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“# Bitcoin has now been above $10K for a whole year ” Bitcoin (BTC) has now traded above $10,000 for an entire year, as expectations demand $100,000 before the end of 2021. While hodlers impatiently wait for new all-time highs, BTC price action is celebrating the first of what is likely many anniversaries. BTC/USD: One…
“# Bank of Russia wants to block ‘emotional’ and suspicious crypto activity ” As cryptocurrency investments get more popular in Russia, the country’s central bank is actively working to curb perceived suspicious crypto activity as well as block some crypto purchases. The Bank of Russia has started working with local banks to make them halt…
“# Bitcoin miner maker Canaan records highest quarterly profit since 2019 IPO ” Despite the price decline for Bitcoin (BTC) in Q2 2021, mining hardware maker Canaan has recorded significant business gains during the period. According to Canaan’s unaudited Q2 financials published on Tuesday, the company recorded over $1 billion Chinese renminbi (about $167.5 million)…
“# Morgan Stanley launches cryptocurrency research team ” Morgan Stanley, one of the largest banks in the United States, is setting up a new crypto-focused research division. The Wall Street megabank has appointed Sheena Shah as lead cryptocurrency analyst for its dedicated cryptocurrency research team, Bloomberg reported on Sept. 13. Shah worked as Morgan Stanley’s lead currency…
“# Bitcoin steals $47K from bears as critical BTC price resistance crumbles ” Bitcoin (BTC) tentatively reclaimed $47,000 on Sept. 15 in a move which analysts believe should open up the path to $50,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls escape another retest of lows Data from Cointelegraph Markets Pro and TradingView showed…
“# Ark Invest to split ‘60% Bitcoin, 40% Ether’ as confidence in ETH grows ‘dramatically’ ” Cathie Wood, the CEO of Ark Investment, has doubled down on her prediction that the price of Bitcoin will grow by tenfold in the next five years, and said the growth of DeFi, NFTs and the Eth2 upgrade has…
“# 2021’s BTC energy use passes 2020’s, as study claims each tx produces 272g of e-waste ” A new study suggests that Bitcoin has already used more power so far this year than it did in all of 2020. By the end of the year, the Bitcoin network will have consumed 91 TW/h (terawatt-hours or…
“# Governance proposals and layer-two launches provide a boost to altcoins ” Bullish sentiment is on the rise on Sept. 14 as the price of Bitcoin (BTC) climbed higher throughout the morning and now takes aim at the $47,000 level. The building momentum also had a positive effect on altcoins and a handful of tokens…
“# Are strong technicals enough to bring Bitcoin price to $100K in 2021? ” After scaling up to a relative high of around $53,000 just over two weeks ago, it seemed as though Bitcoin (BTC) was well on its way to reclaiming its former all-time highs. However, the series of events that unfolded over the…
“# Bitcoin gears up for $47K assault — Can BTC price overcome make-or-break resistance? ” Bitcoin (BTC) looked set to challenge critical $47,000 resistance on Tuesday amid a perfect storm of dwindling supply and “exhausted” bears. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hodlers vs. whales in the battle for $50,000 retest Data from Cointelegraph…