Recent bitcoin selling pressure actually originated from short-term traders that got bitcoin at prices between USD 10,000 and USD 12,000, claims crypto market analysis firm Coin Metrics. By analyzing the composition of their realized capitalization measure, introduced as a reportedly more precise alternative to market capitalization, the firm discovered “important Read more »Pay/Trade/Buy Bitcoin with…
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After a downside extension below USD 8,000 and USD 7,800, bitcoin price found support above USD 7,600. As a result, BTC/USD started an upside correction above the USD 8,000 and USD 8,250 resistance levels. The price gained nearly 8% and tested the USD 8,500 resistance area. Similarly, there was a solid recovery in many major…
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A new cryptocurrency payment solution is in the works in Germany after major crypto payment processor BitPay left this market earlier this year. (Updated at 13:27 UTC: updates in bold). Salamantex, an Austrian payment service provider, and TEN31, a fintech arm of German bank WEG Bank, agreed to cooperate and now aim to start accepting…
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Venezuelan president Nicolás Maduro says his country is working on an international and domestic payments system that will make use of cryptocurrencies. The troubled Latin American state has seen trade screech to a halt as United States sanctions continue to bite. International borrowing is up, and the country is having trouble paying back its loans.…
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Chart analysts seem to be turning increasingly bullish on bitcoin, as several different approaches all suggest higher bitcoin prices may be right around the corner. Global Macro Investor founder Raoul Paul shared a bitcoin chart along with some encouraging words to all bitcoin holders out there. If you don’t have any bitcoin $BTC #bitcoin then…
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This past week, we saw a downside extension in bitcoin price below the USD 10,000 and USD 9,750 support levels. BTC/USD even broke USD 9,500 and traded close to USD 9,300. Recently, the price started an upside correction, above USD 9,500, but it is facing a lot of hurdles on the upside near the USD…
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