After Monday’s pullback, van de Poppe posted a follow-up tweet addressing the rejection at $43,000 and offering insight into what level to keep an eye on as the next support. …Read the full story
While some consider the DXY event a temporary show of strength, its impact on crypto markets was clear. Traders can borrow Tether to open a leveraged long position, whereas Bitcoin borrowers can only short the cryptocurrency because they are betting on its price declining. Crypto traders are usually bullish, so a margin lending ratio below […]
In Asia, the Hang Seng closed down 3% on the day in Hong Kong, while the Shanghai Composite Index finished 2.6% lower. Crypto veterans, however, increasingly held a different view. Rather than raising rates and reversing asset purchases to deal with inflation, central banks would in fact have no choice but to continue their previous […]
There is a feeling of being caught between two stools for the average hodler currently — macro forces promise major trend shifts but are being slow to play out. In doing so, the largest cryptocurrency, likewise, gave up all of its gains from the intervening period to fall back to the top of its trading […]
“The moment the DXY is topped out , the next bull run will start. DOGE/USD reached $0.158, marking its highest since April 6 on the back of continued publicity from Tesla CEO Elon Musk. …Read the full story
They’ve all been saved by Bitcoin mining. Sustainable Bitcoin mining company Merkle Standard has taken Bitcoin mining education into its own hands. Bitcoiner Business Cat, who wishes to remain nameless, uses the heat vented by Bitcoin mining to dry out meat to be made into beef jerky. Thanks to immersion heating, Bitcoin now powers up […]
According to a Friday post from 60 Minutes’ Twitter account, the investigative news show will air a segment on the crypto-friendly area of El Zonte, a village located in El Salvador where residents and visitors have been able to use Bitcoin to pay for anything from utility bills to tacos. The Bitcoin Beach project preceded […]
As lower levels get revisited, calls for $40,000 or even lower are emerging, but for Decentrader, the zone for bulls to hold is already here. How low Bitcoin could go, however, may well depend on liquidity grabs. …Read the full story
Salinas, whose net worth is estimated to be roughly $12.8 billion, was an early investor in Bitcoin. Earlier in the day, Samson Mow, the former chief strategy officer of Blockstream, announced two new jurisdictions would be moving to adopt Bitcoin as legal tender. El Salvadoran president Nayib Bukele was scheduled to speak second-last on Thursday. […]
“BTC is in the process of trying to turn the ~$43,100 area into support. …Read the full story
Some analysts argue that Bitcoin rallied too fast and too soon and the weakness that we see on April 7 is a result of that. Not everything has been negative for Bitcoin because the cost of moving Bitcoin across the network has hit decade lows, according to research by Galaxy Digital. For example, if Bitcoin’s […]
Now, however, the price action is less predictable. Central bank tightening, if successful, should logically pressure risk assets. Further out, the status quo could change once the initial shock of these events subsides. …Read the full story
With just a few days to go, however, Bitcoin is currently down about 3.31% over the past 24 hours and around 6.51% for the week. Santiment demonstrated that traditionally after each halving, a bull market took hold where price began to increase along with network activity, followed by a dramatic climax in price leading to […]
3, 2021, Bitcoin initiated a 25.6% correction that lasted 18 hours and culminated with a $42,360 low. Much has changed over that period, and hard evidence comes from other sections of the sector. These investment vehicles in Canada have increased their holdings by 6,594 BTC since January to a historical high of 69,052 BTC under […]
In a potential countermove, the U.S. …Read the full story
As a decentralized stablecoin, anyone can “mint” UST by burning $1 worth of another decentralized asset, Kwon explained. …Read the full story
Fellow account Crypto Rover noted the significance of the 200-day moving average that Bitcoin was attempting to break through. The firm’s Bitcoin treasury thus stood at 129,218 BTC, still by far the largest in the world. …Read the full story
No such spot Bitcoin ETF is currently available in the United States, but the metrics show that investors are hungry for the Canadian product. Shrimps are investors who hold 0 to 100 BTC, while whales are those who hold 1,000 to 10,000 BTC. …Read the full story
