Category: Bitcoin News

Key points: Bitcoin sees a modest rebound into the weekly candle close, but traders see key resistance overhead. BTC price action risks a much deeper drop if bulls fail to reclaim that resistance zone. Fibonacci analysis hints that such a drop may not pass more than 10%. Bitcoin (BTC) returned above $111,000 into Sunday’s weekly close as analysis saw “promising” recovery signs. BTC/USD one-hour chart. Source: Cointelegraph/TradingView BTC price “logical” bounce zone near $100,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining about 1% on the day to…

Opinion by: Evan Kuhn, president of DeLorean Labs When car manufacturers develop a new model, their fragmented logistics and sales cycle mean that even if a customer puts down a deposit, they have no feasible or reliable way of projecting delivery for that car.  Eager car buyers can wait months or even years after paying their deposit, without knowing where they sit in the queue for delivery. This is why new models are priced over the sticker price when cars first enter the market. There has been no industry-wide solution…

The recent Commodity Futures Trading Commission (CFTC) advisory on offshore exchanges serving US residents under the Foreign Board of Trade (FBOT) framework won’t bring offshore crypto exchanges back to the US, according to Eli Cohen, general counsel at real-world asset (RWA) tokenization company Centrifuge. Cohen told Cointelegraph that settlement, clearing, and other regulatory requirements designed for the traditional financial system, required to serve US clients under the FBOT framework, are not tailored for crypto exchanges and will be difficult or impossible to fulfill.  The CFTC’s guidance also stipulated that only…

Strategy co-founder and executive chairman Michael Saylor has seen his net worth soar by $1 billion since the start of the year, coinciding with his debut on the Bloomberg Billionaire 500 Index. Saylor ranks 491st on the Bloomberg Billionaire Index with an estimated net worth of $7.37 billion, up 15.80% since Jan. 1. Over the same period, shares of his company Strategy (MSTR) have gained nearly 12%, as per Google Finance. Strategy’s stock price closed the trading day on Friday at $335.87. Source: Google Finance According to the Index, which…

A playful spat between the official social media account of cryptocurrency Litecoin and crypto influencer Benjamin Cowen has grabbed the attention of the broader crypto community heading into the weekend. “Your head reminds me of the great recession,” Litecoin, the 21st-largest cryptocurrency by market cap, said in an X post on Friday, firing back at crypto influencer Benjamin Cowen after he poked fun at Litecoin’s (LTC) long-term price action against Bitcoin (BTC) with the caption “the quiet part.” Cowen said, “Your market cap reminds me of the great recession.” Litecoin…