Bitcoin

Bitcoin’s (BTC) RSI has turned bullish in the daily and weekly time frames, but the price action has yet to catch up with this trend reversal. Bitcoin created another small bearish candlestick during the week of May 23-30. Since the…
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Amidst the market-wide chaos, it is the mid-sized Bitcoin holders that have held on to the old investment adage of “buy the dip.” Data suggested that entities holding less than 100 BTC in their wallets appear to have…
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Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interest.At the other end of the table,…
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Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s…
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Billionaire investor and hedge fund manager, Ray Dalio, has reiterated his previous call that “cash is trash”. Dismissing equities as “trashier”, the Bridgewater Associates founder said he preferred “a digital gold like bitcoin”…
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The World Bank is concerned about the transparency and financial impact of the Central African Republic (CAR)’s adoption of Bitcoin as legal tender. It claims that it will be “physically impossible” to fund the nation’s…
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Stablecoins provide a false sense of security. They give the impression to the uninitiated and/or uncaring that a particular coin is pegged to the U.S. dollar, or an equivalent of the dollar in terms of value and stability, and that if…
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Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to…
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BeCrypto takes a look at bitcoin (BTC) on-chain indicators, including those factors that speak to realized profits and losses.  Realized losses show total U.S. dollar (USD) loss value for BTC that were sold at a loss at a specified…
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Despite reclaiming the $30,000 mark late last night, bitcoin still closed the weekly candle in the red. Thus, the cryptocurrency extended its negative streak to eight consecutive weeks. 8 in a Row in Red A lot can change…
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