Bitcoin News
El Salvador’s Bitcoin Law and Impact on Remittances
El Salvador’s new bitcoin wallets could cost money services providers like Western Union and MoneyGram $400 million a year in commissions for remittances, according to CNBC. “The Hash” panel discusses the potential impact of El Salvador’s bitcoin adoption on its remittance payments and the country’s wider economy.
Has Surveillance Become a Way of Life 20 Years After 9/11?
Saturday is the 20th anniversary of the September 11 attacks. “The Hash” panel reflects on its history and present legacy that has been left since, discussing its impact on today’s surveillance age and bitcoin’s emergence.
Bukele’s MS-13 Double Bind
The Salvadoran President has had to operate in secret while negotiating with gangs. That has raised suspicions and lent aid to his critics.
Bitcoin Buying Opportunities to Watch
Mario Gomez Lozada, co-founder of crypto options and derivatives platform PowerTrade, discusses his reading of the crypto markets and explains key buying opportunities to watch for bitcoin. "I think we've seen a good pullback," Lozada said. "I don't think it's going to fall that much further." Plus, insights into BTC flows, spot activity, and ETH.
Bitcoin Stalls at Support, Resistance at $50K
Upside momentum is slowing into the weekend, which can limit price rises.
Bitcoin Coasts Long-Term Moving Average as Investor Holdings Increase
The bullish market structure remains intact for the short-term, according to some.
What Is a Bitcoin Futures ETF?
A bitcoin futures ETF is another type of regulated financial product that allows investors to indirectly participate in the bitcoin market.
Market Wrap: Bitcoin Returns Above $46K; ‘Bored Apes’ Fetch $24M
Some analysts see a temporary retracement for bitcoin and expect buyers to step in.
Where Is Bitcoin Headed?
A new bitcoin four-hour price chart reveals the relative strength index (RSI) is oversold, which typically precedes a price bounce. However, the RSI is neutral on the daily and weekly chart, suggesting a period of consolidation between $42,000 support and $50,000 resistance could persist.
What Triggered This Week's Market Correction?
Messari research analyst Aidan Mott discusses the potential catalyst behind this week's market correction, explaining why his outlook for bitcoin remains positive despite recent "rapid cascading liquidations" across the crypto markets. "We're seeing a healthy rebound into more normal territories," Mott said. Plus, insights into institutional activity.
