BTC price whipsaws to $106K as US strategic reserve rumors return

Italian high-end fashion giant Gucci has become the first major brand to accept payments in the Bored Ape Yacht Club affiliated ApeCoin (APE). The move was announced on August 1 and could provide the ApeCoin project with significant mainstream exposure along with bringing further utility to the cryptocurrency.Gucci customers in the United States (U.S.) will…

The 200-week moving average keeps bulls in check, and traders are keeping quiet on the chances of a breakthrough so early. 738 Total views 6 Total shares Bitcoin (BTC) hovered at $22,000 at the July 18 Wall Street open as analysts warned that bulls would not break resistance in one go.BTC/USD 1-hour candle chart (Bitstamp).…

A former European Central Bank board member will chair a new arm of the Bank of International Settlements (BIS) focusing on digital currencies and financial innovation. In a press release on Nov. 11, the BIS confirmed Benoît Cœuré would begin chairing the Innovation Hub from January 15, 2020. BIS eyes impact of “critical trends”“The Hub's mandate is…

After suffering significant losses due to issues stemming from the COVID-19 pandemic, the sports industry has turned to crypto to recoup its losses and help fans stay connected with clubs in today’s socially-distanced world.Over the past 18 months, countless deals and sponsorships have been reported between Web3 projects and sports teams, and if things go…

Fantom (FTM) looks poised to hit a new record high in the coming sessions after its 125% price rebound from $1.23 on Dec. 14, 2021, to $2.84 on Jan. 3, 2022 triggered a classic bullish reversal setup. Dubbed inverse head and shoulders (IH&S), the setup appears when an asset forms three troughs below a so-called neckline…

Bitcoin is back above $50,000 and bulls are currently attempting to secure a daily close above the oft disputed level. The strength seen in BTC has also helped kickstart momentum in the altcoins and at the time of writing, several tokens are seeing gains in excess of 20%.Top 7 coins with the highest 24-hour price change.…

Open communication on the downsides, benefits, and educational programs could help to increase trust in cryptos and create a positive outlook towards technologies such as blockchain.Those were the findings in Edelman’s study published on May 12. The global communications firm concluded that the more people know about crypto, the more they see the potential for…