Share this article As the price of gold surged to an all-time high on Monday, breaking through the key $2,100 level, Bitcoin has rallied even more strongly, showing “more strength” than the precious metal, said Bloomberg Intelligence commodity strategist Mike McGlone today in an interview. Gold rallied as much as 3% to a record $2,135 per ounce, boosted by a decline in the US dollar and bets…
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The landscape of Bitcoin may be, on the verge of a transformation. An individual who previously held a position at BlackRock representing the asset management company globally has indicated that there is a possibility of approving Bitcoin based Exchange Traded Funds (ETFs) in the United States. This development is not a victory for Bitcoin; it could signify a crucial turning point in how the market perceives this digital currency. The approval of ETFs would carry implications. It would provide investors, known for their substantial financial resources with a secure and familiar avenue to invest in Bitcoin. Many experts speculate that these prominent players could bring about a $17.7 trillion investment. Such a substantial influx of funds might further elevate the value and importance of Bitcoin within the realm of
Read more on Big Bucks & Bitcoin: How an ETF Could Shift the Game
Benedetto Garacci, from Adweek Portfolio (1988)
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The price of Bitcoin experienced a sharp decline after reaching close to $45,000, dropping over 8%. However, there seems to be some bullish activity above the $40,000 level. Bitcoin is currently trading below $43,500 and the 100 hourly Simple Moving Average. A key bullish trend line with support near $43,500 was broken, indicating bearish signs.
Bitcoin had been in a bullish zone after surpassing the $40,000 resistance, steadily rising above $42,000 and $43,000. The price even reached above $44,000 but failed to test the $45,000 resistance. It then began a swift downward correction, falling below $44,000. Additionally, there was a break below the crucial bullish trend line near $43,500.
The BTC/USD pair dropped below the 50% Fib retracement level of the upward movement from its swing low of $39,398 to the high of $44,699. Bitcoin is currently trading below both $43,500 and the 100 hourly Simple Moving Average. However, the $40,000 support level and the 76.4% Fib retracement level are being defended by the bulls. The price is currently attempting a recovery but is facing resistance near $42,400.
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BitcoinPrice #BearishSigns #BullishMomentum #Cryptocurrency
Bybit, the third most popular cryptocurrency exchange, announced the launch of a debit card issued by Moorwand and powered by Mastercard.
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Bitcoin is a groundbreaking digital currency that operates on a decentralized, peer-to-peer network. Established in 2009, it was created by an anonymous figure or group known as Satoshi Nakamoto. Unlike regular currencies, Bitcoin does not rely on any government or banking institution for its operation but instead relies on a blockchain, a public ledger that records all Bitcoin transactions. Bitcoin has revolutionized the way money is exchanged and is becoming increasingly popular and widely accepted.
Bitcoin is an extremely valuable digital asset due to its limited supply of 21 million coins. This scarcity makes it a desirable asset for transactions and investments, as its value is likely to increase over time. Additionally, cryptocurrency is decentralized and secure, making it a reliable form of currency.
Bitcoin is a decentralized cryptocurrency that uses advanced cryptography and algorithms to secure transactions and regulate the creation of new units. All transactions are recorded and verified on the blockchain, ensuring that the transactions are immutable and irreversible. By eliminating the need for intermediaries such as banks, Bitcoin provides a secure and reliable way to transfer value with minimal fees and low processing times.
14 March 2023, Tuesday.
Today was a rough day. I've fallen a bit behind on my test schedule and the stress is killing me. Literally woke up and had a meltdown. On top of that my family keeps scheduling other things to do and it's so frustrating to have to follow everyone else's agenda at the cost of my time and sanity.
I solved a lot of tax questions today. Tomorrow I will revise a bit of gst law and do both a taxation test as well as a costing test.
Besides that, I started reading A Little Life by Hanya Yanagihara. It was recommended to me by a friend along with all sorts of trigger warnings, but I'm looking forward to taking my time with it.
Miss Cat looked so comical sitting in a empty yogurt container, that I had to try and capture that. She's more than doubled in size in the last four months.
-G
In 2009, Satoshi Nakamoto founded the cryptocurrency Bitcoin (CRYPTO: BTC). Here’s a look back at the pseudonymous creator and the price history of the leading cryptocurrency. What Happened: In October 2008, Nakamoto published a whitepaper titled “B
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