Tags : Support

Bitcoin

54% of Koreans say they support crypto taxes

A new survey in South Korea has shown that 53.7% of respondents support the upcoming implementation of capital gain taxes on profits from crypto trading, local outlet Yonhap News Agency reported today. Per the publication, the survey was conducted by public opinion-focused company Realmeter on 500 Koreans aged 18 and older last Friday. According to […]Read More

Bitcoin

Bitcoin Weekly Outlook: Crucial Support Promises $60,000-Breakout

Key Bitcoin Takeaways Bitcoin prices edged lower during the weekend session amid choppy sentiment. The cryptocurrency remained resilient to aggressive bullish moves against a firmer US dollar and Treasury yields. Nevertheless, it holds above crucial technical support, eyeing a breakout above $60,000. Bitcoin underwent a minor sell-off during the weekend session but held above a […]Read More

Bitcoin

Bitcoin Support at $47K “Very Strong,” Glassnode CTO Asserts After

Bitcoin has an extreme potential to hold $47,000 as its support level, according to Rafael Schultze-Kraft, the co-founder/CTO of blockchain analytics platform Glassnode. The data scientist studied the number of existing bitcoins that moved within the said price bucket and placed it against other price levels. He noted that the “UTXO Realized Price Distribution” near […]Read More

Bitcoin

Why The Bitcoin Price Recently Found Support At $46K

After plummeting from $46k to $43k on Sunday, Bitcoin managed to hold onto the critical support level of $46,000. Breaking Down Bitcoin’s Price Action Down 20% from its all-time high reached earlier this month, Bitcoin finds itself in correction territory – a sharp change from the almost uninterrupted year-long bull run. With a relative strength […]Read More

Bitcoin

Bitcoin Weekly Outlook: T-Bonds Threaten Crucial BTC/USD Support

Key Bitcoin Takeaways: Bitcoin fell wildly last week as the US dollar capitalized on rising Treasury bond yields. Nonetheless, dip-buying sentiment near a technical support level kept the cryptocurrency’s bullish bias intact. A further rise in yields could have bears test the support area for a breakdown. The BTC/USD exchange rate logged a sharp rebound […]Read More

Bitcoin

A $40,000 Bitcoin Likely as Price Breaks Critical Support Zone

A relief bounce in the Bitcoin market Thursday did little in offsetting its prevailing correction bias as its price slipped inside a critical support area. The BTC/USD exchange rate touched an intraday low of $45,000 during the early Asian trading session Friday, down by up to 22.90 percent from its record high established earlier this […]Read More

Blockchain

Vietnam’s Oldest Bitcoin Exchange Adds Lightning Network Support

Vietnamese Bitcoin exchange VBTC has integrated the Lightning Network. In an announcement on Sunday, Vietnam’s oldest (and reportedly only Bitcoin-exclusive) exchange revealed that Lightning Network withdrawals are now open to its users. VBTC CEO Dominik Weil told CoinDesk that deposits will be available later this year. According to an article by BitcoinVN News, the media arm […]Read More

Bitcoin

Data Suggests Whales are Keen on Protecting One Key Bitcoin

Bitcoin has seen some choppy price action throughout the past couple of days, with buyers and sellers largely reaching an impasse Following a swift overnight decline, Bitcoin has posted a strong rebound that has allowed it to surge back to $36,000 Where it trends next will undoubtedly depend on whether or not buyers can flip […]Read More