Day: March 25, 2022

New $45K BTC sell wall appears amid worries Bitcoin could retrace

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Bitcoin (BTC) was up nearly 5% in 24 hours at the Wall Street open on March 25, but a new warning sign was giving traders cold feet. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitfinex whale flips to sell mode Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD hitting multi-week highs of $45,137 on March 25 as Wall Street got underway. As $45,000 reappeared for the first time since the start of the month, however, so did all-too-familiar behavior among some of Bitcoin’s biggest investors. Attention turned to exchange Bitfinex…

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Court Dismisses Craig Wright’s Case Against Bitcoin Developers

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A U.K. court has dismissed a case against Bitcoin developers by Craig Wright. The court says that Tulip Trading Limited has not established a serious issue to be tried on the merits of the claim. Wright and TTL could still appeal against the decision. Craig Wright’s case against Bitcoin developers may have been dismissed by the court, according to a court filing. Wright and his company Tulip Trading Limited (TTL), filed a case against 16 Bitcoin developers over funds related to the Mt. Gox exchange hack. The crux of the…

BTC Surges to $45,000, as Russia Considers Accepting the Crypto for Oil & Gas – Market Updates Bitcoin News

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Bitcoin moved past its $45,000 price ceiling, after it was reported that the Russian government was considering accepting it as payment for energies. The news sent BTC to a 24-day high, whilst ETH also climbed to a five-week peak. Bitcoin BTC was trading almost 5% higher on Friday, as markets reacted to the news that Russia was considering accepting it as payment for oil and gas. Following a low of $42,753.56 during Thursday’s session, BTC/USD climbed to an intraday high of $45,046.08 on Friday. This is the highest price bitcoin…

Bitcoin-only brokers on freedom and finance

In Europe, “Bitcoin only” is a growing trend, as more and more consumers and companies are hardening their resolve that Bitcoin (BTC) is the only digital asset worth holding.  Bitcoin-only exchanges and brokers are places to stack sats, not “gamble” on Ether (ETH), or trade “garbage” that looks like “venture investments.”  That’s according to the CEOs of major Bitcoin-only exchanges and brokers, including CoinCorner, FastBitcoins, Relai, Bittr, Pocket Bitcoin and Bitcoin-lyon. Cryptox spoke to the CEOs and founders of these European Bitcoin brokers to find out why they are Bitcoin only,…

Vanuatu Prime Minister says yes to Satoshi Island crypto project

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It’s not every day that a country’s leader endorses a cryptocurrency project. Nayib Bukele, the President of orange-pilled El Salvador, was the first leader to endorse Bitcoin (BTC).  Now, the Prime Minister of Vanuatu, the Honourable Bob Loughman, has officially given the green light to Satoshi Island. The Vanuatu government approval, which Satoshi Island was happy to share with Cointelegraph. Source: SI Satoshi Island is the megaproject crypto utopia in the South Pacific, which recently disclosed to Cointelegraph the vision, progress and preparation. Hot on the heels of news that…

Bitcoin rallies overnight despite warnings from Powell – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin dropped yesterday, after Federal Reserve chairman Jerome Powell spoke about soaring inflation, before then rallying 6% overnight. Powell said that “inflation is much too high” and that the U.S. central bank is willing to raise rates more aggressively. In addition, Powell said that the federal funds rate could be raised higher than the traditional 25 basis points (bps) raise. The market reacted negatively to this, as we have been anticipating 25 basis point rate hikes this year so that we…

Risk Assets Resilient to Faster Rate Hikes, 1994 Cycle Suggests

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