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“# Altcoin Roundup: Data shows social metrics surge ahead of DeFi and NFT price rallies ” A common saying in the investing world is “The trend is your friend,” a phrase that points to the idea that the majority of the time, sticking with the prevailing market trend will produce positive results. Some of the…
“# Price analysis 7/16: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC ” Bitcoin (BTC) is witnessing a tough battle between the bulls and the bears near $31,000, which makes it an important level to watch out for. Data from Glassnode shows that the $31,000 to $34,300 zone has seen strong interest from…
“# U.S. financial agencies will meet to discuss the future impact of stablecoins ” U.S. Secretary of the Treasury Janet L. Yellen announced plans to convene the President’s Working Group on Financial Markets, or PWG, as well as the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to discuss possible…
“# Big bullish pattern on US dollar index chart puts Bitcoin at risk of losing $30K ” Dollar traders have kept a close eye on a potentially bullish “inverse head-and-shoulders” pattern building in the U.S. dollar index (DXY) chart. Meanwhile, the smell of a stronger greenback is weakening Bitcoin’s (BTC) upside case, especially as the…
“# Bitcoin price passes $32K with traders wary of ‘relief rally’ if resistance stays ” Bitcoin (BTC) passed $32,000 later on July 16 as positive reactions over Bank of America’s (BoA) Bitcoin futures go-ahead continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin nears $32,300 point of interest Data from Cointelegraph Markets Pro and TradingView showed…
“# New project aims to bring global crypto miners to Russia ” A major cryptocurrency and blockchain association in Russia is launching a project to bring global crypto mining operations to the country amid a Chinese crypto mining crackdown. The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain, or RACIB, announced an initiative aimed at…
“# Bitcoin bounces off $31K after Bank of America greenlights BTC futures trading ” Bitcoin (BTC) continued to bounce off $31,000 support during July 16 as fresh data reinforced the importance of current price levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No trip to $42,000? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedly…
“# Crypto offers more freedom, Coinbase CEO responds to DOGE creator ” Brian Armstrong, co-founder and CEO of Nasdaq-listed cryptocurrency exchange Coinbase, took to Twitter to respond to a recent attack on crypto by Dogecoin (DOGE) co-creator Jackson Palmer. In a Twitter thread on Thursday, Armstrong pointed out some of the biggest benefits of cryptocurrencies…
“# Tennessee city wants to accept property tax payments in Bitcoin ” United States’ city of Jackson, Tennessee, continues exploring a potential dive into cryptocurrencies, now looking to accept Bitcoin (BTC) for property tax payments. Jackson Mayor Scott Conger announced late Thursday that the city’s blockchain task force had launched a study on potential methods…
“# Payments in a flash: Strip club in Las Vegas now accepts Lightning ” The Crazy Horse 3 gentlemen’s club has announced it has become the first major entertainment venue in Las Vegas to accept Bitcoin using the Lightning Network. The nightspot will implement the layer two Bitcoin scaling solution enabling punters to make payments…