A strong BTC price weekly close becomes an attack on resistance levels lost the week prior as DXY headwinds lessen.
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Bitcoin price eyes $24K retest as US dollar dives into monthly close
Bitcoin (BTC) headed toward $24,000 at the Feb. 27 Wall Street open as a strong weekly close translated into further gains.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin gains $1,000 versus weekend lows
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding in line with United States equities futures.
The pair had seen lows of $22,770 on Bitstamp over the weekend, these nonetheless proving short lived as the weekly candle closed above $23,500.
With stocks rebuilding strength into the new week, hopes were high that Bitcoin could continue its upward trajectory to finish February on a high.
“Rejecting at crucial $23.8K level would indicate that we´ll be having another test of the support,” Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, wrote in part of a Twitter update on the day.
Is the SEC’s action against BUSD more about Binance than stablecoins?
The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance.
Trezor to produce chips for hardware wallets to shorten supply cycle
Trezor wants to respond quickly to demand-triggering events like the FTX collapse by taking control of wallet chip production.
Solana outage triggers ballistic reaction from the crypto community
A community member argued that outages are putting decentralized finance protocols running on Solana at risk of insolvency.
Crypto gateway Alchemy Pay scores license in Indonesia
Alchemy Pay has partnered with a local fintech in Indonesia to offer low-cost remittances for crypto users in the country.
BTC whale population shrinks to early 2020 levels — 5 things to know in Bitcoin this week
Bitcoin price action is on a knife edge as analysis hopes that the monthly close can echo a positive end to the week.
BTC whale population shrinks to early 2020 levels — 5 things to know in Bitcoin this week
Bitcoin (BTC) keeps pushing for a bullish end to February as the monthly close starts another week’s price action.
The largest cryptocurrency looks set to preserve its gains as it closes the second month of 2023 — and is keeping bulls’ hopes alive in the process.
Can the good times continue? The coming week could mean decision time for a key area of BTC price action around $25,000.
Analysts are eyeing a breakout toward $30,000 if support can become more permanent, while concerns nonetheless remain that a trip back towards resistance reclaimed in January is still on the cards.
Amid a quiet week for macroeconomic data, any catalysts for determining whether BTC/USD goes up or down may come from within Bitcoin itself.
Lido Finance activates staking rate limit after more than 150,000 ETH staked
Lido Finance had to activate its safety feature "Staking Rate Limit" after over 150,000 ETH was staked in a single day.
Lido Finance activates staking rate limit after more than 150,000 ETH staked
Lido Finance had to activate its safety feature "Staking Rate Limit" after over 150,000 ETH was staked in a single day.
BitFlyer founder seeks to reinstate self as CEO, leading firm to IPO: Report
Despite stepping down as CEO for three years, Yuzo continued to have a significant influence on the company being the firm’s largest stakeholder.
BitFlyer founder seeks to reinstate self as CEO, leading firm to IPO: Report
Despite stepping down as CEO for three years, Yuzo continued to have a significant influence on the company being the firm’s largest stakeholder.
BitFlyer founder seeks to reinstate self as CEO, leading firm to IPO: Report
Despite stepping down as CEO for three years, Yuzo continued to have a significant influence on the company being the firm’s largest stakeholder.
Lendhub protocol exploiters spotted shifting $3.85M into Tornado Cash
Despite the sanctions on the crypto mixing service, the bad actors behind January's biggest exploit have deposited millions worth of funds into Tornado Cash.
IMF to prefer regulating crypto than banning it outright: Report
On the sidelines of the G20 meeting in India, IMF managing director Kristalina Georgieva said the agency would prefer to regulate crypto than an outright ban.
Crypto lawyers flame Gensler over claims that all crypto are securities
Crypto lawyers weighed in on Gary Gensler’s crypto regulation claims saying the SEC has no legal standing to police the space.
Coinbase hit with proposed trademark lawsuit over Nano derivative products
NanoLabs has filed a trademark infringement lawsuit against crypto exchange Coinbase for its Nano Bitcoin futures contract and Nano Ether futures contract.
Coinbase hit with proposed trademark lawsuit over Nano derivative products
NanoLabs has filed a trademark infringement lawsuit against crypto exchange Coinbase for its Nano Bitcoin futures contract and Nano Ether futures contract.
Ukraine netted $70M in crypto donations since start of Russia conflict
Ukraine has received over $70 million in the form of cryptocurrencies since the start of the Russian-Ukrainian conflict, providing the nation with military equipment and humanitarian assistance.
The figures came from a Feb. 24 report by blockchain data platform Chainalysis, which found the majority of the funds to have come in the form of Ether (ETH) and Bitcoin (BTC).
ETH donors led the way with $28.9 million given, while donors of BTC and Tether (USDT) chipped in $22.8 million and $11.59 million respectively.
Cryptocurrencies donated to Ukraine wallets provided by the Ukrainian government. Source: Chainalysis.Donations have also come in the form of nonfungible tokens (NFTs), such as UkraineDAO’s auction of a Ukrainian flag NFT which sold for $6.1 million.
Around 80% of the total $70 million donated came in the first few months of the war, with the speed of cryptocurrency payments fast-tracking the country’s ability to respond to the Russian invasion, Ukrainian deputy digital minister Alex Bornyakov explained in an interview with Yahoo Finance UK on Feb. 24:
Ukraine netted $70M in crypto donations since start of Russia conflict
Ether leads the way in donations with $28.9 million received so far, while BTC and USDT donors have chipped in $22.8 million and $11.59 million respectively.