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“# Classic bearish chart pattern forms for Bitcoin as BTC price tumbles to $32K ” Bitcoin (BTC) bulls should look for a cover, at least as far as chart technicals are concerned. The flagship cryptocurrency continued its price declines into the new weekly session, hitting $32,105 ahead of the London opening bell following an approximately…
“#Bitcoin tumbles as China escalates crypto mining crackdown” The price of bitcoin tumbled Monday on fresh reports that China has expanded its crackdown on the mining of cryptocurrencies. Bitcoin traded as much as 9 percent lower Monday morning before recovering slightly. It was last seen trading at about $32,300 per coin as of 7 a.m….
“# Bank TSB set to bar 5.4M customers from buying crypto ” United Kingdom-based financial institution TSB Banking Group Plc. will soon ban its over 5.4 million customers from buying Bitcoin (BTC) and other cryptocurrencies. According to a report by The Telegraph on Saturday, the bank’s imminent crypto ban is due to alleged cases of…
“# Crypto is the most dangerous investment, Bank of Russia governor says ” The Bank of Russia continues its tough stance on cryptocurrency trading despite growing concerns over the country missing out on the digital asset industry. The governor of Russia’s central bank, Elvira Nabiullina, reiterated the bank’s negative stance on crypto in a Monday…
“# China’s 3rd largest bank ‘rugs’ BTC: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is lower going into a new week’s trading — Monday has seen a test of levels below $33,000 and bulls are struggling. What could be next? With bullish short-term voices few and far between, it seems that…
“# Bitcoin price dips to $32.5K on ‘consistent’ new China FUD ” Bitcoin (BTC) shed $1,000 in minutes on June 21 as fresh news from China succeeded in routing bulls yet again. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 3rd biggest Chinese bank warns on crypto Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting…
“# Bitcoin hashrate hits 8-month low as Chinese miners power down ” Bitcoin’s hashrate has fallen to its lowest levels since early November as mining operations in China start unplugging. Bitcoin’s network hashrate, a measure of its computational horsepower, has slumped 46% since its peak level in mid-May. According to Bitinfocharts, Bitcoin hashrate is currently…
“# Bitcoin is ‘own worst enemy’ and will lose to Ethereum: Charles Hoskinson ” IOHK CEO and Ethereum co-founder, Charles Hoskinson, has argued that Bitcoin sits at a significant competitive disadvantage due to its slow speeds and will be usurped by proof-of-stake networks. In a five-hour Podcast with computer scientist and AI researcher, Lex Fridman,…
“# 4 reasons why Paul Tudor Jones’ 5% Bitcoin exposure advice is difficult for major funds ” In an interview with CNBC on June 14, legendary investor Paul Tudor Jones sounded the alarm over advancing inflation. After last week’s consumer price index (CPI) report showed that United States inflation had hit a 13-year high, the…
“# Top 5 cryptocurrencies to watch this week: BTC, ADA, THETA, XMR, AMP ” The U.S. Federal Reserve’s plans to advance its timeline for rate hikes to 2023 has led to profit-booking in the U.S. stock market, gold, and Bitcoin (BTC). The markets received a second jolt on June 18 after James Bullard, the president of…