El Salvador Has Bought Its First $10 Million of Bitcoin El Salvador has bought $10 million of Bitcoin(BTC), as revealed on the Twitter profile of the country’s president, Nayib Bukele. Bukele stated that the El Salvador government has purchased 200 BTC. The purchase was made in preparation for the country’s plans to make the cryptocurrency…
The price of XRP is currently trading within an ascending parallel channel, indicating that a bullish move is imminent. On a smaller time frame, Ripple is forming a bullish pennant, which might lead to a 47 percent gain. Constant growth in daily active addresses implies that people are becoming more interested, which supports a positive…
Confirmation of this incoming price move for Polkadot Polkadot’s bullish resurgence at $11.7 support fueled optimism in the market and lent support to an extended rise over the coming days. Price move for Polkadot, A rise above 22nd June’s swing low of $13 would provide confirmation of a favourable outcome and once it occurs,…
After the recent correction, Bitcoin (BTC) will need aggressive inflows to absorb the possible selling from the short-term traders and momentum players as the price nears $40,000. In the past few months, Grayscale Investments has been one of the major entities responsible for the pickup in demand. However, JPMorgan Chase analysts pointed out in a…
Bitcoin (BTC) rallied from an intraday low at $17,573.29 on Dec. 11 to an intraday high at $29,310.19 on Dec. 31, a 66.78% rally in a short span. This shows strong demand from traders at every higher level. Institutional crypto investment giant Grayscale bought 72,950 Bitcoin in December, which was 159.49% more than the 28,112…
XRP price dropped steeply below $0.3 on Dec. 24, hitting as low as $0.2138 on Binance. The selling pressure on XRP has intensified in the aftermath of the high-profile lawsuit filed by the United States Securities and Exchange Commission against Ripple. There are three main factors behind XRP’s sharp price drop, namely the SEC lawsuit,…
