The 15th BRICS summit ended on Thursday, August 24, with some big news. That of the creation of BRICS+. An expanded version of the organization's membership. Members that include some of the world's biggest crude oil suppliers. Global geopolitics are potentially no longer the same.
The Bitcoin (BTC) price rebounded by over 1%, reaching a peak of $26,438. This rise is the result of several factors, including improved investor sentiment. The latter are beginning to ease liquidations on long positions.
The crypto universe is constantly evolving. This time, Bitcoin is the talk of the town with an announcement that could revolutionize its ecosystem. Prominent Bitcoin Core developer Luke Dashjr has reignited the debate by proposing a new implementation of sidechains. This promising but complex advance could give new momentum to the world's leading cryptocurrency.
While the Binance platform is facing numerous difficulties, the BNB price has not remained unaffected. Let's take a look at the prospects ahead for the leading exchange cryptocurrency.
The Binance liquidation scandal has taken another turn. US regulators, recently informed of the situation, may initiate an in-depth audit of the platform. A resounding event reminiscent of the beginnings of the FTX collapse.
Over the week of August 14, the bitcoin price fell by almost 12%. This turnaround was all the more dramatic as major thresholds that could have inspired long-term confidence were broken. The price of bitcoin fell below the $26,000 mark. It had stabilized above this level since March 2023. In our previous analysis in July, we pointed out that “the $26,000 area appears to be a major zone at present, and the absence of a recovery in volatility on traditional indices will probably determine the next move”.
After several weeks testing the $30K zone, bitcoin has come to register a drop of over 10%. Let's explore the outlook for the leading cryptocurrency.
The crypto industry, as lucrative as it is mysterious, is full of unsolved enigmas. One of the most recent and intriguing confronts us with the quest of a whale - not one of the deep seas, but one of financial stature, which has recently wormed its way into the depths of Bitcoin.
The previous week was marked by a sharp decline in the crypto market. The leader in terms of market capitalization, BTC, recorded a 10% drop, closing the week at around $26500. What if this drop represented a buying opportunity for bitcoin (BTC), as a bullish recovery seems imminent? That's precisely what the RSI and Hash Ribbons suggest.
Barely launched, Friend.tech is setting new records. In just 24 hours, the decentralized social networking platform has generated 1.12 million fees. These statistics are beyond all comprehension: they surpass those of Uniswap and the Bitcoin network.
Ripple now has a major competitor. Stellar, has just acquired a stake in international payments giant MoneyGram, now becoming a full-fledged player in the payments sector, on a par with fintech Ripple. This announcement comes just days after Ripple joined MasterCard and Swift in the Bank for International Settlements' working group on cross-border payments. Is it safe to say that MoneyGram will now serve as a springboard for Stellar in its competitive battle against Ripple?
PayPal has been at the forefront of the crypto scene since the deployment of its recent stablecoin, PYUSD. However, in the UK, the situation is different: this payment platform must align itself with Financial Conduct Authority (FCA) regulations, forcing it to temporarily suspend crypto purchases.
Fundstrat co-founder Tom Lee has predicted that the price of Bitcoin (BTC) could explode to $150k under certain conditions. If the U.S. SEC approves Bitcoin ETFs, the parent cryptocurrency could see its price cross the $150k mark. Among other key factors favoring this trend, he also states the interaction of cryptos with the general monetary climate.
Binance, a leading crypto exchange, is surprisingly shutting down its crypto payment service, Binance Connect (formerly Bifinity), barely a year after its launch. Is this a strategic retrenchment tactic or a pressing regulation?
After marking a new annual ATH in mid-July, the bitcoin price came to stabilize around the $29-30K mark. Since then, fluctuations on the leading cryptocurrency have stagnated, suggesting some movement ahead on the market.
At the edge of our economic landscape, bitcoin is making waves. Robert Kiyosaki has sketched out a startling prediction for 2024 that cannot be ignored.
After a prolonged phase of consolidation, notable movements seem ready to manifest themselves in the price of BTC. The Hash Ribbon indicator is currently displaying a buy signal, marking the end of the bitcoin (BTC) miners' capitulation. Could this be the catalyst for the next bull market?
