stuck under $60K. To exacerbate Bitcoin’s situation, whale transfers to retailers suggest the onset of a short-term bear trend. Since Bitcoin topped $60K to reach an ATH, the digital asset has found it hard to retain profits above this. Consequently, the retracement to the $55K regions, perceived temporary, bulls have been unable to find a way to the $60K levels. Meanwhile, for streaming tokens, the situation is much more positive. The largest cryptocurrency in the world has struggled to come out of…
Month: March 2021
Treasury Department and IRS Say New Stimulus Payments Will Reach Bank Accounts by Mid-Week
Although some people have received the payments through direct deposits, the IRS said that a “large” volume of qualifiers for the second batch of payments would receive theirs through the mail. The Treasury Department and Internal Revenue Service (IRS) have announced that a new batch of stimulus payments will reach bank accounts by the 24th of March. The Treasury Department and IRS revealed updates on the stimulus payments on the 22nd of March. US president Joe Biden signed the $1.9 trillion stimulus package as the relief bill for the coronavirus on the…
Wolf of Wall Street Jordan Belfort Makes Bullish Bitcoin Comments, Predicts BTC to Reach $100,000
Jordan Belfort has turned from being a Bitcoin critic as he predicts that BTC will continue to pull in gains and cross the $100,000 milestone. Jordan Belfort, the self-proclaimed Wolf of Wall Street, has stated some bullish comments on Bitcoin and the stock market. Before now, the Wolf of Wall Street was a Bitcoin critic, always stating bearish statements on the king coin. In his speech, he said that Bitcoin is “free from the distortion of effectively printing more of your own corporate cryptocurrency.” Jordan Belfort Bullish that Bitcoin Would…
Bitcoin slumps as Treasury yields and the Dollar rise again
The price of Bitcoin (BTC) is struggling to break past $51,000 on March 8 as the U.S. Treasury yield is rising again while the U.S. Dollar Index (DXY) is at the highest levels in over three months. The global stock market, including equities in the U.S. and Asia, have pulled back in tandem as the Senate’s stimulus approval sparked inflation fears. BTC (orange) vs. DXY (green) vs. Treasury yield (blue). Source: Tradingview Why is Bitcoin dropping off of inflation fears As Welt market analyst, Holger Zschaepitz, explained, the bond market…
Bitcoin Turns Attractive Above $50K, Why BTC Extend Its Rally
Bitcoin price gained bullish momentum above the $50,000 resistance against the US Dollar. BTC traded towards $52,000 and it remains supported for more upsides. Bitcoin started a fresh increase above the $50,000 and $50,500 resistance levels. The price is now trading well above $50,000 and the 100 hourly simple moving average. There is a key rising channel forming with support at $50,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct a few points, but the bulls are likely to protect $50,000 and…
Microstrategy Now Hodls 91,064 Bitcoins at $24,119 Per BTC
In summary: Microstrategy has purchased 205 additional Bitcoin for $100 million bought at $48,888 each The company now holds 91,064 Bitcoin at an average entry of $24,119 The $47k Bitcoin price area is a level of macro support that has seen the movement of 500k BTC If Bitcoin fails to hold $47k, chances are that $42k is next The software company of Microstrategy has purchased an additional 205 Bitcoins for roughly $100 million. Each BTC was purchased at an average value of $48,888 bringing the total of Bitcoin owned by…
Bitcoin Price Under $50K Now, BTC Correcting Again
On Thursday, March 4th, Bitcoin is correcting after a phase of growth. It is generally trading at $49,500 USD. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of BTC/USD BTC capitalization now is nearing 1 trillion USD. PayPal is planning to buy a crypto depository service. On W1, BTC now keeps correcting in an uptrend. The aim of the growth after the pullback is over is 62,000 USD. The MACD histogram remains positive and keeps growing, giving yet another signal for the growth of the price. The signal lines of…