The largest digital currency fell below the psychologically important $70,000 barrier again on Wednesday after Iran claimed it had planted mines in the Strait of Hormuz, where dozens of oil tankers are currently waiting to sail to their final customers. After oil prices fell later in the day, Bitcoin’s price rose back above $70,000. #CRUDEOIL […]
Bitcoin climbed back above $70,000 after President Donald Trump declared that the war against Iran is nearly over. In China, engineers from Alibaba discovered that an AI bot had begun mining Bitcoin without permission to earn some extra money. Hormuz The war against Iran has entered its second phase. While the first week was primarily […]
Stock markets opened bloody red on Monday (and closed relatively neutral in Europe), and panic reigned, especially in Asia. The Kospi, the South Korean stock exchange, had to implement a so-called “circuit breaker,” a pause to give investors a breather after the index fell by more than 8%. In China, however, the decline remained limited. […]
Where is Bitcoin headed in the coming days and weeks? That’s difficult to predict and depends on geopolitical circumstances, the direction of fiat currencies and (especially) the price of oil. Here are the top three possible triggers for the Bitcoin price in the coming weeks. Note that the biggest possible trigger of all is rising […]
After a week of war in Iran (apparently, Republicans don’t want to call it a real war in the United States because Trump would have to ask Congress for approval), it’s striking that Bitcoin is holding up very well while stocks are falling. Silver, like gold, rose slightly on a weekly basis and joined the […]
We’re not sure yet whether we can believe him, but it is notable that Grok, the well-known AI bot of billionaire Elon Musk, thinks Bitcoin’s recent upward breakout is a reversal and will likely mark the start of a new leg up. Renowned chart reader Peter Brandt also believes this. He’s convinced of several months […]
Over the past week, the largest digital currency rose by around 5% while most stock markets fell sharply. This is remarkable and could well signal a trend reversal for crypto. However, to be certain, we need to see a breakout above the $74,000 price point, which was also very important last year. April The end […]
Bitcoin jumped above $70k again on Wednesday as investors are looking for so called safe haven investments in these uncertain times. Precious metals also rallied. At the time of writing, Bitcoin is trading for $73,000 again. There's the upward move for #Bitcoin. Looks great for more continuation; however, $74K is the first resistance. I think […]
Japanese Prime Minister Sanae Takaichi is extremely popular and has recently achieved a historic election victory. A crypto developer therefore launched Sanae Coin, a memecoin that was bearing her image, this past weekend. Buyers were immediately attracted to the new memecoin. That enthusiasm faded after the Prime Minister herself posted a message on X declaring […]
Nearly four out of ten altcoins are trading near their all time low, a percentage that is worse than during the collapse of FTX. This is evident from data by Darkfost, showing that 38.8% of all altcoins are hovering around their lowest point. Meanwhile, Bitcoin is holding above $65,000 and forming a higher low. Analyst […]
