Category: Cryptocurrency news

BTC’s 200-Week Average Rises To $50K To Suggest Long-Term Market Strength

The 200-Week Simple Moving Average (200WMA) for bitcoin BTC$106,561.73 is approaching $50,000, currently sitting at approximately $49,223, according to Glassnode data. This is one of the very few indicators in bitcoin that has only risen over time. The 200WMA has historically provided significant support levels. During the 2015 bear market, it offered support around $200. […]

Why Did Bitcoin’s Rise Stop? Is There a Possibility of a New Rally for BTC? Bitfinex Analysts Explained!

As the leading cryptocurrency Bitcoin (BTC) continues its sideways trend, investors are eagerly waiting for a major rally to come. However, Bitfinex analysts said the Bitcoin rally was losing momentum as profit-taking increased and volume decreased. Uptrend Momentum Weakening! Bitcoin’s nearly three-month rally appears to be losing momentum as buying pressure weakens and profit-taking intensifies, […]

Renowned Economist Robert Kiyosaki Says, “Bitcoin Seems Very Expensive Right Now, But I’m Still Buying It,” and Explains Why

Robert Kiyosaki, one of the well-known names in the financial world, shared his thoughts about Bitcoin on his personal social media account. Kiyosaki stated that Bitcoin’s current price level seems “expensive” but that in the future, even today’s prices will be considered “cheap”. Kiyosaki admitted that he started investing in Bitcoin late, and stated that […]

Metaplanet Adds $104M in BTC, Testing Limits of Bitcoin Treasury Plan

Japanese investment firm Metaplanet Inc. added another 1,005 BTC to its expanding Bitcoin treasury, spending $104 million (¥15.6 billion) per Bitcoin as part of its most aggressive monthly acquisition spree yet. Metaplanet’s latest purchase brings its total Bitcoin holdings to 13,350 BTC, worth approximately $1.27 billion (¥191.3 billion), securing its position as Asia’s most audacious […]