Technical analysis suggests the Bitcoin bull phase is still intact

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto trader @JJcycles tweeted, “we’re still in a bull market,” accompanied by an Elliot Wave analysis of the Bitcoin price supporting this statement. However, technical analysis does have its limitations. And, against a backdrop of increasingly bearish macro sentiment, it would …

Biggest Movers: FTM, ETC Lead Crypto Gainers to Start the Week

ETC rose by over 10% to start the trading week, as prices rose to a two-week high on Monday. FTM also saw its value increase during today’s session, climbing by nearly 20% earlier in the day. Ethereum Classic (ETC) ETC was one of the most notable gainers during Monday’s session, as cryptos were mostly in …

Bitcoin Miners Expected to Catch a Break in 2 Days, Mining Difficulty Estimated to Drop Close to 4%

While Bitcoin’s hashrate has remained above the 200 exahash per second (EH/s) mark, over the last two weeks the network’s mining difficulty has been at an all-time high (ATH) at 31.25 trillion. However, after 289 blocks are mined or roughly two days from now, Bitcoin’s mining difficulty is estimated to drop 3.67% giving miners some …

Bitcoin, Ethereum Technical Analysis: BTC Climbs Above $30,000 as Balenciaga Greenlights Crypto Payments

Bitcoin rallied to above $30,000 to start the week, as bulls returned to crypto markets on Monday. The news comes as it was announced that fashion brand Balenciaga is set to accept crypto payments. ETH also moved higher on the news. Bitcoin BTC climbed to its highest point in four days earlier in today’s session, …

The World Economic Forum Is Worried About Safety in the Metaverse

The World Economic Forum (WEF), one of the most influential international institutions, has expressed its worries about the safety of metaverse dwellers, especially younger ones. The group has raised a number of concerns regarding the anonymity and safety of young individuals in this upcoming alternate world, and has given a number of recommendations to preserve …

Top 10 Cryptos to Buy and Hold in May 2022 Week 4

The crypto market began the final week of May 2022 on an uptrend. Crypto analysts believe that we might see assets recover some of their lost gains in the coming days. As a result, this might be an ideal time to discover the best coins to buy this week. We’ve provided a list of 10 …

Ripple Lawsuit Sees ‘Big Motion’ As Attorney Requests To Represent 67,000 XRP Holders: Crypto Legal Expert

A crypto legal expert is highlighting a major development in the U.S. Securities and Exchange Commission’s (SEC) ongoing lawsuit with payments firm Ripple Labs over allegedly issuing XRP as an unregistered security. Attorney and XRP supporter John Deaton has filed a letter requesting to represent 67,000 XRP holders. The move is a direct response to …

Analyst Says ‘Textbook’ Setup Forming for One Ethereum Rival, Predicts Point of Maximum Opportunity for Bitcoin

A popular crypto analyst says he’s bullish on one Ethereum (ETH) challenger that he thinks is flashing a “textbook” trade setup. The pseudonymous crypto trader known as Cantering Clark tells his 132,900 Twitter followers that decentralized application (DApp) platform Near Protocol (NEAR) has been trading within a narrow range in the last few days. “This …

Top Analyst Predicts Relief Rallies in Bitcoin (BTC), Ethereum (ETH) and One More Large-Cap Altcoin

A popular crypto analyst who continues to build his following with timely altcoin calls says that relief rallies are approaching for Bitcoin (BTC), Ethereum (ETH) and an additional large-cap crypto asset. The pseudonymous analyst known as Kaleo tells his 509,000 Twitter followers that Bitcoin is currently being greatly affected by sell-pressure in the equities markets. …

Monero enters ‘overbought’ danger zone after XMR price gains 75% in two weeks

Monero (XMR) price may witness a sharp pullback by June because its 75% rally in the last two weeks has left the gauge almost “overbought.” Monero price RSI meets rising wedge Downside risks have been mounting due to XMR’s relative strength index (RSI), which almost hit 70 this May 23, indicating that the market is …

Crypto inheritance: Are HODLers doomed to rely on centralized options?

Self-sovereignty is a core principle in the cryptocurrency space: Investors need to rely on a trustless, decentralized network instead of a central entity that has been known to devalue the holdings of others. One shortcoming associated with self-sovereignty, however, is inheritance. An estimated 4 million Bitcoin (BTC) has been lost over time and now sits …

Bitcoin price coma greets Wall Street open amid signs market ‘calling for rally’

Bitcoin (BTC) stayed glued to $30,000 on May 23 as the start of Wall Street trading failed to spark volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin to range before “real breakout?” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering in a tight trading range in place since before the weekend. The …

Litecoin confidential transactions spook Korean exchanges

The recent privacy-focused MimbleWimble upgrade on the Litecoin (LTC) blockchain has prompted two of Korea’s largest crypto exchanges to issue investment warnings about the fifth-largest cryptocurrency. Bithumb and Upbit, which together account for the majority of trading volume in South Korea, released statements on Monday, advising investors about the risks associated with the privacy-enhancing upgrade. …

GameStop Launches Self-custodial Wallet After Beta NFT Marketplace On Layer 2 Protocol Loopring

It’s an Ethereum wallet similar to MetaMask The wallet supports NFTs on GameStop’s beta marketplace powered by Loopring User can also store their preferred cryptocurrencies The wallet is available as a browser extension on the Chrome Web Store GameStop previously partnered with Immutable X The pair announced a $100 million fund in IMX tokens for …

Hackers Laundered Nearly $400,000 Worth Of Funds Using Beeple’s Hacked Twitter Account

Popular digital artist Beeple’s Twitter account was recently hacked The hackers managed to steal $400,000 worth of crypto funds by posting dubious phishing links via Beeple’s Twitter account Famous NFT artist Mike Winkelman, popularly known as Beeple’s Twitter account was recently hacked, resulting in users losing funds worth $70,000. Beeple’s Twitter account was hacked and …

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