Trending: Investing in Bitcoin / 5 reasons to invest in Amazon / Investing in the Metaverse / Juicy Fields scandal
Thursday, August 11, 2022
INVESTOR TIMES
  • Home
  • News
    Bank of England raises interest rates to 1.75%

    Bank of England raises interest rates to 1.75%

    How Pelosi’s trip to Taiwan could impact global markets?

    How Pelosi’s trip to Taiwan could impact global markets?

    Platinum and palladium drop in price on global slowdown

    Platinum and palladium drop in price on global slowdown

    OPEC+ raises oil production target by 100,000 barrels per day

    OPEC+ raises oil production target by 100,000 barrels per day

    G7 proposes to block Russian oil transit

    G7 proposes to block Russian oil transit

    Oil trades higher ahead of key OPEC+ meeting

    Oil trades higher ahead of key OPEC+ meeting

    Oracle joins the wave of layoffs in large companies

    Oracle joins the wave of layoffs in large companies

    Chinese reunification would be a nightmare for the West

    Chinese reunification would be a nightmare for the West

    Gazprom announces “immediate suspension” of gas delivery to Latvia

    Gazprom announces “immediate suspension” of gas delivery to Latvia

  • Markets
    OPEC+ raises oil production target by 100,000 barrels per day

    OPEC+ raises oil production target by 100,000 barrels per day

    G7 proposes to block Russian oil transit

    G7 proposes to block Russian oil transit

    S&P 500: Top 4 sectors to invest in 2022

    S&P 500: Top 4 sectors to invest in 2022

    Janet Yellen: “We are not seeing a recession at this time”

    Janet Yellen: “We are not seeing a recession at this time”

    Inflation in the eurozone was 8.9% in July

    Inflation in the eurozone was 8.9% in July

    U.S. consumer spending rises more than expected

    U.S. consumer spending rises more than expected

    Jerome Powell: “I don’t think the U.S. is currently in recession”

    Jerome Powell: “I don’t think the U.S. is currently in recession”

    Fed to raise interest rates again by 75 basis points

    Fed to raise interest rates again by 75 basis points

    The real estate market seems to be approaching its turning point

    The real estate market seems to be approaching its turning point

  • Investing
    S&P 500: Top 4 sectors to invest in 2022

    S&P 500: Top 4 sectors to invest in 2022

    The price of coal is soaring: By investing in this company, you can benefit from the rise

    The price of coal is soaring: By investing in this company, you can benefit from the rise

    Farmland: Why are the rich investing in it?

    Farmland: Why are the rich investing in it?

    Jefferies anticipates difficulties for Lululemon: there is room to wait

    Jefferies anticipates difficulties for Lululemon: there is room to wait

    Mining companies earned millions in 2021: How to invest in them in 2022?

    Mining companies earned millions in 2021: How to invest in them in 2022?

    A textbook exit scam: the Juicy Fields case in detail

    A textbook exit scam: the Juicy Fields case in detail

    Which are the best dividend paying stocks in the S&P 500?

    Which are the best dividend paying stocks in the S&P 500?

    Who are the Dividend Aristocrats and why should you buy their shares?

    Who are the Dividend Aristocrats and why should you buy their shares?

    Investing in meat and packaged foods can be profitable

    Investing in meat and packaged foods can be profitable

  • Technology
    Spotify’s financial results exceed expectations

    Spotify’s financial results exceed expectations

    General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

    General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

    Blockchain emerging as an alternative to SWIFT

    Blockchain emerging as an alternative to SWIFT

    Wages in the metaverse will be 50% higher, says study

    Wages in the metaverse will be 50% higher, says study

    $100 billion in revenue for China’s telecommunications industry

    $100 billion in revenue for China’s telecommunications industry

    Germany’s Volkswagen to overtake Tesla in sales by 2024, according to Bloomberg

    Germany’s Volkswagen to overtake Tesla in sales by 2024, according to Bloomberg

    BYD displaces Tesla in sales

    BYD displaces Tesla in sales

    Twitter deletes more than 1 million spam accounts per day

    Twitter deletes more than 1 million spam accounts per day

    DeSci: the Web3-based science movement

    DeSci: the Web3-based science movement

  • CryptocurrenciesTRENDING
    UK court finds Craig Wright’s claims “false”

    UK court finds Craig Wright’s claims “false”

    Security flaw allowed hackers to steal nearly $200 million from Nomad

    Security flaw allowed hackers to steal nearly $200 million from Nomad

    Solana opens an exclusive store in New York

    Solana opens an exclusive store in New York

    Bitcoin developer wants currency to have “infinite supply”

    Bitcoin developer wants currency to have “infinite supply”

    Titanium Blockchain CEO Pleads Guilty to Fraud

    Titanium Blockchain CEO Pleads Guilty to Fraud

    Tesla reports $64 million profit from Bitcoin sale

    Tesla reports $64 million profit from Bitcoin sale

    Binance CEO sues Bloomberg for alleged defamation

    Binance CEO sues Bloomberg for alleged defamation

    Crypto winter drags down the price of Rolex watches

    Crypto winter drags down the price of Rolex watches

    Is it possible for China to preserve user privacy with the digital yuan?

