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“# Is Bitcoin in danger of losing $30K with Grayscale’s big GBTC unlocking in two weeks? ” Whether a potential sell-off of shares tied to a multi-billion dollar Bitcoin (BTC) investment fund could crash the cryptocurrency’s spot prices has turned into a hotly debated topic among the analysts in the space. Grayscale’s premium remains negative…
“# Trustless bridges may be the key to blockchain interoperability ” Crypto and blockchain enthusiasts take pride in belonging to a community that is working on the future of financial systems. Yet, the community is innately fragmented thanks to multiple blockchains working independently of each other. The dream of mass adoption of blockchain and decentralized…
“# Bitcoin mining difficulty just fell by a record 28% — But will this help BTC price recover? ” Bitcoin (BTC) has recorded its biggest mining difficulty drop of nearly 28% on July 3, but one model suggests that the BTC price will not bottom until October. In a series of tweets on July 2,…
“# Altcoin Roundup: Smart investors don’t just buy dips, they dollar-cost average ” Choppy markets have defined the crypto space since Bitcoin (BTC) sold off on April 19, and indecisive markets like these can test the patience and fortitude of even the most dedicated traders and analysts, especially when the incessant calls for a bottom…
“# Cambridge and IEA data shows bitcoin carbon intensity peaked last year ” According to publicly available data from the University of Cambridge Centre for Alternative Finance and the International Energy Agency, or IEA, bitcoin (BTC) carbon emission intensity may have already peaked. The environmental impact of bitcoin’s electricity usage is a favorite talking point…
“# Axie Infinity (AXS) and Waves make gains as Bitcoin flatlines below $34K ” Bitcoin (BTC) price remains relatively unchanged on the 24-hour chart, down 0.56% and trading around $33,200 at the time of writing. The overall cryptocurrency market traded flat on July 2 with the approach of the Fourth of July holiday weekend in…
“# Bitcoin spring? Wyckoff ‘groundhog’ indicates crypto winter may last another 6 weeks ” The Wyckoff Accumulation technical chart pattern has become the latest trending topic when anticipating where the price of Bitcoin (BTC) may go next. Some analysts have said that BTC’s recent dip below $29,000 signaled the “Spring” phase, which will soon be…
“# Stablecoins under scrutiny: USDT stands by ‘commercial paper’ tether ” The stablecoin market has been growing exponentially, and last week, Eric Rosengren — president of the Federal Reserve Bank of Boston — appeared to raise a cautionary flag. “There are many reasons to think that stablecoins — at least, many of the stablecoins —…
“# Bitcoin’s key momentum metric hints at bullish divergence as BTC clings to $33K ” A recent run-down in the Bitcoin (BTC) market faces the prospects of exhaustion before confirming a full-fledged bearish breakdown, so reflects a classic momentum-based oscillator. RSI forming higher lows Dubbed as Relative Strength Index, or RSI, the indicator measures the…
“# 44% of investors expect Bitcoin to drop below $30K in 2021: CNBC survey ” Throughout Bitcoin’s historic price surges and falls, investors have tried and failed to employ traditional markers to make sense out of the volatile trends. CNBC recently conducted a survey on a group of portfolio managers and equity strategists to understand…