Bitcoin has been dropping consistently for the past week and the crypto market has lost over $500 billion following this dip. Like with any crash, there have been the expected calls of ‘buy the dip’ from investors who believe that the dips are only temporary and that the digital asset will soon recover all of …
Continue reading “Bitcoin Discount? Peter Brandt On Why You Shouldn’t Buy The Dip”
On-chain data shows Bitcoin open interest and estimated leverage ratio metrics have continued to rise recently. This could mean that a short squeeze may be coming soon. Bitcoin Open Interest Rises Despite Decline In Price As pointed out by an analyst in a CryptoQuant post, the BTC open interest has shown uptrend over the past …
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Bitcoin starts yet another 2022 week in the red with a 2% loss in 24 hours and a 13.5% loss in 7 days. The benchmark crypto has been on a downtrend since the end of 2021 and could potentially dip further due to macroeconomic factors. Related Reading | TA: Bitcoin Key Indicators Suggest A Strengthening Case …
Continue reading “Bitcoin Keeps Bleeding And Nears $40K, 4 Scenarios For Q1 2022”
A closely followed crypto analyst has laid out how he thinks Bitcoin (BTC), Ethereum (ETH) and two other altcoins will bottom out and reverse into bull trends. The pseudonymous analyst known as Capo gives his 232,000 Twitter followers the potential bottoms on BTC and ETH, plus smart contract platforms Solana (SOL) and Cardano (ADA). “Potential …
Bitcoin (BTC) briefly reached its lowest level in five months this Monday at $39,650, marking a 42.6% drawdown from the all-time high present on Nov 22, 2022. Some argue that a “crypto winter” has already begun citing the $2.1 billion leverage-long aggregate crypto futures contracts that were liquidated over the past seven days. Bitcoin/USD price …
Monday marked the start of the TotalEnergies Africa Cup of Nations tournament — the largest men’s football championship series in Africa. At the same time, Binance announced its official partnership with the Confederation of African Football as well as its official sponsorship for the AFCON 2021 tournament, becoming the first crypto and blockchain sponsor for …
Continue reading “Binance sponsors AFCON to further develop crypto adoption in Africa”
On Monday afternoon, Andre Iguodala, three-time NBA champion and the professional basketball player for the Golden State Warriors, announced via Twitter that he would be taking a portion of his estimated $2.647 million annual salary in Bitcoin (BTC). In addition, Iguodala added that he will give out $1 million worth in BTC to fans to …
BTC Markets, the largest digital assets exchange in Australia, has announced it will be sponsoring professional tennis player Ajla Tomljanovic for the Australian Open and Sydney Tennis Classic tournaments taking place this month. In a Tuesday announcement, BTC Markets said it would be backing Tomljanovic as part of a partnership inspired in part by “increased …
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Late last year, a crypto trader managed to accurately predict Bitcoin topping out above $60,000 for the second time, and then crashing down to the $40,000 level. Now, traders are waiting to see if the third part of his prediction will come true. In October, the pseudonymous crypto trader known as Cheds told his 206,000 …
Veteran trader Tone Vays says one Bitcoin (BTC) indicator that historically leads to crypto rallies just started flashing bullish signals. In a recent YouTube update, Vays tells his 118,000 subscribers that the momentum reversal indicator (MRI), a signal that predicts the end of a trend based on price momentum, just showed up. “I don’t have much …
Crypto intelligence firm Santiment is looking at the sentiment of market participants across large-cap altcoins to determine whether the markets are ready to bounce. In a new tweet, Santiment says that traders and investors of top digital assets such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL) and Binance Coin (BNB) do not seem …
A pair of crypto assets that facilitate peer-to-peer (P2P) connectivity got a power surge after being listed on crypto exchange giant Binance. In a new announcement, Binance says that the utility token of Alchemy Pay (ACH), a payment system that serves as a bridge between the crypto and fiat economies, will now be available for …
Continue reading “Crypto Exchange Binance Lists Two Altcoins Built on Ethereum, Triggering Rallies”
LooksRare, a recently launched nonfungible token, or NFT, marketplace, says it wants to index all NFT collections on the Ethereum blockchain. The site went live on Monday with a token airdrop. #LooksRare NFT Marketplace Now Live! $LOOKS airdrop claim open⏰ Staking starts at block 13977012Trading reward calculations start tomorrow LFG! https://t.co/Y1jt9Kmqt6 — LooksRare – NFT …
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Global financial markets, stocks and cryptocurrencies took a knock on Jan. 10 after rumors that the Federal Reserve may hike interest rates four times in 2022 circulated and sparked a sell-off and sent the benchmark 10-year Treasury yield briefly above 1.8%. Data from Cointelegraph Markets Pro and TradingView shows that a massive wave of selling …
Continue reading “Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022”
El Salvador’s President Nayib Bukele has claimed officials will be able to use geothermal energy from one of the country’s inactive volcanoes to power its Bitcoin City project. In a Sunday notice, Bukele said there was a 90% probability of using the Conchagua volcano to supply 42 megawatts — “enough to provide energy to the …
