Day: October 4, 2021

‘I Don’t Want Other Currencies Coming Out and Hurting the Dollar’ – Featured Bitcoin News

Former U.S. President Donald Trump has commented on the growing popularity of cryptocurrencies and the crypto crackdown by the Chinese government. He reiterated his anti-crypto stance: “I don’t want to have other currencies coming out and hurting or demeaning the dollar in any way.” Donald Trump Comments on Crypto and China’s Crackdown Former U.S. President Donald Trump commented on the growing popularity of cryptocurrencies and the Chinese government’s crypto crackdown in an interview with Yahoo Finance’s Adam Shapiro, published Monday. Trump was asked: “You have a relationship with the Chinese…

How to Earn Free Bitcoin As A Beginner Without Investment 2021 (Step by Step Tutorial)

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Crypto Roundup: October 4, 2021

Bitcoin has started October with a bang, exploding towards $50K in hope of a long-awaited ETF approval. The leading crypto added 10% in just a few hours on Friday, as traders cheered for “Uptober” and celebrated the support of some of the loudest regulatory voices. Securities and Exchange Commission (SEC) chairman Gary Gensler renewed his backing for a Bitcoin Futures ETF on Wednesday, and Fed chair Jerome Powell said on Thursday that the central bank has no plans to ban cryptoassets. Meanwhile, Tezos hit all-time highs above $9 on NFT…

Who Really Wants Corporate NFTs?

Last week, TikTok announced its first foray into the world of non-fungible tokens (NFT) with “TikTok Top Moments” – a set of digital collectibles tied to short videos from Lil Nas X, Grimes, Bella Poarch and more. For the NFT business, it felt like a big deal. Crypto is fueled by social media and star power, and companies recognize the need for reputable celebrities to legitimize the tech. TikTok, already a partner of the blockchain-backed music streaming service Audius, was making its crypto ambitions clearer than ever. This article is…

As Bitcoin Staggers, This Indicator Suggests Hope For Bulls

Bitcoin has been moving on a sideways trajectory after a decline from the $49,000 area. The first cryptocurrency by market seems to be displaying conviction, as the bears are unable to retake control of the current price action. Related Reading | Bitcoin Price Blasts Off With 10% Move, But Is This The Start Of More?  At the time of writing, BTC trades north of $48,000, a critical support zone that could support a fresh jump into previous highs. Although in lower timeframes there has been some “crab like” action, higher timeframes…

Bitcoin moves past $49K as Facebook, Instagram, and WhatsApp go down

Major social media and communication platforms Facebook, Instagram, and WhatsApp went offline Monday as the price of Bitcoin and other cryptocurrencies surged. As data from Cointelegraph Markets Pro shows, the Bitcoin (BTC) price moved above $49,000 after falling to a daily low of $47,166, an increase of roughly 4.5% in less than two hours. Similarly, the price of Ether (ETH) rose 3.5% over the same period to reach $3,411 at the time of publication. The sudden price volatility comes as major social media platform Facebook, photo and video sharing app…

Axie Infinity hits a new ATH at $155 while Bitcoin bulls aim for $50K

The wider cryptocurrency market fell under pressure on Oct. 4 as the momentum generated by Bitcoin’s (BTC) weekend spike above $49,000 was overshadowed by more global concerns related to the global financial system, rising inflation and supply chain challenges.  Despite these struggles, many altcoins managed to rally and at the time of writing, the crypto gaming and decentralized finance sectors continue to grow in popularity. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers…

Bank of America Launches Research for ‘Too Large to Ignore’ Digital Assets — CoinDesk

“Bitcoin is important with a market value of ~$900bn, but the digital asset ecosystem is so much more: tokens that act like operating systems, decentralized applications (DApps) without middlemen, stablecoins pegged to fiat currencies, central bank digital currencies (CBDCs) to replace national currencies, and non-fungible tokens (NFTs) enabling connections between creators and fans.” Source

Crypto Funds Draw $90M in New Money as Confidence Returns

Digital asset investment products attracted $90 million in new money in the seven days last Friday, the seventh straight week of inflows. Bitcoin-focused funds took in $69 million, according to a report published Monday by CoinShares. It was the third straight week of inflows for bitcoin funds, pushing the cumulative intake over the period to $115 million and cementing a trend reversal from the prior few months when redemptions were the norm. “We believe this decisive turnaround in sentiment is due to growing confidence in the…