Market Wrap: Bitcoin and Stocks Rise After Fed Raises Rates; Growth Concerns Ease – CoinDesk

Still, during a press conference on Wednesday, Federal Reserve ChairJerome Powell stated that the U.S. An increase in trader sentiment would require a rise in BTC’s price, with a gradual increase in trading volume and volatility. BTC is outperforming alternative cryptos so far this year, but gave up some of its lead in the past […]

Bitcoin’s ‘Mayer Multiple’ Nears Point of Undervaluation Ahead of Fed – CoinDesk

Such a price structure has been relatively rare in bitcoin’s 11-year history, making the 0.80 reading on the Mayer Multiple a point of undervaluation. “We have mapped out a Mayer Multiple of 0.8 as a historical ‘undervaluation’ level. “Bear market floors of past cycles are typically hammered out in two phases relative to the 0.8xMM […]

First Mover Asia: Bitcoin Minnows Are Resilient as Long-Term Whales Capitulate to Pressure

CRO and TRX each rose roughly 5% and ALGO jumped nearly 6% a day after announcing that it would become the official blockchain platform of FIFA, soccer’s world governing body. “The macro issues, whether it’s the Ukraine war, global supply chain issues and inflation that’s affecting every other country as far as leading the Fed […]

Bitcoin Stalls Below $40K Resistance; Support at $30K-$32K – CoinDesk

Momentum signals have weakened on daily, weekly and monthly charts, which increases the chance of a breakdown in price. Still, other technical indicators are neutral, which means intraday buying could be short-lived. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for […]

Bitcoin Lethargic as May Starts, Though Month Could Prove Pivotal – CoinDesk

A repeat in 2022 would be welcomed by bitcoin bulls, especially after April’s 17% rout – the cryptocurrency’s worst monthly performance so far this year. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by […]

Bitcoin Immune to ‘Sell in May’ Adage, if History is Guide – CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the […]