Day: July 11, 2022

“Prepare” For A Massive Bitcoin Rally

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Bitcoin is still stuck in a tight range as it trades around $20,000 to $21,000. The cryptocurrency was rejected at major resistance levels and could re-test its yearly lows close to $17,000. Related Reading | TA: Ethereum Revisits Key Support, Can The Bulls Protect More Losses At the time of writing, BTC’s price trades at $20,600 with a 1.4% loss and a 7% profit in the last 24 hours and last week respectively. BTC’s price trends to the downside on the 4-hour chart. Source: BTCUSD Tradingview Bitcoin has been trending to…

Biden signs executive order on cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io President Joe Biden has signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should create its own digital currency. (March 9) Subscribe for more Breaking News: Website: Twitter: Facebook: Instagram: ​ You can license this story through AP Archive: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Crypto miners in Texas shut down operations as state experiences extreme heat wave

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With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners have shuttered operations in anticipation of the state’s energy grid being unable to meet demand. The Electric Reliability Council of Texas, or ERCOT, on Sunday called on Texas residents and businesses to conserve electricity with “record high electric demand” expected on Monday. According to ERCOT’s forecast, demand for electricity in Texas — due in part from running air conditioners amid extreme heat — could surpass the available supply. The energy supplier’s prediction…

Analysts say Bitcoin range ‘consolidation’ is most likely until a ‘macro catalyst’ emerges

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From a historical perspective, the loss in value realized across the cryptocurrency market over the past several months has been one for the record books and the total cryptocurrency market cap has declined from $3 trillion to $991 million.  June was especially painful for investors after the price of Bitcoin (BTC) fell nearly 40% to mark one of its worst calendar months on record according to a recent report from cryptocurrency research firm Delphi Digital. BTC/USD monthly candles vs. MoM% change. Source: Delphi Digital In light of the strong market…

🚨 BITCOIN: TERRIBLE NEWS JUST CAME OUT!!!!!!! (Whats next???)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bad news keep coming in for bitcoin and crypto in general! What to do now? How to act? How to trade bitcoin profitably? Which times to watch out for TODAY??? 🔥🔥🔥💹 WSOT COMPETITION with $8,000,000 PRIZE POOL!!! JOIN MY TEAM NOW – 👇 $9,100 DOLLARS IN BONUSES 👇 💰Trade with Bybit: ($4,100 BONUS 💰) 💰 Trade with BITGET: ($5,000 BONUS 💰) 💰Certified Trading Education: (20% OFF) 💰Crypto Investing Course (75% OFF) 💰Crypto Masterclass: (For beginners) 💰NORD VPN: 73% OFF (Use code: kralow)…

100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stablecoin Vault – Defi Bitcoin News

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Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance vote that provides “collateral integration from a U.S.-based bank.” The Makerdao governance vote passed by a majority vote of more than 87%, and it allows the U.S. financial institution Huntingdon Valley Bank the means to leverage a stablecoin vault. Huntingdon Valley Bank to Use Makerdao’s Stablecoin Vault System With Off-Chain Loans — RWA-009’s Initial Debt Ceiling Is $100 Million According to a Makerdao governance poll breakdown, the community has approved a collateral integration proposal with the…