According to analysts from Decentrader, Bitcoin needs to quickly reclaim the $37,500 level and ETH needs to hold $2,300 as support to avoid bull-market-ending price action. Bitcoin (BTC) price continues to limp lower as traders in the U.S. hit the BBQ to enjoy the upcoming Memorial Day holiday on May 31 and regulated futures and …
Continue reading “Analyst says reclaiming $37,500 is Bitcoin’s crucial ‘line in the sand’”
Recently, electric vehicle company Tesla announced plans to suspend Bitcoin as a means of payment. The decision represented a sudden reversal, as the firm initially decided to accept the cryptocurrency less than two months earlier. Tesla Cites Environmental Concerns Musk’s announcement indicated that Tesla chose to suspend payments due to the fact that Bitcoin mining …
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The Boston-based cryptocurrency finance firm Circle has announced the company has raised $440 million in financing in order to “drive market expansion and growth.” The investment was led by prominent finance firms like Digital Currency Group, Fidelity Management and Research Company, and FTX. Circle Reveals $440 Million in Financing Circle Internet Financial, Inc. has revealed …
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On May 27, the president of Bianco Research, Jim Bianco explained during an interview that he believes there’s a lot of upside potential when it comes to the crypto economy. Bianco said since 2017 he’s owned a basket of crypto assets like ethereum, but he doesn’t hold bitcoin. Bianco Research President Owns a Basket of …
PRESS RELEASE. Pandora Finance (https://pandora.finance/) announced that they have successfully closed their $2.4m seed round. The Pandora team received pledges from some of the most visible investors within the crypto space, and closed the round oversubscribed by manifolds. Overview of strategic investors The funding round concluded with Pandora selecting some of the most well respected …
The leading crypto asset bitcoin has seen its value drop more than 53% from its all-time high above the $64k handle, sliding to a low of $30k on May 19. While bitcoin is still down 25% during the last 30 days, it’s hard to forecast where bitcoin’s value is going from here. Although a number …
Bearish signals are growing in the crypto markets as tighter regulations and environmental concerns cast a dark shadow over Bitcoin. Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a …
Learn how pro traders use covered call strategies as a low-risk method to increase their Bitcoin holdings. Crypto traders are drawn to the market by its bombastic growth and lucrative opportunities to make a profit. However, not every investor is seeking volatility or using degenerate leverage levels to gamble at derivatives exchanges. In fact, stablecoins …
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Rebounding Moves weakened – May 29As currently being witnessed in most of all crypto-economies generally that they now face an uglier trading situation as paired with the US Dollar, that of Ethereum versus the US Dollar isn’t different. The crypto’s price rebounding moves weakened to trade around the level of $2,300 at about a -4.71% …
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The optimistic rollup network enjoyed had a popular, if rocky, beta launch. In a landscape of so-called scaling solutions primarily composed of sidechains and EMV-enabled competitors, one widely anticipated “rollup” layer 2 sidechain for Ethereum has finally arrived. Offchain Labs announced the launch of Abritrum One with a blog post late last night. Arbitrum One …
Continue reading “Layer 2 network Arbitrum ships guarded launch, attracts major DeFi protocols”
A recent market outlook published by Glassnode shows institutions are returning to the Bitcoin market after May 19 crash. Bitcoin (BTC) has crashed by around 44% from its all-time high of $64,899, signaling an end to its second-largest bull run that started in March 2020. Many analysts, including those from BiotechValley Insights, see “terrible technicals” …
While Bitcoin hodlers are seeing 2021’s gains slowly diminish, one consistent crypto trading strategy has delivered over 3,000% since Jan 3 — and BTC isn’t in the portfolio. What does a highly volatile asset class offer traders, beyond palpitations and the occasional heart attack? Opportunity. Nicole Wirick of Prosperity Wealth Strategies in Michigan summed it …
A deep dive into the three bubbles Bitcoin has faced during its existence, and how the BTC halving phenomenon impacts the price. This is Part Two of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — …
Continue reading “Forecasting Bitcoin price using quantitative models, Part 2”
The number of Ethereum addresses holding 0.01+ ETH has hit a new all-time high of 15.71 million This is indicative of growth in the Ethereum ecosystem through use of ETH or holding as an investment Ethereum investors keep locking their funds in the ETH2.0 contract that now has 5.179M ETH Ethereum’s $2k is the level …
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Bitcoin Price Prediction – May 29 Following the $40,000 break, BTC/USD is now dropping heavily after getting rejected at $37,348. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $27,000, $25,000, $23,000 BTCUSD – Daily Chart BTC/USD is now showing some signs of weakness after touching the high of …
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