What the ‘anti-mining bill’ means for the crypto industry in Texas The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation. Follow up Join us on social networks In late April, over a hundred people gathered near the Texas Capitol building to protest. Peaceful protests in the United States are not uncommon, but what made this […]
Bitcoin bears need BTC price to go below $27K ahead of Friday's $900M options expiry Bitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday's expiry. Market Analysis Join us on social networks The $900 million Bitcoin (BTC) weekly options expiry on May 12 might play a decisive role in determining whether the price will succumb below $27,000. Bitcoin price […]
Bitcoin Bull Run In Jeopardy As Parabolic SAR Flips Bearish On Daily Chart Bitcoin (BTC), the world’s largest cryptocurrency, is facing a potential correction as it loses support at a critical level and trades at $27,300. Technical analysis shows that the Parabolic SAR has flipped bearish on the daily chart, indicating a possible downturn shortly. Bitcoin’s price has also dropped below the 50 exponential moving average (EMA), a […]
Bitcoin Price Prints Bullish Technical Pattern, Why Close Above $30K Is Critical Bitcoin price is rising steadily above $29,000. BTC could start a strong upward move if there is a close above the $30,000 resistance. Bitcoin is showing positive signs and rising toward the $30,000 resistance zone. The price is trading above $28,800 and the 100 hourly Simple moving average. There is a key rising channel forming […]
US Regional Bank Failures Trigger Bitcoin Surge, $30,000 Level In Sight Bitcoin (BTC) is on the verge of reaching the $30,000 milestone, but regional banks in the United States face significant anxiety and fear. Investors are concerned about the potential for contagion following the recent struggles of PacWest, a California-based lender. The bank’s shares have plummeted by as much as 60% overnight, causing it to reassure […]
Bitcoin Rips Above $29,000, But Why Is The Mean Transaction Size At A 3-Year Low? Bitcoin prices might be firmer when writing on May 4, rallying above $29,000 and breaking above local resistance levels in lower time frames. But the Mean Transaction Size, based on the 7-day moving average, is at a 3-year low, according to Glassnode, a blockchain analytics firm. Bitcoin’s Mean Transaction Size Crashing The Mean Transaction Size […]
Bitcoin Price Regains Strength Post Fed Hike, $30K Could Be Next Bitcoin price is recovering and trading above $29,000. BTC is slowly moving higher and the bulls might soon aim for a move toward the $30,000 resistance. Bitcoin is attempting a recovery wave above the $28,800 resistance zone. The price is trading above $28,800 and the 100 hourly Simple moving average. There was a break above […]
The Fed has little ammo left as $30K Bitcoin price becomes key battle line BTC options and futures markets show no use of excessive leverage from buyers, a healthy indicator as the $28,000 support gets retested. Market Analysis Own this piece of history Collect this article as an NFT Join us on social networks The Bitcoin price successfully defended the $28,000 support on May 2, but it has yet […]
More Dip To Come: Bitcoin Liquidity On The Move Ahead Of Major Event As the Federal Reserve (Fed) prepares to announce its decision on interest rates, Material Indicators, a research and analysis firm in the cryptocurrency market, is keeping a close eye on the Bitcoin (BTC) liquidity movements. FireCharts, a popular charting platform, has tracked liquidity movements on the BTC/USDT Binance order book. Their observations have led them […]
Bitcoin Price Faces Hurdle And Remains At Risk of Additional Losses Bitcoin price is correcting losses from the $27,660 zone. BTC is now facing strong resistance near the $28,800 and $29,000 levels. Bitcoin is attempting a fresh increase above the $28,500 resistance zone. The price is trading below $28,800 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support […]
Balaji pays out his crazy $1M Bitcoin bet, 97% under price target The former Coinbase exec settled the high profile wager 45 days ahead of time but remains convinced that a “fiat crisis” is inevitable. News Own this piece of history Collect this article as an NFT Join us on social networks A $1 million Bitcoin (BTC) price bet has been closed out 97% under its target […]
How can Bitcoin hold $28K amid the banking crisis? On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin’s $28,000 support has a chance amid the recent banking crisis. Cointelegraph YouTube Subscribe Own this piece of history Collect this article as an NFT Join us on social networks In today’s Market Report episode, analyst and writer Marcel Pechman discusses whether […]
The average person’s wealth will be 'completely destroyed by inflation,' says Arthur Hayes Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO. Cointelegraph YouTube Subscribe Own this piece of history Collect this article as an NFT Join us on social networks The majority of people will have their wealth progressively eaten away by the […]
Bitcoin Price Continues Slide As Crypto Market Sentiment Takes Hit Bitcoin price extended its decline below the $28,000 support. BTC tested $27,650 and is currently attempting a minor upside correction. Bitcoin is showing bearish signs below the $28,500 resistance zone. The price is trading below $28,200 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $28,000 […]
Bitcoin Bulls On Edge As Pivotal Level Sets Stage For Potential Price Surge Or Slump Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has experienced a volatile market over the past few days, with its price fluctuating between highs and lows. However, BTC has recently bounced back from a major trend line at $27,000 and is currently trading at $29,600, representing a profit of over 8% in the last […]
Notorious B.I.D. 2.0: Biggie-Sized Bidder Will Fuel Bitcoin Rally Again? The cryptocurrency market has experienced significant volatility in recent months, with the price of Bitcoin (BTC) dropping from its new yearly high of $31,000 to its current trading price of $27,300. This pullback has left Bitcoin at a crossroads, with traders waiting to see whether the key support level of $27,000 will hold or break. […]
Bitcoin Price Topside Bias Vulnerable Unless It Surges Past $28K Bitcoin price is showing bearish signs below the $28,000 zone. BTC must clear $28,000 to avoid more losses in the coming sessions. Bitcoin struggled to gain pace above the $28,000 resistance zone. The price is trading below $27,800 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance […]
China Is Fast Losing Money: Their Bitcoin Stash Just Fell By $388 Million When Bitcoin prices fell from $31,000 to below $29,000, the total value of BTC held by China fell by over $388 million to around $5,4 billion. China’s Bitcoin Stash Fell By $388 Million Bitcoin is trading below $28,500 and looks likely to edge even lower, considering the formation in the daily chart. With every tick lower, […]
Is The Final Shakeout Moment Coming For Bitcoin? Expert Weighs In In January of this year, Bitcoin broke above its 200-day MA for the first time since the end of 2021. This was a significant milestone for the cryptocurrency, as it had not seen such a signal in over a year. This breakout was a clear indication of Bitcoin’s bullish momentum and its potential for further […]
A recession is coming — Here’s how it’s fueling Bitcoin Cointelegraph analyst and writer Marcel Pechman explains how a potential looming recession might be causing Bitcoin’s price to rise. Cointelegraph YouTube Subscribe Own this piece of history Collect this article as an NFT Join us on social networks The show Macro Markets, hosted by crypto analyst Marcel Pechman, which airs every Friday on the Cointelegraph […]
