Hawkish Fed comments push Bitcoin price and stocks lower again

Bitcoin (BTC) and the wider financial markets faced a new wave of selling on June 18 following comments from James Bullard, the president of the United States Federal Reserve Bank of St. Louis, indicating that he expects the first interest rate increase to happen in late 2022.  Bullard’s comments were even more hawkish than Wednesday’s comments from Fed Chair Jerome Powell, who indicated that the rate hikes would come in 2023. Powell’s comments triggered a sell-off across financial markets as the U.S. dollar gained strength. U.S. dollar currency index. 4-hour…

The Missing Ingredient From A Full On Bitcoin Reversal

Bitcoin price is back around $35,000 and has failed to retake $40,000 despite several low timeframe reversal signals building. When looking back at past breakdowns following significant rallies, there could be a missing ingredient needed for a full on reversal, and it could have to do with the Bollinger Bands. All About The Bollinger Bands And How To Use Them Effectively The Bollinger Bands are named after the tool’s creator, John Bollinger. The tool has a variety of use cases as it applies to technical analysis, but is most notably…

Bulls hesitate to buy the dip after Bitcoin price falls close to $35K

On June 18, Bitcoin (BTC) and traditional markets faced another day of downward pressure comments from the United States Federal Reserve about the possibility of raising interest rates sooner than expected has led to a spike in the price of the U.S. dollar at the expense of risk assets and treasury notes.  The Fed doesn’t deserve all the bla, however, as concerns about a further downturn for BTC have been building for weeks with much of the discussion focused on the approaching death-cross and what it means for the future…

Crypto company CEO says the recent crypto boom brought increased adoption

Cryptocurrency has gone through a number of bull and bear cycles since the industry’s inception in 2009. While 2017 saw the crypto industry boom around initial coin offerings and a rising Bitcoin (BTC) price, 2020 and 2021 have seen the crypto space expand around decentralized finance (DeFi) and nonfungible tokens (NFTs). This time however, retail and institutional interest in crypto have ushered in greater adoption than ever before, according to one crypto company CEO.  “Cryptocurrencies have been growing steadily in popularity over the years, but 2017 left a bitter taste…

Texas crypto users will soon be able to buy and sell tokens at major supermarket chain

Shoppers wanting to cash out their crypto holdings to buy groceries may soon be able to do so at many H-E-B supermarkets in Texas.  According to a Friday report from the Houston Chronicle, crypto ATM firm Coin Cloud is preparing to install machines into 29 H-E-B locations in the Houston area. The ATMs will allow customers to buy and sell more than 30 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), Litecoin (LTC), certain DeFi tokens, and U.S. dollar-pegged stablecoins. Coin Cloud CEO and founder Chris McAlary said he expects…

Report pictures a crypto-consumer portrait

Bitcoin’s status as legal tender in El Salvador has recently sparked a new round of discussion concernin Bitcoin (BTC) and its role in the world economy. Despite ambiguous reactions from institutions such as JPMorgan and the World Bank, some feel that Bitcoin’s status as a means of payment is now more explicit than ever. Meanwhile, the perception of Bitcoin among retail users is contrasted sharply by institutional uncertainty. A recent study by CryptoRefills, a company which sells vouchers and gift cards in exchange for cryptocurrency, seems to suggest that many…

Calling the crypto space ‘a very masculine area,’ Mila Kunis launches NFT project

An actress famous for her roles in That ’70s Show and Family Guy, Mila Kunis has now launched an animation on the blockchain, which developed from an interest in crypto during the pandemic.  Speaking with comedian Conan O’Brien on his Thursday show, Kunis said she had done a deep dive into cryptocurrencies and nonfungible tokens, or NFTs, during her time in quarantine. However, she was seemingly concerned about the apparent dearth of women in the space. “I felt like it was a very masculine area — like everybody that I…

Ethereum’s ‘London’ hardfork set to go live on testnets starting June 24th

The hotly anticipated “London” Ethereum hardfork now has a set block height for three Ethereum testnets — a key penultimate step towards a full mainnet launch. In a blog post on the Ethereum Foundation’s website, Ethereum core developer Tim Beiko wrote that the Ropsten, Goerli, and Rinkeby testnets now have set block heights at which London will go live, with Ropsten expected to be the first at block 10499401, or sometime on June 24th. Goerli is expected to be next on June 30th, and Rinkeby on July 7th. A release…

Pro basketball league in Canada will offer players Bitcoin salaries

The Canadian Elite Basketball League will be allowing players from its seven teams to accept a portion of their salaries in Bitcoin starting next week.  According to a Thursday announcement, the Canadian Elite Basketball League, or CEBL, has partnered with Toronto-based cryptocurrency exchange Bitbuy to convert part of basketball players’ existing salaries from Canadian dollars to Bitcoin (BTC) on request. The league said it will arrange for the funds to be delivered to the players’ personal crypto wallets. More than 70 players on the active roster from the Edmonton Stingers,…