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Bitwage now serves over 4,500 companies and 90,000 users that leverage its platform to pay employee salaries in Bitcoin and crypto. Bitwage is on track to process over $400 million in payroll transactions this year.
The recent Bitcoin price crash below $90,000 came as a shock to the broader crypto community, especially amid expectations of a continued bull market rally. Despite the volatility and ongoing declines, a crypto analyst projects an even greater crash, suggesting that Bitcoin could fall as low as $63,000 if a certain resistance level holds. TradingView crypto analyst Alixjey has declared that the Bitcoin price must break past $99,500 to continue moving higher. He highlights that if this resistance holds and Bitcoin fails to break it, the pioneer cryptocurrency will likely face a steeper price decline to new lows of $63,000. The last time Bitcoin was around the $60,000 range was during its massive price rally in 2024 after the launch of Spot Bitcoin ETFs. Considering that Bitcoin has risen as high as $104,000 at one point this year, a crash toward $60,000 would be a devastating blow to investors and its market. Bitcoin Price Crash Imminent The TradingView analyst shared a chart suggesting that Bitcoin could rise as high as $106,000 or drop toward the $60,000 to $65,000 range if it fails to break resistance. This price drop is highlighted as a strong buying and accumulation opportunity for long-term investors, as it presents a low entry point into the market. Related Reading: Bitcoin 77% Correction To $25,000, Will History Repeat Itself During its price highs, many retail investors were likely unable to buy Bitcoin due to its increasing cost. Most accumulations were from whales who had purchased millions of dollars worth of Bitcoin in one swoop. Alixjey has also labeled his projected $60,000 – $65,000 downturn as the last chance to re-enter the Bitcoin market, emphasizing that it was a prime HODLing point for potential profits in Q3 and Q4 of 2025. This implies that the analyst anticipates a price rebound in Bitcoin later in the year. Moving on, the TradingView expert highlighted two liquidity levels in the 4-hour timeframe that are likely to be cleared soon. He also acknowledged that he was solely bearish on Bitcoins price outlook, indicating that his projected short-term pullback will not be invalidated unless the cryptocurrency crosses the resistance between $94,000 and $98,000. Other factors that could contribute to Bitcoins already heightened volatility are the Non-Farm Payroll (NFP) data. AlixJey predicts that once released, this data could lead to high volatility in both stocks and crypto. He urges investors and traders to be cautious, as major economic reports often influence market movements. Analyst Sees Upside Potential After BTC Crashes Due to Bitcoin’s recent declines, many analysts have shared bearish projections of the cryptocurrency, expecting a severe price correction before a potential recovery. One such analyst is Herbert Sim, the Chief Marketing Officer (CMO) of AICean. Related Reading: Bitcoin Price Suffers Bearish Deviation After Filling CME Gap, Is This Good Or Bad? Sim projects that Bitcoin will crash to new lows, especially with the recent approval of a crypto reserve in the United States (US). He expects a crash to $40,000 but highlights that it will be short-lived, spanning from weeks, months, and possibly years. However, the AICean CMO suggested that investors who can HODL for the long-term are likely to see more profits once BTC rebounds from bearish trends. Featured image from Adobe Stock, chart from Tradingview.com
Volatility among some fiat currencies has made stablecoins like USDC a more attractive option for payroll, according to HR executives.
American venture capital investor Tim Draper warned business founders to prepare for "more and more" bank failures if the government continues to "print money and whipsaw interest rates."
Cryptocurrency exchange Luno fired 330 employees on Jan. 25, joining other DCG companies in cutting headcounts.
People who find remote employment abroad now have the option of being paid in Bitcoin, Ethereum, or stablecoins.
BTC price action stays in familiar territory as analysts discuss the true nature of estimate-beating payroll data.
The payroll provider will leverage the wallets of Casa and Edge to streamline and automate payroll in bitcoin for businesses and governments.
The update brings a redesigned dashboard and new features for employers and workers seeking to pay and get paid in bitcoin.
The trend of blockchain adoption is set to continue in 2022. Here are three sectors that are likely to pivot toward DLT solutions.
The bitcoin payroll company teamed up with Voltage and ACINQ to process the world’s first Lightning payroll.
Employers using payroll providers like ADP, Paychex and Paycom can now utilize Bitwage to easily pay their employees in their preferred currency.
Wider economic and stock market-related issues are impacting Bitcoins softening price, but futures market data shows traders still feel bullish.
Bitcoin (BTC) stuck to a narrow trading range into April 7 as crypto analysts awaited the week’s main United States macroeconomic data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 or $25,000 for Bitcoin? Data from Cointelegraph Markets Pro and TradingView confirmed another day’s ranging around $28,000 for BTC/USD. The pair had shunned volatility over [...]
The post $30K BTC price target stays valid as ‘boring’ Bitcoin heads into US jobs data appeared first on Crypto Breaking News.
Bitcoin price action does not warm to nonfarm payrolls numbers as analysts predict the Fed continuing to hike interest rates in May.
Cardano ended a four-day losing streak on Friday, as markets responded to the latest U.S. nonfarm payrolls (NFP) report. Payrolls in May rose to 339,000, which was significantly higher than the expected sum of 190,000. Solana collided with a key resistance level in today’s session. Cardano (ADA) Cardano (ADA) was one of Friday’s notable gainers, [...]
The post Biggest Movers: ADA Snaps Losing Streak as Nonfarm Payrolls Beat Expectations appeared first on Crypto Breaking News.
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