In a dramatic turnaround, Bitcoin broke through the $21,000 resistance level on Friday, October 27, 2023, following a surprisingly lower-than-expected U.S. inflation report. This surge, which defied months of bearish sentiment, has injected a much-needed dose of optimism into the beleaguered cryptocurrency market. The Consumer Price Index (CPI) data, released earlier in the day, showed…
Author: Penny White
Bitcoin’s recent price action has ignited a debate among analysts: will the bulls continue their charge, or will the bears regain control? After experiencing a significant rejection at the critical $17,800 resistance level, Bitcoin’s upward momentum has stalled, leaving investors apprehensive about the immediate future. The $17,800 barrier has proven to be a formidable obstacle…
Wintermute Asia, a digital asset derivatives trading firm, has successfully executed its first options block trade through CME Group, a leading global derivatives marketplace. This marks a significant milestone for the crypto derivatives market, as it is the first time that a large OTC market maker has traded options on a regulated exchange. The trade,…
Robert Kiyosaki is the author of the best selling personal financial book Rich Dad Poor Father’ and has attacked these claims. In a July 31 tweet, Kiyosaki reiterated his support for Bitcoin, gold, and silver ( BTC). WTF. WSJ says economy is strong. They don’t know that the stock market has risen because Biden raised the debt ceiling. The stock market is…
Tether, the world’s largest stablecoin issuer, ended the first quarter 2023 with net profits of $1.48 Billion, which is double the $700 MILLION it earned in the quarter before. The company also confirmed that token circulation increased by 20 percent. The consolidated reserve report signed by BDO Italia shows that Tether’stotal asset at the end March was…