btc

El Salvador is on a bitcoin buying spree, having purchased 550 BTC as the Central American country’s bitcoin law went into effect Tuesday, officially adopting bitcoin as legal tender. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

Set 10, 2021

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.

Set 10, 2021

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.

Set 9, 2021

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.

Set 9, 2021

Bitcoin is stuck in a tight range as sellers take a breather from this week’s sell-off.

Set 9, 2021

Forced closure of long positions or bullish trades accounted for over $3 billion, or over 90% of total liquidations Tuesday, which shows the leverage was excessively skewed bullish across the board. Liquidations happen when trades cannot fulfill margin requirements for holding long/short positions and often exacerbate bullish/bearish moves.

Set 8, 2021

The crypto futures market saw the highest number of liquidations in history Sunday as the sudden bitcoin price pullback caught overleveraged traders off guard. CoinDesk’s Galen Moore discusses the potential factors that caused market-wide liquidations and the outlook for bitcoin.

Set 8, 2021

Bitcoin is stabilizing around the 200-day moving average at $46,000 after a sharp selloff Tuesday. The ​cryptocurrency has been down about 10% over the past 24 hours as sellers control the $50,000 resistance zone.

Set 8, 2021

Bitcoin takes a plunge. A regulator says crypto crackdown is needed in Hong Kong. Metaverse action heats up in China. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Set 8, 2021

El Salvador became the first country in the world to adopt bitcoin as legal tender on Tuesday, despite widespread local skepticism. Peter McCormack, host of the popular podcast “What Bitcoin Did,” discusses the possible outlook and impact of the Bitcoin Law rollout amid “very mixed” sentiments from Salvadorans.

Set 7, 2021