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Bitcoiners worldwide strongly disagreed with prominent angel investor Jason Calacanis’ “build a better Bitcoin” comment, arguing that layer-2s can fill any functionality gaps. A technology investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin community after claiming Bitcoin will inevitably be replaced by something better. “Bitcoin has been…
Analysts say Bitcoin’s inflation-hedging ability is uncertain in developed economies but more effective in emerging markets. For years, inflation was primarily a concern for emerging markets, where volatile currencies and economic instability made rising prices a persistent challenge. However, in the wake of the COVID-19 pandemic, inflation became a global issue. Once-stable economies with historically…
Understanding and recognizing the megaphone pattern can aid traders in anticipating market movements and making informed trading decisions. The Bitcoin megaphone pattern features at least two higher highs and two lower lows, forming an expanding structure. Connecting these highs and lows with trendlines creates a megaphone-like appearance, reflecting market instability. The formation signals heightened volatility,…
A crypto researcher says that Bitcoin’s price chart shows “little evidence to support a strong price recovery” in the near term. 10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent the majority of the year consolidating after hitting all-time highs early on. “Very possible,” Markus Thielen told…
The White House confirmed David Sacks and his VC firm took “significant steps” to avoid conflicts of interest by selling crypto and related stocks before Donald Trump’s inauguration. David Sacks and his venture capital firm sold over $200 million in crypto and crypto-related stocks before he commenced his role as the White House AI and…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Argentina has introduced new rules for crypto firms. Meanwhile, in the United States, a new bill seeks to formalize former President Donald Trump’s executive…
Authorities in the United Kingdom alleged a National Crime Agency officer stole 50 Bitcoin in 2017 during an investigation. The agency responsible for conducting criminal prosecutions in England and Wales announced that a National Crime Agency (NCA) officer was due to be charged with the alleged theft of Bitcoin worth roughly $75,000 in 2017. In…
US tariffs amplify Bitcoin’s volatility, but there could be a silver lining for BTC price. In the first three months of his presidency, Donald Trump has ignited trade tensions by announcing tariffs on Canada, Mexico, and China and the result has been unexpected turmoil in US and global markets. The fallout from the tariffs has…
Interest rate cuts and expansions of the monetary supply have a positive effect on asset prices, especially Bitcoin and other cryptocurrencies. The latest US core Consumer Price Index (CPI) print, a measure of inflation, came in lower than expected at 3.1%, beating expectations of 3.2%, with a corresponding 0.1% drop in headline inflation figures. According…
Key onchain metrics reveal that Bitcoin’s downtrend may continue with a classic bearish continuation pattern suggesting BTC price could go as low as $63,000. Bitcoin (BTC) tapped $83,700 during the early Asian hours on March 12 after reaching a low of $76,600 on March 11 amid a slight improvement in market sentiment. BTC/USD facing rejection…