Category: Cryptocurrency News

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After almost seven months and over 8.4 million emails on the waitlist Coinbase opened its NFT marketplace to the public but only recorded 150 transactions on the big day.

Please educate the uneducated. I am fairly new to the crypto world, but I have been hearing that the bitcoin halving period supposed to happen in 2024 will increase the demand for bitcoin (and consequently, for alt coins) since the supply will take a hit. What is the likelihood of this happening? Would we see…
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The Terra Foundation has added another 37,863 Bitcoin to its reserve, making the purchase worth $1.5 billion. The current purchase brings it much closer to the ultimate aim of its $10 billion bitcoin reserve goal. Co-founder of Terraform Labs, Do Kwon, expects the goal to be achieved by the third quarter-end. “For the first time,…
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It looks like there is a lot of panicking going around right now. Not just on reddit Cc or in El Salvador because El presidente yolo’d into btc at the top, but everywhere… War, incoming famine, inflation,crash,climate,nuclear attacks… Everything seems quite gloomy, and i can definitely imagine people selling of to cover other needs right…
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Bitcoin recovered on its chart over the last 24 hours as the king coin surged by 2%. Prices of the coin saw some respite after visiting the $37,000 price level. As broader markets started to recover Bitcoin’s price action moved on a north-bound journey. Currently, Bitcoin’s prices were trading in a tightly consolidated region because the coin did not manage to go past the $39,800 price mark. It is too early to say if the bulls have resurfaced completely in the market. If demand doesn’t recover considerably, then the digital asset could fall back to the $38,000 price level,  which is acting as a support level for the coin. It is however a positive sign because Bitcoin has managed to break past its multi-week resistance line. If the bulls continue to exert pressure then Bitcoin over the upcoming trading sessions could manage to revisit the $40,000 price mark. Bitcoin buyers have to continue staying in the market for the coin to successfully trade on the upside. Bitcoin Price Analysis: Four-Hour Chart Bitcoin was priced at $39,100 at the time of writing. After breaking past the multi-week resistance the coin again fell from the $39,800 price level. This indicated a brief correction because the coin’s prices plunged at the time of writing. Immediate resistance for the coin stood at $40,000. A break above that price mark could push Bitcoin to run to the $44,000 price level. On the flip side, the support level rested firmly at $37,900 and a fall beneath which, Bitcoin would trade near $37,000. The trading volume of the coin is yet to pick up momentum because the last trading bar was seen in red indicating negative price action. Technical Analysis The break above the multiweek resistance caused the buying strength to fall considerably. After rising on the chart considerably, the coin plunged at press time. Gains weren’t substantial and that had pushed the coin down further. The Relative Strength Index was seen closing near the 50-line which signified a fall in buying strength because buyers were exiting the market. The fear index of the market stood at 27, which points toward considerable fear. Bollinger Bands depict volatility in the market and the indicator expanded at the time of writing. An expansion of the bands indicates an anticipated increase in price volatility over the upcoming trading sessions. Related Reading | Bitcoin Long Squeeze Incoming? Funding Rates Surge Up MACD is responsible for depicting market momentum and it indicates bullish momentum for the coin. At press time however, the histograms were seen fading and that signalled at continued bearish price action for the coin. Chaikin Money Flow was positive about the capital inflows because the indicator was above the half-line. The indicator however, noted a small downtick and that could possibly mean an increase in capital outflows reaffirming continued bearishness in the market. Related Reading | One Coin, Two Trades: Why Bitcoin Futures And Spot Signals Don’t Match Up Featured image from UnSplash, chart from TradingView.com

In 2013 I downloaded this random app called Coinbase and invested a large percentage of my net worth into Bitcoin. I was a poor college student and I eventually got evicted soon after I made the purchase. The amount wasn’t a lot. Sadly Bitcoin dumped right after I purchased it. Instead of selling I just…
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Tesla and Spacex CEO Elon Musk has secured $7.139 billion in new financing commitments to fund his acquisition of Twitter, including from several pro-crypto companies. Cryptocurrency exchange Binance, for example, has committed to invest $500 million in the social media platform alongside Musk. Crypto-Friendly Companies Join Elon Musk to Buy Twitter Tesla CEO Elon Musk […]

Bear in mind these kids are like 6-7. Kids that young just respond honestly to questions, they don’t really have a filter. For many of them, their immediate heuristic for a coin is crypto, i.e. bitcoin over thinking a coin is a quarter or something. I imagine there’s many children out there that haven’t really…
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