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Crypto adoption is gaining traction in Texas
Coin Cloud will install Crypto kiosks in 29 H-E-B Grocery stores in the state
The machines will provide customers access to over 30 digital assets including Bitcoin, Ethereum, Dogecoin, USD stablecoins and numerous DeFi tokens
Governor Abbott believes ‘T
Many traders use technical analysis to determine Bitcoin’s short-term price movements
This could lead to a ‘self-fulfilling’ death cross as Bitcoin traders expect further losses
Bitcoin’s 50-day moving average is in the process of crossing the 200-day moving average to confirm the death cross
Bitco
Binance has launched its new Bitcoin Dominance perpetual contract, BTCDOM
The BTCDOM contract will have a maximum leverage of 25x and use Tether (USDT) as collateral
BTCDOM is a cryptocurrency index comparing Bitcoin to the top 20 digital assets on Binance by market cap, excluding stablecoins
The B
Bitcoin could retest the $48k to $50k range if it keeps moving higher
This is according to an analysis by the inventor of Bollinger Bands, John Bollinger
Mr.
Michael Saylor has described Bitcoin as being digital property
His description of Bitcoin comes after El Salvador acknowledged Bitcoin as legal tender
He also pointed out that Bitcoin empowers billions of people with property rights, as he responded to Senator Elizabeth Warren’s attack on Bitcoin
Institutional demand for GBTC and QBTC has dropped
The premium on both Bitcoin products has been in negative territory since March
The trade volume of GBTC and QBTC has also been reducing since the beginning of the year
Grayscale has not purchased additional Bitcoin since February and 3iQ has redu
Engineers in El Salvador have dug a new 95MW geothermal well
The new geothermal well will provide renewable energy for the mining of Bitcoin
This is after the country’s President requested the power company of LaGeo, to offer facilities for Bitcoin mining
El Salvador is the first country to acknowl
Bitcoin’s symmetrical triangle has broken to the downside
Bitcoin continues to trade below the 200-day moving average
A death cross is on the horizon for Bitcoin
However, the 50-week moving average could produce a relief rally at the $28k – $29k price area
Bitcoin (BTC) could be gearing up for a r
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A potential death cross on the daily Bitcoin chart has been forming since mid- May
The Bitcoin death cross should occur in the next week or so
Bitcoin continues to trade below the 200-day moving average and the death cross would confirm a bear market
$30k remains as the support level to watch for B
The US DoJ has recovered 63.
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