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” $29K Bitcoin is closer than you might expect, according to derivatives data “ Bitcoin (BTC) price continues to battle at the $24,000 resistance and the price was rejected there on Aug. 10, but the rejection was not enough to knock the price out of the 52-day-long ascending channel. The channel has a $22,500 support…
” Bitcoin price sees $24K, Ethereum hits 2-month high as US inflation shrinks “ Bitcoin (BTC) regained $24,000 but failed to hit new multi-month highs on Aug. 10 as United States inflation appeared to be slowing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI cuts risk assets much-needed slack Data from Cointelegraph Markets Pro and…
” Bitcoin braces for US inflation data as CPI nerves halt BTC price gains “ Bitcoin (BTC) hit multi-day lows into Aug. 10 as crypto traders braced for impact with fresh United States inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Market “could get ugly” if CPI keeps rising Data from Cointelegraph Markets…
” Total value locked in DeFi dropped by 66%, but multiple metrics reflect steady growth “ The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the current $70 billion, which is the lowest level since…
” Bitcoin dominance hits 6-month lows as metric proclaims new ‘alt season’ “ Bitcoin (BTC) is facing fresh competition from altcoins this month as data shows that — technically — it is already “alt season.” Figures from CoinMarketCap and TradingView show that BTC currently makes up around 41% of the overall crypto market capitalization —…
” Bitcoin realized price bands form key resistance as bulls lose $24K “ Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin navigates whale price ladder Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling under the $24,000 mark overnight after…
” Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst “ Bitcoin is likely to transition from a risk-on to a risk-off asset in the second half of 2022, as the macroeconomic environment is rapidly shifting towards a recession, said Mike McGlone, senior commodity strategist at Bloomberg, in a recent…
” Metaverse housing bubble bursting? Virtual land prices crash 85% amid waning interest “ The metaverse sector is witnessing its very-own housing crisis moment, thanks to massive declines in the prices of its virtual lands in 2022, led by waning users’ interest and a crypto bear market. Land sales plunge 85% in 2022 In particular,…
” Top 5 cryptocurrencies to watch this week: BTC, FLOW, THETA, QNT, MKR “ The United States jobs data on Aug. 5 was above market expectations, indicating that inflation has not cooled down. The strong numbers reduce the possibility that the U.S. Federal Reserve will slow down its aggressive pace of rate hikes. After the…
” Elon Musk: US ‘past peak inflation’ after Tesla sells 90% of Bitcoin “ Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked. Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only…