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Bitcoin price – live: Crypto market is ‘a ticking time bomb’ as rumours hint at Apple investment

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Bitcoin fell in price earlier in the week after taking three days to recover from a mini-flash crash last Thursday.

Bitcoin traded at just over $ 33,000 on Tuesday, with many leading cryptocurrencies also seeing similar price drops. Binance Coin, Ethereum (Ether), Ripple (XRP) and Dogecoin all fell 3-6 percent overnight.

Rumors on the internet claim that Apple is on the verge of announcing a large investment in Bitcoin, although there is currently nothing to back it up.

Recent moves have failed to rip Bitcoin out of its recent stasis as the world’s leading cryptocurrency moves less than 1 percent from week to week. It hasn’t jumped above $ 36,000 or below $ 32,000 since the end of June, though some analysts are hoping a big step is on the way.

According to an indicator, Bitcoin is about to trigger an important buy signal, similar to the one in October 2020.

Here you can follow all the latest news and analysis.

Important points

Show the latest update

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The USA reports the strongest rise in inflation since 2008

In its June 2021 consumer price index released today, the US Department of Labor reported the strongest 12-month inflation rise since 2008.

Consumer prices rose 5.4 percent last year as the economy struggles to recover from the pandemic.

This means that the dollar’s purchasing power is much lower than it was at that time last year, which is driving up prices for everyday goods and services such as cars, furniture and restaurants. Despite the recent drop in prices, Bitcoin’s value against the dollar has tripled over the same period.

Bitcoin proponents took the opportunity to also highlight the non-inflationary nature of Bitcoin, which has a built-in stash of 21 million coins that makes it immune to economic measures like quantitative easing. Among the most prominent proponents of the cryptocurrency were the Winklevoss twins, who called Bitcoin “the world’s best protection against inflation”.

Anthony CuthbertsonJuly 13, 2021 6:06 PM

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Ethereum price drops below $ 2,000

The price of Ethereum (Ether) has fallen below $ 2,000 for the first time since late June.

According to CoinMarketCap, the world’s second most valuable cryptocurrency has fallen by more than 6 percent in the past 24 hours and by more than 15 percent on a weekly basis.

Of the top 10 leading cryptocurrencies, only Uniswap saw a major drop in price over the same period. Not a single one saw any gains.

You can read the full story from Andrew Griffin, tech editor for The Independent, here.

Anthony CuthbertsonJuly 13, 2021 2:10 p.m.

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Bank of England reports “growing interest” in crypto from institutional investors

The Bank of England has highlighted the growing trend of increasing institutional investments in Bitcoin and other cryptocurrencies, suggesting that there could be more big strides in the room in 2021.

The Financial Stability Report released today found that the price of Bitcoin increased six-fold in the 12 months leading up to April 2021, prompting institutional investors to take notice.

“Market information suggests that crypto assets are largely held by retail investors, with institutional investors currently having limited exposure,” the report said.

“However, there are some signs of growing interest in crypto assets and related services from institutional investors, banks and major payment system operators. These developments could strengthen the links between crypto assets and other systemic financial markets and institutions. “

Anthony CuthbertsonJuly 13, 2021 1:17 p.m.

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Bitcoin price analyst predicts bullish breakout

A new research note from an analyst who predicted the recent crash in Bitcoin price has given an optimistic view of the current direction of the market.

Katie Stockton, founder of independent research firm Fairlead Strategies, wrote that Bitcoin is more likely to break the tight band between $ 32,000 and $ 36,000 within which it has been trading in recent weeks.

“The consolidation phase itself is neutral, but we believe a breakout is more likely than a collapse,” she wrote. “The medium-term dynamic has improved based on the MACD histogram (Moving Average Convergence Divergence).”

Anthony CuthbertsonJuly 13, 2021 11:29 AM

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Elon Musk says his baby is a Dogecoin toddler hoddler

Elon Musk tweeted again about Dogecoin.

The Tesla CEO joked that if they spotted a Shiba Inu dog with its built-in cameras, the electric cars could dump Dogecoin.

“Maybe, if [Tesla Vision] sees a Shiba Inu, the car renders a Dogecoin, ”he wrote.

Anthony CuthbertsonJuly 13, 2021 10:17 am

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BREAKING: Record crypto haul for the British police

The UK police have seized £ 294 million ($ 408 million) in cryptocurrencies as part of a money laundering investigation.

The loot, which the Met Police claims is record-breaking in size, consisted of unspecified crypto. Details of the seizure are not yet known.

