Bitcoin Treads Water At $90,000 — Market Braces For FOMC To End The Compressi...
Bitcoin is currently holding steady, trading water around the critical $90,000 level as the market enters a period of high compression. With ETF inflows slowing down, the price lacks the momentum to break through overhead resistance. The highly anticipated FOMC meeting is expected to provide the necessary catalyst to end the current consolidation and dictate Bitcoin’s next major directional move. BTC Compression Intensifies: Scaling Back Intraday Scalps According to a recent update from Lennaert Snyder, Bitcoin continues to tighten within a compression phase. The market has been....
Related News
On Friday, the well known nonprofit charitywater.org announced the launch of a celebrity-funded Bitcoin Water Trust initiative. The trust will be allowed to hold bitcoin donations to fund water projects worldwide until 2025. Charity Water Launches Bitcoin Water Trust A number of announcements were revealed at the Bitcoin 2021 conference in Miami and one announcement was from the global safe drinking water nonprofit, charity water. The organization charity water is a nonprofit that helps provide clean and safe drinking water to citizens living in developing countries. On June 4, charity....
How can you put your Bitcoin to good use? In so many ways! One opportunity that you have to consider today is donating to the BitGive Foundation's Water Project Campaign. The Water Project recently began accepting Bitcoin and focuses on delivering clean water to Sub Saharan Africa. As a 501(c)(3) organization, the Water Project seeks to build a foundation in communities in need of a sustainable water supply. You can be apart of this project. Most of us simply take our running faucets and clean water for granted, but many do not have access to clean drinking water. I agree with the Water....
Bitcoin and the entire crypto market are currently waiting with bated breaths to see the outcome of the FOMC meeting. The United States Federal Reserve Open Market Committee (FOMC) meeting began on Nov. 1 and the market now waits patiently for the decision of the Fed. In the last couple of months, the FOMC meeting […]
The Water Project, Inc., a nonprofit organization providing sustainable water projects to sub-Saharan African communities, has launched a new bold initiative, with the help of bitcoin. The organization has introduced a new program named "The Water Promise," which combines high-tech remote monitoring with local repair teams to ensure that water is reliable and self-sustainable in the long term. Each bitcoin donation will be allocated to one of 42 new sensor-enabled water projects in Kenya managed by the organization. The Water Project team is looking for donations as little as 0.196 BTC to....
While bitcoin treads water in the mid-$750’s following another bullish week, Ether has been getting some less flattering attention. Early Friday morning the cryptocurrency based project known as the DAO (“Decentralized Autonomous Organization”) was exploited for about 3.5 million Ethers, equivalent to around $50 million USD via a quirk in the code related to child DAO’s. The public perception surrounding the event was certainly not good for Ethereum, the DAO, and other smart contract-focused endeavors. This is just the first big hurdle for this very new technology. There is no doubt that....