Month: March 2021

Bitcoin Signal

Market Wrap: Bitcoin Steady Near $54K; RSI Indicator Warns of Limited Uptrend

Bitcoin (BTC) trading around $53,824.22 as of 20:00 UTC (4 p.m. ET). Climbing 3.22% over the previous 24 hours. Bitcoin’s 24-hour range: $51,267.19-$54,032.05 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Friday’s record $6 billion expiry in the bitcoin options market turned to…
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Tesla Starts Accepting Bitcoin Payments – and Will Not Convert to Fiat

The leading US-based electric car manufacturer Tesla has come good on promises from last month, announcing that will not only accept payments in the world’s most popular cryptocurrency, bitcoin (BTC) – but will seek to keep any of the BTC it receives. (Updated at 08:18 UTC: updates throughout the entire text. Updated at 15:37 UTC…
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Financial Sector Players Call for Improved KYC Regulations

Conventional financial service and banking providers have called for improved know-your-customer (KYC) protocols in a bid to build a more powerful digital environment for the world of finance – and want to collaborate with innovative partners on sandbox projects. Today, in a Bank for International Settlements (BIS) Innovation Summit 2021 session held online and named…
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Bitcoin's four-hour chart showing a rising wedge pattern

Bitcoin Price Chart Shows Bull Fatigue as Analyst Sees ‘Rising Wedge’

Bitcoin (BTC) appears set to challenge record highs in the wake of this week’s dovish Federal Reserve meeting. One expert, however, is calling caution, based on his observation of price charts as bitcoin rose from lows near $43,000 seen earlier this month. The chart pattern has taken the shape of what’s known as a rising…
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NFT: Sotheby’s Follows Christie’s with a New Plan

Following the record-breaking sale of a non-fungible token (NFT) art piece hosted by Christie’s, New York-headquartered multinational corporation Sotheby’s announced today that they would be collaborating with the well-known digital artist Pak. On March 16, the international auction house first posted a teaser-style tweet of a video featuring a circle, with commenters quickly starting to…
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What the $1.9T Stimulus Means for Crypto Markets

Yesterday, President Joe Biden’s $1.9 trillion coronavirus relief package received its final backing from the House of Representatives. This congressional approval for a massive fiscal stimulus could represent a major milestone for bitcoin. We have already seen two rounds of federal coronavirus relief and stimulus cheques in the US. The first, signed off in March…
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Bitcoin Nears All-Time High As US House Passes $1.9T COVID-19 Relief

Bitcoin (BTC) trading around $56,248.28 as of 21:00 UTC (4 p.m. ET). Climbing 3.54% over the previous 24 hours. Bitcoin’s 24-hour range: $53,101.24-$57,336.75 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Bitcoin gained for a sixth straight day, extending its longest winning streak…
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Bitcoin’s Break Above $54K Could Open Path to New Price Record

Bitcoin finds support at $50,000, with next resistance seen at $54,000, and then at the all-time high around $58,000. Bitcoin found support around the key psychological threshold of $50,000 and was changing hands above $53,000 at press time. The largest cryptocurrency by market cap remains in an uptrend, defined by its 50-day, volume-weighted moving average.…
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