Coinbase to Become the First Company to Pay WeWork in Cryptocurrency

WeWork has announced it will begin accepting crypto payments  The move is in partnership with BitPay and Coinbase BitPAy will handle the payments with WeWork accepting Bitcoin, Etheruem, USD Coin (USDC) and Paxos (PAX) WeWork will hold the crypto paid for services on its balance sheet Coinbase will become the first company to pay WeWork in crypto The flexible working space company of WeWork has just announced that it will begin accepting payments using select cryptocurrencies. The move by the company is in partnership with BitPay and Coinbase as WeWork…

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Bitcoin and the Crypto Markets are Yet to Hit a Top – BTC Analyst

Bitcoin and Crypto analyst MagicPoopCannon, has forecasted that the top is not in He cites that the Bitcoin 200 week MA divergence heat map, is yet to show exhaustion However, a top is near with Magic seeing a possible Bitcoin top at $80k – $90k Popular Bitcoin and Crypto Analyst, MagicPoopCannon, has forecasted that Bitcoin and the crypto markets are yet to hit a top for this cycle. According to Magic, the Bitcoin 200 week MA divergence heat map is yet to show signs of exhaustion as explained through the…

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Bitcoin (BTC) Korea Premium Index Hits a One-Year High of 11.97%

Quick take: The Bitcoin Korea Premium Index has just hit a one-year high of 11.97$% Also known as Kimchi Premium, it tracks Bitcoin’s value on S. Korean exchanges relative to others The index is known to sometimes foreshadow a major Bitcoin price move Bitcoin conquering $60k will open the doors to $64k and beyond The Bitcoin (BTC) Korea Premium Index has just hit a one-year high of 11.97%. This is according to data by the team at CryptoQuant.com shared through the following tweet. $BTC Korea premium index hit a year…

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Bitcoin’s Dip to $50.9k Closes Two CME BTC Gaps

In the last 24 hrs, Bitcoin suffered a crash from $60,900 to $50,900 Over 1 million traders were liquidated to the tune of $10.2 Billion The dip successfully closed 2 CME BTC Gaps The closure of the two gaps created another at $62,100 that could also be filled in the future The last 24 hours have been a tumultuous period in the crypto markets as Bitcoin dropped by roughly $10k from $60,900 to a local low of $50,900. The 16.4% Bitcoin dump in the stated time period caused the liquidation…

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Bitcoin Whales Sold 50k BTC Worth $3B in the Last 5 Days

Bitcoin whales have sold roughly 50k BTC in the last 5 days This amount translates to roughly $3 billion The Bitcoin whales include those holding 100 – 10,000 BTC Bitcoin has entered what looks like a brief bearish window with $60k continuing to hold A breakdown of $60k could lead to accelerated of selling, and lower levels of support Bitcoin whales holding 100 to 10,000 BTC have collectively sold 50,000 BTC in the last five days. This amount of Bitcoin translates to roughly $3 Billion, using a value of $61k.…

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Bitcoin (BTC) Dips to $60k as Turkey Bans Crypto as a Form of Payment

Turkey has announced a move to ban cryptocurrencies as a form of payment The Turkish Central Bank cites that cryptocurrencies can cause ‘non-recoverable’ losses due to their level of anonymity The crypto ban in Turkey begins April 30th Bitcoin has dropped from $63k to a local low of $60,050 as a result of the news The Turkish Central Bank has announced a plan to ban cryptocurrencies as a form of payment effective April 30th. According to Bloomberg, the Turkish Central bank believes that the anonymity behind digital assets has the…

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Bitcoin Could Be in the Greed Stage Based on High Leverage Being Used

Bitcoin’s market could have entered the ‘greed stage’ based on the high leverage being used by BTC traders The amount of leverage has increased since February The weekly Bitcoin chart is hinting of exhaustion and a top might not be too far away The Bitcoin market might have entered the ‘greed stage’. This is according to an analysis done by the CEO of CryptoQuant, Ki Young Ju, who pointed out that BTC traders are continually using high leverage. Furthermore, the amount of leverage being used by Bitcoin traders has increased…

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Bitcoin Replacing Gold is More Sudden than Gradual – Bloomberg Report

Quick take: Bitcoin replacing gold is occurring at a fast rate as investors divert funds ‘to where it is treated best’ Gold still maintains its place in jewelry and coin collections, but Bitcoin is replacing it as a store of value BTC’s volatility and ETF flows indicate that Bitcoin is in the early days of gaining against Gold The amount of Bitcoin leaving crypto exchanges is a sign of increased demand The team at Bloomberg has released their April 2021 Crypto Outlook report in which they point out that Bitcoin…

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Bitcoin Miners are Making over $50M per Day and Hodling their BTC

Quick take: Bitcoin miners have been earning over $50 million per day This is a 4x increment in one year despite BTC rewards being halved Bitcoin miners are choosing to hodl their BTC Bitcoin’s $55k is the level to watch moving forward Bitcoin (BTC) miners are making over $50 million per day. This is according to data shared by the Co-founder and CTO of Glassnode, Rafael Schultze-Kraft, who also explained the current miner revenue is 4 times higher than it was one year ago despite mining rewards being cut in…

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Bitcoin OGs Stopped Dumping After Tesla Bought BTC – Analyst

In brief: Bitcoin long term holders, aka OGs, are no longer selling after Tesla bought BTC Bitcoin old hands are extremely strong and their lack of selling, points to new highs for BTC Bitcoin has since reclaimed $60k liquidating $550 million in shorts A new all-time high by Bitcoin might just be a few days away Veteran Bitcoin analyst, Willy Woo, has pointed out that long-term holders, also known as OGs, are no longer selling their BTC after Tesla bought $1.5 billion worth back in February. Mr. Woo made the…

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