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” Bitcoin drops to $35.5K as 1,000 point Dow correction marks the worst trading day since 2020 “ Global financial markets plunged into disarray on May 5 as the Dow Jones saw a 1,063 point drop and Bitcoin (BTC) price plummeted to $35,571 on Binance. The widespread weakness comes as traders have had more time…
” Descending channel pattern and weak futures data continue to constrain Ethereum price “ Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern’s $2,870…
” Bitcoin price hits 10-week lows as $40K spike becomes ‘nasty bull trap’ “ Bitcoin (BTC) hit its lowest level in over two months later on May 5 as Wall Street trading saw volatility return with a bang. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView DXY celebrates as stocks, crypto tumble Data from Cointelegraph Markets…
” Here’s why blue-chip NFT prices continue to soar nearly a week after the Otherside mint “ In May 2021, OpenSea closed out nearly $140 million in total volume. Fast forward a year and the most dominant nonfungible token (NFT) marketplace closed over $880 million in less than a week partially because of the Yuga…
” SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy “ Anthony Scaramucci, the founder of the hedge fund SkyBridge Capital, thinks that the next United States presidential candidate will likely be pro-cryptocurrency, given that the U.S. Securities and Exchange Commission (SEC) recently announced the approval of a fourth Bitcoin (BTC) futures exchange-traded fund (ETF)….
“Dow falls 1,200 points as ‘relief rally’ over Fed plan fades” Stocks cratered in trading Thursday, logging their worst day since 2020 as Wall Street grew skittish over the Federal Reserve’s high-wire effort to combat inflation without derailing the US economy. The Dow Jones Industrial Average plunged 1,063.09 points, erasing more than 3% of its…
” Bitcoin falls toward $38K as stocks abandon Fed ‘reactionary rally’ “ Bitcoin (BTC) lost almost $1,000 in the first hour of Wall Street trading on May 5 as a brief rally ended in disappointment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Nasdaq drops 4% on post-Fed open Data from Cointelegraph Markets Pro and TradingView followed…
” Avalanche rebounds 25% in five days as AVAX price tests key level — big rally ahead? “ Avalanche (AVAX) has rebounded strongly five days after testing a key inflection area as its support. Now, the AVAX/USD pair faces the possibility of continuing its upside retracement move further into Q2. A 30%-plus move ahead? AVAX’s…
” DOT rallies 12% in a day as Polkadot gears up to solve a major blockchain hacking problem “ Polkadot (DOT) price ticked higher in the past 24 hours on anticipations that its new cross-chain communications protocol would solve a long-standing problem in the blockchain sector. DOT price gains 12% on XCM launch Bulls pushed DOT’s…
” Bitcoin trader keeps $40.8K BTC price target amid warning over risk asset ‘pain trade’ “ Bitcoin (BTC) consolidated below $40,000 on May 5 after United States economic policy excitement saw a spike to one-week highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed sparks little crypto reaction Data from Cointelegraph Markets Pro and TradingView confirmed…