    Is it possible for China to preserve user privacy with the digital yuan?

S&P 500 (USA) 
4.230.49  20.25  0.48%  
NASDAQ Composite (USA) 
12.890.68  35.87  0.28%  
Dow Jones (USA) 
33.485.67  176.16  0.53%  
FTSE 100 (United Kingdom) 
7.460.54  46.57  0.62%  
EURO STOXX 50 (Europe) 
3.747,70  1,65  0,00%  
Nikkei 225 
27.819.33  180.63  0.65%  
VIX 
20.26  0.52  2.63%  
Bitcoin (USD) 
24.504.33  486.58  2.03%  
Ethereum (USD) 
1.901.16  56.93  3.09%  
  • Home
  • News
    Bank of England raises interest rates to 1.75%

    Bank of England raises interest rates to 1.75%

    How Pelosi’s trip to Taiwan could impact global markets?

    How Pelosi’s trip to Taiwan could impact global markets?

    Platinum and palladium drop in price on global slowdown

    Platinum and palladium drop in price on global slowdown

    OPEC+ raises oil production target by 100,000 barrels per day

    OPEC+ raises oil production target by 100,000 barrels per day

    G7 proposes to block Russian oil transit

    G7 proposes to block Russian oil transit

    Oil trades higher ahead of key OPEC+ meeting

    Oil trades higher ahead of key OPEC+ meeting

    Oracle joins the wave of layoffs in large companies

    Oracle joins the wave of layoffs in large companies

    Chinese reunification would be a nightmare for the West

    Chinese reunification would be a nightmare for the West

    Gazprom announces “immediate suspension” of gas delivery to Latvia

    Gazprom announces “immediate suspension” of gas delivery to Latvia

  • Markets
    OPEC+ raises oil production target by 100,000 barrels per day

    OPEC+ raises oil production target by 100,000 barrels per day

    G7 proposes to block Russian oil transit

    G7 proposes to block Russian oil transit

    S&P 500: Top 4 sectors to invest in 2022

    S&P 500: Top 4 sectors to invest in 2022

    Janet Yellen: “We are not seeing a recession at this time”

    Janet Yellen: “We are not seeing a recession at this time”

    Inflation in the eurozone was 8.9% in July

    Inflation in the eurozone was 8.9% in July

    U.S. consumer spending rises more than expected

    U.S. consumer spending rises more than expected

    Jerome Powell: “I don’t think the U.S. is currently in recession”

    Jerome Powell: “I don’t think the U.S. is currently in recession”

    Fed to raise interest rates again by 75 basis points

    Fed to raise interest rates again by 75 basis points

    The real estate market seems to be approaching its turning point

    The real estate market seems to be approaching its turning point

  • Investing
    S&P 500: Top 4 sectors to invest in 2022

    S&P 500: Top 4 sectors to invest in 2022

    The price of coal is soaring: By investing in this company, you can benefit from the rise

    The price of coal is soaring: By investing in this company, you can benefit from the rise

    Farmland: Why are the rich investing in it?

    Farmland: Why are the rich investing in it?

    Jefferies anticipates difficulties for Lululemon: there is room to wait

    Jefferies anticipates difficulties for Lululemon: there is room to wait

    Mining companies earned millions in 2021: How to invest in them in 2022?

    Mining companies earned millions in 2021: How to invest in them in 2022?

    A textbook exit scam: the Juicy Fields case in detail

    A textbook exit scam: the Juicy Fields case in detail

    Which are the best dividend paying stocks in the S&P 500?

    Which are the best dividend paying stocks in the S&P 500?

    Who are the Dividend Aristocrats and why should you buy their shares?

    Who are the Dividend Aristocrats and why should you buy their shares?

