Why Are Crypto Markets Pulling Back?
Bitcoin, ether, and the wider crypto markets continue their recent downward trend, but what's behind the dip? Fairlead Strategies Technical Analyst Katie Stockton shares insights into the key support and resistance levels to watch for signs of a bullish breakout, along with short-term and long-term price targets.
El Salvador's Bitcoin Bond Specifications
New data shared by El Salvador President Nayib Bukele reveals his plans to issue a $1 billion “Bitcoin Bond” with a 10-year maturity on the Liquid Network. Half of the money raised will be used to purchase bitcoin, and the rest will fund construction of a new ”Bitcoin City” along the Gulf of Fonseca near a volcano. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
El Salvador to Raise $1B via 10-Yr 'Bitcoin Bond' in Partnership With Blockstream
El Salvador President Nayib Bukele announced he would create an entire new city based on bitcoin and also issue a $1 billion "bitcoin bond" with Blockstream. Yet, bitcoin's price has since retreated and is down over 5% on the day. "What Bitcoin Did" Host Peter McCormack discusses his thoughts on the bitcoin bonds and why he's "not surprised" that "Bitcoin City" did not boost BTC's price.
Bitcoin Struggles at $60K Resistance, Support Above $53K
BitBull Capital CEO Joe DiPasquale discusses his crypto markets analysis and outlook as upsides look limited for bitcoin around the $60,000 resistance level. Plus, his reactions to El Salvador's "Bitcoin City" announcement and U.S. President Joe Biden nominating Jerome Powell as Federal Reserve Chairman for a second term.
El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto
El Salvador plans to build “Bitcoin City,” an entire city based on bitcoin located along the Gulf of Fonseca near a volcano. President Nayib Bukele also said he plans on issuing a $1 billion “bitcoin bond,” a tokenized financial instrument developed by Blockstream on the Liquid Network.
