The Top Latest Bitcoin News Today - Bitcoin News

 

The Top Latest Bitcoin News Today - Bitcoin News

The Top Latest Bitcoin News Today - Bitcoin News

** Cryptocurrency trading volume rose 17 percent last month after Tesla's $ 1.5 billion bitcoin bet, with larger exchanges taking an increasing share of the overall volume, data released Friday (March 5) showed. Trading volume jumped to $ 2.7 trillion in February, with the size of major exchanges surpassing 35 percent to ৪ 2.4 trillion, the researcher told CryptoCompar. Volume on smaller exchanges fell 36 percent to ৮ 361 billion, suggesting increased consolidation of business in larger areas.

05-Mar-2021

** Bitcoin City analysts say it is a "tipping point" and could become the preferred currency for international trade or face "speculative persuasion". With a recent embrace-like choice, Tesla Inc. The city said in a report that MasterCard Inc. could begin a massive conversion of bitcoin into the mainstream. The growing involvement of institutional investors in recent years has contrasted with the heavy retail-focus for most of the past decade.

01-Mar-2021

Cardano Price Prediction Analysis

** Cardano climbed to a new all-time high of $1.4850 on Saturday but lost its bullish momentum. At the moment, Cardano is trading around $1.25, losing around 5% on a daily basis. On the daily chart, the ascending trend line coming from early February is currently forming support around $1.1 ahead of $1 (psychological level/20-day SMA). As long as the price manages to stay above those levels, the next leg down will be seen as a technical correction rather than a shift of trend.

However, a decisive breakthrough that supports the area could trigger a deep selloff. On the upside, additional gains are likely if Cardano makes a daily close above $1.5 (an all-time high). The lack of significant support areas ahead of $1.1 on the IOMAP model reinforces the view that Cardano could edge lower toward that area in the near-term. However, the chart shows that 2.36 billion Cardano at an average price of $1.13 had been acquired by 60,300 addresses, suggesting that Cardano will have a difficult time dropping below that level. 

Cardano retreated sharply after surging to a fresh record high on Saturday and eyes $1.1-$1 area as the next target. If buyers manage to keep Cardano afloat above that region, the bullish momentum could start to gather strength. 

in the interest of brevity, Cardano touched a fresh all-time high on Saturday. RSI indicator on the daily chart stays in the overbought territory. 

On-chain metrics show strong support aligns around $1.1.

Tezos Elrond Price Analysis Prediction

** Tezos dropped below $3.76 over the past few days and repeatedly tested it as resistance while forming a range with its lower boundaries at $3.22. 

This range-bound trading activity for Tezos is likely to end with a move to the downside. Bitcoin dropped beneath the $45,000 mark and over the next few days, the selling pressure could see bitcoin drop toward $42,000.  

This will likely see the altcoin market shed value as well, Tezos being no exception.

The On-balance volume notes steady selling pressure and, even though $3.22 was defended multiple times, the sellers have been dominant. This is likely to result in Tezos dropping below $3.22 to visit $2.92 over the next few days.

Elrond, The 4-hour chart and fractals were used to give a better representation of the important points for Elrond over the past couple of weeks. A descending channel pattern emerged, and recently the price attempted to break out above the channel.

However, it faced stiff resistance at $140 and was forced to drop beneath the $132 level of support- which is the 23.6% retracement for Elrond for its move from $26 to $216. The Awesome Oscillator was above the zero lines but, in the shorter timeframes, momentum was already rising in favor of the bears.  

A retest of $132 followed by a fall for Elrond can be expected over the next few days. 

** The crime branch of the Mumbai police, however, has not yet confirmed the veracity of Jaish's claim. According to the telegram, the Indian industrialist has also been demanded money through the Bitcoin app.

** Cryptocurrency or virtual currency is being used in more than 70 countries around the world. Bitcoin is one of the most popular currencies in cryptocurrency. On the other hand, bitcoin is currently being sold in the world for 50 thousand US dollars. Although it is banned in Bangladesh, some circles are secretly selling it. Detective police have recently arrested one of them.

27-Feb-2021

** Within 24 hours on Friday, bitcoin transactions fell by about 12 percent. During this time, cryptocurrency trading fell below 45,000. Through this fall, digital coins have lost 20 percent of their value this week. Which marks the worst fall since March 2020. But this digital coin started the week with a record price of 56 thousand dollars.

The cryptocurrency market has collapsed in the wake of the daily Bitcoin crash. However, due to the huge interest of prominent investors, banks, and large corporations, Bitcoin still occupies 80 percent of the market this year. This DG for the first time last week

The market value of the coin reaches one trillion dollars. However, due to recent losses, the market value has come down to ৮ 650 billion.

26-Feb-2021

** Bitcoin, the world’s largest cryptocurrency, fell to 44,451 before recovering most of its losses. It was down 1.2 percent to 46,525, the latest trade, down nearly 20 percent this week, its highest weekly loss since March last year.

** Tesla chief Elon Musk has lost the title of the world's richest man. He recently dropped to second place on the list of the world's richest people following a tweet. According to Bloomberg's Billionaires Index, Tesla's net worth stands at  183.4 billion.

His net worth last January was ০ 210 billion. However, despite losing 3.6 billion, Amazon founder Jeff Bezos topped the list with 16.3 billion in assets.

He said on social media Twitter that the price of Bitcoin and rival Ether ‘seems to be higher.’ Since then, the Tesla chief’s assets have shrunk by 15.2 billion.

** Virtual currency 'bitcoin' is banned in Bangladesh but trading has not stopped. As a way to legalize undisclosed money, its value has increased among many rich people. With this opportunity, several unscrupulous circles have been formed. Businessmen, industrialists, and politicians have written their names in this cycle. They are smuggling crores of rupees through hundi in the name of buying bitcoins. It is becoming easier to evade the eyes of the law enforcement agencies as it is being traded virtually through various apps called BlockChain, Binance, Coin Bigo. However, as the trade-in of bitcoins has increased, law enforcement agencies have also stepped up surveillance. As part of this, law enforcement recently arrested two members of a separate gang.