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The search for a blockchain voting bloc
The crypto industry is constantly trying to sell us something new. This election season, it’s the rise of the bitcoin voter, a new political constituency supposedly ready to vote for all things pro-crypto. The Crypto Council for Innovation, a pro-crypto trade group that represents platforms like Fidelity and Gemini, published data last Wednesday purportedly indicating that one in seven voters “hold crypto and say that they are ready to vote for pro-crypto candidates.” Coinbase, a crypto trading platform with more than 100 million users across the world, has launched its own voter registration initiative and is ranking candidates on their […]
Bitcoin in Search for a Direction, Will $24K Finally Fall? (BTC Price Analysis)
Bitcoin’s price has been consolidating between the $20K and $24K level over the last couple of months, after a rapid crash from the $30K level. The $17K-$20K support area has been holding well, pushing the cryptocurrency higher towards the $24K resistance on multiple occasions but has so far failed to overcome it. Technical Analysis By: Edris The Daily Chart Currently, the price action is suggesting that Bitcoin may finally surpass this significant level to the upside, which could pave the way for a rally towards the $30K supply zone. The 100-day moving average is currently at the $26K mark, and […]