Streaming tokens surge as Bitcoin price drops to the $54,000 support

Bitcoin (BTC) bulls faced strong headwinds on March 22 that quickly dampened any attempt at a breakout above the $58,000 level despite comments from United States Federal Reserve Chair Jerome Powell which called the top cryptocurrency a “substitute for gold.” Data from Cointelegraph Markets and TradingView show that traders made several attempts to push BTC above $58,000 over the past two days only to be rejected, with Monday’s failure resulting in a pullback to the $54,000 support level. BTC/USDT 4-hour chart. Source: TradingView On-chain analysis shows that while BTC price struggles…

3 reasons why Bitcoin traders keep a close eye on the futures funding rate

Futures contracts trading has grown immensely over the past year, and proof of this comes from the total rise in open interest. Open interest is the total number of outstanding contracts, and the figure has risen from $3.9 billion to the current $21.5 billion in six months, a 450% increase. Sometimes traders assume that a high or low funding rate and soaring open interest indicate a bullish market, but as Cointelegraph has explained before, this is not the case. This article will take a quick look at the funding rate…

This Bitcoin Metric Says The Top Is Still 350% Away

Bitcoin price is struggling to get back over $60,000 where the current all-time high record stands. However, according to one top crypto researcher’s take on the cryptocurrency’s Energy Value, the top is still as much as 350% away from here. A rise from current prices by 350% as predicted, would bring the price per coin to as high as $260,000 each, matching the expected targets of other analysts. Here’s more about Bitcoin’s Energy Value Oscillator and why the analyst in question believes the bull market still has so much more…

BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, THETA

The Turkish lira lost 15% of its value and dipped close to its all-time low after Turkey’s President Erdogan fired central bank governor Naci Agbal. This resulted in a massive spike in Bitcoin (BTC) searches in Turkey as investors sought to protect their wealth from devaluation. This is just another example that shows how investors may be treating Bitcoin as a possible substitute for fiat currencies. In other news, United States Federal Reserve chairman Jerome Powell has a different view. While speaking at an event hosted by the Bank for…

Time magazine seeks CFO comfortable with Bitcoin and crypto

A new job posting from Time magazine shows the 98-year-old publication is looking for a chief financial officer familiar with blockchain and cryptocurrencies. According to the job details listed on LinkedIn, Time is seeking a chief financial officer with more than seven years of experience in executive leadership positions and who has “comfort with Bitcoin and cryptocurrencies.” The position will be based in the magazine’s corporate offices in New York City. “The media industry is undergoing a rapid evolution,” says the listing. “TIME is seeking a Chief Financial Officer who…

Jack Dorsey’s Tokenized Tweet Has Sold for $2.9 Million

Key Takeaways Twitter CEO Jack Dorsey has sold his first tweet as an NFT via the trading platform Valubles by Cent. It was sold to Bridge Oracle CEO Sina Esatavi for $2.9 million. Proceeds will be turned into Bitcoin and donated to charity via GiveDirectly to support its Africa relief efforts. Share this article Twitter founder and CEO Jack Dorsey has sold his first-ever tweet as a NFT, according to the website on which it was auctioned. Tweet Sold Via Valuables The auction for the token began on Dec. 15,…

XRP Army gets ‘RelistXRP’ trending, demands exchanges comply

Members of the XRP Army — supporters of the XRP token — have started an online movement to pressure crypto exchanges to relist the digital asset amid Ripple facing a lawsuit from the U.S. Securities and Exchange Commission, or SEC. According to Twitter user MackAttackXRP, the hashtag “RelistXRP” was trending in The Netherlands earlier today, with some users reporting the social media movement was gaining traction in Australia, the United States, and the United Kingdom. Twitter data showed more than 35,000 tweets with the hashtag in The Netherlands, more than…

Bitcoin Drops as US Fed Chairman Elaborates on Digital Dollar Plans

Key Takeaways U.S. Fed Chairman Jerome Powell spoke about digital currency plans in an online event. Powell’s comments on Bitcoin’s volatility, energy requirements and private issuance caused a drop its price. The Fed chair seemed slightly comfortable with stablecoins, but was not too optimistic about their role in future payments. Share this article The U.S. Fed chairman Jerome Powell said that Bitcoin is a speculative asset like gold and does not see it as a replacement for the American dollar. And certainly not a digital dollar. Fed Not Worried About…

China’s digital yuan will offer best privacy protection, says official

Chinese authorities are willing to ensure maximum user privacy for the country’s central bank digital currency, or CBDC, according to an official at the People’s Bank of China. Mu Changchun, head of the People’s Bank of China’s digital currency research institute, spoke of China’s digital yuan privacy capabilities at the 2021 China Development Forum on Sunday, local news agency Sina Finance reported. Mu stated that a completely anonymous CBDC “is not feasible” because a national digital currency must meet requirements related to Anti-Money Laundering, Counter-Terrorist Financing and anti-tax evasion. However,…

NFT Platform Sorare Adds Turkish Soccer Club Galatasaray

Fan-favorite Galatasaray from Istanbul has been added to Sorare. The platform now has 126 licensed clubs. Trade Galatasaray Players on Sorare After teasing a new addition to the fantasy football trading card game, Sorare revealed that Galatasaray is the next club to join the platform. The Turkish club is known for its passionate supporters and is a constant title-contender in Turkey. Galatasaray has also enjoyed European football glory to their name. They won the 1999-2000 UEFA Cup against Arsenal, the first time a Turkish club has ever won a European…