Bitcoin remains the lame duck of the crypto market due to the prevailing price decline in traditional financial sectors. During the same time, the capitalization of the crypto market in dollars decreased by 13%, reducing the purchasing power of the initial capital by more than 20%. Speaking of Germany, for example, with its 7.6% price […]
Since then, some negative statistics have hit the news wires, adding to the scrutiny over the impact of Bitcoin mining on the environment. “These decisions are informed by our climate commitments. This year, a U.S congress sub-committee explored Proof-of-Work cryptos and their impact on the environment. At the time of writing, Bitcoin was down 0.75% […]
The crypto market is again increasing its correlation with the dynamics of stocks, or rather, it is guided by the high-tech Nasdaq index. The original plan, in which cryptocurrencies would become an alternative haven for capital outside of the traditional banking system, has not been tested by the military events in Ukraine. There is nothing […]
On Wednesday, the FOMC meeting minutes revealed the FED’s plans to reduce the balance sheet by $95bn per month. At the time of writing, Bitcoin was up by 0.84% to $43,540. Bitcoin will need to move through the day’s $43,940 pivot to make a run on the First Major Resistance Level at $44,754. In the event […]
Bitcoin will need to move through the day’s $46,024 pivot to make a run on the First Major Resistance Level at $46,666. In the event of another extended rally, Bitcoin could test the Second Major Resistance Level at $47,827 and resistance at $48,000. Failure to move through the pivot would bring the First Major Support Level […]
A bullish Sunday session, however, saw the Index move back to 52. At the time of writing, Bitcoin was down by 0.55% to $46,159. Bitcoin will need to move through the day’s $46,469 pivot to make a run on the First Major Resistance Level at $47,373. In the event of another extended rally, Bitcoin could test […]
According to CoinMarketCap, the total capitalization of the crypto market increased by 1.3% over the week, to $2.15 trillion. The FxPro Analyst Team emphasised that buyers manage to keep bitcoin from falling to the area of previous peaks near $45, turning the former resistance into effective support. In early April, the commemorative 19 millionth coin […]
The downtrend of Bitcoin showed up in late January 2022. Within the trading range between 33000-45500, the pullbacks of Bitcoin in February and March 2022 were accompanied by increasing of supply. It was worth to note that the test of the reaction in March formed a slightly higher low with decreasing of supply, which was […]
For LUNA, using Bitcoin as a reserve and a Bitcoin buying spree supported Saturday’s ATH. Since the LGF’s Bitcoin purchase, Terra’s total value locked has jumped by more than $12bn. The 100-day EMA also pulled away from the 200-day EMA, bringing resistance levels into play. …Read the full story
Historically, April is considered to be one of the best months for the benchmark crypto: during the past 11 years, Bitcoin gained in April eight times and declined only three times respectively. The FxPro Analyst Team emphasised that the local picture on the chart shows the advantage of bears, who managed to keep BTCUSD above […]
At the same time, the positive mood on the global stock markets sets up that we will already see a test of this important level today. The FxPro Analyst Team mentioned that now we will see the return of the bullish trend only after a couple of days of confident growth above the 200-day Moving […]
The upside was modest, however, as geopolitics continued to peg back Bitcoin and the broader market. Following Saturday’s slide back to 25/100 and fall into the Extreme Fear zone, the Bitcoin Fear & Greed Index rose to 27/100 and back into the Fear zone this morning. For the Bitcoin bulls, the Index will need to […]
By putting a price on pollution, the EU ETS provides a financial incentive for companies to cut emissions and invest in green technologies. …Read the full story
For an additional 0.37 Mexican pesos per kilometer, they can contribute towards the purchase of carbon credits for reforestation projects and a wind farm in Oaxaca to offset the emissions caused by their rides. Uber’s own climate report last year said the company avoided buying offsets as a primary strategy, instead emphasizing subsidies for its […]
On Tuesday, the flagship crypto posted its worst daily loss in nearly four weeks, putting an end to any hopes of a return to last week’s all-time high near $69k. There appears to be a limited downside for now into London trading hours based on short-term indicators. There’s some speculation that higher inflation might lead […]
The Dallas Mavericks owner ultimately revealed that he has been scooping up tens of thousands of dollars worth of carbon offsets at a time to support renewable energy. Cuban’s tweet received hundreds of replies, chief among which came from venture investor Chris Sacca. Sacca’s concern is that offsets will become just a smokescreen for actual […]
So what has happened to my EWP point of view? It has essentially remained the same, but the recent rally since then has left the door open for the Bears to sell BTC down to ideally $54-60K before the Bulls can declare victory. Figure 1A shows the Bullish option for BTC, which is still a […]
