If Bitcoin’s cost is making you hesitate, here’s what you should understand. Despite Bitcoin reaching record levels and the buzz around the new spot Bitcoin exchange-traded funds (ETFs), the crypto industry is still having difficulty drawing in new investors. The Motley Fool Ascent’s 2024 Cryptocurrency Investor Trends Survey shows that the primary audience for crypto […]
Bitcoin exchange-traded funds (ETFs) in the United States faced an unexpected wave of selling this Wednesday, with investors pulling out a staggering $563.7 million from 11 ETFs, marking the largest outflow since their inception on January 11. This comes despite Federal Reserve Chairman Jerome Powell’s recent comments dismissing immediate interest rate hikes. All Bitcoin ETFs in the […]
BTCUSD Remains Trapped in a Range BTCUSD remains in a range, despite the recent Bitcoin Halving event. Since late February, the price has been oscillating within a defined range, with $73,000 acting as the resistance and $60,675 as the pivotal demand level. Initially, the BTC market exhibited movements between the resistance and support levels, but […]
Toncoin Price Forecast: May 1 The Toncoin price forecast is for the market to keep moving toward the sellers if it doesn’t make a reversal at the current $4.85 level. Toncoin Long-Term Trend: Bullish (1-Day Chart) Key Levels: Zones of supply: $5.27, $6.50, $7.67 Zones of Demand: $4.85, $4.52, $4.05 TONUSD continues in a downward […]
In a landmark moment for cryptocurrency investment in Asia, Hong Kong witnessed the introduction of its inaugural spot Bitcoin and Ether Exchange-Traded Funds (ETFs) on Tuesday, according to Reuters. Despite high expectations, the launch received a lukewarm response from investors, with the six ETFs experiencing varied results in their initial trading session. UPDATE: HONG KONG'S […]
MicroStrategy’s Bitcoin investment signals a bullish outlook. MicroStrategy (MSTR) has experienced an impressive 461.7% surge in its stock price over the last year, indicating significant investor confidence despite challenging circumstances. With Saylor as its largest shareholder, holding shares worth over $2 billion and commanding 68% voting control, the company’s strategic decisions are closely watched. MicroStrategy […]
Market Analysis – April 29 The USDJPY currency pair has recently undergone a notable bullish breakout from a rising wedge pattern observed on the daily chart. Presently, it is displaying significant momentum as it advances towards challenging the key resistance level situated at 160.40. Key Levels for USDJPY Demand Levels: 151.90, 146.50, 151.90 Supply Levels: […]
PayPal leads a bullish charge for eco-friendly Bitcoin mining. In a bullish maneuver toward a more environmentally friendly Bitcoin (BTC) future, PayPal is leading an effort to encourage miners to embrace eco-conscious energy sources. Collaborating with Energy Web and DMG Blockchain Solutions, PayPal’s Blockchain Research Group is proposing a rewards program for “green miners” who […]
BTCUSD Gears Up for a Battle at $69,000 BTCUSD gears up to challenge the significant $69,000 resistance level, a level that once marked the market’s all-time high. Following the establishment of a new peak at $73,840, the cryptocurrency’s upward momentum has stalled. The market has since been consolidating, with a notable support level at $60,675. […]
