Investors Shouldn’t Abandon Crypto Because of Terra’s Collapse, Says IMF’s Managing Director

investors-shouldn’t-abandon-crypto-because-of-terra’s-collapse,-says-imf’s-managing-director

According to Kristalina Georgieva – the Managing Director of the International Monetary Fund (IMF) – the recent fiasco with LUNA and UST should not become a reason for people to turn their backs on the cryptocurrency industry entirely. Unlike her previous statements, she praised the “faster service, much lower costs, and more inclusion” that the … Read more

Bitcoin Price Analysis: BTC Can Drop to $24K If Bearish Sentiment Continues

bitcoin-price-analysis:-btc-can-drop-to-$24k-if-bearish-sentiment-continues

Bitcoin’s rapid downtrend has halted, as the price has been consolidating in the $29K-$30K area over the last few days. The $28K-$30K bottom of the 2021 crash is currently acting as support and has held the price for a couple of weeks. Technical Analysis By Edris The Daily Chart Currently, if the price breaks the … Read more

Bitcoin Rejected at $30K Again, Avalanche Slumps 9% (Market Watch)

bitcoin-rejected-at-$30k-again,-avalanche-slumps-9%-(market-watch)

A familiar scenario occurred in the crypto market in the past 24 hours as bitcoin was rejected at $30,000 once again. The altcoins have followed suit with daily declines. Ethereum slid below $2,000, while Cardano, Solana, and Avalanche are deeper in the red. Bitcoin Stopped at $30K After last week’s sideways trading, in which BTC … Read more

After Predicting $400K Bitcoin, Guggenheim Now Sees a Crash to $8K

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With the price of bitcoin currently below $30,000, Scott Minerd, the chief investment officer of global investment giant Guggenheim Partners, believes BTC’s value could further dip to $8,000. Bitcoin Price Could Bottom at $8,000 Minerd made the bearish prediction on Monday (May 23, 2022), during an interview on CNBC’s Squawk Box at the World Economic … Read more

Luxury Fashion House Balenciaga Accepts Payments in BTC and ETH (Report)

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The French fashion brand – Balenciaga – will reportedly embrace cryptocurrencies as a payment method for its products. Initially, the offering will be available at the firm’s US shops on Madison Avenue in New York and Rodeo Drive in Beverly Hills, Los Angeles. Balenciaga Catching the Crypto Wave According to a recent coverage, Balenciaga will … Read more

Negative Streak Continues: Bitcoin Registers 8 Consecutive Weekly Candle in Red

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Despite reclaiming the $30,000 mark late last night, bitcoin still closed the weekly candle in the red. Thus, the cryptocurrency extended its negative streak to eight consecutive weeks. 8 in a Row in Red A lot can change in the cryptocurrency space in two months, and it definitely did for bitcoin. The asset stood close … Read more

Christine Lagarde’s Son Is a Crypto Investor Despite Her Anti-Bitcoin Stance

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The President of the European Central Bank (ECB) – Christine Lagarde – reiterated her negative stance on cryptocurrencies, claiming they are “based on nothing” and should be strictly regulated. Nonetheless, she revealed that one of her sons had distributed some of his wealth into the digital asset market. Diving Into Crypto Despite Mom’s Advice Numerous … Read more

Another Crypto Bet: Drake Lost $234K in BTC on the F1 Spanish GP

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The Canadian rap star – Aubrey Drake Graham (better known as Drake) – placed a $234,000 worth of bitcoin bet on Ferrari’s driver Charles Leclerc to win the Spanish Grand Prix. Unfortunately for him, the winner of the race was Red Bull’s pilot Max Verstappen. Drake’s First F1-Bitcoin Bet The artist took it to Instagram … Read more

Market Watch: Bitcoin Reclaims $30K, LUNA Recovers 12%

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Following the relatively calm weekend, bitcoin finally initiated an impressive leg up and jumped above $30,000. Most altcoins are also well in the green, with ETH standing north of $2,000 and BNB charting a new two-week high. Bitcoin Reclaims $30K The past seven days were substantially less volatile than the previous week, in which BTC … Read more

BTC Facing Critical Decision Ahead of a New Week (Bitcoin Price Analysis)

btc-facing-critical-decision-ahead-of-a-new-week-(bitcoin-price-analysis)

Currently, the price is consolidating inside a crucial demand zone. However, considering the current global markets’ sentiment and recent price action, it’s too early to label the present region as the bottom. Technical Analysis Technical Analysis By Shayan The Daily Chart Despite the recent equilibrium in the $29-30K range, the price might simply be forming … Read more