Guides

Market Update 11/08/2022: Ethereum Gets Closer to $2,000

The cryptocurrency market has moved higher in recent hours as inflation data was released for the United States. Inflation came up cooler than expected as it expanded 0% on a month-to-month basis. This has created a short rally in traditional financial markets and the crypto industry. This is UseTheBitcoin’s market update.  Ethereum Surpasses $1,925 According ...

Expert Believes Ethereum Could Skyrocket as ETH 2.0 Gets Closer

Could Ethereum (ETH) reach a new all-time high in the near future? According to the cryptocurrency analyst Crypto Kaleo, if anything has a chance of making it back to the highs from here it’s Ethereum. He said that in a recent tweet with reference to ETH 2.0. It is now a matter of time to ...

Dogecoin (DOGE) Activity Surges Despite Market Consolidation

Activity on the Dogecoin (DOGE) blockchain surged in recent months, according to data shared by analyst Ali Martinez. According to him, the number of new daily Dogecoin addresses surged by 265% in just two months. This is despite the recent market consolidation period that has been experienced by the crypto industry during the last few ...

Bitcoin Surges Above $23,000 As Buying Pressure Increases

It has been a positive day for Bitcoin (BTC). The FED hiked once again interest rates 75 basis points as inflation continues to grow. Stocks and cryptocurrencies reacted positively after hearing the presentation given by Federal Reserve Chair Jerome Powell. While the S&P 500 moved higher by 2.6%, Bitcoin registered 9.23% gains compared to 24 ...

Crypto.com Integrates Google Pay for Users to Buy Cryptocurrencies

Users in the cryptocurrency market have now a new way to purchase virtual currencies. They can do so using Google Pay on Crypto.com, one of the largest crypto exchanges in the market. Google Pay should make buying digital assets easier and faster. In the future, other payment options could be available for investors to get ...

Binance Free BTC Trading Triggers Requests to Exclude the Exchange From Volume Calculations

Binance announced a few days ago that they eliminated trading fees for some Bitcoin trading pairs. This was something that the whole crypto community celebrated as it allowed investors to get access to Bitcoin without paying trading fees. To be precise, there were 13 spot trading pairs that were affected: BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, ...

Analyst Believes Bitcoin Could Explode to $110,000 in the Next Few Years

Bitcoin (BTC) could surge to over $110,000 in the future as we approach the next halving event. According to CryptoKaleo, one of the most respected cryptocurrency analyst on Twitter, BTC could skyrocket after its new halving. This could push Bitcoin not only to new highs but also surpass the psychological barrier of $100,000. Bitcoin Could ...

An Arab Nation Could Adopt Bitcoin Says Prince of Serbia

We could soon see an Arab nation adopting Bitcoin (BTC) in the near future. This is according to Prince Philip Karadjordjevic of Serbia, who talked on the Bitcoin Reserve Podcast and indeed that BTC is compatible with Sharia Law. The next country to make Bitcoin legal tender will become the third one in the world ...

El Salvador and MicroStrategy Purchase More Bitcoin

Both El Salvador and MicroStrategy purchased more BItcoin as the virtual currency dropped close to $19,000 on July 1st. Nayib Bukele, the president of the country, announced that they bought 80 BTC at $19,000 each.  At the same time, MicroStrategy chief executive Michael Saylor informed the community that they have bought 480 Bitcoin for close ...

Study Shows Over 50% of Latin American Consumers Transacted Crypto

According to a recent survey conducted by Mastercard, over 50% of consumers traded or used cryptocurrencies. This study shows a clear interest in digital currencies in the Latin American region. There could be different reasons linked to this result considering that the region has been affected by inflation, economic instability, and political regime changes.  Latin ...

Analyst Suggests Bitcoin Could Surge to $95,000

Bitcoin (BTC) could recover and reach new highs in 2023 according to Mark Palmer, a recognized analyst at BTIG. This cryptocurrency analyst has a bullish position on Bitcoin as he considers that the virtual currency could eventually hit $95,000 by the end of the year, according to MarketWatch. This comes after a strong sell-off in ...

Bitcoin Falls Below $18,000 For The First Time Since November 2020

Bitcoin (BTC) has fallen below $18,000 for the first time since November 2020, when Bitcoin was starting its bull run that pushed its price towards $69,000 a year later. This recent sell-off started in May with the implosion of the Terra (LUNA) ecosystem and continued with the lack of stability of the Celsius platform, which ...

Russia Looks Positively at Bitcoin for Mining and Payments

Russia is positively looking at Bitcoin (BTC) to conduct mining activities and settle payments across borders. This comes after the war that is currently ongoing between Russia and Western countries in Ukraine. Gazprom, one of the largest gas companies in the world, could reduce its carbon footprint by mining Bitcoin using flare gas. Furthermore, due ...

Bitcoin Falls Below $21,000 As Celsius Pauses Withdrawals

Bitcoin (BTC), the largest and oldest cryptocurrency in the world, has fallen below $21,000 for the first time since December 2020. This shows that there has been a strong sell-off in the cryptocurrency market pushed by different reasons, including Celsius’ liquidity crisis. There are other things that we should take into consideration as well, including ...

These are the Top 3 Reasons why Bitcoin Is Crashing Today

Why is Bitcoin crashing today? The largest cryptocurrency in the world has fallen below $27,500 and it continues to move lower. Other virtual currencies have fallen as well, pushing the entire crypto market capitalization down close to 10% in the last 24 hours. But what happened that Bitcoin (BTC) and digital currencies continue moving lower? ...
  • bitcoinBitcoin (BTC) $ 63,733.00 1.36%
  • ethereumEthereum (ETH) $ 3,125.33 1.08%
  • solanaSolana (SOL) $ 139.30 4.52%
  • xrpXRP (XRP) $ 0.523871 0.53%
  • cardanoCardano (ADA) $ 0.461941 2.36%
  • polkadotPolkadot (DOT) $ 6.73 2.09%
  • matic-networkPolygon (MATIC) $ 0.703121 2.3%