Cryptocurrency - news
|
---|
01.05.2024 21:30 The Bitcoin LSTs can be used to power the Talus blockchain's virtual artificial intelligence assistants. cointelegraph.com |
01.05.2024 21:00 Yuga Labs CEO Greg Solano said intricate corporate processes muddied the company’s creative spirit. cointelegraph.com |
01.05.2024 20:56 On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still “remains elevated.” No Change in Federal Funds Rate; Fed Continues Watchful Eye on Inflation Risks On Wednesday, the […] bitcoin.com |
01.05.2024 20:37 This edition of Cointelegraph’s VC Roundup highlights Tevaera, AVALON, Uncharted, Contango, and Movement Labs. cointelegraph.com |
01.05.2024 20:30 Despite Bitcoin’s 13% drop in the past week, which saw it break below the psychological $60,000 level and drop 20% from its all-time highs, one analyst on X remains resolute. Drawing from the weekly chart, the trader maintains a bullish outlook, saying the coin will shake off weakness in the coming session. This aligns with bulls for the better part of Q4 2023 and Q1 2024. Bitcoin Is Falling, Losses $60,000 Bitcoin is under intense liquidation pressure, struggling against the deluge of sellers. Earlier today, BTC broke below $60,000, melting below April 2024 lows. Related Reading: Bitcoin Price Dips Below $57,000: 4 Key Reasons This dump confirmed sellers of April 13, signaling a possible start of a bear formation that may see BTC lose ground, peeling back February and March 2024 gains. Nonetheless, the analyst maintains that the uptrend will remain as long as Bitcoin stays above the $49,000 to $52,000 support zone, soaking up all selling pressure. This assessment, based on [...] newsbtc.com |
01.05.2024 20:07 Crypto firms Aptos Labs, Paxos and Circle also took part in the funding that bodes well for the future of real-world asset tokenization. cointelegraph.com |
01.05.2024 20:02 With BTC plunging below $60K, social media debates are heating up. Has BTC already reached its peak this cycle at $70K? According to veteran trader Peter Brandt, that could be the case. Does that mean it’s time to diversify into other emerging assets? Here is an analysis. Exponential Decay of Bitcoin Sparks Pessimism The “exponential decay” pattern suggested by veteran trader Peter Brandt indicates that Bitcoin may not be able to rise to $80K, let alone $100K, this cycle. Exponential decay happens when each successive cycle has a peak price of only around 20% of the previous cycle’s peak gain. Interestingly, Bitcoin has fallen prey to the trend in the last three market cycles. Bitcoin cycle exponential decay. Source: Peter Brandt “Applied forward, this would indicate that the current bull cycle will experience an exponential advance of approximately 4.5X or so (80% of the 22X of the 2018-2021 cycle). Taking a low for the current cycle of $15,473 projects a high for this cycle of [...] newsbtc.com |
01.05.2024 19:31 One former CEO went to trial and maintained his innocence, while one admitted fault and turned himself in. cointelegraph.com |
01.05.2024 19:21 Sales of non-fungible tokens (NFTs) experienced a 31.26% decline in April from the revenues recorded in March. Last month, statistics show that NFT transactions across several markets totaled approximately $1.15 billion in sales. NFT Revenues Shrink in April, Certain Bitcoin Collections Buck the Trend As April concluded and May commenced, data reveals that NFT sales […] bitcoin.com |
01.05.2024 19:00 Bitcoin has finally broken below the $60,000 support level for the first time in two months. The world’s largest digital asset has largely been in a euphoria phase since the beginning of the year, particularly after the launch of Spot Bitcoin ETFs in the US market. However, the current consolidation of the price of Bitcoin indicates the euphoria might be fading. According to a new report from Glassnode, an on-chain analytics firm, the euphoria surrounding Bitcoin, which has been active for the past 6.5 months, looks to be fading. At the same time, the BTC distribution has entered into the fear zone and investors are now heavily weighted towards selling. Selling Pressure Rises After reaching an all-time high of over $73,737 in March 2024, Bitcoin has declined by more than 18% as investors take profits. This drop in price has been accompanied by a rise in the percentage of addresses holding losses, indicating increased selling pressure. The percentage of addresses making a profit has [...] newsbtc.com |
01.05.2024 18:51 Bitcoin’s drop to $56,500 crushed bullish traders’ sentiment and took a heavy toll on altcoin prices but are generational buying opportunities emerging? cointelegraph.com |
01.05.2024 18:02 Alejandro De La Torre believes Bitcoin mining is dangerously centralized and plans to put power back into the hands of solo miners with DEMAND. bitcoinmagazine.com |
