Bitcoin Back Above $50K As Market Recovery Begins

December 8th, 2021

Bitcoin (BTC) continues its Monday recovery that has seen BTC/USD regain the crucial support above $50,000.  Bitcoin price was continuously rejected by the $52,000 resistance level of December 07 as the big crypto gained carrying the crypto market with it. Bitcoin Price Is Still Bullish A look at the BTC/USD 1-hour candle chart below shows…

Indian Crypto Bill: Exchange CEO Discusses What to Expect

December 6th, 2021

There are reports that the Indian government may impose restrictions on self-custodial cryptocurrency wallets and only allow Indian crypto exchanges. The CEO of a major cryptocurrency exchange in India has shared his thoughts on the possible restrictions. The Indian government has listed a cryptocurrency bill to be taken up in the current session of parliament….

Bitcoin Price Analysis: Which Way For BTC As It Consolidates Above $56,500?

December 3rd, 2021

Bitcoin is trading above $56,000 with a bullish bias amid decreasing price volatility as market participants wait to see the direction the big crypto is likely to take before the year ends. If Bitcoin price moves up, it is likely to confirm the Santa Claus rally thesis that some analysts believe will take BTC to…

Bank of America Sees Massive Opportunity in Metaverse for Entire Crypto Ecosystem

December 2nd, 2021

Bank of America’s strategist says that the metaverse is a massive opportunity where cryptocurrencies will be widely used as currencies. “I definitely believe this is a massive, massive opportunity,” he said. Bank of America’s Metaverse Prediction Bank of America’s strategist, Haim Israel, told the Insider Tuesday that the metaverse is a massive opportunity for blockchain…

Bitcoin Trades Above $57K As MicroStrategy Extends The Adoption Curve

November 30th, 2021

Bitcoin (BTC) price leaped by approximately $4,756 on November 29 rising to brush shoulders with $59,000 for the fist time since losing this support last week. The uptick was triggered by the disclosure by MicroStrategy that they had added more BTC to their reserves. Although Bitcoin price analysis reveals that it has since recoiled towards…

Bitcoin Displays A Classic Rebound Off 54K As Corona Virus Uncertainty Lingers

November 29th, 2021

Bitcoin is currently trading above $57,000 rekindling hopes that BTC might get to new record highs before year-end. Regaining last week’s losses triggered by the new Omicron Coronavirus variant and fears around regulations in India, Bitcoin price crossed above the $58,000 psychological level on Sunday nigh and is still up 5.77% over the last 24…

Political Cartoonist Accuses NFT Platforms Opensea, Rarible of Being ‘Tools for Political Censorship’

November 29th, 2021

While non-fungibe token (NFT) collectibles have been very popular, NFTs have brought a slew of unique debates to the table and one of them has been censorship. The artist behind Stonetoss Comics, a series of political cartoons, has been censored by two very prominent NFT marketplaces — Opensea and Rarible. Stonetoss has told the public…

Uzbekistan Allows Residents to Trade Cryptocurrencies on Local Exchanges

November 26th, 2021

Changes to the rules governing activities of crypto exchanges in Uzbekistan now allow residents to trade coins on licensed platforms. Uzbekistanis could previously only sell their digital assets. The new provisions also regulate the issuance of tokens and their listing. Uzbekistan Loosens Restrictions on Domestic Crypto Trading Uzbekistanis will be able to trade digital currencies…

Bitcoin Whales Continue Massive Accumulation As BTC Supply Moves to Strong Hands

November 25th, 2021

As Bitcoin (BTC) continues to move sideways whales have been grabbing the supply in the meanwhile. As per on-chain data provider Santiment, Bitcoin millionaire-tier whale addresses have accumulated a staggering 60,000 Bitcoins over the past week. The data provider noted: If you’ve been waiting for #Bitcoin whales to show signs of accumulation, our data indicates it’s…

Bitcoin and Other Cryptos Tank Over 20 percent In India Amid Panic Selling Over Crypto Bill Confusion

November 24th, 2021

Heavy selling was witnessed on Indian crypto exchanges earlier today as reports about India banning private cryptocurrencies emerged. The Indian government is currently preparing to the table ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ next week on November 29. However, some local media houses reporting that government will ban private cryptocurrencies has…