Metropolitan Police Deputy Assistant Commissioner Graham McNulty said, “While cash is still king in the criminal world, as digital platforms evolve, we are seeing increasingly organized criminals using cryptocurrency to launder their dirty money.”

We’ll have more of this story as it develops.

Anthony CuthbertsonJuly 13, 2021 9:54 am

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Rumors that Apple bought Bitcoin

Rumors are currently spreading on the Internet that Apple has invested heavily in Bitcoin.

Forums and social media are rife with claims that the tech giant will announce a $ 2 billion cryptocurrency purchase today, though these are just rumors for now.

It would make sense for Apple to invest its huge cash reserves in Bitcoin, just as Tesla did, but it would still be a risky move. With nearly $ 200 billion in cash in the latest quarterly report, $ 2 billion would be just 1 percent of the iPhone maker’s inventory. If that’s true, you could imagine that the price of Bitcoin would see a similar surge when Elon Musk announced Tesla’s crypto investment.

We asked Apple for a comment.

Anthony CuthbertsonJuly 13, 2021 8:54 am

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Crypto market turns red

All of the most valuable cryptocurrencies by market cap are currently on the slide.

Not a single price has risen in the past 24 hours, with Ethereum (Ether) posting the largest losses according to CoinMarketCap’s index.

On a weekly basis, only Binance Coin saw its price spike, while Dogecoin saw the biggest drop of more than 10 percent.

Despite the market downturn, Bitcoin’s losses remain relatively insignificant compared to its volatility in the first half of 2021, and it continues to trade within the narrow band it has been in since late June.

(CoinMarketCap)

Anthony CuthbertsonJuly 12, 2021 8:05 PM

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Argentina law could pay workers in bitcoin

A member of the Argentine Congress tabled a bill that would allow workers to receive their salaries in bitcoin.

José Luis Ramón said: The idea is that they can strengthen their autonomy and maintain the purchasing power of their remuneration. “

Michael Saylor, CEO of MicroStrategy, noted that Argentina’s exchange rate against the dollar has “weakened from 15 to 174 in five years”.

He added, “That means $ 100 saved in ARS would be worth $ 8.62 today. If it were stored in BTC, it would now be worth $ 5,270. Bitcoin is hope for Argentina. “

Anthony CuthbertsonJuly 12, 2021 3:57 PM

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Apple co-founder says bitcoin is better than gold

Apple co-founder Steve Wozniak launched his own cryptocurrency and described Bitcoin as better than gold.

When presenting his new WOZX token at the Talent Land Jalisco 2021 technology conference, Wozniak said: “Gold is limited and you have to look for it; Bitcoin is the most amazing math miracle. I don’t invest in Bitcoin, but I believe in it for the future. “

You can read the whole story here.

Anthony CuthbertsonJuly 12, 2021 1:35 p.m.

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Cryptocurrency

Crypto News: Ethereum bounces, Shiba Inu jumps, and HUH Token releases white paper

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Photo courtesy of HUH Token

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Ethereum continued its rise this week despite being under pressure from the announcement of a new strain of Covid-19 and negative comments from the Federal Reserve. Meanwhile, Shiba Inu is up over 30% and HUH Token has released its highly anticipated white paper.

Bitcoin plunged lower this week after Federal Reserve Chairman Jerome Powell warned that the risk of higher inflation was “increasing,” meaning the central bank will consider stepping up its buying policy to reduce risky asset markets has cranked.

On the flip side, Ethereum, the second largest cryptocurrency by market capitalization, posted its fifth consecutive profit day, trading above $ 4,600 according to data from CoinMarketCap.

Ethereum remains the most popular cryptocurrency bet for most traders, and it looks like it will make another run towards $ 5,000 once risk appetite returns.

Ethereum’s growing market dominance is also reflected in the Ether-Bitcoin (ETH / BTC) daily chart on the Binance cryptocurrency exchange, which is up more than 5.2 percent at the time of writing.

Bitcoin (BTC) buyers were unable to sustain the price rally on Monday, although support near $ 54,000- $ 56,000 could help stabilize the current decline.

The cryptocurrency has fallen about 2% in the past 24 hours and has remained relatively stable for the past week.

On the 4-hour chart, the downward sloping 100-day moving average is indicating a near-term downtrend. This suggests that buyers have benefited from rallies across the board over the past month.

Lately, despite oversold levels on the charts, the $ 60,000 resistance level has been a significant hurdle for buyers. So far, support levels have remained intact, implying the possibility of a tight trading range between $ 55,000 and $ 60,000.

