Category: Cryptocurrency News

A crypto wallet and an accessible Bitcoin ATM are prerequisites for using Bitcoin teller machines.

Bitcoin, the flagship crypto slipped below $40K after the Federal Reserve Bank of the United States made hostile comments. Powell stated on Thursday that at the upcoming Federal Open Market Committee meeting, the Federal Reserve will consider raising the benchmark interest rate by 50 basis points (0.5 percentage point). Bitcoin Slips Below $40K It was just a few days ago that the leading cryptocurrency hit a high of about $43,000, its highest level in over 10 days. This was an especially surprising price given that the asset had fallen to a monthly low of just $39,000 earlier this week. BTC, on the other hand, was roundly rejected at its local peak and quickly reversed course. The asset’s value plummeted to $40,000 in a matter of hours. As the bulls lose the $40,000 support level, a level that has yet to be established as a meaningful line this year, the most valuable coin has no shortage of negative mid-term predictions. Bitcoin’s price failed to retain the important levels of $41,500 and $40,000 despite a strong negative control. Bears are expected to aim for the $38,536 swing low from Monday, which is a clear objective for those still in the trade. If the swing low is breached, the BTC price may be disappointed and fall back to low $36,000. As a result, bitcoin’s market capitalization has dropped to $750 billion, after briefly surpassing $800 billion earlier this week. Related Reading | Why A “Boring” Bitcoin Could Be A Good Thing Buy Or Sell? BTC price has to open above $44,088.73 on Monday, as a Macron victory will cause the Greenback to fall further, allowing for further upside possibilities. Add to that the fact that news from Ukraine is becoming increasingly second-tier and receding into the background, indicating that talks are still ongoing and a solution might be reached at any time, as Russian military efforts are now focused solely on the west, rather than the entirety of Ukraine. The French election is the major event risk this weekend. If Le Pen, a far-right candidate, defeats Macron in the election, expect a huge market shift and shock on Sunday evening and Monday in the ASIA PAC session. Currently, investors are ‘waiting and watching’ to see how the supply-demand situation will react to the support area. Since late January, the BTC price has been trading in a ‘rising wedge pattern,’ as shown on the weekly chart. BTC/USD trades at $39k. Source: TradingView A bounce-back is expected at the price from the current level with the bulls targeting the 51,000 mark. However, in this course of the journey, the bulls must close above the 50-day EMA (Exponential Moving Average) at $43,071. Related Reading | Is Bitcoin Gonna See Another Big Drop Soon? Historical Trend May Say Yes Featured image from Pixabay, chart from Tradingview.com

MATIC fell to its long-term support level on Saturday, following a surge in price during Friday’s session. This came as both RUNE and LUNA also dropped, and traded by as much as 5% lower to start the weekend. Polygon (MATIC) During what has been a bearish start to the weekend, MATIC was one of the […]

So I’m not giving financial advice, I’m actually paying someone a yearly fee to get some financial advice. We had our quarterly meeting today and he’s aware of how much I hold in crypto and strongly advised to sell everything as he’s expecting economic troubles on the horizon. He essentially said that as hikes continue…
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Bitcoin fell below $40,000 to start the weekend, as crypto markets continued to be submerged by the latest red wave. ETH was also lower on Saturday, and remained in the red for a second consecutive session. Bitcoin BTC dropped below the $40,000 level to start the weekend, following a three-day losing streak which has pushed […]

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As Wall Street opened today, resuming April 21 market losses, Bitcoin faced selling pressure.  Bitcoin prices fell following the stock market plunge. As a result, many experts predict that the Bitcoin price will take a hit and can dive to $37,500 per coin. Related Reading | Is Bitcoin Gonna See Another Big Drop Soon? Historical Trend May Say Yes According to TradingView data, on April 22, the price of Bitcoin hit $39,197. The crypto market significantly increased yesterday, with Bitcoin reaching above $42,700. Unfortunately, the day had cost bulls $40,000 support, which had not yet become meaningful at the time of writing. The Material Indicators team observed that the bids were filling at lower prices for analytics resources’ order books. According to a chart, there were about $100 million in bids waiting on Binance between spot and $37,500. In a tweet, Material Indicators said’ #FireCharts is showing ~$100M in #bitcoin bid liquidity between here and the $37.5k range. Expecting it to get filled, but watching to see if #BTCUSDT liquidity moves to the active buy zone or the buy zone moves to the orders resting on the @binance order book. Stock Market Today The U.S. stock market continued to go down today. The S&P 500 was down 1.75%, and the Nasdaq 100 was down 1.43% in the first 90 minutes of trading.  The bond market sell-off worsened and reached “historic proportions”  in Europe. In a tweet, markets commentator Holger Zschaepitz said; The European corporate bond market’s ongoing selloff has reached historic proportions, w/high-grade bonds losing a record 8.6% in total return terms since their Aug peak. This is now worse downturn than lows reached during early coronavirus turmoil & the GFC, BBG has calculated. Bitcoin Price Predictions Many traders were waiting before making any decisions about Bitcoin. As a result, the BTC/USD exchange rate was now in a critical area. Related Reading | Time Vs Price: Why This Bitcoin Correction Was The Most Painful Yet Michaël van de Poppe, CEO & Founder Eight Golbal, said; The level has hit. Let’s see how the market will respond from this area on #Bitcoin Cheds, a crypto funding analyst, looked at the price performance over the past few weeks and took a more ominous line. Bitcoin may now be in more trouble than people thought because it failed to stay above its range earlier this month, he warned on April 22. In his tweet today, Cheds said; $BTC my belief is most market participants are underestimating the impact of this failed breakout. Bitcoin has been experiencing a lot of pessimistic predictions about its price in the mid-term. One example is former BitMEX CEO Arthur Hayes, who believes that the price will reach $30,000 by June.   Featured image from Pixabay, chart from Tradingview.com