Tag Archives: Bitcoin

MARKETS NEWS

How low will Bitcoin go, will it drop to $28,000?

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Bitcoin and altcoins fell very fast. So how much will Bitcoin drop, will it drop to $28,000? famous analyst comments. The month of May was not good for the coin market. Bitcoin and altcoins started very low. And still, the cryptocurrency market continues to decline.

Bitcoin has lost a lot of value in the last 24 hours, falling as low as $ 30,380. Ethereum also fell heavily, dropping as low as $2,260 on Sunday evening and losing its support point. However, some experts have warned that the continued gains of the US Dollar Index (DXY) could push Bitcoin, Ether, Cardano, Solana, Shiba Inu and other cryptocurrencies into further corrections.

Darshan Bathija, co-founder and CEO of Singapore-based crypto platform Vauld, said: “The Nasdaq 100 has dropped once again for its fifth week in a row. The crypto markets are moving at the same pace as the stock market, and what we’re seeing right now is investors’ interest in Bitcoin. He sees i as a risky asset. In light of fears of rising inflation, many investors have taken a risk-averse approach by selling stocks and crypto to mitigate risk.”

Peter Brandt wrote on his twitter account on May 1, 2022; He said that the Bitcoin price could drop to $28,000. Today, reevaluating its stance, the revised support target is “buy when everyone else is selling, sell when everyone is buying”.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Microstrategy Denies Reports That It Is Selling Bitcoin

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The Microstrategy company, which regularly buys Bitcoin (BTC), has published news that it sells Bitcoin. Michael Saylor (CEO of Microstrategy) also made a statement on the subject. Microstrategy’s CEO, Michael Saylor, denied claims that Microstrategy was selling Bitcoin.

Michael Saylor, CEO of Microstrategy:
“Microstrategy’s CEO, Michael Saylor, has denied allegations that Microstrategy is secretly selling Bitcoin (BTC). Also, Michael Saylor said they have an obligation to report any such transaction to the SEC” (For buying and holding Bitcoin) or any material changes to Bitcoin holdings, we disclose it to our shareholders through SEC filings.” told

Also, Michael Saylor emphasized that MicroStrategy plans to continue investing in Bitcoin in anticipation of mass adoption. Besides, MicroStrategy has increased its Bitcoin holdings to around 130,000 BTC after investing an extra $200 million on a loan.

quotation

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

El Salvador bought 21 more Bitcoins

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After El Salvador bought 21 more Bitcoins, El Salvador had 1141 Bitcoins (BTC). El Salvador’s President Nayib Bukele has made great gains by buying Bitcoin. But the people of El Salvador still have a reaction to the President.

El Salvador continues to buy Bitcoin (BTC) as Bitcoin drops. continues to increase its Bitcoin reserve by continuing to buy on the decline. El Salvador President Nayib Bukele announced on Twitter that his “government will receive 21 BTC to commemorate the 21st day of the 21st year of the 21st century.” A different perspective for buying bitcoin.

New Salvadoran President Nayib Bukele speaks after receiving the presidential sash during a swearing-in ceremony in San Salvador, El Salvador June 1, 2019. REUTERS/Jose Cabezas

He also posted the image of the receipt for the Bitcoin buy order on Twitter. El Salvador is the first country to recognize Bitcoin as its national currency. I guess as Bitcoin drops, El Salvador will continue to buy Bitcoin (BTC).

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Ledger Launches Visa Debit Card Crypto Life card

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Ledger announced today the launch of a debit card called Cryptocurrency Life for Bitcoin and some cryptocurrencies. More than 50 million online shops and merchants will be able to pay with the newly released visa fold.

The tool that the Visa network will use is the result of a collaboration between Ledger and financial services company Baanx Group.

According to the information received, cards can be managed and loaded from the Ledger Live application, both desktop and mobile versions are available. In addition, these cards will be able to open lines of credit to obtain cash, use financial instruments and use cryptocurrency as a pledge for consumption. Interestingly, rates and other rates start at 0%, although they may vary by location.

What cryptocurrencies will Cryptocurrency Life use?
Bitcoin, Ethereum (ETH), Tether (USDT), European Cash (EURT), U.S. Dollar Coins (USDC), Ripple (XRP), Baanx (BXX), Bitcoin Cash (BCH) and Litecoin (LTC) may increase in variety in the future.

source: ledger.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

As cryptocurrency rises, the number of miners continues to rise

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In the last 2 years, economies have suffered greatly due to the Covid-19 epidemic in all countries. But some tech firms earned more and became rich. As countries are closing and businesses are closing, some of the tech companies have made huge servert gains.

With the impact of the great epidemic covid, cryptocurrencies Bitcoin, Ethereum and other digital currencies attracted great attention. Even financial institutions have started to buy cryptocurrencies. Banks have started to deal with blockchain companies to use blockchain-based systems. Some firms, such as PayPal, have announced that they can buy, sell, and hold Bitcoin and cryptocurrencies.

As the crypto market grew rapidly, so did the number of miners. Miners with effective and efficient equipment made good profits.

miner mining

MarketsAndMarkets said: “Mining is an integral process for the creation, transmission and verification of transactions in cryptocurrencies. It ensures a stable, safe and secure spread of currency from payer to buyer. Unlike fiat currency, which is controlled by a central authority and regulates transactions, cryptocurrencies are decentralized and operate on a peer-to-peer system. APAC will grow at the highest CAGR during the forecast period (2026). In terms of value, APAC will grow at the highest CAGR during the forecast period. The Rest of APAC (RoAPAC) has been reviewed for RoAPAC, Singapore, Malaysia, Thailand, India, Australia and New Zealand. China is the largest market among all APAC countries. Thanks to its low cost of electricity and the presence of large mining companies.”

