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Bitcoin Is the kingmaker: Microstrategy’s Michael Saylor

CEO of Microstrategy Michael Saylor has advised Nigeria and Zimbabwe to issue currencies backed by Bitcoin (BTC) to help them address economic challenges. Speaking in a video, where he also addressed claims that the Bitcoin network was too big to scale, Saylor suggested to the African nations to purchase $2 – 3 billion worth of […]

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Bitcoin Touches $63,000 Amid Excitement Over Possible BTC ETF Approval

It appears that the US States Securities and Exchange Commission (SEC) could approve its first Bitcoin (BTC) Exchange-Traded Fund (ETF) soon, after years of turning down numerous ETF proposals. The company that filed for its Bitcoin Strategy ETF, ProShares, could become the first company to receive the BTC ETF greenlight from the SEC next week. […]

2 ds

The United States Become Cryptocurrency Mining Epicenter Amid China Crypto Ban

The United States has become the global epicenter for cryptocurrency (Bitcoin) mining following the mass migration of miners from China due to the clampdown by the Chinese government. The Chinese government took a hostile stance against the cryptocurrency industry to control financial risk in the region. China became the cradle of Bitcoin and crypto mining […]

4 ds

Bitcoin Price Analysis: Long-Term Holders Remain Unshaken by Price Action

New reports from Glassnode show that despite the recent price surge in Bitcoin (BTC), long-term holders have shown no intention to liquidate and realize profits yet. The blockchain analytics provider also revealed that the percentage of BTC supply held for at least three months reached 85%, a new all-time high. Citing data from Glassnode, famous […]

4 ds

Bitcoin Queries Currently at Significant Lows, Indicating Absence of Retailers

According to on-chain data, retail traders have not returned on the Bitcoin (BTC) scene despite the recent +35% rally. Google Trends data shows that queries about BTC, which is typical in market conditions like presently, are nowhere close to conventional heights. Reports show that the number of “Bitcoin” queries on Google is at relative lows […]

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Bitcoin Will Become Legal Tender in Five Countries Next Year: Bitmex CEO

CEO of behemoth cryptocurrency exchange Bitmex Alex Hoeptner has made some brow-raising predictions for Bitcoin adoption. The Bitmex executive recently stated that: “My prediction is that by the end of next year, we’ll have at least five countries that accept bitcoin as legal tender. All of them will be developing countries. Here’s why I think […]

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Bitcoin Consolidates Amid BTC Purchase Declaration from US Senator

Pro-Bitcoin Senator, Cynthia Lummis, has disclosed that she purchased Bitcoin (BTC) in a periodic transaction report (PTR). According to the filing, the Wyoming Senator bought between $50,001 and $100,000 worth of BTC on August 16. At the time of purchase, the benchmark cryptocurrency traded at $45,000. That said, this disclosure comes seven days outside the […]

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Bitcoin Price Analysis: BTCUSD Peaks at $55,800 Amid Bullish Resurgence

Amid a sharp bullish resurgence across the crypto market, Bitcoin (BTC) recorded a massive jump to the $55,800 level yesterday, its highest point since early May this year. The benchmark cryptocurrency is up by 6% and 26% over the past 24 hours and the past seven days, respectively, according to data from CoinMarketCap. BTC reached […]

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Brazil to Approve Bitcoin as Regulated Currency Soon: Federal Deputy

According to a Brazil federal deputy, Aureo Ribeiro, Bitcoin (BTC) could soon become a recognized currency for payments in Brazil. Ribeiro noted that the potential approval of Bill 2.303/15, which focuses on cryptocurrency regulation, will create new uses for crypto holders, including purchasing houses, cars, and other products. These comments come following the approval of […]

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China’s Ban on Bitcoin Made It Stronger: Edward Snowden

Popular American whistleblower Edward Snowden had some positive comments on Bitcoin (BTC) and the crypto industry in a recent tweet. The former CIA computer intelligence consultant tweeted that: “Sometimes I think back to this and wonder how many people bought #Bitcoin then. It’s up ~10x since, despite a coordinated global campaign by governments to undermine […]

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Author : Michael Fasogbon

Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.