Shiba Inu price is seeing a slight decline after a sharp surge in buying pressure that led to a rally. This correction gives sidelined buyers the opportunity to get in before the next higher leg.

Between November 28 and November 30, the price of Shiba Inu rose 50% from $ 0.0000362 to $ 0.0000543. This massive rally is currently retreating and trading near the middle of the $ 0.0000452 range.

Investors can expect SHIB to reverse course as soon as it re-enters the buy zone. This high probability reversal zone offers investors who missed the initial Shiba Inu price surge the opportunity to participate in the next bull market.

Market participants should wait for the 62 percent Fibonacci retracement level at $ 0.0000431 to be retested before entering a long position. That slump will create the conditions for a 25 percent rise in Shiba Inu price, causing a retest of the range high at $ 0.0000543.

Finally, HUH Token has released its highly anticipated white paper, which is preparing to launch on Monday December 6th.

According to the whitepaper, “The HUH Token dream is a decentralized metaverse where everyone benefits from the data they generate. The data generated through engagement, be it information, opinions, images, sound or any other form of self-expression, generated value for the influencer and the individual, because all data creates influence, and HUH believes

this influence is a currency that must be shared for the common good ”.

This “tokenization” of influence is certainly a new idea in the crypto space and could be a hit among creative and influencer communities. Musicians, artists and influencers could use this crypto and their social network called “MetHUH” to monetize their works or to “influence” them with the help of HUH tokens.

The makers of HUH Token say they built the world’s first “UTIMEME”

Cryptocurrency that combines the power of “meme” tokens with the usability of utility tokens. “Tokenomics will rapidly increase the value of the HUH token, which will be the basis for transactions and rewards through a major social network called ‘MetHUH’, where user data ownership is first taken seriously from a cryptocurrency perspective. With the social network of the HUH, MetHUH, everyone in the HUH can be rewarded for the exchange of content and commitment. ”

HUH Token will be available on PancakeSwap and Uniswap from Monday, and to promote long-term stability and growth, its creators tie up $ 1 million in liquidity for 2 years from launch.

Currently in the final days of the pre-sale, this could be the ideal time to buy HUH tokens. Follow HUH Token on their social networks before they start:
Telegram: https://t.me/HUHTOKEN
Website: https://huh.social
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/

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Cryptocurrency

Mukesh Ambani backs data privacy, cryptocurrency bills

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Billionaire Mukesh Ambani on Friday backed proposed privacy and cryptocurrency laws, saying India is implementing the most forward-looking policies and regulations.

Ambani, who was a voice of Indians who owns and controls its own data and the nation that has strict rules for storing and sharing digital information, said nations have the right to build and protect strategic digital infrastructure .

He stated that data was the “new oil” and said that every citizen’s right to privacy must be protected.

“India is introducing the most cutting-edge policies and regulations,” he said at the Infinity Forum hosted by the International Financial Services Centers Authority (IFSCA).

The country, he said, already has a great framework for digital identity – through Aadhaar, digital bank accounts and digital payments.

“We are about to introduce a data protection act and the cryptocurrency act. I think we are on the right track, ”he said.

The comments came as the government wanted to bring a new bill into parliament to treat cryptocurrencies as a financial asset while protecting retail investors. The legislature can prescribe a minimum amount for investments in digital currencies and prohibit their use as legal tender.

The legislative agenda for the current winter session of Parliament, which began on November 29, lists the submission of a bill aimed at banning all private cryptocurrencies with the exception of “certain exceptions to promote the underlying technology of cryptocurrency and its uses” . While the government is considering taxing cryptocurrency profits, the Reserve Bank of India wants a total ban on digital currencies as it believes it could hurt the country’s macroeconomic and financial stability.

“Data and digital infrastructure are of strategic importance to India and every other nation in the world. Every country has the right to build and protect this strategic digital infrastructure, ”he said, adding that a unified global standard is needed so that cross-border transactions, collaborations and partnerships are not obstructed.

He stated that every citizen’s right to privacy must be protected, saying that the right policies and regulatory framework must balance this with the country’s need to protect data and digital infrastructure.

Ambani, chairman and general manager of Reliance Industries Ltd, said he was a big believer in blockchain technology.

“I believe in blockchain technology and that is different from cryptocurrency,” he said, adding, “Blockchain is very important for a trust-based, fair society.” While the bill to regulate cryptocurrency is in the works, RBI- Governor Shaktikanta Das to those who believe that the blockchain technology underlying cryptocurrencies could also exist on their own without the currency.

