bitcoin to dollar – BOL News Staging

BTC TO USD: Today’s Bitcoin price in Dollar on 21 April, 2024

April 21, 2024 by Muhammad Zubair

As of April 21, the Bitcoin to USD exchange rate stands at $65019.08. Bitcoin’s value in dollars reflects the dynamic nature of the cryptocurrency market. Investors and enthusiasts closely monitor these fluctuations to make informed decisions regarding buying, selling, or holding Bitcoin. Bitcoin price in Dollar Today Bitcoin to USD Rate: 65019.08 US Dollar The … Read more

BTC TO USD: Today’s Bitcoin price in Dollar on January 06, 2024

January 6, 2024 by Muhammad Zubair

As of January 06, the Bitcoin to USD exchange rate stands at $43,777.77. Bitcoin’s value in dollars reflects the dynamic nature of the cryptocurrency market. Investors and enthusiasts closely monitor these fluctuations to make informed decisions regarding buying, selling, or holding Bitcoin. Bitcoin price in Dollar Today Bitcoin to USD Rate: 43,777.77 US Dollar Market … Read more

Chinese Bitcoin Miners shifted to other countries amid Crypto Ban

July 13, 2021 by Syed Ahad

China announced a crackdown on Bitcoin mining in May, pushing the majority of miners to leave.

Before the ban, China mined over 70% of all Bitcoin.

The majority of miners has now shifted outside of China, increasing the industry in other regions of the world.

After several weeks of executing the Bitcoin mining crackdown, it appears that approximately 90% of all mining businesses in China have shut down.

Whereas, the Chinese government has ordered crypto mining to shut down in different provinces.

Less than a week after Chinese regulators tightened rules on the trading of bitcoin and other digital currencies, BIT Mining announced it will invest $35 million in crypto mining data centers in Kazakhstan and Texas.

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Bitcoin Could Face Another Sell-Off Before Racing to $100K

July 4, 2021 by Syed Ahad

As Bitcoin goes into the middle of its current range, market sentiment has shifted from negative to positive. On the weekly chart, the first cryptocurrency by market capitalization is trading at $35,375, up 10.5 percent from its lows. If BTC’s price manages to break above and sustain the monthly open at $35,000 in the next … Read more

After Cryptocurrency Selloff Bitcoin Bulls Under Pressure

July 3, 2021 by Syed Ahad

The selloff in bitcoin in the second quarter broke the bull case for the highly speculative cryptocurrency.

According to Dow Jones Market Data, the digital asset dropped 41% in the second quarter. That was the worst decrease in bitcoin since a 43 percent drop in the fourth quarter of 2018, and the fourth-worst drop in the decade-plus history of the cryptocurrency.

“We can say with absolute certainty that the hype has left the market,” said Mati Greenspan, who writes the Quantum Economics newsletter. Because bitcoin is mostly driven by momentum and speculation, this is a bigger issue than it is for other assets.

Bitcoin did not fall as a result of widespread panic. The S&P 500 gained 8.2%, while the Nasdaq Composite gained 9.5 percent. The price of U.S. crude oil increased by 24%, while gold, the asset to which many bitcoiners link the digital currency, increased by 3.3 percent.

Throughout the quarter, there was a continual storm of inquiries concerning bitcoin’s cyclical upturn, its energy needs, and its risks. China took action against the industry, and officials in many other countries expressed concern. Elon Musk sent out a tweet.

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As Price Dips To End The Week Bitcoin Set For Weekly Fall

July 2, 2021 by Syed Ahad

Bitcoin (BTC-USD) seemed to be on track for a weekly price decrease on Friday morning, as the world’s largest cryptocurrency lost value yet again.

In early trade, Bitcoin was down 1.4 percent against the dollar, trading at $33,067 (£24,042). The early decline increased the possibility of a third consecutive day of price falls for bitcoin, which is already trading below the $34,294 mark at which it began the week.

On Friday morning, other major cryptocurrencies were also in decline. According to data provider CoinMarketCap.com, the market has lost more than 8% of its value in the previous 24 hours by 8.15 a.m. in London. The world’s second-largest cryptocurrency, Ethereum (ETH-USD), was among the worst affected. The cryptocurrency was traded at $2,037, down 5.3 percent.

The crypto market is struggling to regain the pace it had earlier in the year, which has resulted in price falls. Bitcoin reached an all-time high of about $64,000 in April but has later dropped to less than half of that price.

Increased institutional adoption and boosterism from the likes of Tesla‘s (TSLA) Elon Musk drove the price to a new high. A crackdown in China, rising concerns about bitcoin’s energy use, and Musk’s declining confidence all contributed to the slowing momentum.

“We enter the third quarter of 2021 at somewhat of a cross-roads for cryptocurrency in general,” Carl Capolingua, an analyst at ThinkMarkets, in a forecast report released this week.

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Warning Signal Flashes On Bitcoin Price Chart

July 2, 2021 by Syed Ahad

Bitcoin’s price seems to be failing to break above a major trendline that had previously served as a support. Unless prices can recover the barrier, the flip suggests a bearish immediate view. The trendline began near the lows of last year’s pandemic market crisis in March, and it remained as a barrier as recently as May when the largest bitcoin fell to around $30,000.

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