EL SALVADOR APPROVES LAW MAKING BITCOIN LEGAL TENDER

The president of El Salvador announced that a law making bitcoin legal tender has been approved, providing details about what this will mean. According to an announcement from President Nayib Bukele, the Congress of El Salvador has approved a law regulating bitcoin as legal tender. He announced that 62 out of 84 votes approved the measure. Bill […]

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Bitcoin and Ethereum fees slump to six-month low

The transaction fees of Bitcoin and Ethereum have slumped to six-month lows as the markets cool after the recent crypto downturn. According to BitInfoCharts, the average price of performing a transaction using Bitcoin has fallen from an early-April all-time high of $62.77 to around $7.20 — an 88% drop over just six weeks.  The falling Bitcoin […]

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Crypto Markets Rebound $300 Billion: Bitcoin Above $36K Again

After reaching a near 3-month low of $1.230 trillion, the crypto market cap has recovered $300 billion as bitcoin stands above $36,000. After another trading day of pain for the bulls, bitcoin has bounced off and jumped over $36,000. Most alternative coins continue their suffering, which is evident by BTC’s market dominance. The metric is […]

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Is Peter Brandt Changing His Mind on Bitcoin? Veteran Trader Unveils New Chart, Begins Crypto Hiatus

Career trader Peter Brandt is raising eyebrows after crafting a chart comparing Bitcoin’s current price action to historical precedent. Brandt took to Twitter to ponder whether Bitcoin’s price action is similar to moments in 2018 and 2019 at the start of major periods of decline and stagnation. Shortly after posting the chart, Brandt said he has no […]

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The Bitcoin Crash Is An Opportunity To Buy, Say Experts

Experts have termed the fall in Bitcoin’s price as an “expected healthy correction,” urging investors to stay calm and, if possible, use the crash as an opportunity to add to their portfolio.  The cryptocurrency market looks like it is in the doldrums at this point. For the past one week, we have seen the prices […]

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Bitcoin Price Tumbles Below $39K as Correction Hits 40%

Bitcoin prices have dumped to their lowest level since early February as more selling pressure has mounted up after increased inflow to exchanges. Wednesday’s Asian trading session has seen Bitcoin prices tumble below $40,000 for the first time since February 6. The asset dropped to a low of just below $39,000 a couple of hours […]

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Bitcoin (BTC) Breaks Down From Channel Amid Bearish Sentiment

(BTC) has broken down from a descending parallel channel that has been in place since April 14. It’s currently attempting to find support, approaching a strong Fib support area near $37,000. BTC breaks down from channel BTC had been trading inside a descending parallel channel since April 14. While it initially bounced at the support line […]

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