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“# ‘Bitcoin fixes this’ — US Infrastructure Bill would add $250B to US debt mountain ” The United States tax bill which could hurt Bitcoin (BTC) and crypto holders will “continue the plunder of future generations,” Cameron Winklevoss argues. According to new estimates, the proposed Infrastructure Bill currently under discussion in Washington would pile on…
“# Bitcoin bulls overtake the $40K barrier ahead of Friday’s $625M options expiry ” Despite the recent breakouts to the $40,000 level, Bitcoin (BTC) price could still face downward pressure in August. The 42% rally in late July effectively inspired some optimistic short-term options bets but the initial data largely favors the neutral-to-bullish call options,…
“# Fresh Bitcoin ETF hopes back BTC’s swift rally above $40,000 ” Crypto investors are seeing gains in Ether (ETH) and Bitcoin (BTC) today after the successful launch of Ethereum’s London hard fork and a series of new Bitcoin ETF filings resulted in a rally that propelled BTC price 9% higher and Ether gained 11.75% which brings…
“# Ethereum approaches $3K resistance as Bitcoin price rebounds toward $40K ” Ethereum’s Ether token (ETH) enjoyed a “massive” rebound towards $3,000 on Aug. 5 as optimism flowed in after its London hard fork went live. ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed ETH/USD climbing swiftly to local…
“# Robinhood stock outruns Bitcoin in intraday crash, down over 10% in pre-market ” The cost to purchase one Robinhood share (HOOD) dropped massively in the pre-market session on Thursday, beating even so-called volatile cryptocurrencies like Bitcoin in terms of intraday losses. In detail, HOOD was down 10.2% to $63.25 as of 8:00 am EDT…
“# Ethereum eyes 3-week winning streak vs. Bitcoin as BTC price drifts below $39K ” Bitcoin (BTC) headed lower on Thursday after an attempt to reclaim $40,000 failed to garner buyer support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Accumulation recalls October 2020 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to local lows…
“# This key Bitcoin price indicator shows pro traders buying each dip ” Bitcoin (BTC) might have failed to sustain the $42,000 support, and for many, this is a slightly bearish sign. Interestingly, the downward move occurred shortly after Saudi Aramco, KSA’s largest oil exporter, denied claiming to start mining Bitcoin. Top traders at exchanges…
“# Bitcoin dominance on the rise once again as crypto market rallies ” Bitcoin’s price has been rallying in tandem with altcoins, sending mentions of the markets flipping back to a bullish supercycle for Bitcoin (BTC). The flagship cryptocurrency went through the resistance levels of $42,000 for the first time since May 19, hitting a…
“# 3 reasons why Bitcoin can suddenly explode to a new $50K-$65K range ” A combination of multiple indicators tracking Bitcoin (BTC) blockchain would continue the benchmark cryptocurrency’s price rally further into 2021, popular on-chain analyst Willy Woo anticipates. In his recent newsletter, the market researcher wrote that he expects Bitcoin prices to reach the…
“# More like ‘shock-to-flow’ — BTC price hits bull trigger as mystery buyers scoops up supply ” Bitcoin (BTC) is due for a fresh price surge if one classic price model repeats historical behavior — and buyers are still supporting it. In a tweet on Aug. 3, analyst William Clemente noted that BTC/USD has reached…