“With blockchain, we can provide unparalleled security, trust, automation and efficiency for almost any type of transaction,” said Ambani. “It can be used to modernize our supply chains, which are the lifeblood of our economies.” India is now well on its way to becoming a leading digital society with the digital infrastructure and regulatory framework in place.

“Data is indeed the ‘new oil’. But the new oil is fundamentally different from the traditional oil. Traditional oil was only extracted in selected locations – so it only created wealth for a few countries. In contrast, the new oil – that is, data – can be produced and consumed anywhere and by anyone. It has the potential to deliver equitable value across sectors, regions and economic classes, ”he said.

His comments are against the backdrop of a debate on how India should balance user protection with supporting its digital economy in the world’s fastest growing major internet market. Foreign companies and hundreds of domestic startups thrived amid a lack of regulation.


Ambanis Jio has accelerated internet adoption and has contributed to the crash in data prices since launching in the retail market.

The country, he said, is switching completely from 2G to 4G. “We are in the process of creating an equally affordable ecosystem of devices to enable greater adoption, supported by faster adoption of fiber, cloud and data center infrastructure.

“The next step will be the connectivity of machines, devices and vehicles, in other words the Internet of Things. With the introduction of 5G in India next year, we are on our way to have one of the most advanced digital infrastructures in the world. ”Ambani said India is well on its way to becoming a leading digital society after digital infrastructure and the regulatory framework had been created.

“Finance is at the heart of everything, and I think we are in the very early stages of sporadic digitization, and with the advent of various new age technologies, there is an opportunity to adopt a decentralized financial model,” he said.

There will be centralized government and central bank policies, but there will be a path to decentralized technological solutions where funding is enabled and available to everyone, Ambani said.

Real-time technologies will help complete trades, not in days or hours, but in real time. Smart contracts are becoming a reality.

“The convergence of real-time technologies, distributed ledgers, blockchain, smart tokens, etc. with physical infrastructure using IoT will redefine the decentralized finance sector in ways we never imagined,” he added.

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‘Wolf of Wall Street’ Jordan Belfort Warns About Investing in Dogecoin and Shiba Inu Cryptocurrencies – News Bitcoin News

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Jordan Belfort, the former stockbroker whose memoir was made into a film with Leonardo DiCaprio, has warned against investing in meme cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB). Belfort stated that “people are taking advantage of an unregulated market”, stressing that “the sooner governments step in, the better it is for crypto.”

The Wolf of Wall Street’s advice on Dogecoin and Shiba Inu cryptocurrencies

Jordan Belfort, also known as the Wolf of Wall Street, warned investors not to invest money in meme cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB) in an interview published Tuesday with The Sun.

“I’m a fan of blockchain, but there is a lot of nonsense out there, a lot of bullshit coins that serve no purpose and are only there to separate people from their money,” he said.

Belfort is a former stockbroker whose memoir was adapted in a film titled “The Wolf of Wall Street” starring Leonardo DiCaprio and directed by Martin Scorsese. Belfort founded Stratton Oakmont, which acted as a boiler room, marketing penny stocks and tricking investors with “pump-and-dump” stock sales. In 1999 he pleaded guilty to fraud and was jailed for 22 months; he is now a motivational speaker.

“I got greedy. … Greed is not good, ”he said in 2014 at a motivational interview in Dubai.

The writer of The Wolf of Wall Street told The Sun:

You hear crazy stories from people who make millions and billions, but for every such person there are 10,000 or 100,000 people who get their money in Shiba Inu … It’s not a real investment.

Belfort added, “People are taking advantage of an unregulated market and creating shit coins that have no value and no use.”

Both Dogecoin and Shiba Inu have grown in popularity tremendously in the past few months. At the time of writing, DOGE is the 10th largest cryptocurrency by market capitalization and SHIB is the 13th largest. The price of Dogecoin is $ 0.210057. It has grown by more than 6,154% in the past year. The price of Shiba Inu is $ 0.00004284. The meme coin gained 66,650,613.9% over the past year.

Belfort then proposed against crypto investment programs like MILF Coins and Yummy Coin, stating that “unscrupulous people start the coins and come into a chat room and say things that are obviously illegal”.

He stressed: “People should go to jail seriously – they are not legitimate. There is no way they will ever work … I suspect someone will be charged for this stuff. “

He pointed out, “What I hate most about it is this legitimate stuff – it gives these digital coins a bad name,” he said:

The sooner governments step in, the better it is for crypto, because when the authorities start regulating a dark market, it gets bigger and better.

What do you think of the advice from the Wolf of Wall Street? Let us know in the comment section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on the content, goods or services mentioned in this article.

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