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While we are in waiting mode to discover whether the bounce we saw on Wednesday is confirmed (the support point for Bitcoin would in this case be around $38,500) on the daily charts, there is still a lot of news for the cryptosphere. It turns out that Tesla no longer sells its Bitcoins but keeps […]
Is this Bitcoin’s bounce on the line of support? After the largest digital currency fell to $38,500 on Tuesday, major players started buying Bitcoin again. Yesterday we even went briefly above $40k. I’m still waiting for confirmation on the charts, but it seems to me that the panic is over. Anyway, two months ago (end […]
Whenever a disaster occurs, whether it has to do with nature, the economy or your own life, it is human nature to look for someone to blame to pass the buck. The last person you want to look at to blame is yourself of course. Human nature. This is how populists become big of course. […]
Bitcoin looks for a support line as the ‘sell the news’ decline (which was forecasted to happen) has already exceeded 20% since January 11. This morning, the largest digital coin fell below $39k for the first time in two months. Many crypto fans believe that big companies like Blackrock bought in at levels between $25 […]
Notable gainer in the Coinmarketcap top 10 this weekend was the ultimate memecoin that we all know as Dogecoin. As is often the case, Elon Musk’s was involved, although he did not do it on purpose this time. The lawsuit against Sam Bankman-Fried, the founder of the major FTX crypto platform that went bankrupt in […]
Priests with private jets, luxury lifestyles who are preaching in majestic churches. Religion is a seriously profitable business in the United States. A few years ago there was the story of New Orleans priest Jesse Duplantis who asked his flock for an additional $54 million to upgrade his fleet of private jets (he already had […]
In a week’s time, Bitcoin has dropped by some 10%. Calculated since the temporary top of $49,000, one could even argue that yesterday evening (Central European Time) we touched a 20% low since that weekly high, as Bitcoin momentarily touched $40k then. At the time of writing, Bitcoin is trading at $41,6k. The euphoria over […]
It was quite striking to read two financial stories from China this week juxtaposed against each other. Firstly, there was the report that the Chinese stock markets are at their lowest level in about five years (the European and American stock markets also didn’t have a stellar start to 2024) and secondly, the Wall Street […]
For the first time this year we’re witnessing a Bitcoin ‘golden cross’ in the charts. Last time this occured was on 1 November and it was followed by a 30% increase of the Bitcoin porice; However, we’re not so sure this time round because of other factors. So, how should this golden cross be interpreted, good […]
The yearly January gathering to celebrate global capitalism has begun anew. In Davos, Switzerland, we find politicians, business people, celebrities and investors meeting for a lot (really a lot) of networking. Topics this year are those that we (the crypto media) has been talking about for years (or at least the since the beginning of […]
