Tag: Bitcoins

Bitcoin’s got 3 strikes, but investors remain calm despite price drop

boss

After Bitcoin (BTC) faced its third consecutive rejection, investors became more confident in adding altcoin positions. For the leading cryptocurrency, the path to $50,000 appears more challenging than previously expected. According to Euronews Next, on March 14, the European Union rejected a proposed rule that could have banned the energy-intensive proof-of-work (PoW) mining algorithm used by Bitcoin and other cryptocurrencies. Several EU parliamentarians have been pushing to ban PoW mining over energy concerns. BTC/USD price at FTX. Source: TradingView In terms of performance, the aggregate market capitalization of all cryptos…

Bitcoin’s Price Bounce Stalls as 10-Year Yield Hits 32-Month High

CryptoX – Cryptocurrency Analysis and News Portal “While not on the scale of the China bitcoin mining ban, the implication for the price of BTC and other crypto assets which follow on price, could be significant in the next few days. The crypto asset market has been buffeted by events, and this could lead to another tough trading period if the legislation passes,” Peters added. Source The post Bitcoin’s Price Bounce Stalls as 10-Year Yield Hits 32-Month High appeared first on CryptoX. CryptoX Portal

Bitcoin’s Hashrate Jumps 15% Higher in 10 Days, Mining Difficulty Expected to Rise – Mining Bitcoin News

boss

After bitcoin miners caught a break ten days ago when the difficulty dropped 1.49% lower, the network’s hashrate increased more than 15% since then. Currently, the processing power has been coasting along above the 200 exahash per second (EH/s) zone but another difficulty increase is expected to occur in less than four days. Bitcoin’s Hashrate Increases Following the Downward Difficulty Drop 10 Days Ago Bitcoin’s hashrate slipped two weeks ago on February 27, 2022, to 169 EH/s after touching an all-time high (249 EH/s) on February 15. Following the drop…

Blockchain City | Blockchain-Technologie | Kryptowährungen | Dokumentation

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchain City – Der Dokumentarfilm “Blockchain City” fängt die Erkenntnisse führender Persönlichkeiten aus der Technologiebranche ein und erzählt die Geschichte von Dubais Aufstieg zur Blockchain-Stadt. Blockchain City (2018) Regie: Ian Khan Stars: Roman Beck, Aisha Bin Bishr, Imogen Heap Genre: Dokumentarfilm, Short, Nachrichten Land: Kanada Sprache: Deutsch Veröffentlicht: 2018 (Kanada) Dauer: 41 min Drehort: Estland Handlung: Der Dokumentarfilm “Blockchain City” fängt die Erkenntnisse führender Persönlichkeiten aus der Technologiebranche ein und erzählt die Geschichte von Dubais Aufstieg zur Blockchain-Stadt. Mit Interviews von führenden…

Michael Saylor Praises Bitcoin’s Scarcity, Says Gold Is A Commodity

boss

CEO of MicroStrategy Michael Saylor remains one of the most vocal supporters of bitcoin. Countless times in the past, Saylor has always lauded the benefits of the digital asset, which he says is the best investment. His convictions are shared by his firm which remains the publicly traded company with the largest bitcoin holdings in the world. Now, once again, Saylor has spoken out in favor of the cryptocurrency, effectively snubbing its competitors while he’s at it. Bitcoin Is The Only Scarce Asset Bitcoin’s scarcity has often been one of…

Bitcoin’s Biden Spike Gone, Price Reverses Following 8% Gain

boss

Bitcoin (BTC) has retraced significantly today, a day after recording an 8% gain in response to President Biden’s executive order. Bitcoin, like the rest of the crypto market, is under pressure, falling more than 5% and falling below $40,000 levels. Bitcoin is currently trading at $39,324 with a market worth of $745 billion as of press time. Bitcoin Slumps After Gain Bitcoin reversed direction, while the euro’s two-day rally came to a halt, as investors awaited the European Central Bank’s (ECB) response to the gathering storm of high inflation and…

Bitcoin’s sub-$40K range trading and mixed data reflect traders’ uncertainty

boss

The phrase “hindsight is 20/20” is a perfect expression for financial markets because every price chart pattern and analysis is obvious after the movement has occurred. For example, traders playing the Feb. 28 pump that took Bitcoin (BTC) above $43,000 should have known that the price would face some resistance. Considering that the market had previously rejected at $44,500 on multiple instances, calling for a retest below $40,000 made perfect sense, right? Bitcoin/USD at Coinbase. Source: TradingView This is a common fallacy, known as “post hoc” in which one event…

Why Bitcoin’s Neutrality Is Its Greatest Humanitarian Asset – Op-Ed Bitcoin News

Decentralized networks such as Bitcoin’s don’t know national allegiance, they only know math. And when you’re trying to get your savings out of an ATM, or send a payment to relatives in a war-torn environment, someone else’s politics is the last thing you want standing in the way of you and your loved ones’ well-being — regardless of what colors may be on the flag waving above your head. The Human Cost of Sanctions There are no winners in war. Bankers and politicians start them, and everyday individuals like you…

Bitcoin’s ‘Ichimoku Cloud’ Breakout Could Lead to Continued Uptrend

“Bitcoin has cleared resistance defined by the daily cloud, and it is likely to confirm its breakout upon today’s close,” Katie Stockton, founder and managing partner of Fairlead Strategies, told CoinDesk in an email on Wednesday. While bitcoin traded slightly weak on Wednesday, it managed to print a UTC close above the cloud, confirming a bullish trend change. Source