Renowned trader “The Big Short,” Michael J. Burry, returns to the financial spotlight by opening massive leveraged bearish positions in the stock market. This time, he's betting 93% of his portfolio on falling stock indices, a move reminiscent of his victorious prediction of the 2008 crisis. Are we on the brink of another financial storm?
The sun rises on a new era of financial transactions. As the winds of change blow across the banking sector, Ripple and AWS are poised to launch an unprecedented revolution. The alliance of these two powerhouses heralds a metamorphosis of the monetary landscape, promising to revolutionize the way we send, receive and think about money.
Bitcoin (BTC) is the leading cryptocurrency in terms of market capitalization. Thanks to its many assets, the digital asset outperforms all its competitors and is the preferred choice of many investors. Convinced of its strong potential, some are choosing to invest exclusively in this cryptocurrency, snubbing all other altcoins. Jonathan Kirkwood's Ten31 is one such company or investor betting exclusively on the leading crypto. According to one of its founders, this strategy is proving highly successful.
Plateforme innovante, Swiss Bitcoin Pay simplifie la façon dont les commerces intègrent Bitcoin comme mode de paiement. Avec une gamme de services conçus pour les commerçants et les clients, Swiss Bitcoin Pay se positionne en tant que solution à la fois efficace et indépendante pour les transactions Bitcoin.
Litecoin (LTC) has recorded a 10% drop since its recent halving event, which occurred just 9 days ago. While this drop may seem surprising, it is actually in line with historical trends. Litecoin may not experience a bull-run before Bitcoin's Halving in 2024.
In an instant, passions flare, rumors rumble, and the financial world is in turmoil. Bitcoin ETFs, which have recently come under the spotlight, seem to be unleashing all kinds of passions. On the one hand, some are crying wolf, suggesting imminent dangers for investors. On the other, there are those who defend these newcomers as a genuine opportunity. So, between myth and reality, where does the truth lie?
In an innovative alliance, Microsoft and Aptos Labs are joining forces to explore new avenues in blockchain and digital payments. This promising collaboration opens the door to exciting advances in the ever-changing world of financial technology.
Despite an unstoppable bear market, bitcoin (BTC) is still attracting investors. This infatuation with the flagship crypto is no accident. It's based on the financial relevance the asset has built up over the 14 years of its existence. A period during which the asset has seen its lows. The asset's lowest valuation was $0.001, its first estimated value in October 2009. The flagship crypto has also experienced highs. In November 2021, the price of bitcoin reached a valuation of $69,992. This figure remains, by far, the highest ever reached by bitcoin since it came into existence. Will the leading cryptocurrency return to this level again? Indeed, bitcoin seems to be facing a glass ceiling. Benefiting from the dynamics of the crypto market, the asset has twice reached a price of $30,000 this year. A level that the flagship crypto was subsequently unable to break through. Yet many players in the crypto industry don't seem to trust these trends. Indeed, many of them have repeatedly expressed their optimism in this regard. They believe that, given current economic and financial conditions, the price would explode. Could this be the reason why many asset managers are scrambling to buy as many bitcoins as possible? Find out below.
After a 10-year hiatus, the team led by Matt Groening, father of The Simpsons, is back in action. Two weeks ago, the American platform Hulu marked the return of the cult series with the broadcast of “The Impossible Stream”. This was followed by “Children of a Lesser Bog” and “How the West Was 101001”, all about bitcoin, cryptos and NFT.
The leading cryptocurrency is back in the zone around $30k, while maintaining relatively low volatility. US inflation figures on Thursday could bring more movement on bitcoin (BTC). Is the current uptrend likely to continue?
Recently, the leading cryptocurrency has displayed a considerably low level of volatility. This contrasts with its generally volatile nature relative to other assets. However, some traders and analysts see this low volatility as a precursor to a possible explosive rise in Bitcoin (BTC).
Growing demand for Bitcoin spot ETFs is breathing new life into the price of the largest cryptocurrency of all time. While a potential bitcoin rally is on everyone's lips, the question is how much BTC is still available for sale.
In 2019, Swiss billionaire Marc Faber acquired bitcoins at a modest price of $3800. So far, no information suggests that he has sold his position. Does he still hold his precious Bitcoins (BTC)?