Bitcoin Under Pressure Near $40K, Here Are 2 Reasons Why That Could Change Soon
Bitcoin remains rangebound in the high $30,000 to low $40,000 areas. The first crypto by market cap has seen its volatility reduce as several factors contribute to the slowdown across the sector. Related Reading | TA: Bitcoin Trims Gains, Support Turned Resistance At $41K At the time of writing, Bitcoin (BTC) trades at $40,500 with a 6% loss in the last 24-hours and a 1% profit over the past week. Trading firm QCP Capital believes Bitcoin has been trading in a larger range as it reclaimed the area around its current levels. The firm claims that there are 2 main reasons behind BTC’s....
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Just before the 26th United Nations (UN) Climate Change Conference (COP-26), the UK government polled 3,071 adults from Britain to ask them their opinions on cryptocurrencies and the crypto industry’s effects on climate change. According to the survey, 45% of Britons would support banning crypto assets for environmental reasons and 18% would oppose a ban. Even though 45% of the polled crowd would ban crypto assets, very few respondents think a ban would be effective.
45% of British Adults Surveyed Would Ban Crypto Assets Over Climate Change Concerns
This week climate....
Bitcoin deserves to be the dominant world currency. Unfortunately, though, resistance to change delays the widespread acceptance that Bitcoin deserves. Without the obstacles created by this reluctance, Bitcoin would surely flourish more quickly and widely. The disruptive nature of Bitcoin and the blockchain technology brings change — profound change.....
Bitcoin price looks on track to set a new all-time high for these 4 key reasons. Earlier today the price of Bitcoin (BTC) hit $18,815 on Binance for the first time in nearly three years. Following the breakout, BTC is on track to see a new all-time high in the near term for four significant reasons.The factors that make a new record high likely are growing institutional demand, reduced selling pressure, a spot-driven market rally, and the significance of the $18,500 resistance breach.BTC/USD 4-hour chart. Source: TradingView.comBitcoin is seeing reduced sell pressureFor Bitcoin holders to....
The Bitcoin price has risen above $35,000 for the first time since early May 2022, for which there are a number of reasons beyond mere speculation. These are the five most important reasons. #1 BlackRock’s Spot Bitcoin ETF Approval Looms Large The primary driver behind the surge seems to be the growing anticipation surrounding the […]
Coinbase used to be great. You signed up with an email address, bought bitcoins with dollars, or sold bitcoins for dollars. It was pretty simple. I recommended their service to literally every person who ever asked me how to buy Bitcoin. Now almost two years later, I've contacted the people I sent Coinbase's way and advised them that due to the company's recent (and extensive) violations of the ethics of the crypto world, I'd recommend ending any relationship with them. Here are the top five reasons why: “In the event that your controls change and you are able to prevent such activity from....