Day: October 21, 2024

Is This The Start of a Bigger Run?

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Este artículo también está disponible en español. Bitcoin price extended gains above the $68,000 resistance zone. BTC is now consolidating and aiming for more gains above the $69,500 resistance. Bitcoin remained stable and extended gains above the $68,500 zone. The price is trading above $68,500 and the 100 hourly Simple moving average. There is a key contracting triangle forming with support at $68,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $69,450 resistance zone.…

Bitcoin Gets Bullish MACD Signal as BTC Eyes $70K Breakout

The moving average convergence divergence (MACD) histogram, a technical analysis indicator used to gauge trend strength and changes, has flipped positive on the weekly chart for the first time since April, according to charting platform TradingView. It signifies a renewed upward shift in momentum, implying a bullish resolution to bitcoin’s prolonged back and forth trading between $50,000 and $70,000. Source

How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim

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Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy […] Original

Long-Silent Bitcoin Whale Resurfaces After 10 Years As BTC Nears $69,000

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Russia Pushes Digital Currency Plan for BRICS — Is This the End of Western Financial Dominance?

Russian President Vladimir Putin has unveiled a plan to introduce digital currencies as a key tool for investment for the BRICS alliance. This proposal aims to boost economic growth in developing nations, with a focus on minimizing inflationary risks. By involving BRICS members and other developing countries, Putin sees this initiative as a critical step […] Source CryptoX Portal