Prices are consolidating in a key demand area. However, given current global market sentiment and recent price action, it is too early to label the current zone as a bottom. Daily charts Although recently balanced in the $29- $30,000 range, prices may just form an intermediate downtrend consolidation pattern before forming another downtrend. On the …
After last week's bitcoin crash caught the attention of regulators and government officials, some Republicans in Congress today introduced a bill that would "protect" investors' ability to add bitcoin to their 401(k) retirement plans. The bill is a companion to the Financial Freedom Act of 2022 passed by the House of Representatives, It was introduced …
The House bill aims to protect bitcoin retirement accounts from a federal ban Read More »
According to the Forbes 2022 Blockchain 50 list, 54% of the top 50 companies have annual revenues of more than $10 billion, up from 64% the year before. Median annual revenue in 2022 was $18.9 billion, up from $39.5 billion the year before. In terms of revenue size, the global blockchain ranking includes seven companies …
Forbes: the 2022 Blockchain 50 list and trends forecast Read More »
While the United States has extended its lead as the world's largest bitcoin mining business, China is back in second place, despite a government ban last year. The US has 37.84 per cent of the world's hashrates, according to data compiled by the Cambridge Centre for Alternative Finance between September 2021 and January this year. …
Enter 2021, encryption community seems to have been not peaceful, between the occurrence of too many events. First came the 519 pullout, then the bitcoin crash, countless retail investors sold out. Musk, Wood sister, Sun Cut, investment institutions, and so on, have come out to support bitcoin, Shouting that bitcoin should rise to 50 thousand, …
Is 2022 the year bitcoin retail investors will be wiped out? Read More »
The currency falling for seven weeks, a longest history records, encryption currency investors lose! But on the contrary, the capital inflow hit a new high for the year, and the accumulation of institutional bottom-diving is obvious. Does the market expect that the bear market cycle has reached the end, and the market is confident enough …
Since the birth of Bitcoin supported by blockchain technology, it has set off a storm of technology, currency, finance, science and technology. Parallel to the existing monetary system and financial system of the currency, show a strong vitality, through the safe-haven asset attributes, such as "digital gold" narrative is gradually accepted by more and more …
Is bitcoin a step forward or a step backward? What's the value of bitcoin? Read More »
Bitcoin rose about 6% on Wednesday after the Federal Reserve, as expected, raised interest rates by 50 basis points, the biggest increase in 20 years. Bitcoin started climbing ahead of the end of the Federal Open Market Committee meeting. The 50 basis point rise was widely expected. Bitcoin's surge accelerated after Federal Reserve Chairman Jay …
Bitcoin briefly hit $40,000 as Fears fade over Fed Rate hike by 75 basis points Read More »
Bitcoin does not qualify as a reserve currency, Swiss National Bank President Thomas Jordan said today at the bank's general meeting of shareholders. Jordan also said rising inflation in his country was no guarantee of a rate rise. The Swiss National Bank has been added to the list of central banks that do not believe …
SNB: Bitcoin does not qualify as a reserve currency Read More »
BTC downward pressure point 40400, upward support point 37600. The big trend now is down, up even if the pressure point is broken, it will be around for a week or so; But if it breaks through the support it's gonna be a big deal. Both APE and GMT have the opportunity to lead the …
Bitcoin 40,000 points under the unity of life, the weak for strong beaming Read More »