Kraken Analysts Outline Potential Bitcoin Surge to Staggering High of $322,478
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Analysts at the crypto exchange Kraken are looking at Bitcoin’s historic price action to determine where the top crypto asset may be heading in the long run. A new report from Kraken Intelligence uses Bitcoin’s 200-week moving average as a crystal ball. Specifically, Kraken looks at the multiples that BTC has traded at relative to its 200-week moving average in the past. BTC is now trading close to its 200-week moving average of about $21,498, and a chart from Kraken shows that when Bitcoin’s price has previously dropped to 1x of its 200-week moving average – big rallies have often
Bitcoin Magazine Morgan Stanley Plans To Offer Bitcoin And Crypto Trading To E-Trade Clients Bloomberg reports that the Wall Street giant is in the early stages of planning to add spot Bitcoin and crypto trading capabilities to its ETrade brokerage platform. The project aims to allow ETrade’s retail clients to…
Bitcoin Magazine Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India Amid ongoing sanctions over the war in Ukraine, Russia has turned to bitcoin and other cryptocurrencies to facilitate some of its oil trade with major buyers China and India. According to a Reuters report,…