Bitcoin Analysis

Following the French government’s decision to sell 611 BTC in an auction this week, the United States government completed a Bitcoin auction recently. US General Services Administration, or GSA, auctioned off 0.7501 Bitcoin; the federal agency has made more than $53,000 from the sale.  Interestingly, the aforementioned lot of 0.70501 BTC was sold roughly 21%
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Investview, a popular U.S-based financial services technology firm, is the latest publicly-traded company to hold cryptocurrencies on its balance sheet. According to a recently-released statement, Investview now holds over $1 million in Bitcoin and other altcoins, with the company following the footsteps of MicroStrategy, Tesla, and RushOrderTees. The revelation was part of the company announcing
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Aave regained the 38.2% Fibonacci retracement level and could see some additional buying at the current mark. Gains on MKR were likely to be capped at the 200-SMA, while DGB could remain sandwiched between two Fibonacci levels without a pickup in buying activity. Aave [AAVE] Source: AAVE/USD, TradingView Using Aave’s drop from $580 to $301,
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When it comes to Bitcoin versus the state, crypto-enthusiasts are always looking for guidance via clear regulations. To their delight, at least in some cases, some regulatory progress has been made, progress that has in turn nurtured a stronger crypto-economy.    For instance, back in January, the U.S Office of the Comptroller of the Currency (OCC)
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The Bitcoin market has been recovering from the drop it witnessed last week. Along with the Bitcoin market, the altcoin market was also seeing a surge, carrying the value higher in the short-term. With a market capitalization of $3.16 billion, Tezos has been trading at $4.08, at the time of writing, as it attempted to
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After the first crypto-related ban in 2018 that affected many from the sector, the 2021 proposal to ban all private crypto assets is having a similar effect. With the decision expected “soon,” and no specific timeline, traders and service providers remain uncertain about the expected announcement.   This has not stopped industry members from appealing to
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Ripple and MoneyGram have ended their partnership agreement, according to an announcement made earlier today. However, according to Ripple CEO Brad Garlinghouse, the two parties remain “committed to revisiting our relationship in the future.” Makes no sense this close to the finish line unless the “current partnership agreement” is a conflict of interest for Ripple
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The cryptocurrency market has been constantly forming crusts and troughs as it strives towards stability. Cardano’s market witnessed a similar trend wherein the price surged towards the end of February but has been correcting since. At the time of writing, Cardano was trading at $1.13 with a market capitalization of $35.68 billion. Cardano six-hour chart
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice With the market stabilizing following the sudden bout of volatility, Binance Coin [BNB] too is working towards attaining a stable ground on the price charts. Although the alt has been moving within a wide
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After a collective collapse a week ago, the digital asset industry recovered somewhat, before falling once again. However, it would seem that Chainlink missed the memo in the first place. In fact, AMBCrypto had recently reported about LINK’s inability to pull-forward without the assistance of strong on-chain fundamentals. While its long-term credentials remain golden, during
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Regulatory action against cryptocurrencies has always had an impact on markets, and that will be the case for the foreseeable future too.  Or, as MicroStrategy’s Michael Saylor puts it, over the next decade, “regulatory FUD,” would be the most “logical challenge” for investors in the crypto-community.  With Bitcoin becoming more popular, officials have begun calling
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