Bitcoin / 629 posts found
These Are the Key Levels to Watch As BTC Broke Below $40K (Bitcoin Price Analysis)
Bitcoin’s price has been rejected from the 200-day moving average and is currently experiencing a sharp downtrend. The Daily Timeframe Technical Analysis By: Edris The 50-day and 100-day moving average lines printed a bullish crossover last week. However, instead of holding the price, BTC broke to the downside. These moving averages have also acted as resistance and pushed the price further down over the past week. BTC is currently heading towards the $36K support level, which has held the price multiple times. However, if the price breaks below it, followed by strong momentum and volume, the $30K demand zone would […]
It’s a matter of when, not if, the SEC approves bitcoin spot ETF, says Grayscale CEO
Cryptocurrency Crypto experts are hopeful a spot bitcoin ETF could arrive as soon as this year. The optimism comes on the heels of the Securities and Exchange Commission approving an application for the Teucrium Bitcoin Futures ETF earlier this month. The fund was filed under the Securities Act of 1933, instead of the Investment Company Act of 1940, which other future bitcoin funds like Grayscale’s Bitcoin Futures ETF have used. “From the SEC standpoint, there were several protections that 40 Act products have that 33 products don’t have, but never ever did those protections address the SEC’s concern over the […]
Grappling Report: IBJJF changes rules to curb closeouts
Gordon Ryan is no stranger to cryptocurrency as the elite competitor has already managed to secure a $100,000 sponsorship deal with Bitcoin Cash to represent them at ADCC 2022. It doesn’t stop there though, as he has just announced the release of 100 NFTs bearing his likeness as well. As with many NFTs, these will actually serve a functional purpose instead of simply being something tsshat people can buy and sell. The Gordon Ryan NFT will actually grant the owner free lifetime access to any and all of the instructional content that he releases after the date of purchase. Considering […]
Bitcoin Price Analysis: These are the Levels to Watch if BTC Breaks Below $40K
Cryptocurrency Over the past week, the price of bitcoin has been plummeting with strong bearish momentum, resulting in a break below the 50-day and 100-day moving averages lines on the daily timeframe, indicating that the bears are presently in control of the market. Cryptocurrency Long-Term: The Daily Chart Technical analysis by Shayan However, the recent price action suggests that the negative momentum had weakened. The price experienced a short-term bullish leg towards $41.6K, which got rejected. But this can be considered as a pullback to the $41-42K resistance level. In the bigger picture, the $37K demand zone remains the next […]
Kazakhstan to Introduce New Tax Regime for Bitcoin Miners
The government of Kazakhstan is currently working on increasing the taxes on cryptocurrency mining, while expressing its intent to tie the new rate to the value of the minted cryptocurrency. In a recently issued statement by the Minister of National Economy, Alibek Kuantyrov, implementing this mechanism will help increase the country’s budget receipts. “We are considering increasing the tax burden for miners, at the moment we are also considering linking the tax rate for miners to the value of the cryptocurrency. If the cryptocurrency grows, it will be good for the budget,” Kuantyrov said. If the government moves ahead with […]
Study Reveals That Over a Third of Nigerians Have Invested in Crypto in the Last 6 Months
Bitcoin You are here: Home / News / World / Study Reveals That Over a Third of Nigerians Have Invested in Crypto in the Last 6 Months April 15, 2022 by Vignesh Karunanidhi According to KuCoin’s Into The Cryptoverse research, 35% of Nigerians aged 18-60 have invested in or are trading bitcoin and other cryptocurrencies. The survey exposes key information about the local population, such as the fact that 33.4 million Nigerians, or 35 percent of the population aged 18 to 60, now hold or have traded cryptocurrencies in the last six months. Over half of Nigerian cryptocurrency investors put […]
Kraken Daily Market Report for April 14 2022
Overview Daily spot trading volume: $674.6 million, 30 day average spot: $889.5 million. Total futures notional: $157.3 million. The top five traded coins were, respectively, Tether (0%), Bitcoin (-2.9%), Ethereum (-3.1%), USDC (0%), and Solana (-4.0%). Strong returns from Kyber Network (+17%) and Alchemix (+20%). April 14, 2022 $674.6M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $1.0001 ↓0.01% $248.3M BTC $39954. ↓2.9% $144.9M ETH $3020.8 ↓3.1% $82.8M USDC $0.9999 ↓0.01% $47.1M SOL $100.79 ↓4.0% $27.8M DOGE $0.1439 ↑2.8% $14.5M…