After Mocking the Price Model, Crypto Advocates Discuss Bitcoin’s Rainbow Chart Reintegration
On a few occasions last year, crypto advocates discussed how a number of price models, leveraged to help predict the future value of bitcoin, ended up failing. However, since bitcoin’s value has increased by 36% over the last month, the price has entered the darkest band of the rainbow chart after breaking below the rainbow chart’s lowest band at the end of 2022.
Bitcoin Bears in Disbelief As BTC Targets $28,000
Bitcoin (BTC) has reclaimed the $23,000 position after acting as a major resistance hurdle recently. As the asset attempts to build on its upward trajectory, investors are wondering if this new position signals a sustained rally or is just a temporary bull run.
Tesla's Q4 Balance Sheet Shows Bitcoin Holdings Worth $184 Million
Tesla Inc. (Nasdaq: TSLA) released its earnings results for Q4 2022 on Wednesday. The company’s balance sheet shows net digital assets of $184 million, down from $218 million in the previous quarter. According to its other financial statements, no digital assets were bought or sold during the fourth quarter.
Elon Musk’s Tesla Held Onto Its Bitcoin in Q4 Despite Market Turbulence
Electric vehicle manufacturer Tesla refused to offload any more Bitcoin (BTC) during the latter half of 2022 despite selling off 75% of its holdings in the second quarter.
10 Unexpected Benefits From Falling Down the Bitcoin Rabbit Hole
If you think the world is broken and should be fixed, if you think politicians are not the answer but the problem, and if you think you’ve been taken for a ride all your life, then, welcome to the club.
Goldman Sachs Ranks Bitcoin As the Best-Performing Asset of 2023
Despite the massive setbacks that the cryptocurrency industry suffered in 2022, including multiple bankruptcies and fraud investigations, the banking giant Goldman Sachs (NYSE: GS) has ranked Bitcoin (BTC) as the best-performing asset in the world this year.
Arizona Senator Introduces Bill to Make Bitcoin Legal Tender in the State
Arizona state Senator Wendy Rogers has reintroduced a set of bills aimed at making Bitcoin (BTC) legal tender and allowing state agencies to accept the digital currency as a form of payment.
Purpose Bitcoin ETF Sees Over $600K in Inflows in Past Week
The number of bitcoin flowing from/to the Purpose Bitcoin ETF.
Arizona Senator Keeps Pushing To Make Bitcoin Legal Tender
Republican senator Wendy Rogers introduced a bill on Jan. 25 that proposes including Bitcoin (BTC) in the list of currencies accepted as legal tender in Arizona. If passed, Arizona would become the first state in the U.S. to embrace Bitcoin as an official currency.
Bank of Canada Signals Pause to Rate Hike Cycle
The Bank of Canada (BoC) as expected boosted its benchmark overnight rate by 25 basis points to 4.5% on Wednesday morning, but somewhat surprisingly said it's going to at least temporarily pause on any future interest rate increases.
