Bitcoin is down 10% on the week.
The price started moving downward last Thursday evening.
Eventually hitting $47,300 CAD on Monday.
On Monday afternoon, we saw the price action start to swing up.
Culminating with an 8% move up Wednesday night after the leak of Janet Yellen’s crypto notes.
Since then, the market has given back the crypto leak gains and the price is sitting around $50,000 CAD currently.
We’re keeping eyes on $43,500 CAD as support and $57,000 CAD as resistance. Neither level was tested in the past 7 days.
With respect to our other coins, it’s rare when they don’t follow Bitcoin. And this week was no exception.
If you’re looking to trade the latest market moves, click here to access your account.
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Winter is almost over (or so we hope) but we wanted to keep you cozy with our Bitbuy Toque and Insulated Bottles 🥶
5 LUCKY WINNERS will receive Bitbuy’s custom toques and bottles 🔥
Here’s how to enter:
1. Follow @bitbuy on Twitter
2. RT the giveaway tweet pinned to the top of our feed
1. Follow @bitbuy on Instagram
2. Like the giveaway post on the feed
The contest ends March 16th at 12PM EST.
Self-custody (or cold storing your crypto) provides complete control of your crypto via a personal private key.
This can leave you exposed to theft or loss (human error).
But, if now is the time to self-custody your crypto or you just want to learn more…
⬇️ Check out our recently updated cold storage guide ⬇️
Read The Guide
I hear two things are certain in our lives – Death and Taxes. Bitbuy can’t solve either.
But, we can potentially help make your 2022 tax situation a little clearer. Hence why we created our Canadian Tax Guide for 2022.
So, give it a read when you have a minute.
Check Out The Tax Guide