Bitcoin bulls were in for a shock this Thursday as the flagship cryptocurrency “crashed” from $57,209 to as low as $50,305. Many catalysts worked behind the scenes as BTC/USD plunged to its multi-week low. Signs of a recovering job sector, rising interest rates, and nascent inflation spurred rotation from highly-valued […]

The Bitcoin price started correcting almost immediately after Elon Musk announced that Tesla can now be bought with Bitcoin. Bitcoin had initially dipped, losing around 4% at midday, and continued to correct downwards the following day. Bulls reclaimed momentum a few minutes after he made the series of tweets and […]

Bitcoin and the entire crypto sphere continue to gain traction from various players, including States and regional governments. In a recent interview with the New York Times, Francis Suarez, the Mayor of Miami, stated that his administration is keenly working on making the City the world’s digital assets capital. The Mayor […]

Bitcoin’s bull run since last year has seen the top digital asset record massive gains and new all-time-highs despite going through multiple corrections. Bitcoin now holds a 7-day high of $59,014 and a weekly low of $53,285. The top coin has lost 1.2% on the day to trade at around […]

An overnight price correction in the Bitcoin market after the Federal Reserve Chairman Jerome Powell’s testimony paused midway as Elon Musk came to the rescue. The celebrated billionaire entrepreneur announced early Wednesday that his company Tesla now accepts Bitcoin as payments for its electric vehicles. He added that Tesla uses […]

On Wednesday (March 24), Tesla Co-Founder and CEO Elon Musk, currently the world’s second richest person, announced that the U.S. electric car maker is now accepting payments in Bitcoin. On February 8, the world learned from Tesla’s latest annual report (Form 10-K) that the company had invested $1.5 billion in […]

The CEO of on-chain data firm CryptoQuant, Ki Young Ju, has explained to his over 120,000 followers on Twitter how they can buy bitcoin at ‘global bottoms’ by taking advantage of price reversals and cryptocurrency exchange indicators. According to the CEO, once the price of bitcoin experiences a significant pullback […]

On Tuesday (March 23), around 12:00 UTC, according to South Korean blockchain analytics startup CryptoQuant, approximately 14,666 BTC (worth roughly $806 million) moved off Coinbase Pro. Ki Young Ju, CEO of CryptoQuant, told CoinDesk: “The outflow was split into multiple wallets, which could be their hot wallets, representing an internal transfer […]

Bitcoin price is back in the mid-$50,000 range, after several rejections from resistance at above $60,000 per coin. A visit to support levels to test demand much lower might soon become a reality now that a technical indicator measuring momentum has flipped bearish for the first time since 2020. Here’s […]