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“# Price analysis 6/16: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH ” Bitcoin’s price (BTC) turned down from just above the $41,000 mark on June 15, suggesting that traders are halting their purchases at higher levels. Traders seem to be hesitant to take large bets until the U.S. Federal Reserve releases its…
“# Dip-buyers anticipate further downside after Bitcoin price falls to $38K ” The cryptocurrency market is in the midst of another lackluster day as Bitcoin (BTC) price dipped below $40,000 ahead of the Federal Open Market Committee (FOMC) meeting where officials intend to discuss whether interest rates should be raised or kept near zero. While…
“#El Salvador to keep dollar as legal tender, seeks World Bank help with bitcoin” El Salvador will not replace the US dollar with bitcoin as the legal tender, Finance Minister Alejandro Zelaya said Wednesday, as the Central American nation sought technical assistance from the World Bank to implement bitcoin regulation. The Central American country this…
“# Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist ” Bitcoin (BTC) price has retreated by more than 40% after topping out near $65,000 in mid-April. But that is not enough to derail the flagship cryptocurrency’s long-term bull trend, especially as global markets grapple with declining national currencies and the prospect of a commodity…
“# Bitcoin miners can prove green potential by undergoing ESG ratings check ” Environmental concerns regarding the energy-intensive, proof-of-work (PoW) mechanism that Bitcoin (BTC) uses to produce new coins and verify transactions have been front and center lately. Debates regarding Bitcoin’s energy use particularly surged following a tweet sent out by Tesla CEO Elon Musk in…
“# Bullish all the way? MicroStrategy doubles down on its Bitcoin bet ” There’s never a dull day when it comes to crypto as was exemplified recently when the digital asset market dipped by around 50%, eventually taking the total capitalization from its all-time high of $2.5 trillion to around $1.7 trillion. As was expected,…
“# Looming ‘death cross’ may put Bitcoin bull run in danger ahead of Fed meeting ” Bitcoin (BTC) wobbled around $40,000 as investors waited for the Federal Reserve to release its new set of economic projections on Wednesday. The market’s focus shifted on two important questions: will the United States’ central bank officials signal their…
“# Jack Dorsey notes lobbying efforts to get Ethiopian gov’t to embrace Bitcoin ” Twitter CEO and crypto proponent Jack Dorsey has highlighted the efforts of a lobby group pushing the Ethiopian government to embrace Bitcoin (BTC). In a Wednesday tweet, Dorsey shared a Twitter thread from Project Mano, an Ethiopian-based lobbying group that is…
“# New Bitcoin bull market hodlers are refusing to sell at $40K, data suggests ” Bitcoin (BTC) investors continue to hodl BTC at $40,000, even if they bought it at lower levels earlier in 2021. In the latest edition of its newsletter, The Week On-Chain, on June 14, on-chain monitoring resource Glassnode revealed that buyers…
“# Shiba Inu and Chiliz jump 33% and 26% on Coinbase Pro listings ” The token prices of Shiba Inu (SHIB) and Chiliz (CHZ) jumped 33% and 26% respectively on Wednesday, following the announcement of the pair’s listing on Coinbase Pro. Inbound transfers for Shiba Inu and Chiliz were announced alongside Keep Network (KEEP) by…