A rug pull is a term in the cryptosphere which signifies the exhaustion of a hyped up project. In short it goes like this: Many influencers try to hype a certain coin or project to drive up the price. As soon as the price hits a certain target, the rug is pulled from underneath the […]
Bitcoin had a week in which it managed to close a daily candle twice above $40k (an encouraging sign) and seems to end it with a fearful event to come this weekend. If analysts are correct, a death cross is upon us, which could be a bearish indicator for things to come in the weeks […]
In October and November of last year, we got the first sign that institutional clients were ready to enter the cryptosphere. As Bitcoin hit $20,000 for a first time, as PayPal and Square invested directly in Bitcoin, several US business banks were caught off guard when several of their customers asked that they also be […]
Markets and Bitcoin fell as the Federal Reserve admits increasing inflation is problematic. Interest rates could be raised as soon as 2023 which means investors could be stepping out of riskier assets. Bitcoin, which has been able to close above $40k on the daily chart for the past two days, fell slightly in response to […]
MicroStrategy has been on top of news lists allover the world in 2021. When Bitcoin was in free fall, Wall Street media outlets started to dwell on CEO Micheal Saylor’s past as the man who lost the most ever in the 2000 dotcom crisis. At that time, MicroStrategy stock lost a whopping 99%. By now, […]
For the second day in a row, Bitcoin is trading above $40k. It comes as a dramatic shift in global hash power is taking place.At the same time that it is becoming obvious that the administration of Joe Biden will continue the cold war against China, Beijing is seeing Bitcoin miners flee the country and […]
The adoption of the central American state of El Salvador of Bitcoin as legal tender may only be a small step, the forecasting by several crypto enthusiasts that other nations would follow is already coming true. Over the weekend, in a reaction to Nigerian authorities trying to rein in the popularity of crypto in the […]
A renewed sense of optimism took over the cryptosphere after Musk confirmed Tesla would continue buying Bitcoin if its carbon footprint improves, more countries showed an interest in adopting cryptocurrencies and billionaire investor Paul Tudor Jones reconfirmed his interest in buying crypto to play the inflation game. In the broader altcoin market, the rising prices […]
Justin Trudeau is the quite successful Prime Minister of Canada. This weekend he was at the G7 to meet with US President Joe Biden and French President Emmanuel Macron. Today he’ll travel to Brussels for meetings with NATO and the European Commission. Just like his father Pierre before him, Justin is making the Trudeau family […]
The world’s biggest cryptocurrency leapt towards $40k overnight and is at the time of writing gaining more than 12%, changing hands for $39,600. Analysts will be eyeing whether Bitcoin can close above the $40k level for two consecutive days at least before they call a possible breakout. Musk: Tesla will resume allowing Bitcoin transactions Responding […]
