A key Bitcoin (BTC) metric has just reached its lowest levels since the months after the March 2020 market crash. As noted by popular analysts on Jan. 5, Bitcoin’s relative strength index (RSI) is printing a “hidden bullish divergence” on monthly timeframes — and if it plays out, they say, the result will be very
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The United Kingdom’s Advertising Standards Authority, or ASA, has ruled to place an official ban on two mobile application advertisements from popular trading platform Crypto.com which promoted the ease of purchasing cryptocurrencies such as Bitcoin, as well as earning yield rewards on digital assets. Gaining notoriety within the industry for their strict legislation on the
Bitcoin (BTC) and most major altcoins are stuck in a tight range with bulls buying near the support and bears selling at resistance levels. Usually, such tight ranges are followed by an expansion in volatility. Although a few analysts have not ruled out a quick drop to low $40,000s, most traders expect Bitcoin to rebound
The United States Securities and Exchange Commission has postponed its decision to approve NYDIG’s spot exchange-traded fund (ETF) for Bitcoin (BTC), delaying until March 16. In a notice published on Tuesday, the SEC found it “appropriate to designate a longer period within which to issue an order approving or disapproving” the ETF. Upon the news,
Popular travel website Airbnb could soon accept cryptocurrencies for payments, CEO Brian Chesky has hinted. “Like the revolution in travel, there is clearly a revolution happening in crypto,” he added. Airbnb’s CEO Says ‘There Is Clearly a Revolution Happening in Crypto’ The CEO of Airbnb, Brian Chesky, asked on Twitter earlier this week, “If Airbnb
El Salvador’s government, led by President Nayib Bukele, has moved ahead with plans to issue Bitcoin bonds by preparing 20 bills designed to provide a legal framework for them. Head of the Treasury Alejandra Zelaya told El Salvadoran media El Mundo on Jan. 4 that the bills will cover regulations about issuing securities as cryptocurrency
Airbnb CEO Brian Chesky tweeted a poll on Monday asking his roughly 400,000 followers what they wanted from the rental platform in 2022. Chesky has today revealed that the majority of respondents want to be able to pay with Bitcoin (BTC) or other popular digital currencies when renting their next house or apartment on Airbnb. Other
The nonfungible token (NFT) market is gaining momentum as the next frontier in collectibles, gaming and the metaverse. To accelerate this vision, OpenSea announced on Jan. 4 that it has secured $300 million in a Series C funding led by Coatue and Paradigm. OpenSea is a digital market based on the Wyvern Protocol, which is
Decentralized finance (DeFi) was one of the breakout sectors of the cryptocurrency market in 2021 and stands poised to continue to facilitate the mass adoption of cryptocurrency in 2022. This comes as institutional and retail investors embrace the emergence of Finance 2.0. One DeFi project that has kicked off the year with a bullish start
The prospects of Ren (REN) continuing its ongoing rebound to fresh highs appear slim as a classic bearish reversal pattern begins to emerge. Dubbed head and shoulders, the setup appears when the price forms three peaks, with the middle peak (called the head) longer than the other two peaks described as the left and right
Brian Armstrong, CEO of Coinbase — the largest cryptocurrency exchange in the United States — reportedly made a multi-million-dollar real estate purchase at the end of 2021. Armstrong bought a $133-million Los Angeles property from Japanese entrepreneur Hideki Tomita in December, The Wall Street Journal reported on Monday, citing anonymous people familiar with the matter.
Bitcoin (BTC) witnessed a roller coaster ride in 2021 and even though BTC has corrected sharply from its all-time high at $69,000, the digital asset is still up by 60% year-to-date. During the same period, gold has dropped more than 5%. With inflation soaring in the United States and several other parts of the world,
New York-based crypto predictions platform Polymarket has reached a settlement with the Commodity Futures Trading Commission (CFTC) to pay a fine of $1.4 million. Polymarket is a decentralized platform that enables users to bet on the outcomes of event markets such as pro-sports games and political elections via binary options contracts. On Jan. 3, the
The co-founder and managing partner of Nexo, a major cryptocurrency lender, has predicted that the price of bitcoin will be $100K by mid-2022. He highlighted “two simple reasons” why he is bullish about the price of bitcoin this year. Bitcoin Expected to Reach $100K by Mid-Year Antoni Trenchev, the co-founder and managing partner of Nexo,
Bitcoin (BTC) is in line for “explosive” price action as derivatives markets return to form in 2022, a new forecast states. In a tweet on Jan. 4, Vetle Lunde, an analyst at Arcane Research, confirmed that BTC denominated open interest (OI) had returned to all-time highs seen in November. Open interest demands “fireworks” within weeks
The mood across the cryptocurrency is one of growing anticipation as the price of Bitcoin (BTC) continues to trade just below $47,000. The sideways price action has analysts warning that an “explosive volatility period” is rapidly approaching but few have been willing to predict the direction of the breakout. While Bitcoin price compresses, the altcoin