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Inflation Uncertainty Keeps Bitcoin Near A Six-Month High

19 Oct 2021 1 minute read 0 comments FX Empire

Concerns over inflation also fueled demand for bitcoin, which has a limited supply compared with the ample number of currencies issued by central banks, which were printed to stimulate economies     Despite some global inflation worries,...

Bitcoin and Ethereum – Weekly Technical Analysis – October 18th, 2021

19 Oct 2021 2 minute read 0 comments FX Empire

Following last week’s bullish week, avoiding the week’s pivot levels and a return to last week’s highs would support another breakout, with Bitcoin targeting $68,000 levels.     Bitcoin Bitcoin, BTC to USD, rose by 12.48% in the week ending 17th Oct...

Ethereum Is One to Watch Amid Speculation for Next Crypto ETF

18 Oct 2021 1 minute read 0 comments FX Empire

Cryptocurrency market leaders are convinced that it is only a matter of time before an Ethereum ETF emerges. The arrival of a bitcoin futures ETF has investors wondering which cryptocurrency could be next in line. Ethereum, the second-bi...

Bitcoin & Ethereum Elliott Wave Cycles Point to Correction Before Another High

17 Oct 2021 1 minute read 0 comments FX Empire

Crypto total market cap is coming nicely higher back above September highs as expected, but we can see it finishing wave 5 of (3), so new intraday slow down within wave (4) can be near before we will see another jump for the 5th wave. Bi...

Square Sets Its Sights on Bitcoin Mining

17 Oct 2021 1 minute read 3 comments FX Empire

Jack Dorsey revealed in a tweetstorm that Square is exploring the creation of a bitcoin mining system.   Now that a bitcoin ETF is on its way in the U.S., it’s more hip than ever to be a crypto company. Jack Dorsey’s payments company Squ...

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 16th, 2021

16 Oct 2021 3 minute read 3 comments FX Empire

After a bullish Friday, avoiding the day’s pivot levels would be needed to support a breakout from Friday’s highs…   In order to view this video, please enable cookies here   Ethereum Ethereum rose by 2.08% on Friday. Following a 5...

Ethereum Catalysts on the Rise as Bulls Keep Control

16 Oct 2021 1 minute read 0 comments FX Empire

The Ethereum price is inching closer to its all-time high.   While all eyes are on bitcoin ahead of an expected approval of a BTC futures ETF in the U.S., the second-biggest cryptocurrency is nearing a milestone of its own. Ethereum is i...

What Can We Glean from Uber-Wealthy Bitcoin Backers?

15 Oct 2021 2 minute read 0 comments FX Empire

As many analysts and pundits across financial news have noted, this current bull run in Bitcoin and Ethereum is similar to the rally in Spring 2020 because it is fueled by institutions and wealthy individuals (whales) piling into the sector.  ...

Bitcoin’s Hash rates Spikes Even After China’s Bans Crypto

15 Oct 2021 3 minute read 0 comments FX Empire

The Bitcoin hash rate has experienced a substantial hike recently. The spike was significant, having hit 177.5 EH/s on the 2nd of October 2020. The figure is so substantial that it is as close to the all-time high (ATH) hash rate of 198.5 EH/s as it...

NFT Space Will Get More Competitive As Coinbase And Others Enter The Game

14 Oct 2021 1 minute read 0 comments FX Empire

Coinbase has joined the likes of Binance and FTX in launching an NFT marketplace, with the sector expected to experience further growth in the coming months and years.   The nonfungible token (NFT) space is experiencing massive growth at the moment,...