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Bitcoin, Ethereum Correct Gains; Amazon Denies Rumor, Tesla Still Holds BTC
27.7.2021
Bitcoin price gained pace above the USD 38,000 resistance level. BTC even spiked above USD 40,000, but it faced a strong rejection. A high was formed near USD 40,500 and the price is currently (03:40 UTC) correcting gains.
Similarly, most major altcoins are correcting gains also. ETH topped near...
Market Strategist Says Bitcoin’s Best Days Are Ahead, Won’t See Restrictive Fed Policy Anytime Soon
27.7.2021
The founder of investment management firm Michael Lee Strategy says that “the best days of bitcoin are definitely ahead of it,” expecting the cryptocurrency to “make all-time new highs.” The strategist further says that it will be a long time “before we see any sort...
Amazon denies rumored plans for Bitcoin support
27.7.2021
Despite rejecting rumors the e-commerce giant will soon support Bitcoin payments, a spokesperson for Amazon has said the firm is still interested in the crypto space
Tesla reports record $1B income for Q2 despite $23M impairment loss on BTC
27.7.2021
Tesla’s latest earnings report showed that the firm conducted no digital asset purchases or sales in Q2, but reported an impairment loss of $23 million on its BTC holdings
Tesla Reveals Bitcoin Holdings Worth $1.3 Billion in Q2, $23 Million BTC Impairment
27.7.2021
Elon Musk’s electric car company, Tesla, is holding bitcoin worth $1.311 billion. The company did not buy or sell any bitcoin during the second quarter but recorded bitcoin-related impairment of $23 million. Tesla’s action reaffirms Musk’s prior statement that neither he nor Tesla...
Ternoa to List on AscendEX
27.7.2021
PRESS RELEASE. AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is excited to announce the Ternoa token (CAPS) listing under the pair USDT/CAPS on July 27 at 1 p.m. UTC. AscendEX and the Ternoa team will jointly launch two limited-time promotional events...
Think Tank: Crypto Buyers Must Have Right to Claim Refunds
27.7.2021
A report from a leading South Korean think-tank has concluded that crypto exchanges, banks and other institutions should be legally obliged to refund crypto investors in the event of the loss of private keys or bankruptcies.
According to Aju News and Sports Seoul, the recommendations came in...
Thorchain Trolled by Hacker After Two Successful Seven-Figure Exploits
27.7.2021
Thorchain, a popular defi protocol, has been compromised twice in the last two weeks, resulting in losses of over $10,000,000. The hacker responsible for the latest exploit left behind a message detailing the measures that should be undertaken to protect users. Hacker Returns to the Scene...
Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’
27.7.2021
Bitcoin price sold off below $37,000 shortly after topping $40,500, leading analysts to caution that bears still have a few tricks up their sleeves
PrimeXBT Lead Analyst Kim Chua: Historical Metric Suggests Bitcoin Bull Run Not Over
27.7.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
The sharp pullback and the amount of time Bitcoin has spent looking weak has gotten many traders worrying that the current bull market cycle has run its course and that we are moving into a bear...
IMF issues veiled warning against El Salvador’s Bitcoin law
26.7.2021
Making any cryptocurrency a national currency “is an inadvisable shortcut” to more inclusive financial services, according to two IMF officials
The Tether Put: Crypto Equivalent of Credit Default Swap?
26.7.2021
Cryptocurrency market makers say they're fielding inquiries about how to bet on a falling price for the dollar-pegged stablecoin USDT
Fed Faces Double Inflation as Supply Chain Falters, Economists Question Spending, Biden ‘Not Worried’
26.7.2021
Reports show a vast majority of the American populace has been worried about rising inflation and as the weeks roll by, the financial situation continues to look grim. US Senator: ‘There’s No Justification for the Fed to Maintain Its Purchases’ A few analysts believe the upcoming...
Market Wrap: Possible Trend Reversal as Bitcoin Spikes Past $40K
26.7.2021
The strong bounce in bitcoin over the weekend occurred as shorts covered positions
Bitcoin Climbs Past $40K for First Time Since Mid-June
26.7.2021
Market analysts say Monday's price gains accelerated amid a short squeeze
Bitcoin hits $40K after a 6-week absence, but on-chain activity is 'somewhat bearish'
26.7.2021
BTC price is back above $40,000, but not every data point signals that a bullish impulse move is in the making
Price analysis 7/26: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
26.7.2021
Traders are hopeful that Bitcoin’s bounce from $29,000 to $40,000 and the strong rally seen in altcoins is a signal that the bull market has resumed
Bitcoin Spike Fueled by Short Squeeze as Market Shrugs Off Tether News
26.7.2021
According to one analyst, some $1 billion in trading positions were liquidated as prices surged
Jeff Bezos Directs Amazon to Accept Bitcoin and Other Popular Cryptocurrencies: Report
26.7.2021
Amazon is reportedly planning to accept bitcoin by the end of the year, after which the company will roll out support for other major cryptocurrencies. Furthermore, the company is exploring launching its own cryptocurrency. “The directive is coming from the very top … Jeff Bezos...
Bitcoin Recovery Rally Could Quickly Climb Back To $42,000, Claims PrimeXBT Analyst Kim Chua
26.7.2021
Bitcoin price is currently in recovery mode after briefly plummeting below $30,000. According to PrimeXBT market analyst Kim Chua, the recovery has legs and could take Bitcoin to $42,000. To little surprise, comments from eccentric Tesla CEO Elon Musk caused the price of Bitcoin and other...