Although miner devices are at high prices, miners continue to renew themselves in the burgeoning cryptocurrency industry.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

ALTCOIN NEWS

Ethereum hits new record, bitcoin hits 3-week high

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Bitcoin rose to an all-time high on Monday. While experiencing positive news and inflation fears, Ethereum hit a new record. Bitcoin surged as high as $66,538 while approaching the old record level of $67,016.50.

Ethereum is up 58% since the beginning of October. Also, due to developments in the USA, bitcoin increased by about 51%. “Financial institutions want to be a part of it, regulators don’t want to push it too hard,” said Kyle Rodda, analyst at broker IG Markets. “We’re almost past the inflection point where it’s part of the system and it’s going to be very, very difficult to recover.”

In addition, Australia’s largest bank announced that it will offer crypto trading to its retail customers. There were positive developments regarding Bitcoin in other countries as well. A week ago, Eric Adams, Mayor of New York, said he would receive his first three paychecks in bitcoin. In the USA, the mayor of Miami made a similar statement.

Countries and many municipalities around the world are planning to make their cities “centres of the cryptocurrency industry”. We see that crypto technology is growing very rapidly.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

ALTCOIN NEWS

Ethereum ETF approval may come before Spot Bitcoin ETF

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The SEC has yet to give an approval for the Ethereum ETF. Bitcoin ETF are viewed positively, but no clear statement has yet been made. But ETF is not falling off the crypto agenda. Grayscale, on the other hand, thinks that a Bitcoin-based ETF will be more effective.

Bloomberg Intelligence, on the other hand, recently published a report investigating why a spot bitcoin ETF is less likely than an Ethereum ETF. The report laid out the reasons why they believe Ethereum ETFs are much closer to us than Spot Bitcoin Funds. Considering that the language in Bitcoin and Ethereum ETFs is almost the same, Ethereum ETFs are more likely to be released soon.

Bloomberg analysts have said that an Ethereum ETF will be approved as early as the first quarter of 2022, before the market sees a spot bitcoin ETF. The SEC’s slow movement delays EFT and many plans a lot.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

New York mayor Eric Adams says he will receive his first three paychecks in bitcoin

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Eric Adams, the new mayor of New York City, is a Bitcoin-loving mayor. By using the blockchain-based structure in New York City, it is preparing for the future before other cities.

Miami Mayor Francis Suarez has taken important steps to incorporate crypto into his governance, including the use of the CityCoins protocol in Miami. He tweeted that he plans to receive his next paycheck in “100% bitcoin”.

New York City Mayor-Elect Eric Adams said he will receive his first three paychecks in cryptocurrency so he doesn’t get left behind. “We always get big in New York, so when I become mayor I will get my first THREE paychecks in Bitcoin. NYC will be the hub of the cryptocurrency industry and other fast-growing, innovative industries! Wait!” he said in a tweet.

Eric-Adams-tweet

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

Eric Adams, New York will be the center of Bitcoins

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Saying “New York will be the center of Bitcoins” and supporting Bitcoin, Eric Adams became the new mayor of New York. America may come a new city that supports Bitcoin.

The nominee for the Democratic wing, former police officer and Bitcoin lover Eric Adams, has become mayor of York. Eric Adams, who received about 66 percent of the vote, won another Bitcoin-friendly city in the USA after Miami.

In his speech, 61-year-old mayor Eric Adams said, “I promise New Yorkers. When I’m elected president, you’ll see another city. “This will be the hub of science, cybersecurity, self-driving cars, drones and Bitcoins.”

Photo: nytimes.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individua

MARKETS NEWS

Ethereum Crushes Bitcoin Growth Ahead of Network Upgrade

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Ethereum outperformed other top cryptocurrencies, Bitcoin, last week, ahead of an upgrade that will help make its affiliate network faster and more energy efficient. The world’s second-largest cryptocurrency has increased by about 10% since Oct. Ethereum also surpassed alternative digital tokens such as Binance Coin and Cardano during this period.

The rise comes before an upgrade planned on Wednesday that could make the Ethereum network faster, scalable and lead to lower fees for users. Ethereum has risen nearly 1,000% in the last 12 months. This exceeds Bitcoin’s 380% gain, in part due to the network’s popularity for applications such as decentralized finance and immutable tokens.

Ethereum, like other cryptocurrencies, is prone to large fluctuations and lost more than half of its value before recovering earlier this year. Ethereum is trading around $4,200 at press time. Meanwhile, cryptocurrency liquidity provider B2C2 announced in a recent report that it is preparing to announce a potential Ethereum futures exchange-traded fund (ETF) for launch on the options market.

Bloomberg Intelligence strategist Mike McGlone wrote in a report on Monday: “The dollar value of Ethereum futures has risen to the level that Bitcoin was in July, suggesting that the ETF is trailing the second-largest cryptocurrency. It’s a matter of time.” “ETF providers have yet to approve the launch of ethereum-related products by the Securities and Exchange Commission, but they suggest futures trading, demand traction, and the inevitability of competition.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.