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Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency

In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN issued the warning after it became “inundated with complaints from members of the public on the rejection of such notes by banks and other authorized […] дальше »

2021-5-3 11:30


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Swiss Regulator FINMA Rejects Bitcoin Suisse Application for a Banking License

The Financial Market Supervisory Authority (FINMA) of Switzerland has rejected Bitcoin Suisse’s application for a banking license. AML Weaknesses Contributed to the Rejection The move is a significant setback for the eight-year-old crypto broker, which is flush with cash, on track for a double-digit million-dollar profit in 2020. дальше »

2021-3-18 19:00


Bitcoin Sets New Highs as All Eyes Watch Reaction to $50,000 Resistance

Bitcoin set fresh all-time highs today, with bulls taking full control of the cryptocurrency’s price action as they set their sights on $50,000 Where the crypto trends in the near-term should depend largely on whether or not bulls will be able to maintain their current momentum Any firm rejection could result in another drawdown, signaling that the resistance within the upper-$40,000 region is insurmountable for the time being One trader explained in a recent tweet […] дальше »

2021-2-11 21:00


Bitcoin is About to Clear a Crucial Resistance; What Analysts are Saying

Bitcoin has seen some mixed price action as of late, with bulls currently trying to form a breakout rally as the crypto pushes towards key resistance It did face a somewhat strong rejection earlier today that has since led it lower, which could be a grim sign for what comes next One trader said in a recent tweet that BTC’s near-term outlook likely depends wholly on whether or not it can continue pushing higher and […] дальше »

2021-2-2 21:00


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Here’s the Key Level Bitcoin Needs to Reclaim for Bulls to Take Control

Bitcoin’s appears to be caught within a firm bear trend, with the cryptocurrency being wholly unable to see any sustained rebounds Each rally over the past week has been firmly rejected, with BTC rallying to highs of $34,500 yesterday before facing a rejection that sent it down towards $30,000 today Where the entire market trends […] дальше »

2021-1-27 23:00


All Eyes are on $26,000 as Bitcoin’s Momentum Shows Signs of Faltering

Bitcoin’s price action as of late has greatly favored bears, with bulls being unable to generate any significant momentum This comes just 24 hours following a failed breakout attempt seen by the cryptocurrency that ultimately resulted in it seeing a massive rejection around $34,500 The selling pressure here indicates that bulls may not have enough present strength to reverse the downtrend that began following the break below $40,000 several weeks back This has created headwinds […] дальше »

2021-1-26 21:00


Bitcoin Plunges as Bears Roar, But Here’s Why Analysts Aren’t Too Concerned

Bitcoin has seen some mixed price action as of late, with bulls attempting to push it higher yesterday before it saw a strong rejection that sent it tumbling lower The crypto is still trading firmly within the trading range that it has been caught within throughout the past several weeks, and not much has changed from a structural perspective Despite the apparent intensity of this selloff, one analyst is noting that he isn’t too concerned […] дальше »

2021-1-21 21:00


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Ethereum is About to Flip a Key Resistance Level into Support; New Highs Imminent?

Ethereum has seen some mixed price action as of late, with the cryptocurrency mainly taking its cues from Bitcoin This has caused it to struggle to gain any serious momentum, with its price being stuck within the mid-$1,200 region throughout the past few days The selling pressure at $1,300 has catalyzed a strong rejection in […] дальше »

2021-1-19 01:00


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Bitcoin’s Bear Case Suggests Move to $28,000 is a Possibility in the Near-Term

Bitcoin’s price action as of late has been quite ambiguous, with buyers and sellers largely reaching an impasse as BTC struggles to gain any decisive momentum The crypto did make an attempt to break above $40,000 yesterday, but the selling pressure here was significant and sparked a rejection Its price has since plunged to the […] дальше »

2021-1-16 00:00


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Here’s the Key Level Ethereum Needs to Claim for Bulls to Take Control

Ethereum has rebounded from its overnight lows, but it’s slightly underperforming the benchmark cryptocurrency at the moment Bitcoin is now plowing past $35,000, with bulls picking up steam as they look to reverse the recent downtrend There’s a strong possibility that the market’s next trend will depend largely on whether or not BTC can navigate towards $40,000 without seeing a strong rejection This could set the tone for where major altcoins like Ethereum trend as […] дальше »

2021-1-14 01:00


Coinbase Whales Keep Buying Bitcoin as Price Rockets to New All-Time Highs

Bitcoin is in the process of consolidating after the cryptocurrency saw a push to all-time highs last night, which led it as high as $36,000 This movement came about suddenly and was quite surprising, but it didn’t last for long The rejection at these highs was not too grave, as BTC has been able to find some strong support within the lower-$34,000 region ever since There’s a strong possibility that it will consolidate here, as […] дальше »

2021-1-7 21:00