Starting Thursday, Bitcoin seemed to break downwards as it slipped from weekly highs of $35,000. Wiping out $2,000 in a matter of hours, the digital asset found support just above $32,000. There was little development in the wider market to explain the sudden crash. But for the last couple of weeks, Bitcoin has been bouncing between $31,000 and $35,000. The crucial question remains, where will it break first, below $30,000 or above $35,000?

Over the weekend, Bitcoin’s all-crucial support set at $32,000 helped it stage a comeback. At the time of press, Bitcoin is trading well above $33,000 according to our data. This follows a more than 2 percent price increase in the last 24 hours.

If the crypto king can maintain the m ... Read more »

Category: News | Views: 410 | Added by: danyagames2007 | Date: 10.07.2021 | Comments (4)

El Salvador, the small Latin American state created history in June after it became the first country to pass Bitcoin as a legal tender. The Bitcoin Bill was passed by the country’s congress with a resounding majority and the President assured the decision was no gimmick. Now El Salvador could be joined by another Latin American nation in its quest to make Bitcoin a legal tender.

Paraguay, another small central American nation is all set to introduce a Bitcoin bill this coming Wednesday. Carlitos Rejala, the deputy of Paraguay has hinted at a possible big incoming news on July 14 regarding Bitcoin introduction of a Bitcoin Bill in the Paraguayan parliament by senator Fernando Silva Facetti.

Paraguay had earlier denied ... Read more »

Category: News | Views: 393 | Added by: danyagames2007 | Date: 10.07.2021 | Comments (0)

There isn’t much happening with the price of Bitcoin, which continues to remain boring as it trades sideways between $30k-$40k.

As Bitcoin’s price remains range-bound, Guggenheim Investments Chairman Scott Minerd is back with his bearish takes, which could only be seen as his attempts to scoop up cheap coins for himself, although to the public, he is saying that he isn’t in a hurry to buy BTC right now.

Up until now, Minerd was calling for $20,000, but his latest target has now fallen to $10,000.

“When we look at the history of crypto, and we look at where we are, I mean, I really do believe this is probably a crash, and you know a crash would mean we’d be down 70-80% which, let’s just say that’s between 10 and 15 thousand,” he said in an interview with CNBC.

Minerd&r ... Read more »

Category: News | Views: 431 | Added by: danyagames2007 | Date: 10.07.2021 | Comments (0)

close