Tag: 102K

First $1.2k Stimulus Check is Now Worth $10.2k If it Purchased Bitcoin

boss

In brief: The first $1,200 stimulus check has appreciated to $10,278 if the recipient invested in Bitcoin The second $600 stimulus check has appreciated to $1,227 if it also bought Bitcoin The third round of stimmy checks is on its way with details of the rollout expected soon Chances are, recipients will buy Bitcoin and/or other digital assets Bitcoin could thus find the fuel to hit $60k President Biden has signed into law the third stimulus bill worth $1.9 Trillion that will see eligible Americans receive at least $1,400 from…

TA: Bitcoin Prints Bearish Technical Pattern, Why It Could Revisit $10.2K

boss

Bitcoin price is currently correcting higher from the $10,550 support against the US Dollar. BTC is currently facing hurdles and it is likely to resume its decline below $10,550. Bitcoin is showing many bearish signs below the $10,800 resistance zone. The price is now trading below the $10,675 resistance and the 100 hourly simple moving average. There is a rising channel or a bearish flag pattern forming with support near $10,625 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of…

Market Wrap: Bitcoin Drops to $10.2K; Scaling Solution xDai Doubles in Value Locked

boss

The bitcoin market continues to display weakness; xDai total value locked shows interest in Ethereum scaling solutions. Bitcoin (BTC) trading around $10,285 as of 20:00 UTC (4 p.m. EDT). Slipping 1.8% over the previous 24 hours. Bitcoin’s 24-hour range: $10,250-$10,575 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since September 21.(TradingView) Bitcoin’s price had remained in a narrow range since Monday, as the world’s oldest cryptocurrency stuck within $10,400 territory Wednesday before falling to as low as $10,250 just prior…