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27.02.2024 23:12:51
Man Who Laundered Billions in Bitcoins Says Bitcoin Fog Was a Help: Bloomberg
Ilya Lichtenstein, one of the crypto industry's most high-stakes criminals, is
now helping federal prosecutors in their case against Bitcoin Fog, one of the
mixing services he said he'd used to conceal assets.
27.02.2024 21:57:30
Why the ENS Battle Over Eth.Link Matters
The critical piece of infrastructure serves as a bridge between Web3 and the
wider web and symbol for the limits of decentralization.
27.02.2024 20:45:08
Bitcoin-Focused Payments App Strike Rolls Out Services to Africa
Bitcoin-focused payments firm Strike is expanding its services to African
countries including Nigeria, South Africa and Zambia, the company announced in a
blog post Tuesday.
27.02.2024 18:30:59
BlackRock Bitcoin ETF Heads for Second Consecutive Day of Over $1B Volume
Spot bitcoin ETFs had their best day since their debut on Monday, recording $2.4
billion in daily trading volume coupled with strong inflows.
27.02.2024 17:28:34
Bitcoin is on fire. Is it too hot? Where does it cool?

The price of bitcoin is hot. It is red hot. From the low yesterday at $40,900,
the price has moved to a high today of $57,449. That is a pretty healthy move in
a short period of time.

Looking the RSI, it is higher and in overbought conditions. The RSI is even
diverging. So is it time to sell.

Well, looking at the daily chart, there isn't a level to lean against until
probably near $60000.

Drilling to the hourly chart, the run higher has run away from my favored 100
and 200 hour MAs. RSIs are also diverging but there is nothing to show, "it is
time to sell".

To find a level, I have to drill to the 5 minute chart. On that chart, the price
has moved below the 100 bar MA on that chart intraday today, BUT stalled just
ahead of the 200 bar MA on the same chart. Until the price goes below that MA
(and stays below), the sellers should stay away. The buyers remain in full
control.

Don't fall for too hot. Things can always get hotter. Wait for the market price
and technicals to show you the way.

Learn all about it, by watching the video above....

This article was written by Greg Michalowski at www.forexlive.com.
27.02.2024 15:18:18
Play-to-Earn Will Make the Pie Bigger
Despite being ostracized by the broader gaming community, financially-motivated
players could unlock remarkable growth in both gaming and crypto, says Leah
Callon-Butler.
27.02.2024 14:02:39
PEPE and WIF Jump 50%, Putting Ethereum and Solana Meme Coins in Focus
PEPE tokens were up as much as 51% in the past 24 hours as some traders
considered the meme tokens as an Ethereum ecosystem bet.
27.02.2024 13:09:51
First Mover Americas: Bitcoin’s Bitfinex-Led Surge
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb.
27, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the
latest actions in the crypto markets.
27.02.2024 12:03:54
Ether Demand Is Driven by U.S. Investors, Data Shows
Coinbase premiums for ether (ETH) tokens were higher than usual in the past
week, suggesting the demand was led by U.S. investors, CryptoQuant said.
27.02.2024 11:22:48
Stablecoin USDC Is Making a Comeback: Coinbase
Total market cap of the dollar-linked coin has increased faster than larger
rival USDT's in recent months.
27.02.2024 08:51:42
Republican Lawmakers Introduce Legislation to Ban a CBDC in the U.S. ... Again
Another group of Republican lawmakers has introduced legislation to block
efforts to introduce a digital dollar.
27.02.2024 07:10:21
Chart Expert Peter Brandt Raises Bitcoin's 2025 Target to $200K on Channel
Breakout
Brandt expects bitcoin's ongoing bull market to peak at $200,000, a significant
upward revision from the previous estimate of $120,000.
27.02.2024 04:58:57
Bitcoin Shorts Lose $150M As BTC Poised for ‘Tremendous Upside’
A market observer said that bitcoin and crypto markets will enter an
“unprecedented phase of adoption” as prices eventually breach lifetime peaks.
27.02.2024 02:59:03
Bitcoin Soars as Microstrategy Invests $155mn, halving a background fundamental
too

The surge in Bitcoin in the past 24 hours or so has been attributed to buying
from Microstrategy.

Adam had this info on Monday US time, but ICYMI:

 * Bitcoin breaks the range to hit $53,000 for the first time since 2021

More:

Microstrategy bought around $155mn of BTC

 * bought around 3000 BTC between February 15 and 25
 * price was around 51813 USD
 * the firm (and subsidiaries) now holds around 193K BTC

Now, all the above is merely an elaboration on the 'more buyers than sellers'
explanation. Which the pedants hate, but price responds to demand and supply,
and here we are.

A more 'fundamental' reason is the impending halvening, which has backstopped
BTC. I posted on this here, way back in 2023:

 * Bitcoin, rising in price to over USD50K due to a 'halvening' (some call it
   'halving')

And even Goldman Sachs caught on:

 * Goldman Sachs on the scooping up of crypto by institutions in 2023

Bitcoin update:

This article was written by Eamonn Sheridan at www.forexlive.com.
27.02.2024 02:43:24
HTX Withdraws Hong Kong Crypto Exchange Application
Hong Kong's securities regulators says HBGL Hong Kong Limited withdrew its
application for a license on February 23.
27.02.2024 01:50:13
Bitcoin jumping higher again, price above US$55K

The BTC surge continues.

ETH is >3200

This article was written by Eamonn Sheridan at www.forexlive.com.
26.02.2024 22:37:22
What Spot Bitcoin ETFs in Canada Say About the U.S.

26.02.2024 21:09:29
5 Things Satoshi Nakamoto Correctly Predicted About Bitcoin
In a document dump of emails, Bitcoin’s pseudonymous creator foresaw many of the
biggest trends driving the development of the first cryptocurrency.
26.02.2024 20:43:31
Ether is Now the Largest Institutional Crypto Asset: Bybit Research
Ether is now the largest single asset held by institutions, with Bybit
speculating that this may be because of an upward swing from the Dencun upgrade.
26.02.2024 19:51:18
Bitcoin climbs nearly 7% to $54,000. What's next

Momentum is the dominant feature of markets this year and nothing has more
momentum than bitcoin right now. After a 10-day break as it consolidated around
$52,000, bitcoin has broken out in a big way.

It's up $3400 today, or 6.7%, to $54,450. That's the highest since December
2021.

Looking at the weekly chart, the breakout also clears some minor resistance at
$52,000 and suddenly, not much is standing in the way of a return to the record
highs near $69,000.

Bitcoin bulls are optimistic that the looming halvening of mining supply, which
is projected in late April, will tighten the market further. Oftentimes,
speculators front-run moves, as they did on the ETF launch. A sell-the-fact
trade on that was the right one as prices fell 20% before stabilizing and then
quickly rebounding.

Right now, easy inflows into ETFs are helping to fuel the run-up as momentum
trades dominate. The risk is that momentum runs both ways and we will see rapid
declines in the future. That said, for now we've had a decent consolidation and
the upside breakout will likely attract more buyers as the $60K range becomes
visible.

This article was written by Adam Button at www.forexlive.com.
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