01.05.2024 18:00 Data shows that Bitcoin sentiment has cooled off to neutral from greed following the asset’s latest plunge to the $57,000 level. Bitcoin Fear & Greed Index Has Returned To Neutral Levels The “Fear & Greed Index” is an indicator created by Alternative that shows the average sentiment among investors in the Bitcoin and wider cryptocurrency market. This index estimates sentiment by considering five factors: volatility, trading volume, social media data, market cap dominance, and Google Trends. Related Reading: Bitcoin To $92,190: Crypto Analyst Reveals Path To ATH Target The metric uses a scale that runs from zero to 100 to represent this average sentiment. All values under 46 suggest that investors are fearful, while those above 54 imply a greedy market. The zone between these two cutoffs naturally corresponds to the territory of neutral mentality. Now, here is what the Bitcoin sentiment looks like right now, according to the Fear & Greed Index: The value of the metric appears to be 54 [...] newsbtc.com |
01.05.2024 17:38 On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves to 296,713.90 BTC. Bitcoin ETFs Continue to See Persistent Outflows Since April 24, 2024, U.S. […] bitcoin.com |
01.05.2024 17:30 Meme coin fans think “serious” crypto investors are mid-curving it. Serious crypto investors think meme coin fans are idiots. cointelegraph.com |
01.05.2024 17:21 While the current correction remains in line with historical price corrections, Bitcoin could briefly fall to the $50,000 mark after losing the average ETF inflow mark of $59,000. cointelegraph.com |
01.05.2024 17:00 In the face of a general market decline and pessimism, Captain Faibik, a cryptocurrency expert and enthusiast, has emerged with an optimistic outlook for Bitcoin (BTC) foreseeable future trajectory, predicting that the crypto asset could rise to a new all-time high before this current month closes. Bitcoin To Reach New All-Time High In May Faibik’s analysis, which is based on his in-depth knowledge of cryptocurrency dynamics and a sharp eye for market trends, explores the possibility of a large short-term rise in Bitcoin. According to the analyst, Bitcoin is at a key junction currently testing the daily Moving Average 100 (MA100) level once more after recovering from it in the past. Historically, the crypto asset has found considerable support at the 100MA level. Should BTC recover from this point on, Captain Faibik anticipates a significant rise on the upside in the upcoming days. Thus, he expects the digital asset to reach a new all-time high within the month. The post read: Last [...] newsbtc.com |
01.05.2024 16:34 Institutional staking platform Figment will become an additional infrastructure provider to Dutch exchange Bitvavo. cointelegraph.com |
01.05.2024 16:20 Fans want to journey alongside their favorite musicians as they explore their creativity and expand their catalog. FanSociety hopes to be the Web3 platform that makes this possible. cointelegraph.com |
01.05.2024 16:09 Bitcoin is lingering near the $57,000 mark into FOMC, but is that the last the market will see when it comes to snap BTC price downside? cointelegraph.com |
01.05.2024 16:00 MicroStrategy hosts its Bitcoin for Corporations conference today, featuring leaders discussing how firms can adopt BTC as a treasury asset like MicroStrategy's pioneering strategy. bitcoinmagazine.com |
01.05.2024 15:55 High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions. cointelegraph.com |
01.05.2024 15:45 A thorough breakdown of OP_CAT, and what it enables, by Kiara Bickers from Blockstream. bitcoinmagazine.com |
01.05.2024 15:36 During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in the same period, Marathon Digital Holdings’ shares have dropped more than 28% […] bitcoin.com |
01.05.2024 15:30 As April comes to a bearish close, expectations for Dogecoin in May are not exactly bullish, especially as the crypto market has continued to fall. DOGE has been one of the main losers during this time, falling below $0.14. This underperformance is expected to continue as the machine learning algorithm at CoinCodex predicts further decline for the meme coin. Algorithm Predicts Another 13% Decline Despite the Dogecoin price already suffering a notable 14% decline in the last week, the machine learning algorithm believes it will fall another 13% in the month of May. The machine learning algorithm, which takes a number of metrics into consideration, presented that the DOGE price remains very bearish despite the market still sitting in greed. For the month of May, the algorithm expects the meme coin’s price to decline by a total of 13.66% from here, falling below $0.13 to $0.1238. Even on the shorter term, the Dogecoin price remains bearish with an expected 1% decline to $0.14 in the next [...] newsbtc.com |