BTCUSD Breaks Above $38,000 Resistance Level BTCUSD pops upward and has successfully surged above the formidable $38,000 resistance level, marking a significant breakthrough after nearly two weeks of persistent buyer efforts. Overcoming this resistance has been a challenging journey, with multiple tests and candle wicks attempting to breach the level. BTCUSD Key Levels Supply Levels: […]
Bitcoin (BTC) has experienced a remarkable rally, reaching its highest level since May 2022, fueled by a series of positive factors. CoinDesk reports that over the past two weeks, more than 37,000 BTC, valued at approximately $1.44 billion, exited centralized exchanges, signaling a trend of investors opting for direct custody and long-term holding. The notable decrease […]
A Bitcoin user who paid a whopping $3 million fee for a single transaction may get a refund from AntPool, the mining pool that processed it. AntPool announced that it has frozen the fee and is waiting for the owner to verify their identity before returning it. Learn 2 Trade previously reported that the user […]
BTCUSD Could Pullback Due to the $38,000 Resistance BTCUSD faces the prospect of retracing to the $35,000 support level, having encountered resistance at $38,000. Despite the bullish momentum that propelled the price up by over 42% in a remarkable four-week span, reaching from $26,300 to the formidable $38,000 resistance level, the cryptocurrency now grapples with […]
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 […]
