The critique of Ravi Menon, a managing director of the Monetary Authority of Singapore (MAS), sparks an anticipated bearish trend for BTC. These remarks mirror a growing doubt within financial circles. The misclassification of Bitcoin as ‘private’ also prompts inquiries into regulatory comprehension. Menon foresees a future financial landscape involving CBDCs, tokenized bank liabilities, and […]
BTCUSD Accrues Momentum to Bypass the $38,000 Mark BTCUSD is accumulating just below the significant $38,000 level, strategically positioning itself to gather momentum for a breakthrough. Even with the market’s initial bullish momentum, it has taken longer to break above the crucial $38,000 resistance level. BTCUSD Key Levels Supply Levels: $38,000, $42,570, $46,000 Demand Levels: […]
In a jaw-dropping Bitcoin blunder, a user has shattered records by paying an astounding $3.1 million in transaction fees for a $2.1 million transfer. This mishap surpasses the previous record of $500,000 set by Paxos in September. The transaction, confirmed by AntPool, a major Bitcoin mining pool, occurred in block 818,087. Despite the colossal error, […]
Amid Argentina’s economic crisis, Javier Milei, embracing anarcho-capitalism and a self-proclaimed Bitcoin enthusiast, emerges victorious. However, his win sparked concerns not only for Argentinians facing 140% annual inflation and a 40% poverty rate but also for Bitcoin’s reputation. While referencing Bitcoin in his political agenda, Milei’s radical concepts and contentious rhetoric cast a shadow over […]
Introduction to Crypto Mining Rigs Crypto mining rigs are no ordinary machines; they are specialized setups combining specialty hardware and Graphics Processing Units (GPUs) to execute complex calculations vital for verifying transactions on a Proof of Work (PoW) blockchain. Given the high demand for components in the crypto community, enthusiasts seeking a cost-effective yet hands-on […]
BTCUSD Is In the Hunt to Surpass $38,000 BTCUSD remains intent on surpassing the significant level of $38,000. The bullishness of the Bitcoin cryptocurrency during this period is well documented, having risen more than 40% in just about 6 weeks. Nevertheless, the market has met strong resistance since reaching $35,000. It has managed to bypass […]
Exchange-Traded Funds (ETFs): A Gateway to Bitcoin Investment Exchange-Traded Funds, commonly known as ETFs, are investment instruments that track specific assets or commodities. In the world of Bitcoin, ETFs serve as a seamless means for investors to engage with its price movements without directly holding the cryptocurrency. Instead of navigating the complexities of cryptocurrency exchanges, […]
BTCUSD Returns to an Ascending Channel Bitcoin (BTCUSD) rises back into its ascending channel. The coin staged a bullish move, reclaiming its position within a previously established ascending channel. The year 2023 has marked a significant period of recovery for this cryptocurrency, transitioning from a bearish trend at the beginning of the year, starting at […]
BTC/USD Suffers Rejection on first contact with the $38,000 resistance Bitcoin (BTC/USD) suffers initial rejection upon coming into contact with the $38,000 resistance level. The cryptocurrency has witnessed an incredible price increase over the past four weeks, beginning in mid-October. The coin was able to bypass the different key levels in different ways, either sharply […]
