Bitcoin

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  • Bitcoin Struggles At Weekly Resistance

    Past performance is not an indicator of future results Bitcoin has charted a higher trough followed by a higher peak. This is the technical definition of an uptrend. Price is struggling at the resistance area around 64,000 (red shaded horizontal). To break through this level, bullish momentum must be maintained and the stochastic (blue line) helps in assessing if that momentum is present. The stochastic is a measure of price…

  • This Week in Crypto – 3rd November 2021

    Here on our weekly update, we keep you updated on the most essential topics from last week in the Crypto world Cathie Wood still believes in Robinhood ARK Invest, the company led by Cathie Wood, invested heavily in Robinhood, despite its poor financial results for Q3 2021. Wood's business bought 2,240,680 shares, valued at as much as $79.4 million. According to data disclosed by ARK Invest the purchase is spread…

  • The Week in Crypto – 25th October 2021

    If you are a crypto enthusiast then you know it was a crazy week in the markets!! Let's check out the highlights: Bitcoin hit a new all-time high, Ether follows First Bitcoin ETF trades near $1B on its first day Grayscale to "force the SEC's hand" with its Bitcoin ETF application Bitcoin hit a new all-time high, Ether follows The price of the largest cryptocurrency by market cap is skyrocketing.…

  • Bitcoin vs XRP: A Complete Guide

    While Bitcoin was the first digital currency to scale—it's also the largest cryptocurrency by market value at the time of this writing—it is not the only big name in the marketplace. Investors have taken a keen interest in digital assets for their ability to provide diversification and compelling returns, but they can benefit from knowing that there are alternatives to Bitcoin. Ripple (XRP), for example, is a cryptocurrency that has…

  • Why is Bitcoin Crashing?

    Bitcoin (BTC) has come up under scrutiny this week after its price dropped well below $40k, a far cry from the highs of around $64k seen only a month ago. The sharp volatility is the primary factor feeding its critics as several events have contributed to what is yet another sudden price correction and significant drop: Elon Musk tweets On May 12, Tesla CEO Elon Musk said the electric car…

  • Monero (XMR) Vs Bitcoin (BTC)

    Developers and industry participants have produced a multitude of digital currencies since Bitcoin became the first digital currency to scale, meaning that it attained widespread adoption. These innovative currencies have been created to fulfill a wide range of objectives, ranging from creating a global payment system to serving as the "gas" needed to fuel a platform from decentralized apps (DApps). Monero, one of the more prominent digital currencies, has generated…

  • Ethereum (ETH) Vs Bitcoin (BTC)

    Since their inception, the role of cryptocurrencies in global finance has been a hotly-debated issue. Advocates and detractors have often clashed on the definition, value and regulation of virtual money. Despite the controversy, the onset of the 2020 coronavirus (COVID-19) pandemic gave many cryptos reputations as being viable stores of wealth and modes of transaction. During this uncertain period, Ethereum (ETH) and Bitcoin (BTC) led the mainstream adoption of digital…

  • Bitcoin vs Bitcoin Cash

    Bitcoin and Bitcoin Cash are both digital currencies that might interest investors, but they have some important differences. Bitcoin was the first digital currency to achieve widespread adoption, whereas Bitcoin Cash is a fork of the original Bitcoin. Put differently, Bitcoin Cash is an "altcoin," or alternative cryptocurrency. This piece will help provide some background on the aforementioned cryptocurrencies, and it will explore some important differences. Bitcoin Bitcoin was the…

  • Dogecoin Vs Bitcoin: A Complete Guide

    For more than a decade, cryptocurrencies have captivated the world of finance. From the industry standard Bitcoin (BTC) to cutting-edge alternatives such as Polkadot (DOT), virtual currencies have moved from being peripheral to mainstream assets. However, the transition was anything but smooth. Despite periodic scandal, fraud and governmental intervention, cryptocurrencies evolved from the realm of science fiction to being a staple of commerce. The tipping point for cryptocurrencies becoming truly…

  • What Makes Bitcoin’s Latest Bull Market Different?

    Bitcoin has experienced multiple bull markets, and this latest one, which began in 2018, is markedly different from the last. Between late 2018 and the time of this writing in November 2020, the digital currency's price has climbed more than 500%. Analysts have cited a range of factors as helping drive the latest bull market, including institutional investors, central bank money printing, and the involvement of major payment providers. This…

  • Where Is Bitcoin Legal?

    Bitcoin, the world's most prominent digital currency, came into existence in early 2009. While the digital currency went largely unnoticed by global authorities in its early years, it has since drawn significant attention from regulators and lawmakers. Combined with its complex nature, this has resulted in a regulatory landscape that is both complex and constantly changing. Many nations have weighed in on Bitcoin's legal status, with some providing outright bans.…

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