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“# Cardano leads tepid crypto market recovery ahead of Memorial Day ” Cardano’s ADA cryptocurrency was back in the spotlight Sunday, leading a tepid market recovery following news that the developer network was inching closer to launching smart contracts. Market update The combined value of all cryptocurrencies rose 4.4% on Sunday to $1.6 trillion, according…
“# Analyst says reclaiming $37,500 is Bitcoin’s crucial ‘line in the sand’ ” Bitcoin (BTC) price continues to limp lower as traders in the U.S. hit the BBQ to enjoy the upcoming Memorial Day holiday on May 31 and regulated futures and options markets like the CME are closed through the weekend. Data from Cointelegraph…
“# Bearish Bitcoin bites, fears of further falls, regulation woes build: Hodler’s Digest, May 23–29 ” Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in…
“# Forecasting Bitcoin price using quantitative models, Part 2 ” This is Part Two of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the market moves in bubbles, Part Three — the rate of adoption,…
“# Bitcoin dominance cycle suggests the 2017 crypto rally could repeat ” For the purposes of historical comparison, it’s also worth noting that the pattern of the dominance chart currently looks much like it did during the earlier part of 2017. As the markets have gone into meltdown since May 12, Bitcoin (BTC) dominance has…
“# 3 reasons why Polygon (MATIC) outperformed Bitcoin and major cryptos this week ” Polygon (MATIC) is on a tear. In the past seven days, it has gained 35% in the past seven days, outperformed every major cryptocurrency apart from Uniswap. There are several big reasons behind the strong uptrend of MATIC, including the growing…
“# Bearish signals grow as Bitcoin price drops to $35K and traders ignore the dip ” The cryptocurrency market faced a new wave of selling pressure on May 28 as Bitcoin (BTC) price dropped to $35,100 and traders seem generally disinterested in buy the dip ahead of the weekend. Despite the downside moves seen across…
“# Price analysis 5/28: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, ICP, UNI, BCH ” Earlier this week billionaire investor Carl Icahn’s told Bloomberg that he is considering entering crypto in a big way but this hardly made any difference to crypto prices. This is just another hint that the underlying sentiment is bearish and that crypto…
“# Bitcoin can still drop to $20K but holding remains winning strategy, data shows ” Unloading Bitcoin (BTC) spot positions when it starts crashing violently upon forming its all-time highs is a bad investment call, at least according to its historical price action. The flagship cryptocurrency’s eleven-year lifetime has seen it undergoing many bullish and…
“# Bank of Japan governor slams Bitcoin, calls BTC a speculative asset ” Haruhiko Kuroda, governor of the Bank of Japan, has joined the roll call of central bankers taking aim at Bitcoin (BTC) amid the current volatility. According to a report by Bloomberg on Friday, Kuroda argued against the value proposition of the largest…