Bitcoin
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AVAX Technical Analysis: 200-Day Average Exceeded
Having completed the last week with the rise with the leading cryptocurrency Bitcoin, AVAX continues to rise with support from the EMA55 level at $ 17. Having faced sales from this region before, AVAX started the new week by breaking the 200-day average. AVAX, which had a quieter day yesterday, will start the new week more aggressively, and trade above the 200-day average will increase the expectations for AVAX. At…
Read More » - Cryptocurrency
Solana Exceeds the Predictions With Over $800 Million Trading Volume
According to statistics released by crypto analytics platform Token Terminal, Solana (SOL), the cryptocurrency that drives Solana‘s high-performance smart-contract-enabled blockchain, had an incredible $830 million in trade volumes on February 16th. This was the second-highest day trade volume in two weeks, with just February 15th topping it with $850 million. Solana has whipsawed both sides of its 21-Day Moving Average (DMA) around $23.0, resulting in an increase in trading volumes. On Friday,…
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CleanSpark is Making a Provident Move for Mining
CleanSpark, a bitcoin miner, has increased its mining capacity in the United States by buying 20,000 additional Antminer S19j Pro+ processors for $43.6 million. The acquisition will increase the company’s computing capacity by 37%, bringing the total number of miners acquired during the bear market to 46,500 units. Video content CleanSpark will pay $32.3 million for the equipment after implementing coupons at a 25% discount, for a total price per…
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George Soros Increases Bitcoin Investments
Hungarian-American billionaire George Soros’ investment firm, Soros Fund Management, has been rapidly expanding its investments and exposure to cryptocurrency companies, as revealed by filings with the U.S. Securities and Exchange Commission (SEC). For instance, $39.6 million was invested in debentures of Bitcoin miner Marathon Digital Holdings alone! George Soros Invests In MicroStrategy With A Lot Of Bitcoin On Hand The quarterly report, Form 13F, uncovered that Soros‘ fund took ownership…
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Skew, One of the Famous Traders of the Crypto World, Predicts a Big Move in Bitcoin
Trying to predict the future of Bitcoin (BTC) is no easy feat, yet some analysts are already making bold predictions. Recently trader Skew revealed his expectations for the crypto market’s trajectory and made a compelling case as to why they will become a reality. Bitcoin Will Either Drop To $19k Or Rise To $29k, According To The Skew Analyst With the growing number of Bitcoin non-zero balance addresses, analysts are…
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Paxos News Costs Binance Nearly $1 Billion
Yesterday, the cryptocurrency market trend declined after Paxos announced it would temporarily stop issuing Binance USD (BUSD). Despite recovering slightly around noon, Binance Coin (BNB) continued the week in a slump. Dune Analytics reported that on February 13th, a colossal fund outflow of almost $1 billion was observed from the Binance platform. US Regulators’ Actions Are Putting Pressure on Binance In recent weeks, the US regulatory bodies have initiated numerous…
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IMF Suggests That The Restrictions on Bitcoin Intercept Any Risk of a Speculative Market for El Salvador
Following a recent visit, the IMF has advised El Salvador to “reconsider” its intentions for using Bitcoin. Due to the “speculative nature” of the cryptocurrency markets, the worldwide monetary audit organization has recommended El Salvador to be cautious when increasing government exposure to them. The International Monetary Fund (IMF) stressed in a statement on February 10 that El Salvador’s usage of Bitcoin is “limited” and as a result, the dangers…
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Tesla Still Holds Nearly 10,000 Bitcoins
Two years after Tesla invested in Bitcoin, the cryptocurrency is still 33% below its original purchase price – showing no signs of improvement. It’s time for Elon Musk and his company to take action if they want to see any return on their initial investment; currently, most of the profits are disappearing into thin air. Tesla Lost A Considerable Amount of Money in Its Bitcoin Investments Elon Musk’s declaration of…
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The Kingdom of Tonga May Accept Bitcoin as the Official Currency by the End of the Year
Will the Polynesian Kingdom of Tonga make bitcoin a legitimate and authorized currency by the close of 2021? Lord Fusitu’a declared that it was certainly possible. This South Pacific isle may launch cryptocurrency as an accepted form of payment in Q2 2023, while they could start harnessing geothermal energy for crypto mining sometime during Q3 this year! This Bitcoin Regulation In The Kingdom Of Tonga Has Been On The Table…
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US Employment Data Causes Bitcoin to Drop
Today was a remarkable day for the US labor force with the release of highly anticipated US employment data that revealed an amazing 517 thousand job increase in January, far surpassing expectations of 185 thousand. This great news caused Bitcoin ‘s price to drop to $23,244 shortly after the announcement and remain at approximately 23K today. Why Are Markets Falling? The question on everyone’s mind is why Bitcoin and other…
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