With This Month Set For Peak Inflation, How Will Bitcoin Price Move?

[ad_1] The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The news of today is the United States Consumer Price Index December release which came in at just over 7%. By many estimates, this could be the month that the rate of change in inflation peaks. If December is not the peak of acceleration, then it likely occurs in Q1. Our expectations…

Read More

October 2020 Déjà vu? Bitcoin pullback at $38K has traders at odds over next move

[ad_1] The wider cryptocurrency market entered a period of consolidation on July 27 following Bitcoin’s (BTC) brief spike above $40,000 the day before that helped ignite a rally across the market and brought a renewed sense of optimism to the market.  Data from Cointelegraph Markets Pro and TradingView shows that a mid-day attempt by bulls to lift the price of BTC back above the $40,000 level was rejected resulting in a price pullback to $37,500. BTC/USDT 4-hour chart. Source: TradingView While Tuesday’s price pullback may suggest that Monday’s rally was…

Read More

Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as ‘Step in Right Direction’ – Regulation Bitcoin News

[ad_1] The Zimbabwean government recently revealed its intention to widen the definition of securities to include virtual asset service providers (VASPs). According to a document released by the cabinet, the proposed inclusion of VASPs into the category of defined securities will be made possible via the amendment of the Securities and Exchange Act. The Money Laundering and Terrorist Financing Factor According to one local report, it is this amended law that will “enable Zimbabwe’s Securities and Exchange Commission (SECZ) to come up with regulations to supervise the VASPs on a…

Read More

Bitcoin metric sees ‘hell of a bounce’ in move which historically heralds BTC price bottom

[ad_1] A classic Bitcoin (BTC) on-chain indicator has seen a “hell of a bounce” even as price action stays uncertain. In a tweet on July 9, Philip Swift, creator of analytics resource Look Into Bitcoin, highlighted a dramatic change of course for the Puell Multiple. Advancing Puell and hash rate “a good sign” A deceptively simple metric, Puell tracks miner behavior with a view to understanding Bitcoin market extremes. It has served extremely well as an indicator of when BTC price tops and bottoms are likely due, and in late…

Read More

IMF plans to meet with El Salvador’s president, potentially discussing move to adopt Bitcoin

[ad_1] The International Monetary Fund has said El Salvador’s recent decision to make Bitcoin legal tender in the country may raise legal and financial concerns. In a Thursday press briefing from the International Monetary Fund, or IMF, spokesperson Gerry Rice said the group was already in discussions with lawmakers in El Salvador over a loan to support the country’s economy, having approved emergency funds related to the pandemic last year. However, Rice said an IMF team would be meeting with President Nayib Bukele today and implied crypto would be a…

Read More

Chinese BTC miners equivalent to Quebec’s output on the move: Slush Pool

[ad_1] Edward Evenson, head of business development at Slush Pool owner Braiins, reports that a large number of Chinese BTC mining machines equivalent to Quebec’s entire output are currently en route to North America and Europe. For those interested in the #Bitcoin mining news coming out of China I’ve had 300-400MW of mining machines contact me to help them distribute their machines across NA and some parts of EU. Some have also begun shipping machines to Kazakhstan. — Edward Evenson (@WillHash4Coins) May 27, 2021 In Twitter thread on May 28,…

Read More

5 crypto stories that didn’t need Musk’s Twitter antics to move markets

[ad_1] There’s more to crypto than Elon Musk’s frequent (and frequently misguided) tweets on the subjects of Bitcoin and Dogecoin. And although the brilliantly visionary CEO / SEC-baiting memeking may have positioned himself as a news cycle unto himself, crypto news has the power to influence major price action across the altcoin markets — particularly if you can be the first to react to it. Rumors and news are the true tectonic forces behind the cryptocurrency market’s dynamics. Extensive research by the Cointelegraph Markets Pro data team suggests that three…

Read More

ETH smashes records, Bitcoin’s brilliant quarter, PayPal’s big move

[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin suddenly hits $60,000 as a new resistance battle liquidates $850 million A bout of long-overdue volatility has hit the crypto markets, propelling Bitcoin to highs of $61,276.67 on Saturday. A sudden push allowed BTC/USD to exit the $50,000 price range in the early…

Read More

Range-bound Bitcoin price opens the door for altcoins to move higher

[ad_1] Ether (ETH) took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new ‘altcoin season’ has commenced. Meanwhile, Bitcoin  (BTC) price is continuing to meet resistance around the $56,000 to $58,000 level.  Data from Cointelegraph Markets and TradingView shows that since dropping to a low of $2,160 on April 25, the price of Ether has rallied 54% to a new record high at $3,324 on May 3 as Monday’s 12% spike…

Read More

ETH smashes records, Bitcoin’s brilliant quarter, PayPal’s big move

[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week ETH breaks record all-time high amid fresh price surge Ether? Record high! Binance Coin? Record high! Polkadot? Record high! Bitcoin? Flat as a pancake! Altcoins have been in the driver’s seat this week, with Ether breaking $2,100 for the very first time — besting…

Read More