Day: August 17, 2022

BTC Remains Below $24,000 After Falling for Fourth Consecutive Session โ€“ Market Updates Bitcoin News

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Bitcoin continued to trade below $24,000 today, as the token fell for a fourth consecutive session. Following last weekโ€™s bullish run, upwards momentum in crypto has eased, leading to a return of bearish sentiment. Ethereum was also lower, as it dropped below its resistance of $1,885. Bitcoin Bitcoin (BTC) fell for a fourth consecutive session on Wednesday, as bearish sentiment returned to cryptocurrency markets. The worldโ€™s largest crypto token slipped to an intraday low of $23,733.50 on hump day, less than a day after residing at a peak of $24,407.06.…

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TA- Bitcoin (BTC) Unable To Hold Above $24,000 Ahead Of Bearish Signs

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The price of Bitcoin BTC has struggled to hold above $24,700 against Tether (USDT) after being rejected from that region.ย  Bitcoin in recent times has shown bullish signs after rallying to the $24,000 mark, with many investors speculating this could be the start of the bull run. The price of BTC was rejected from $25,200 and has struggled to reclaim that region. Bitcoin (BTC) Price Analysis On The Weekly Chart Weekly BTC Price Chart | Source: BTCUSDT On Tradingview.com From the chart, the price of BTC saw a weekly low…

Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation

Terraform Labs co-founder Do Kwon has reportedly hired a lawyer from a domestic law firm in South Korea just days after claiming the South Korean authorities are yet to reach out to him or file any charges against him. According to a local media report, Kwon recently submitted a letter of appointment to an attorney at the Seoul Southern District Prosecutorsโ€™ Office, the department that is currently investigating the Terra-LUNA collapse. While Kwon claims no charges were filed against him, prosecutors in South Korea behind the investigation of Terraform Labs…

Crypto Analysts Reject Latest DOGE, SHIB Rally as Contrarian Signal

Dogecoin (DOGE), the biggest meme cryptocurrency by market cap, has gained 21% in the past seven days to trade near $0.09, the most since June 1. Shiba inu (SHIB), the self-proclaimed dogecoin killer, rallied more than 50%, hitting a three-month high of $0.00001700, according to CoinDesk data. Market leaders bitcoin (BTC) and ether (ETH) have risen just 3% and 11% respectively. Source

UK hits double-digit inflation for the first time in 40 years

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The inflation rate in the United Kingdom reached 10.1%, according to the Office for National Statistics (ONS). The Consumer Prices Index (CPI) rose by 10.1% in the 12 months to July 2022. It’s a significant leap from 9.4% in June. The ONS stated that housing and household services, including fuel and transport (fuel again), food and beverages are to blame for the surge in prices. The price at the pump in the United Kingdom currently stands at roughly ยฃ1.72 ($2.08) per liter, having almost breached the ยฃ2 mark recently. For…

Crypto Investment Firm CoinFund Launches $300M Web3 Fund

The CoinFund Ventures I fund will invest in companies showing commercial traction that also belong to a crypto sector with a large total addressable market, said David Pakman, CoinFund managing partner and venture investing head, in an interview with CoinDesk. Areas of interest include layer 1 blockchains, Web3 infrastructure, non-fungible tokens (NFTs), gaming and asset management. Source

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