After a devastating downturn this week, Bitcoin climbed above $103,000, posting a gain of just over 1% in the past 24 hours. This has revived hopes of a recovery. But fresh data suggest that the crypto asset went below critical trendlines, and analysts say multiple weekly closes under its 50-week moving average confirm the cycle
The global crypto market feels like it stands at a major turning point. Recent signals out of Washington suggest the rules of the game may change in favour of digital-assets innovation, opening a pathway for dramatic growth in the crypto market. With a sweeping market structure bill in play, momentum is building for a far
Bitcoin’s sharp recovery above $104,000 earlier today stirred debate among traders, as on-chain data shows long-term holders (LTHs) quietly taking profits while short-term holders (STHs) are absorbing the selling pressure. According to analysts, the tension between these two groups could decide whether BTC continues its rebound or slips back below $100,000. LTHs Distribute as BTC
A bearish crypto influencer known as Keyboard Monkey won a $200,000 bet by predicting Bitcoin’s recent crash, following a 17% monthly collapse that saw it dip below $100,000 for the first time in six months. Keyboard Monkey’s victory came thanks to a bet with fellow influencer Mando that Bitcoin would drop to $100,000 before it
The United Nations Development Programme (UNDP) plans to launch two initiatives aimed at helping countries adopt blockchain technology. Robert Pasicko, the leader of UNDP’s financial technology team, AltFinLab, told Cointelegraph at the UN City offices in Copenhagen, Denmark, that the organization plans to launch a blockchain education program for government officials alongside a blockchain advisory
Bitcoin (BTC) is back above $100,000 on Thursday, November 6, although the flagship digital asset is still trading way below its record highs seen approximately one month ago. Still down around 5% this week and trading at $101,970 at the time of writing, the “digital gold” briefly slipped below $100,000 on November 5 for the
No one is dominating today, as the prices of some coins are rising, while others keep falling, according to CoinStats. BTC/USD The price of Bitcoin (BTC) has dropped by 0.15% over the past day. On the hourly chart, the rate of BTC is about to break the local support of $102,359. If its breakout happens,