Betting on tax bill FUD: 5 things to watch in Bitcoin this week
Fresh hurdles to overcome for Bitcoin sentiment come as fundamentals stay solid and $40,000 refuses to go without a fight. Bitcoin (BTC) is at a crossroads as it starts a new week — hovering around $40,000 but with serious headwinds keeping it from bouncing higher.After an impressive weekend that saw highs above $42,500, a comedown saw BTC/USD lose the $40,000 mark.A reversal and consolidation were broadly expected — the pace of gains over the past week has rattled an investor base that until recently was still forecasting a drop to the $20,000 range.Cointelegraph takes a look at five....
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From bans to bills, the FUD is strong for Bitcoin and crypto this week, but traders are overwhelmingly optimistic about BTC price action. Bitcoin (BTC) is at the start of another week with China's latest "ban" behind it — but its next "FUD" story is already brewing.The United States' infrastructure bill is back on the table, with this week likely to see a definitive vote on what could shake up cryptocurrency businesses.At the same time, fundamentals and on-chain metrics alike continue to be more bullish than ever, and traders are betting on — at worst — a moderate price dip to a floor no....
The bill already signed into law legalizes online sports betting in the state with bookmakers permitted to accept cryptocurrency deposits from bettors. Wyoming has passed a new law legalizing online sports betting in the state with gamblers able to fund their accounts with bookmakers using cryptocurrencies.Governor Mark Gordon signed House Bill 133 into law on Monday, with new guidelines expected to take effect from Sept. 1. The move sees Wyoming becoming the second state in the United States to permit online sports betting.As part of the bill, the state’s legislature recognized crypto as....
Here's a look at what we are focusing on in the bitcoin price this morning. So that’s another weekend out of the way, and considering what we saw in the bitcoin price heading into the close of the week last week, things we’re relatively flat. In the second of our twice daily bitcoin price watch pieces on Friday, we noted that there looked to be plenty of volume pushing the markets throughout the day, and that this might be indicative of some weekend long volatility. As it turned out, this wasn’t the case. Things remained pretty inactive (at least, that is, from a price perspective) and we....
We’ve had a chance to use the Nitrogen Sports online betting platform for a while now, and it’s easy to see why they have such a loyal following. We decided to put together a list of the 10 Things We Love About Nitrogen Sports to explain what makes them unique. 1. 100% Bitcoin. Having a Bitcoin betting site means actually holding balances in Bitcoin, which is huge. It’s huge because transfers take a fraction of the time compared to other betting sites. 2. The Design. It’s so nice to be able to interact with a professional-looking platform, where it’s obvious they spent time on the little....
Here's a look at what we are focusing on in the bitcoin price this morning. In last night’s bitcoin price watch analysis, we took a look at what had happened throughout the day, and noted that the way price was moving made it pretty tough to maintain a steady strategy during the latter half of the week. Not that we haven’t been able to draw profits from the market – things have been pretty good to us – but that being able to keep things tight from a risk management perspective is a little harder than normal. Anyway, for the final day of the week, we’re going to shuffle things around a....