Tag: Cointelegraph

The cryptocurrency market has experienced another rollercoaster week that saw Ether price hit a new multi-month low at $37,700. …Read the full story

It’s good to wait for confirmation first if you decide to take the trade, IMO,” popular Twitter account Daan Crypto Trades argued. However, with limited movement on Bitcoin, itself, attention was fully focused on the dollar, which continued to outdo itself as the U.S. “The parabolic rally by DXY does not bode well for risk-on […]

Where Bitcoin could go from here, however, is not obvious given this month’s price trend. Regardless of direction, volatility is all but guaranteed thanks to the upcoming monthly close. Concluding, Material Indicators brought whales into the picture. …Read the full story

The situation is complex. Since the end of the 1990s, a virtuous circle has seen China sell cheap goods to the West in return for its fiat currency, which is then sent back to importers in return for government debt. Disruption to supply chains, inflation and now the risk of asset confiscation is now changing […]

Up until April 25, Bitcoin bulls had been defending the $38,000 level, but bulls were caught off-guard by the recent drop. Regulatory concerns continue to pose a threat to Bitcoin and on April 26, the New York State Assembly passed a bill banning new proof-of-work cryptocurrency carbon-based mining facilities in the state. For instance, if […]

The bill must be approved by the Chamber of Deputies and then signed off by President Jair Bolsonaro to become law in the country. …Read the full story

…Read the full story

In mid-March, the 20-WMA crossed under the 50-WMA, data from Cointelegraph Markets Pro and TradingView shows, in what is commonly known as a “death cross” move among chartists. For LeClair, it is very much a case of short-term pain, long-term gain for BTC hodlers. …Read the full story

Bitcoin remains below $40,000 for the third consecutive day and the most likely source of the volatility is the worsening condition of traditional markets. Despite Bitcoin’s 4-day price 10% correction to $38,200 on April 25, most holders choose to stay hands-off, as confirmed by on-chain data from Glassnode. To understand whether the market has flipped […]

Downside momentum had increased after Asian stocks lost heavily over Coronavirus concerns in China. After previously voicing opposition, Twitter’s board could agree with the deal, which would see Musk acquire the company for $43.4 billion, later on April 25. …Read the full story

HODL Waves, a Glassnode indicator showing hodled coins of all ages, meanwhile confirms the trend. …Read the full story

Bitcoin and several altcoins are trading in a tight range during the weekend, suggesting that investors are undecided about the next directional move. In addition, the European Central Bank is expected to raise rates for the first time since 2011, according to a Reuters source. Bitcoin broke below the psychological support at $40,000 on April […]

In this case, you’ll need a wallet that specifically supports Bitcoin — one that allows you to send and receive Bitcoin. They look like traditional ATMs, but they allow you to deposit or withdraw cash in exchange for Bitcoin. Bitcoin ATMs are not as common as typical ATMs yet, so you might not find one […]

…Read the full story

The European corporate bond market’s ongoing selloff has reached historic proportions, w/high-grade bonds losing a record 8.6% in total return terms since their Aug peak. …Read the full story

Bitcoin  price flashed bullish for a brief moment, possibly tricking some traders into opening longs before plunging back below $40,000 in evening trading hours. Despite all the macro factors affecting global financial markets, Bitcoin remains “stuck in the middle of its $35,000 to $45,000 range,” according to David Lifchitz, managing partner and chief investment officer […]

According to the University of Cambridge’s Bitcoin Electricity Consumption Index, Bitcoin mining currently consumes roughly 139 terawatt hours of electricity every year. The EU’s Economic and Monetary Affairs committee recently voted against legislation calling for a ban on Proof-of-Work mining. …Read the full story

He set a target retirement goal of 1,000,000 euros, contributing 500 euros per month, every month. …Read the full story

With the Wall Street open still to come, upward momentum meant that the pair was now at its highest since April 10. Much stood in the way of a trip to $50,000 and reclaiming it as support. “So far, so good for Bitcoin,” Van de Poppe reasoned in his latest update, noting that the U.S. […]

…Read the full story