
Bitcoin Price & Technical Analysis: BTC Developing Correction and Has Chances For New Growth
After the robust beginning of January, the BTC has been correcting for two days already. It is now trading at $7932.00.
After the robust beginning of January, the BTC has been correcting for two days already. It is now trading at $7932.00.
Just yesterday, the Binance Futures platform announced its fifth perpetual contract, pairing EOS with Tether’s USDT. And today it’s time for the sixth one.
Kelly Loeffler, the former CEO of Bakkt and Georgia’s newest Senator, is also assigned to serve on the Senate Agriculture Committee with the Commodity and Futures Trading Commission (CFTC).
As Iran attacked U.S. troops in Iraq, Bitcoin has added 5% to its value in the last 12-hour trading period and 15% from the beginning of the year.
Binance Futures has launched another perpetual contract making it the fifth one. According to CZ, Binance plans to expand its offering and create futures for the market’s top 20 cryptos.
Bitcoin blockchain network’s mining power has made a new all-time high record thereby indicating the high relative strength of the blockchain. With this, the Bitcoin price has surged 5% to climb above $8300 levels.
Bitcoin’s price has set a new record in 2020. Many analysts believe that a bull run is here. Others think that the price movements may reverse as well.
The initial capacity of SBI and GMO’s mining center will be 300 megawatts and it is expected to expand to 1 gigawatt by the end of 2020.
Bitcoin is actively supported in various former resistance zones, including the levels of $7,800, $7,600, and $7,300.
According to Mike Novogratz, the U.S.-Iranian conflict has high chances to lead to the escalation of the political situation and further growth of Bitcoin and gold price.
Together with Turkey, Qatar joined the club of nations with strict cryptocurrency regulation. Unlike many other countries, Qatar didn’t leave the crypto traders and companies any workarounds to continue operating.
Local businesses and officials keep asking the highest powers of Turkey whether they will legalize the use of cryptocurrency. The CMB finally gives its answers, and they’re not very optimistic.
The upcoming Bitcoin halving which will take place in May this year is likely to become a positive catalyst not only for Bitcoin but also for crypto assets in general.
Amidst the hyperinflation and economic crisis in Venezuela, Burger King has decided to accept cryptocurrency payments in partnership with Cryptobuyer across all of its 40 stores in the country.
As we complete 11 years since Block 0 of the Bitcoin network came into existence, here’s a look into what lies ahead for Bitcoin investors in 2020.