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“# As Bitcoin price sees sub-$30K, do bears control the BTC market now? ” In the past 48 hours, Bitcoin has tested the $30,500 support level on two occasions. Historically, when a major support area is tested repeatedly, it often breaks. On the third retest on Jan. 27, Bitcoin broke below $30,000. However, $30,000 is…
“# Bitcoin price drops under $30K as ‘moment of truth’ arrives, says trader ” Bitcoin (BTC) retested the $30,000 support on Jan. 27 as a day of losses culminated in violation of the psychologically significant price level. BTC/USD 1-minute candle chart (Bitstamp). Source: Tradingview BTC price spooks amid GameStop row Data from Cointelegraph Markets and…
“# Bitmain’s Antminer says Bitcoin rig sales won’t be affected by CEO departure ” Bitcoin (BTC) mining rig manufacturer Bitmain has issued a notice to customers stating that business operations will resume as normal in light of former chairman and CEO Jihan Wu’s departure from the company. Orders of Bitmain’s ASIC mining rigs were previously…
“# Bitcoin held by public companies has surged 400% in 12 months to $3.6 billion ” Technology researcher Kevin Rooke has been tracking the Bitcoin (BTC) holdings of public companies throughout the past two years. According to Rooke, public firms now hold over $3.6 billion worth of BTC. In 2019, public companies had merely 20,000…
“# Scams are driving South African authorities to regulate crypto trading ” South African regulators are seeking to exercise more control over cryptocurrency trading following the collapse of what was alleged to be the largest Ponzi scheme the country has ever seen. Self-proclaimed Bitcoin (BTC) trading firm Mirror Trading International was placed in provisional liquidation…
“# BTC price clings to $31K as Scaramucci says GameStop boom ‘good for Bitcoin’ ” Bitcoin (BTC) showed little signs of improvement on Jan. 27, but one major fund believes that it will benefit from new trends among investors. At the same time, all eyes have been on GameStop (GME) price volatility this week. By…
“# Bitcoin billionaire set to run for California governor ” Early Bitcoin investor and industry proponent Chamath Palihapitiya has signaled a potential run for the position of California governor. The CEO of venture capital firm Social Capital, Chamath Palihapitiya, appeared to announce his intentions in a Tweet on January 26. The post linked to his…
“# DeFi tokens bag double-digit gains as bears pin Bitcoin price below $33K ” Today Bitcoin (BTC) price continued to face selling pressure in the $32,500 to $33,000 resistance cluster and this led to a mild 3% to 5% pull back from most altcoins. Despite the recent revelation that BlackRock, the world’s largest asset manager,…
“# 2 key metrics suggest Bitcoin price won’t be pinned below $33K for long ” Over the last 48 hours, Bitcoin (BTC) price climbed from $31,000 to $34,800 before reversing course and dropping the majority of these gains. While this $3,800 shift to the downside might not seem significant, the 12% oscillation liquidated $660 million…
“# DeFi revival pushes Celo, Venus (XVS) and Fantom (FTM) price higher ” A new report by CoinShares suggests Bitcoin (BTC) has garnered 97% of the total crypto inflows in 2021. The recent correction in Bitcoin price does not seem to have deterred crypto investors as CoinShares data shows a record $1.3 billion in crypto…