Bitcoin Thanksgiving Gift, Why BTC Heads For Fresh Rally
Bitcoin has been trading on the green side this Thanksgiving morning with a 4.1% profit in the 24-hour chart. Approaching a critical resistance level, BTC’s price stands at $59,042 and could see more appreciation in the short if it manages to flip $60,000 to support. Bitcoin has been rangebound for the past week with low volatility for the most part as the price was rejected close to $60,000 on Monday. According to QCP Capital, an institutional investor is most likely responsible for the price action and suppression of any serious momentum on BTC’s price rally attempts. Related Reading....
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You’re sitting at the Thanksgiving table, and your aunt is going on and on about where she is going to shop on Black Friday. When she mentions Target, your cousin remarks that her credit card was stolen in their data breach a few years ago. You quickly say, “That wouldn’t have happened if you used Bitcoin,” which leads to an awkward silence. “Isn’t that....
Bitcoin is a booming business in the United Kingdom, assuming one knows how to play their cards right. Gift Off, a company specializing in selling gift cards for Bitcoin, recorded an all-time high turnover in February of 2016. Cryptocurrency enthusiasts in the United Kingdom will have heard of Gift Off before, as this Norwich-based online shop sells gift cards in exchange for Bitcoin payments. Up until this point, the company has sold close to GBP2.1m worth of gift cards, of which over GBP200k was processed last month. Considering how Gift Off is focusing on various gift cards, it seems....
Holiday-themed NFTs and Black Friday crypto deals are sure to be appetizing conversation starters this Thanksgiving, but how will these offerings be received? From the rise of the Metaverse to major brands announcing nonfungible token (NFT) drops, cryptocurrency mass adoption is well underway. Americans in particular have taken a growing interest in crypto, as recent findings from the Pew Research Center found that nearly a quarter of 10,371 adults in the United States were familiar with cryptocurrency, while only one-eighth (13%) were entirely unfamiliar with the concept. Additional....
Bitcoin can serve as an excellent gift for those trying to introduce people to the technology who may not have taken the plunge on their own.
One of the more common ways for consumers to spend Bitcoin is by buying gift cards from various retailers and outlets. Popular Bitcoin gift card services will often offer a small discount on every purchase. Giving consumers an extra incentive to spend digital currency. A recent survey by CardCash shows how Starbucks gift cards are a clear fan favorite, whereas Visa Gift Cards are far less preferable. Most of these trends seem to correlate with how consumers would spend USD balances on gift cards, though.