Bitcoin

Decentraland (MANA) Encounters Resistance Confluence, Eyeing 15% Upsurge

Decentraland (MANA) Encounters Resistance Confluence, Eyeing 15% Upsurge

MANA price bounces off the daily demand region that extends between $2.20 and $2.82, hinting at upswings. Decentraland will meet the weekly resistance zone at 43.26 and liquidity beyond $3.39 on the upside journey. Breaching the demand region's bottom limit near $2.20 will form a lower low, canceling the bullish case. Decentraland (MANA) appears to retest a critical support levels confluence that might catalyze upward price actions. Nevertheless, the metaverse crypto will encounter several obstacles in its bullish rally. MANA Plans to Rise Higher MANA price retested a bear trend-line twice since 29 November 2021, the $5.24 swing high. The…
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Bitcoin (BTC) Price Has Dropped 10% Since 2022 Started – Time to Buy?

Bitcoin (BTC) Price Has Dropped 10% Since 2022 Started – Time to Buy?

Indeed, the crypto industry prints disappointing actions at the start of the New Year. Bitcoin (BTC) has maintained downtrends so far this year. The latest fall followed hawkish comments from Federal Reserve, highlighting inflation. For now, the leady crypto has lost over 10% as far as 2022 is concerned, indicating its high volatility. While publishing this content, Bitcoin has its price fluctuating at $41,800. That way, the token stays 38% lower from the November record high, near $69,000. Bitcoin's Recent Moves Bitcoin's latest price drops came due to unfavorable market situations that ruined investor sentiment. The U.S. Federal Reserve's minutes…
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Reserve Bank of India Declares Crypto as an Instrument of “Fraud” & “Consumers’ Nightmare”

Reserve Bank of India Declares Crypto as an Instrument of “Fraud” & “Consumers’ Nightmare”

Reserve Bank of India (RBI) had never lent out any sort of recognition nor any support to digital currencies ever, however, it has been continuously discouraging Indian to beware of them because they are instruments of “fraud” and “consumers’ nightmare”. It recently shared the same point of view when RBI said that engaging with cryptocurrencies may lead to consumers’ nightmares and expose them to risks of fraud and extreme volatility. The Financial Stability Report has recently been compiled and made public by the Reserve Bank of India (RBI). The report is comprehensive in nature as it expands over 150 pages…
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Exceptional Government Decisions Making 2021 an Unforgettable Year for Bitcoin & Crypto Economy

Exceptional Government Decisions Making 2021 an Unforgettable Year for Bitcoin & Crypto Economy

The 12 months of 2021 were undoubtedly the best months in terms of cryptocurrencies if regulatory setbacks were to be disregarded. During this time, some exceptional decisions were taken by some of the Governments of the world. Crypto market value gains were so prominent in 2021 that they forced several governments to embrace them without raising an objection. The credit goes to Bitcoin which even was traded at the price of US$ 68,000 per coin. Perhaps it was because of Bitcoin’s year-to-date growth which forced Government in El-Salvador to grant it the ‘legal tender'. The year also saw the inauguration…
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Crypto Stocks Couldn’t Outdo Bitcoin in 2021 Though Returns Were Promising

Crypto Stocks Couldn’t Outdo Bitcoin in 2021 Though Returns Were Promising

While everybody was busy buying and selling digital currencies in 2021, crypto stocks were totally forgotten during this time. In fact, the investors did not realize that crypto stocks were offering such huge profits. Had they realized this, then they could have made considerable money which they might have used for buying expensive digital assets such as Bitcoin. It was the rising value of Bitcoin in 2021, which diverted investors’ attention towards itself in the expiring year. Just because of Bitcoin, the investors hadn’t even looked at “crypto stocks” as a viable source of generating some serious funds. Crypto market…
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Purchasing Products With Digital Assets Not Against The Law –  Bank Of Thailand

Purchasing Products With Digital Assets Not Against The Law – Bank Of Thailand

A high-ranking executive of the Bank of Thailand (BOT), Sakkapop Panyanukul, made an effort to define the BOT's position on digital assets. Panyanukul revealed that the primary financial institution in Thailand was presently deliberating on guidelines for the emerging market and is in talks with other financial regulatory bodies in the country on the matter. He revealed that the goal of regulations was minimizing the harm to participants in the emerging ecosystem. Panyanukul disclosed that trade was being carried out in Thailand with cryptocurrencies. He said these transactions did not breach any laws. He, however, warned those engaging in these…
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Asian Lonesome Hearts Deteriorating Target to Bitcoin, Tether Scammers

Asian Lonesome Hearts Deteriorating Target to Bitcoin, Tether Scammers

More Asian forlorn hearts are allegedly being deceived out of their well-deserved cash – and tokens like bitcoin (BTC) and tie (USDT) – by a developing number of tricksters who go after the clueless clients of dating applications. A few reports from the area have related how sentiment looking for cell phone clients have been sucked into traps by corrupt people acting like extraordinary global crypto dealers – just to loot their casualties utilizing counterfeit trade locales and other underhand strategies. Per UTY (using Yahoo Japan), a lady "in her 30s" from Kai, Yamanashi Prefecture, met a man professing to…
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El Salvador’s Government Buys Bitcoin Again As The Price Drops Lower

El Salvador’s Government Buys Bitcoin Again As The Price Drops Lower

El Salvador has purchased an additional 150 Bitcoins. The country's Bitcoin stash is now edging closer to 1,300 tokens. The country's reserve in Bitcoin is worth just over $60 million at the moment. The government did this after the biggest downward market trend since it hit its most recent peak, near $69k. The president disclosed the latest purchase as the crypto price dropped to almost $46k, a drop of over 15% in price.  Details Of The Transaction  The government disclosed that they purchased the coin around the $48k price point. The market value will go lower to the $42k price…
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