    Investing in meat and packaged foods can be profitable

    Investing in meat and packaged foods can be profitable

  • Technology
    Spotify’s financial results exceed expectations

    Spotify’s financial results exceed expectations

    General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

    General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

    Blockchain emerging as an alternative to SWIFT

    Blockchain emerging as an alternative to SWIFT

    Wages in the metaverse will be 50% higher, says study

    Wages in the metaverse will be 50% higher, says study

    $100 billion in revenue for China’s telecommunications industry

    $100 billion in revenue for China’s telecommunications industry

    Germany’s Volkswagen to overtake Tesla in sales by 2024, according to Bloomberg

    Germany’s Volkswagen to overtake Tesla in sales by 2024, according to Bloomberg

    BYD displaces Tesla in sales

    BYD displaces Tesla in sales

    Twitter deletes more than 1 million spam accounts per day

    Twitter deletes more than 1 million spam accounts per day

    DeSci: the Web3-based science movement

    DeSci: the Web3-based science movement

  • CryptocurrenciesTRENDING
    UK court finds Craig Wright’s claims “false”

    UK court finds Craig Wright’s claims “false”

    Security flaw allowed hackers to steal nearly $200 million from Nomad

    Security flaw allowed hackers to steal nearly $200 million from Nomad

    Solana opens an exclusive store in New York

    Solana opens an exclusive store in New York

    Bitcoin developer wants currency to have “infinite supply”

    Bitcoin developer wants currency to have “infinite supply”

    Titanium Blockchain CEO Pleads Guilty to Fraud

    Titanium Blockchain CEO Pleads Guilty to Fraud

    Tesla reports $64 million profit from Bitcoin sale

    Tesla reports $64 million profit from Bitcoin sale

    Binance CEO sues Bloomberg for alleged defamation

    Binance CEO sues Bloomberg for alleged defamation

    Crypto winter drags down the price of Rolex watches

    Crypto winter drags down the price of Rolex watches

    Is it possible for China to preserve user privacy with the digital yuan?

    Is it possible for China to preserve user privacy with the digital yuan?

INVESTOR TIMES
Home Cryptocurrencies

Bitcoin seeks to consolidate a floor and “headwinds of change” forecast

INVESTOR TIMES by INVESTOR TIMES
7/27/2021 - 4:28
in Cryptocurrencies
Reading Time: 3 mins read
Bitcoin
Share on FacebookShare on TwitterShare on LinkedIn

China’s battle against the main cryptocurrency and the other cryptocurrencies can get favorable results in the current investment ecosystem, especially inside the United States, the place the local society is taking advantage of the disruptions in the markets.

Bitcoins seem to be more stable and looking for further consolidation because they are touching the $36k, a line which they have been waiting for the bullish points but then struggled to sustain.

The rise and fall of values – cryptocurrencies keep trading all day, all week long – currently keep it in a permanent fluctuator between $32k and $35k. 

The quotation of the most important crypto is then transferred to the other electronic currencies.

Bryan Benson, a director of the crypto exchange platform Binance, is especially related to BTC and cryptoassets. He indicated that changes are coming globally and particularly in Latin America.

Related article

No Content Available

This he said in Crypto Noticias, which interviewed him at the conference held in Mexico, at the Jalisco Talent Land Digital 2021.

The Binance executive discussed the advancement of the cryptocurrency arena and how it is growing abysmally. “And it still has a long way to go,” he contributed.

He also added that there is a lot of room for growth and that still a lot of projects are in development and the stage of more widespread adoption by everyone.

These days, the most important crypto was able to dodge the blows that came from China, in a further advance by Xi Jinping’s country in its new plan that seeks to oppose cryptocurrencies.

However, bitcoin failed to avoid the blow from the U.S. Federal Reserve’s changes and the dollar.

Despite this, the last few hours are again seeing a rise that takes bitcoin above $33,000, unlike a few days ago when it was below $30,000, the lowest level since last month.

Two strikes: China and the Fed

Mike Novogratz, an investment mogul, and CEO of Galaxy Digital indicated that China’s battle against the main cryptocurrency and the other cryptocurrencies can achieve favorable results in the ecosystem, especially inside the United States, the place local society takes advantage of disruptions in the markets to buy.

Also, he thinks that the crypto world constitutes these days a sort of “ring” for the trade wars taking place between China and the U.S.

According to the expert, it is being observed how bitcoin is being sold on the Asian continent and then bought in the U.S.

He also said that the country presided over by Xi declared war on cryptocurrencies, but that what can be seen is only a tiny fraction of a much larger battle that is taking place and of which it is not known who will be the winner.

Chinese advance against bitcoin

The People’s Bank of China (PBOC) announced that it has requested the closure of a company. The company was suspected of offering software services for exchanging cryptocurrencies and restated its position against cryptocurrencies.

Thus, he again turned the focus of state regulatory bodies against the provision of services to companies that are in connection with digital currencies.

BitcoinBitcoin and the other cryptos had been indifferent in the early days of this advance. But after the Fed minutes that saw the light of day in the U.S. and the dollar strengthened globally, the trend changed and quotes reversed course.

The Fed’s report has confirmed that its asset purchases were reduced and specialists interviewed are waiting for the U.S. state entity to come out with another plan for so-called “tapering” in the coming months.

At this time, the market started to pay interest in other cryptocurrencies, specifically Ethereum.

