In late March/early April, the bitcoin futures basis had mounted an impressive recovery that pushed sentiment back into the positive. This had come after months of a declining futures basis, so this recovery was a welcome development in the market. This would prove to be short-lived, however, as the futures basis had taken a sharp …
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The price of Ethereum (ETH) was in bad health on Tuesday, falling almost 6% to the south and breaking below $2,800. Bulls, on the other hand, were waiting to jump in and buy ETH at a steep discount. The price of Ethereum is up 2.5% in early trading and appears to be heading back to …
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A popular crypto strategist says he still expects Bitcoin (BTC) to ignite a strong rally by the end of the year, noting that the current bearish price action is designed to shake traders out of the market. Pseudonymous analyst Credible tells his 328,200 Twitter followers that BTC is going through its last corrective phase before …
Widely followed crypto analyst Michaël van de Poppe says Bitcoin (BTC) is behaving similar to mid-2020 right before it kicked off a massive bull run that ultimately took it to new all-time highs. The analyst tells his 588,000 followers on Twitter that uneventful price action, such as what BTC traders are currently witnessing, is one …
A popular crypto analyst says the correlation between tech stocks and Bitcoin (BTC) has been “exceptionally high” in the past few months. In a new video, crypto analyst Benjamin Cowen tells his 729,000 YouTube subscribers that BTC is trading below its bull-market support band against the dollar. The bull-market support band is a technical indicator …
The supply dynamics of Bitcoin (BTC) will need to change in order to decouple from equities, according to popular on-chain analyst Will Clemente. In a new Blockware Intelligence Newsletter, Clemente notes that BTC has demonstrated an “extremely high” correlation to the Nasdaq 100 recently. “Below you can see the 1D correlation of BTC to [Nasdaq] reaching …
You’ll never have an excuse to miss another governance vote if the decentralized autonomous organization (DAO) calls or texts to badger you to vote. The Notifi Network is banking on this concept to help improve abysmal participation rates in governance votes. Launching with Solana DAOs, it combines popular centralized methods used by the Web3 community …
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The crypto community headed to Nassau in the Bahamas this week for the inaugural Crypto Bahamas conference. Like most conferences, panels fill up the agenda and on Wednesday the topics at Crypto Bahamas ranged from NFTs to crypto in sports and to asset allocation in Web3. During one particular conversation, titled Evolution of NFTs: Culture, Utility …
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Mexico’s Senate building now houses the country’s 14th Bitcoin (BTC) ATM, a sign of the country’s increasing interest in Bitcoin. The ATM was installed on Tuesday with the support of several legislators, including Miguel Angel Mancera, head of the parliamentary group of the Party of the Democratic Revolution (PRD). Senator and outspoken crypto enthusiast Indira …
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Major United States-based payment processor PayPal will reportedly be closing its office in San Francisco, while the headquarters in nearby San Jose will remain available to employees. According to a Wednesday report from TechCrunch, the payments firm will be closing its offices in downtown San Francisco with its Xoom arm — the division responsible for …
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Bitcoin Recovers above Recent Support but Stuck Below $39.4K– April 27, 2022 Bitcoin has fallen to crucial support above the $37,000 price level but it is stuck below $39.4K. Incidentally, the bulls have been defending the support vigorously since February. For instance, on February 24, the bears broke below the $37,000 support to reach the …
Continue reading “Bitcoin Price Prediction for Today April 27: Bitcoin is stuck below $39.4K”
Standard Chartered is the latest global bank to enter the burgeoning metaverse space via a partnership between its Hong Kong subsidiary and The Sandbox, according to a press statement released on April 25. According to the statement, the bank became the first bank to acquire “virtual land at The Sandbox metaverse’s Mega City district.” StanChart …
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Sweden’s postal services company PostNord is taking the process of recruiting employees a notch higher. The firm has teamed up with Stockholm-based metaverse company Warpin to train its staff in the metaverse. Sweden’s PostNord uses virtual reality headsets to train its employees pic.twitter.com/wAieKvN2OC — Reuters (@Reuters) April 27, 2022 PostNord and Warpin have created a …
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Crypto-linked exchange-traded products (ETP) are the rage in the industry, and 21Shares has taken that a notch higher by launching a Bitcoin and gold ETP, which is the first combined ETP and will be trading on the SIX Swiss Exchange, according to a Financial Times report. The ETP is listed with the BOLD ticker and …
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The New York State Assembly has passed a mining moratorium bill to pause all crypto mining development for two years. The essence of the moratorium is to give the state enough time to examine the impact of mining in the state. Two-year moratorium on carbon-fueled mining Assemblymember Anna Kelles sponsored the Bill designed to prevent …
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