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El Salvador’s Tourism Rises 30% After Bitcoin Became Legal Tender

El Salvador’s tourism has grown more than 30% after adopting bitcoin as legal tender, according to the country’s ministry of tourism. “Cryptocurrency multiplies the opportunities to do business with more partners anywhere in the world,” the Salvadoran government explained. El Salvador’s Economy Boosted by Bitcoin Law The Salvadoran government has outlined some economic benefits resulting

TA: Bitcoin Recovery Halts, Technicals Suggest Fresh Decline To $36K

Bitcoin is struggling to recover above the $38,400 resistance zone against the US Dollar. BTC could resume decline if it stays below the $38,500 level. Bitcoin is currently facing resistance near the $38,400 and $38,500 levels. The price is trading below $38,500 and the 100 hourly simple moving average. There is a crucial bearish trend …

TA: Bitcoin Recovery Halts, Technicals Suggest Fresh Decline To $36K Read More »

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Bearish Signal: Ethereum Exchange Balances Touch 3-Month High

Ethereum had seen its balances on exchanges decline through 2021. This happened despite continuous market rallies that sent the digital asset towards all-time highs. Investors had accumulated all through bull rallies instead of trying to dump their coins, leading to reduced supply on centralized exchanges. This was also propelled forward by the growing popularity of …

Bearish Signal: Ethereum Exchange Balances Touch 3-Month High Read More »

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Bitcoin Bloodbath Continues, Bears Grip Put in Extreme Fear Territory

To the sound of war drums between Russia and Ukraine, Bitcoin continued its downward spiral on Monday. Over the weekend, the digital currency par excellence lost crucial support below $40,000, and on Monday, it made a low below the next control zone at $37,000. Despite closing near $38,000, the crypto currency is swinging around the …

Bitcoin Bloodbath Continues, Bears Grip Put in Extreme Fear Territory Read More »

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Bitcoin Inflows On The Rise Despite Declining Prices

Bitcoin has declined o the $37,000 price range signaling what might be the beginning of another stretched-out bear market. The trend keeps pointing towards further downside as investors become warier of the market. However, this has not been much deterrent for institutional money flowing into the market as it has continued to pick up. This