However, if we want to continue, I’d prefer to see $29.75K hold as support here. Chartist Ali Martinez said the upside potential for Ethereum in the current scenario is limited at $2,150 to $2,550 levels. …Read the full story
What Happened: Blockchain data for the number of Bitcoin addresses holding at least 10,000 BTC — worth nearly $300 million — just exceeded 100 and reached 101, a 16-month-high. A separate Sunday tweet by Glassnode alerts shows that the amount of Bitcoin’s supply that was not moved for at least 10 years reached an all-time high of nearly […]
As of this writing, Bitcoin is worth approximately half of what it was six months ago and remains incredibly volatile. Predictably, those who didn’t believe in cryptocurrency are coming close to outright gloating. The latest corporation to join a litany of “those who accept Bitcoin as payment” is Gucci; the fashion giant announced last week […]
Shares of crypto-related stocks, including Coinbase Global Inc COIN and Marathon Digital Holdings Inc MARA, are trading lower after Coinbase announced a hiring freeze and Gemini announced layoffs amid crypto market conditions. Early Friday morning, New York lawmakers passed legislation banning certain bitcoin mining firms from using carbon-based energy sources. …Read the full story
Why It Matters: Selling pressure was high on Monday, especially with tech stocks, as investors shed stocks, bonds and commodities. …Read the full story
With #Bitcoin now having retraced all the way down to $33.9k, trader sentiment has fallen to six week lows. …Read the full story
The apex crypto has been ranging between about $48,000 and $33,000 since the start of 2022. What Happened: Bitcoin has been falling since the beginning of the year, dropping from $47,881.41 on Jan. Bitcoin spent most of the months of March and April in a range, marking its current high for 2022 on March 28, […]
What Happened: Data provided by on-chain analysis firm Glassnode shows that Bitcoin’s reserve risk has returned to the “green zone” again, with a current value of 0.00207507 — an 18-month low. …Read the full story
Shares of several popular altcoins, including Bitcoin Gold BTG/USD, are trading lower Thursday amid overall market weakness as traders continue to digest Wednesday’s Federal Reserve rate hike announcement. …Read the full story
The Federal Reserve is expected to raise its fed funds target rate by half a percentage point on Wednesday. The index is off of its Thursday highs of 103.93 when it touched a 20-year peak. Van de Poppe sees the dollar index retreating to the 100 levels in a chart that he shared on Twitter. […]
Most high networth cryptocurrency traders hold their funds on a hardware wallet, as these devices offer better security than cryptocurrency exchanges. It’s unlikely that the investor plans to hold their crypto on Gemini, as the security risks of holding large amounts of cryptocurrency on an exchange are higher than holding these assets in a hardware […]
Ahead of The Federal Open Market Committee meeting on Wednesday, where investors are watching for a possible 75 basis point interest rate hike, the dollar index — a measure of the U.S. “The market has priced in a strong start to the rate hiking cycle, but the big question is how aggressive they will be with […]
“Bitcoin’s fundamentals are starting to weaken as crypto retail and institutional interest is waning. …Read the full story
As cryptocurrency Bitcoin BTC/USD gains in price and interest from investors and people new to the sector, the coin is gaining more use cases from companies. …Read the full story
Buffett said that inflation could make the $20 bill worth less in terms of purchasing power. …Read the full story
