Bitcoin correction ‘almost done’ as realized losses rise above weekly average

Bitcoin (BTC) entered a consolidation phase following its May 19 crash from $42,600 to $30,000 on Coinbase. The flagship cryptocurrency recovered its losses quickly and reclaimed $40,000 but it failed to log a clear bullish breakout above this resistance level and at the time of writing the price remains pinned below $40,000.The latest price action…

The legislation appeared to be another attempt at the Accountability for Cryptocurrency in El Salvador Act, originally introduced after the country's Bitcoin Law was enacted. 355 Total views 22 Total shares Two United States Senators from opposite sides of the political aisle have reintroduced legislation from 2022 aimed at mitigating perceived risks posed by El…

At 28%, this weekend's BTC price action was decidedly average compared to the cryptocurrency's run-up to 2017 all-time highs. 1071 Total views 6 Total shares Bitcoin (BTC) may have dipped 28% in recent days but analysts have already put the scale of the losses firmly in context. As noted on Jan.12 by Nathaniel Whittemore, host of…

The Bitcoin bull market is in full swing, as proved by the BTC futures premium reaching a five-week high.

Animoca Brands, the firm behind noted NFT-powered games The Sandbox and F1 Delta Time, has reported record revenue amid the COVID-19 lockdown. 2183 Total views 20 Total shares Animoca Brands, the firm behind blockchain-powered games The Sandbox, F1 Delta Time, and Crazy Defense Heroes, has reported unaudited revenue for the first four months of 2020…

Bitcoin (BTC) may not crash below $30,000 and instead jump to $100,000 before sweeping its lows.That was the opinion of popular trader Credible Crypto, who on May 2 shared an updated view of how BTC price action might unfold.Trader prepares for lows to be "left untapped"As more and more voices call for a fresh major…

Has it only been a dozen years since Oct. 31, 2008, that Satoshi Nakamoto published a modest nine-page paper describing a new online payments system called “Bitcoin?” Depending on where one stands, that pseudonymous white paper — its author(s) remain unidentified — fostered either a fintech revolution or, as some believe, “the greatest scam in…

Bitcoin (BTC) gained ironic support from United States President Donald Trump on March 27 after he appeared to say he supported manipulating the dollar.In a press conference quoted by various Twitter commentators, including Blockstream CSO, Samson Mow, Trump defended the Federal Reserve printing more than $6 trillion.Trump: the dollar is “our money, our currency”“The beautiful…

The crypto-friendly social media platform keeps its pro-Bitcoin CEO. 1832 Total views 24 Total shares Twitter CEO and major Bitcoin (BTC) bull Jack Dorsey will keep his role at the company, according to a recent decision by a Twitter board committee.As Bloomberg reported on Nov. 2, the committee officially reviewed Twitter’s leadership as part of a March 2020…