Month: April 2022

Switzerland Has ‘the Most Profitable Bitcoin Traders’ Worldwide, While France ‘Is the Best Bitcoin Trading Nation’ – Bitcoin News

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According to a recent study published by the online investing news and education platform Invezz, Switzerland currently has the most profitable bitcoin traders worldwide. That’s according to data stemming from Chainalysis, Worldometers, and Triple A, which helped Invezz assign each country a score in terms of the most profitable bitcoin trading by country. Researchers Rank the Best Bitcoin Trading Nations and the Most Profitable Bitcoin Traders by Country This week, invezz.com researchers published a study that looks at the most profitable bitcoin traders by country by leveraging statistics from multiple…

Analysts say Bitcoin has ‘already capitulated,’ target $41.3K as the most hold level

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Traders’ struggle to build sustainable bullish momentum persisted across the cryptocurrency market on April 20 after prices slid lower during the afternoon trading session and ApeCoin (APE) appaers to be one of the few tokens that is defying the current market-wide downturn.  Data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt by Bitcoin (BTC) bulls to breakout above $42,000 was soundly rejected by bears, resulting in a pullback to a daily low of $40,825 before the price was bid back above $41,000. BTC/USDT 1-day chart. Source: TradingView Here’s a…

US Treasury Dept lists crypto mining firm in latest sanctions against Russia

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The United States Treasury Department has added Russia-based crypto mining services provider BitRiver and several subsidiaries as firms facilitating the evasion of sanctions.  In a Wednesday announcement, the Treasury Department’s Office of Foreign Assets Control, or OFAC, said it was taking action against BitRiver AG as well as 10 of its Russia-based subsidiaries, naming the companies as ‘Specially Designated Nationals’. Firms and individuals listed as such by OFAC have their assets blocked and “U.S. persons are generally prohibited from dealing with them.” According to the U.S. Treasury, the actions against…

Retail interest in crypto declines as investors search for the next big price mover

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One of the main narratives of hope for cryptocurrency investors is that there will be a major shift in public perception that sparks a new wave of capital from retail and institutional traders.  Unfortunately for these hopeful bulls, data indicates that the opposite has occurred for nearly a year, a fact evidenced by the declining rate of searches for the term Bitcoin (BTC) on Google. Google search volume for Bitcoin. Source: Google Trends A similar pattern is seen when looking at the search interest for the top smart contract platform Ethereum…

Bitcoin Fades from $42K; Alts Still Ahead as ApeCoin Pumps

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●Bitcoin (BTC): $41,196, −0.52% ●Ether (ETH): $3,070, −1.23% ●S&P 500 daily close: $4,459, −0.06% ●Gold: $1,959 per troy ounce, +0.19% ●Ten-year Treasury yield daily close: 2.84% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Original