Reports from U.S. investment bank Goldman Sachs predicted that it can take the top spot from BTC in terms of market share.

In addition, reports say that ETH today is reportedly the crypto with the most potential for practical use because the platform that owns the cryptocurrency, Ethereum, has the most useful development for smart contract-related apps.

Dropping operations

Separately, it was learned Tuesday, July 13, that transactions on the world’s leading exchanges, Coinbase, Kraken, Binance, and Bitstamp, plunged more than 39 percent in June from the previous ms.

The data is from cryptoasset market information provider Crypto Compare.

According to the report, sharply declining prices from April and little volatility are the main causes.

Those who bought high, don’t want to sell and lose; and those who trade, can’t get in and out because virtually no significant price changes are occurring.

In short, exchanges lose, because they gain from commissions on buying, selling, and transferring bitcoin and other altcoins.

Also, the market is waiting these days for the liquidation of Grayscale’s fund shares as one of the events that could change the current market. It is about 40,000 bitcoin that, it is expected, will be put into circulation.

For his part, the co-founder of the Apple company, Steve Wozniak, again gave his support to the projects linked to bitcoin, even though he said that he is not investing in the most well-known crypto.

He said it is the closest thing to gold in a digital version, and spoke of a product that is a “true miracle of mathematics”.

Numerous analysts and industry specialists have already mentioned this comparison between bitcoin and gold, especially since these are two elements that have a supply that is not unlimited.

The self-imposed maximum for this cryptocurrency is 21,000,000 and so far 18,800,000 have been issued.

This means that there will be no more bitcoins available once all the blocks have been mined, which is expected to happen by the year 2140.

Related articles

UK court finds Craig Wright’s claims “false”
Cryptocurrencies

UK court finds Craig Wright’s claims “false”

by Alejandro Gil
— August 2, 2022
Security flaw allowed hackers to steal nearly $200 million from Nomad
Cryptocurrencies

Security flaw allowed hackers to steal nearly $200 million from Nomad

by Santiago Contreras
— August 2, 2022
Solana opens an exclusive store in New York
Cryptocurrencies

Solana opens an exclusive store in New York

by Santiago Contreras
— July 29, 2022
Bitcoin developer wants currency to have “infinite supply”
Cryptocurrencies

Bitcoin developer wants currency to have “infinite supply”

by Alejandro Gil
— July 28, 2022
Titanium Blockchain CEO Pleads Guilty to Fraud
Cryptocurrencies

Titanium Blockchain CEO Pleads Guilty to Fraud

by Alejandro Gil
— July 27, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Last published articles

Bank of England raises interest rates to 1.75%
News

Bank of England raises interest rates to 1.75%

by Eric Nesich
— August 4, 2022
How Pelosi’s trip to Taiwan could impact global markets?

How Pelosi’s trip to Taiwan could impact global markets?

by Santiago Contreras
  August 3, 2022

Platinum and palladium drop in price on global slowdown

Platinum and palladium drop in price on global slowdown

by Eric Nesich
  August 3, 2022

OPEC+ raises oil production target by 100,000 barrels per day

OPEC+ raises oil production target by 100,000 barrels per day

by Eric Nesich
  August 3, 2022

UK court finds Craig Wright’s claims “false”

UK court finds Craig Wright’s claims “false”

by Alejandro Gil
  August 2, 2022

Facebook Twitter LinkedIn Telegram RSS

ABOUT INVESTOR TIMES

INVESTOR TIMES is an independent publication of economic, finance and investment content, owned and operated by Altas Ventures.

MORE ABOUT US

  • Our team
  • Work with us
  • Advertise on IT
  • Contact
  • Corporate information
  • Terms of Use
  • Cookies Policy
  • Privacy Policy

INTERNATIONAL EDITIONS

Investor Times in English

Investor Times en Français

Investor Times in Deutsch

Investor Times in Italiano

Investor Times em Português

Investor Times po Polsku

Investor Times на русском языке

El País Financiero (edición en Español)

© ATLAS VENTURES SLU, all rights reserved. Any information contained in INVESTOR TIMES is for educational and/or informational purposes only, it is not financial and/or investment advice. INVESTOR TIMES may obtain economic retribution by recommending services or products of third parties. INVESTOR TIMES does not accept, nor will it accept in the future, subsidies or funds from Governments, political parties or public institutions.

No Result
View All Result
  • Home
  • News
  • Markets
  • Investing
  • Cryptocurrencies
  • Technology

  •  EXCLUSIVE  3 Russian men are the real perpetrators behind Juicy Fields, says Glanse

     NEW  Compound Interest Calculator

     TRENDING 
    Investing in Bitcoin Investing in the Metaverse 5 reasons to invest in Amazon

© ATLAS VENTURES, all rights reserved.