Bitcoin Approaching $22K, Market Gets New Reason to Celebrate?
Bitcoin has gained $500 in the past hour as the U.S. potentially confirms what could be a short-lived peak in inflation metrics. The U.S. Central Bank, and the Federal Reserve (Fed), will hold an important event today, and the crypto market might see a bullish continuation. Related Reading: TA: Ethereum Loses Steam, Why 100 SMA Is The Key For More Gains At the time of writing, Bitcoin (BTC) trades at $21,800 with a 1% profit in the last 24 hours and a 6% loss in the past 7 days. The cryptocurrency was rejected north of $22,000 and seems to be on track to re-test those levels of resistance.....
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Following three consecutive sessions of declines, BTC was fast approaching its support level of $40,000 on Friday, as markets prepared for February’s nonfarm payrolls report. This came as ETH also fell lower, and is approaching its own floor of $2,500 in the process. Bitcoin BTC bulls have been few and far between over the last few days, as the world’s largest cryptocurrency faced growing pressure from bears. This pressure came following Tuesday’s climb to the resistance level of $45,000, which then triggered an onslaught of short sellers, who entered the market. As....
Phemex & Banxa: Partners That Pack a Punch With Russia Day around the corner, crypto exchange Phemex and global fiat payment partner Banxa are looking to give crypto purchases a new way to celebrate. The global holiday that has been a long-time celebration for citizens of the Russian Federation is on June 12th. To celebrate, […]
Bitcoin price broke above its 2019 high, and after that, took off another $5,000. The reason why the level was so critical to confirming a reversal back into a bull market, was due to the resistance residing at the golden ratio – based on the Fibonacci sequence. Today, to celebrate both Fibonacci Day and Bitcoin’s […]
Bitcoin Black Friday has become a household name to Bitcoiners around the world, even those that don't celebrate Thanksgiving, the reason for Black Friday's commercial existence. Over the past year, larger and larger merchants have started experimenting with holding the bitcoins that they receive, or offering bitcoin discounts or even bitcoin-only deals. This year's Bitcoin Black Friday is likely to set a new standard for Bitcoin-only deals. Also read: The Future of Everyday Life with Digital Currencies. BitPay Reminds Bitcoin Merchants to Participate In Bitcoin Black Friday. Earlier this....
People from all over the world are planning on buying $30 worth of bitcoin to celebrate El Salvador making it legal tender.