In tandem with this groundbreaking Bitcoin lease agreement in Argentina, there’s a potential bullish upswing for the coin. President Javier Milei’s executive order enabling diverse asset settlements, including Bitcoin, signals a transformative shift. Amid legal reviews, the prospect of more contracts being denominated in Bitcoin adds to the cryptocurrency’s positive outlook. CRYPTO BREAKING NEWSArgentina Registers […]
BTCUSD Aims to Reach the $50,000 Major Level BTCUSD aims steadfastly for the $50,000 mark, having previously encountered resistance below $45,000. Despite this hurdle, persistent buyer strength elevated the limit to $47,000. Now, with a clear focus on $50,000, the cryptocurrency is navigating an ascending channel, potentially requiring a breakout for expedited attainment. BTCUSD Key […]
BTCUSD Encounters the $47,000 Barrier BTCUSD encounters a notable obstacle at the $47,000 resistance level, coinciding with the upper boundary of its parallel channel. Despite significant upward movement, the market’s progress has stalled below the $45,000 threshold. However, a consistent upward trend persists along the middle line of the parallel channel. BTCUSD Key Levels Supply […]
Significant Bitcoin transactions surged, indicating whales’ confidence and potential price growth. Notable participants in the cryptocurrency space have seen a noticeable rise in transaction activity after the current price volatility in the Bitcoin market. A thorough examination of Santiment’s chart by AMBCrypto has revealed a significant spike in transactions above $100,000. CRYPTO BREAKING NEWSBitcoin: Rising […]
Understanding Hodlers’ Composition by Time Held In the dynamic world of cryptocurrency, the Hodlers’ Composition by Time Held metric offers a powerful lens to analyze and inform investment decisions. Empowered by IntoTheBlock, this metric categorizes crypto asset holders into three distinctive groups: 1. Hodlers: Those who have steadfastly held the asset for over a year, […]
BTCUSD Has Not Found a Way Out of Consolidation Bitcoin (BTCUSD) has demonstrated resilience within the upper range of its parallel channel, yet it has not managed to secure a definitive breakout. The market currently grapples with dual constraints: a resistance level of $45,000 and confinement along the middle line of the parallel channel. BTCUSD […]
Bitcoin’s value surged by 7.5% as the year began, reaching an impressive $45,900. This notable upswing was primarily fueled by heightened activity on the Chicago Mercantile Exchange (CME). Intriguingly, the CME’s Bitcoin price soared to about $1,400 higher than that of other exchanges, revealing substantial purchasing pressure. Recognized for hosting cash-settled Bitcoin futures contracts, the […]
BTCUSD Holds Above the $42,000 Threshold BTCUSD holds firm and keeps securing its position above the $42,000 threshold. Despite a robust bullish trajectory from October to early December being restrained beneath the $45,000 resistance level, Bitcoin has resiliently pulled back and maintained a foothold above $42,000. BTCUSD Key Levels Supply Levels: $45,000, $47,570, $50,000Demand Levels: […]
BTCUSD Drops Before Reaching the $45,000 Resistance BTCUSD drops in price, thereby experiencing a decline, failing to breach the $45,000 resistance level. Despite encountering resistance during its initial attempt in early December, where it faced an immediate rejection and dropped to $40,200, subsequent efforts to approach this significant level were met with a similar outcome, […]
