Month: April 2022

600-Day MA Starts To Break Down

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Charts show the Bitcoin price seems to be falling below the 600-day moving average, a sign that could be bearish for the crypto. Bitcoin Begins To Lose 600-Day MA Support Line As Price Crashes Below $39k Again As pointed out by an analyst in a CryptoQuant post, the price of the crypto is crossing below the 600-day MA curve now, a line that has served as support for BTC in the past. A “moving average” (or MA in short) is an analytical tool that takes the average of any quantity…

Meta will open physical metaverse-themed store in San Francisco Bay Area

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Social media giant Facebook’s parent company, Meta, will be opening a retail store in the San Francisco Peninsula offering hardware for the virtual reality space. In a Monday announcement, Meta said it would be opening a retail store in Burlingame, California on May 9 aimed at providing interactive demos for the company’s hardware products, including virtual reality headsets, video communications displays and smart glasses. The store, which will be located on the Meta campus — its headquarters is in Menlo Park — will feature a wall-to-wall curved LED screen that…

NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales – Markets and Prices Bitcoin News

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Non-fungible token (NFT) sales have increased by 23.56% over the last week, as $945.2 million in sales were recorded across 15 different blockchains during the last seven days. NFT sales stemming from Ethereum jumped 29.16% in seven days, gathering $863.2 million in sales or 91.32% of the $945.2 million in sales. One particular NFT collection called Moonbirds has bolstered most of this week’s NFT sales volume. NFT Sales Spike This Week, Volume Fueled by Moonbirds Sales Following last week’s slight uptick in NFT sales, which increased 3.35% and gathered $658.4…

❌ LIQUIDATED LONGS {ETHEREUM!!!!!!} BUY ETH RIGHT NOW AT YOUR OWN RISK!! .. NEW $ETH PREDICTION

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🔥 $3,000 {ETH) FREE TO TRADE ON BYBIT WHEN YOU MAKE A DEPOSIT!!!!! ⏫ 🚨 LIQUIDATED LONGS {ETHEREUM!!!!!!} BUY ETH RIGHT NOW AT YOUR OWN RISK!! .. NEW $ETH PREDICTION The ethereum price has been a buy the last week or so, however it seems we are running in to ethereum selling pressure. this is my latest ethereum price prediction – is it time to sell crypto and sell eth right now? The crypto market today has been stable however for my…

Price analysis 4/25: BTC, ETH, BNB, XRP, SOL, LUNA, ADA, AVAX, DOGE, DOT

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Bitcoin and select altcoins are attempting a recovery, but the most likely outcome of any breakout is strong selling at higher levels. Bitcoin (BTC) continues to trade below $40,000 as bears try to flip the level into resistance. The soaring U.S. dollar index (DXY), which is usually inversely related to Bitcoin, favors the sellers. However, it is not all gloom and doom because the Bitcoin bulls seem to be taking clues from the Nasdaq (NDX), which has been hovering close to positive territory. Although risky assets have been on the…

Specialists Expect Bitcoin Back To $65K By End Of Year, Survey Finds

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Bitcoin had a bearish weekly close, as the price dipped further below $40,000. The benchmark crypto has experienced low volatility in the past week, but the market could see more action as the monthly close approaches. Related Reading | Bitcoin Struggles To Breach $40,000 Level, Down 4% In Last 24 Hours At the time of writing, Bitcoin trades at $38,900 with a 2% loss in the last 24 hours. BTC moving sideways on the daily chart. Source: BTCUSD Tradingview In the short-term, market sentiment seems to be turning bearish as market…

‘People Like to Root Against the Winners’

People like to root against the winners. Part of it also comes from a general, not lack of understanding, but lack of a deep, intellectual curiosity about what tokenomics can mean and enable. There’s different use cases and parameters around traditional stocks versus tokens. The more that people dig into DeFi, governance tokens, utility tokens and play-to-earn economics, all of that will make a lot more sense. But when you come from that traditional finance world and you see something without diving deep into the space, it’s easy to make…

New York legislators to vote on PoW mining moratorium this week

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The New York state legislature might ban Proof-of-Work (PoW) crypto mining in the state for at least two years, citing environmental concerns.  Over the past weekend, on April 23 and 24, several crypto advocacy groups — including the Blockchain Association and Crypto Council for Innovation — rang the alarm over the upcoming vote in the New York Assembly. The state legislature’s official webpage did not indicate a specific date for the vote. 1/ New York’s proposed moratorium on proof-of-work (S6486D/A7389C) mining has an unintended consequence – it puts innovation on…