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“# Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA ” A four-day winning streak brought the Bitcoin (BTC) prices closer to testing its 50-day exponential moving average (~$35,115) as resistance. The wave, which was instrumental in strengthening Bitcoin’s bullish bias across 2020 as support, flipped to become a resistance during the May…
“# Bitcoin bull outlines 7 steps to more fiscal stimulus and higher BTC prices ” A recent sell-off in the Bitcoin (BTC) market pushed its prices below the key psychological support of $30,000. While the cryptocurrency’s move downhill prompted many analysts, including Luno exchange’s Vijay Nayyar and Kinetic Capital’s Jehan Chu, to predict a further…
“#Soaring chicken prices hit small NYC eateries while chains gobble product” Local restaurateurs are crying fowl over soaring chicken prices and they say it’s only a matter of time before diners are clucking mad, too. Even worse, they say the Great Chicken Crisis of 2021 may hit only small local restaurants and not Big…
“# Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes ” Bitcoin (BTC) bears should watch out for a potential blow as the number of margined short positions on the Bitfinex exchange crashes by roughly 25%. The dataset dropped to 11,066 BTC as of 12:20 GMT Saturday, compared to…
“# 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…
“#Tourism struggles in NYC are keeping inflation at bay” The sluggish recovery of New York City tourism offers one bright spot — it appears to be keeping some costs that have spiked nationwide in check in the Big Apple. In cities across the country, higher prices for airfare, hotels, restaurants, car rentals and other items…
“# 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…
“# DoubleLine CEO sees Bitcoin buy moment at $23K, predicts US dollar will drop ‘pretty substantially’ ” Jeffrey Gundlach, the CEO of investment management firm DoubleLine, implied that Bitcoin could see more favorable activity in the long term than that of the U.S. dollar. In a Wednesday interview on CNBC’s Halftime Report, Gundlach said he…
“# Record outflows from Canada’s biggest Bitcoin fund see BTC reserves drop by 50% ” A Canada-based Bitcoin fund, operated by 3iQ Corp, has witnessed a dramatic decline in its BTC reserves since June. Literally named the Bitcoin Fund (QBTC:CN), the closed-end investment product, was holding around 24,000 BTC in its vaults in early June….
“# NFL’s Saquon Barkley converting endorsements to BTC to create ‘generational wealth’ ” NFL star Saquon Barkley has revealed that he will be converting all of his endorsement money into Bitcoin. Barkley was the 2018 NFL offensive rookie of the year and plays as a running back for the New York Giants — a team…