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” BTC price approaches $32K as analyst warns of ‘boring’ summer for Bitcoin “ Bitcoin (BTC) retained new higher levels at the June 6 Wall Street open after BTC/USD snapped a nine-week losing streak. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks could take BTC as high as $37,000 Data from Cointelegraph Markets Pro and…
” 5 reasons why Bitcoin could be a better long-term investment than gold “ The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect against volatility and a possible decline in the value of the United States dollar. For years,…
“Sheryl Sandberg sold Meta shares worth $1.7B over last decade: report” Outgoing Meta Chief Operating Officer Sheryl Sandberg has reportedly sold a fortune in company shares during her 14-year tenure at the social media giant formerly known as Facebook. Sandberg, 52, was a fixture at Facebook over the last 14 years and played a key…
” $32K Bitcoin price could turn the tides in Friday’s $160M BTC options expiry “ Twenty-three agonizing days have passed since Bitcoin (BTC) last closed above $32,000 and the 10% rally that took place on May 29 and 30 is currently evaporating as BTC price retraces toward $30,000. The move back to $30,000 simply confirms…
“Microsoft cuts earnings, sales forecast due to strong dollar” Microsoft Thursday cut its fourth-quarter forecast for profit and revenue, making it the latest US company to warn of a hit from a stronger greenback and sending its shares down 1.5% in midday trading. A hawkish Federal Reserve and heightened geopolitical tensions have driven a 14% gain in the dollar…
” Bitcoin price broke to the upside, but where are all the leveraged long traders? “ This week’s Bitcoin (BTC) chart leaves little doubt that the symmetrical triangle pattern is breaking to the upside after constricting the price for nearly 20 days. However, derivatives metrics tell a completely different story because professional traders are unwilling…
” Axie Infinity V-shape recovery fizzles as AXS price drops 20% from three-week high “ Axie Infinity (AXS) price dropped sharply on June 1, suggesting that its supersonic gains in the last two days might have been a part of a bear market rally. The AXS/USD pair soared 54% week-to-date to over $28 on May 31,…
” Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish “ On May 30, the total crypto market capitalization gained 4% and currently is within reach of a $1.3 trillion market capitalization. The move was enough to erase the losses from the previous seven days and was driven mainly by Bitcoin’s…
” ‘Mega bullish signal’ or ‘real breakdown?’ 5 things to know in Bitcoin this week “ Bitcoin (BTC) is bouncing back this week as a sudden surge challenges weekly highs. In what should provide some desperately needed confidence to bulls, BTC/USD is back at weekly highs on May 30, gaining several percent overnight. In contrast to…
” Bitcoin price action decouples from stock markets, but not in a good way “ This week the stock markets began to flash a little green and Bitcoin (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the Nasdaq Composite tech-heavy stock market index is up…