Day: June 16, 2022

Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

Crypto traders had a brief opportunity to pause and take stock of where things are on June 16 as the relentless selling that has hammered Bitcoin (BTC) and the wider market over the past week began to relent despite an ongoing sell-off in the traditional markets.  Data from Cryptox Markets Pro and TradingView shows that after climbing to a high of $23,000 in the early trading hours on June 16, the price of Bitcoin slowly trended down on diminished trading volume to hit a low at $20,765. BTC/USDT 1-day chart.…

BITCOIN BTC BULL RUN CONFIRMED?? BTC PRICE PREDICTION ANALYSIS | BITCOIN NEWS TODAY

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin BTC has continued to be bullish today following the previous analysis we provided about the potential breakout following the elongated consolidation. There is an ongoing pattern occurring on the daily chart which may lead to some volatile price action in the coming few weeks. ➡️ Bybit for Trading (Up to $4,100 FREE + 30% Fee Discount) ➡️ ➡️ Join our VIP Coin Coin Calls Group to Follow Our EXACT Trades! ➡️ ➡️ Deposit 50 EUROS and Get up to $100 FREE…

Hester Peirce expresses strong support for crypto spot ETFs and regulatory structure

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United States Securities and Exchange Commission (SEC) commissioner Hester Peirce, sometimes known as Crypto Mom for her ardent support of the industry, spoke Tuesday at a conference hosted by the conservative-libertarian Federalist Society titled “Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?” Her lengthy remarks — over 4,000 words in the prepared version, which was augmented extemporaneously as she presented it — contain some of the bluntest criticisms of SEC policy she has made yet. Peirce characterized the SEC’s attitude toward the crypto market as a “refusal…

Circle, The Company Behind The USDC Stablecoin, Announces Euro Coin

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Does the world need Euro Coin? There are already stablecoins pegged to the Euro in the market. The difference here, however, is Circle. As the issuer of the well-regarded USDC, they have the reputation, the know-how, and the clientele to make this happen. Even with all of those advantages, it’s the market that will decide if the world needs Euro Coin. Related Reading | Crypto Investors Find Safety In Stablecoins, Bitcoin, Ditch Altcoins En Masse On the project’s page, they describe it as, “Euro Coin (EUROC) is issued by Circle…

Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’ – Bitcoin News

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According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help the company find “potential financing.” Sources Say Celsius Is Looking for Help From Citigroup Three days ago, Bitcoin.com News reported on the crypto lending company Celsius halting withdrawals and the speculation and rumors that surrounded the firm. Speculators believe the startup may be insolvent as the…

Resistance is futile! 3 reasons why Bitcoin mining will never go away

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In the summer of 2021, the Chinese government banned Bitcoin (BTC) mining and cited the typical concerns of harmful environmental effects and money laundering. Now, the Chinese government is working toward establishing its own digital yuan currency. This raises the question as to whether the original reasoning was merely a Trojan horse. This ban could easily have been a huge blow to Bitcoin’s momentum. After all, close to 75% of all Bitcoin mining had been conducted in China by late 2019, according to Cambridge Alternative Finance Benchmarks. If the network…

What is Bitcoin? How to Invest? & Indian Tax on Bitcoin Investment

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What is Bitcoin? What are the Indian Government Laws for this? Is it Safe to Invest? How Much Tax to Be Paid? There are a lot of questions about Bitcoin; throughout this video, I’m going to give you all the answers. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version