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Estonia regulator says no plans to ban Crypto

Estonia regulator says no plans to ban Crypto

[#item_full_content] The country’s Ministry of Finance shut down claims that owning and trading cryptocurrency would be banned under the proposed anti-money laundering legislation. Estonia’s Ministry of Finance said on Sunday that new draft legislation for virtual asset service providers (VASPs) will not ban customers from owning or trading crypto, but the proposed requirements for VASPs could apply …

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Bitcoin dips below $47K as US dollar surge dampens BTC price performance

Bitcoin dips below $47K as US dollar surge dampens BTC price performance

[#item_full_content] It’s not looking great for Bitcoin on short timeframes, and Ethereum is becoming an increasingly popular bet instead. Bitcoin (BTC) crisscrossed $47,000 on Jan. 3 as the first Wall Street trading days of 2022 got off to a modest start. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Ethereum steals the limelight “It’s just a …

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Salvadoran President Bukele expects Bitcoin to reach $100K this year

Salvadoran President Bukele expects Bitcoin to reach $100K this year

[#item_full_content] El Salvador adopted bitcoin as an official currency last year. El Salvador President Nayib Bukele foresees bitcoin reaching the long-elusive six-digit price this year amid increasing adoption as a sovereign currency. In 2022, bitcoin will reach $100,000 and two more countries will adopt the digital asset as legal tender, Bukele tweeted on Sunday, adding that the …

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Bitcoin starts 2022 at $47.2K as fresh research pins performance on China trader exodus

[#item_full_content] Exchanges deplatforming Chinese citizens prior to the Dec. 31 deadline may have added to BTC selling pressure. Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and the consensus is building around China again being the reason for weakness. China “last hammer” could now provide optimism on …

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Bitcoin can hit $333K ‘parabolically’ if this BTC price fractal plays out

[#item_full_content] A change of course from the Fed could produce a “flight to safety” which sends Bitcoin price action stratospheric. Bitcoin (BTC) could target a massive $333,000 by May 2022 if the U.S. Federal Reserve provides a “perfect storm” of low rates, a new prediction argues. Updating an uncannily accurate price forecast on Dec. 27, …

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Bitcoin has risen 7% to 36% in the first week of January each year since 2018

[#item_full_content] Some analysts are expecting big things for Bitcoin in the near future when all the institutional selling has been completed and capital gets deployed to the market. Some crypto market analysts are highlighting the potential for a green first week on the crypto markets in January as part of what economist and trader Alex …

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Market wrap Year-End review: El Salvador adopted Bitcoin, then bought the dip

Market wrap Year-End review: El Salvador adopted Bitcoin, then bought the dip

[#item_full_content] The country’s adoption of BTC as legal tender wasn’t enough to keep the cryptocurrency near $50K in September. El Salvador buys in In June, El Salvador President Nayib Bukele, announced that bitcoin would become legal tender, making his country the first to make that move, which also meant no capital gains taxes for bitcoin …

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Price analysis 12/29: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE

Price analysis 12/29: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE

[#item_full_content] Bitcoin and most major altcoins are facing selling at higher levels and buying on dips, signalling a consolidation in the short term. The S&P 500 is trading near its all-time high but Bitcoin (BTC) has plunged about 30% from its all-time high at $69,000. Even after the sharp drop, Bitcoin is up 63%, year-to-date, …

Price analysis 12/29: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE Read More »

Bitcoin dips below $47K but one trader is eyeing ‘solid risk/reward’ for longing BTC now

Bitcoin dips below $47K but one trader is eyeing ‘solid risk/reward’ for longing BTC now

[#item_full_content] Short-term profit opportunities are there, but so are concerns over a “panic” sell-off still absent from BTC price charts. Bitcoin (BTC) added to its losses on Dec. 29 with a fresh tumble briefly taking BTC/USD below $46,600. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI flashes “oversold” Data from Cointelegraph Markets Pro and TradingView showed the pair giving …

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Omicron COVID-19 variant poses risks to global growth, inflation -rating agencies

The Omicron COVID-19 variant could hurt global growth prospects while also pushing prices higher, rating agencies Fitch Ratings and Moody’s Investors Service said on Monday after the World Health Organization said the variant carried a very high risk of infection surges. “The Omicron variant poses risks to global growth and inflation, especially as it comes …

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