What Bitcoin Needs To Regain Its Higher Marks, Analyst Explains
The crypto market crash started from the Feds and its fight against inflation. The announcement to increase interest rates caused a panic that created doubts in the minds of crypto investors. As the Federal Reserve implemented the plan, the overall financial markets, including crypto, plunged. Another factor that helped push crypto prices down was the crash of Terra Luna USDT. The algorithmic stablecoin depegged, leading to massive losses that plunged the market into oblivion. Since then, crypto prices have fluctuated in a terribly prolonged crypto winter. Related Reading: Serum (SRM)....
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The bitcoin price has undergone another small rise, hovering around $640 at press time. Nothing huge, but every step counts. Bitcoin Price at Highest Level Since Bitfinex Hack. As one analyst points out that bitcoin has reached its highest level since August, when Hong Kong-based bitcoin exchange Bitfinex saw over $70 million in BTC stolen from its storage wallets. Bitcoin immediately plummeted following the attack, and has been relatively slow regain ground. For now, though, the currency does appear to be making headway. According to some, this is only the beginning. One source explains....
Bitcoin has the potential to hit $56,000 in the coming sessions, asserted independent market analyst Josh Rager. The Blockroot.com founder said in a tweet published Tuesday that BTC/USD could keep on rallying higher based on two reasons. First, the recent approval of US President Joe Biden’s $1.9 trillion stimulus package in the Senate could assist […]
A recent publication by the Bitcoin Foundation explains the Foundation's view on trademarking the term "Bitcoin". While some may argue that Bitcoin should be trademarked and protected against misuse, Bitcoin Foundation thinks otherwise. The Bitcoin Foundation believes that the term "BITCOIN" alone should not be the intellectual property of any individual or entity. Rather, it is a generic term like the terms used for other currencies such as "dollar", "euro," "yen," etc. The Foundation is committed to doing what it can to protect the term "BITCOIN" for public use. 35 Marks Containing....
Top decentralized finance (DeFi) coins such as Aave and Yearn.finance’s YFI have exploded higher over the past few days. Since bottoming last week when Bitcoin began to rapidly appreciate higher, top coins pertaining to DeFi have gained 100%. The DeFi rebound has caught many investors off guard. There were many analysts that were saying that […]
A paused Bitcoin price rally has increased its probability of undergoing a major pullback, as per independent analyst Vince Prince.