Day: May 2, 2022

Afraid to buy the dip? Bitcoin options provide a safer way to ‘go long’ from $38K

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The last time Bitcoin (BTC) traded above $50,000 was Dec. 27, 2021. Since then, four months have passed, but traders seem somewhat optimistic that inflation has hit the necessary threshold to trigger cryptocurrency adoption. In theory, the 8.5% inflation in the United States means that every five years, the prices increase by 50%. This essentially turns $100 into $66 by slashing 33% of the dollar’s purchasing power. The U.S. Federal Reserve FOMC meeting is expected to rule on the interest rates on May 4, but more importantly, the FED is…

Ethereum Holders: ITS HAPPENING NOW!! Ethereum Price Prediction 2022, Ethereum News Today, ETH Price

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum Holders: ITS HAPPENING NOW!! Ethereum Price Prediction 2022, Ethereum News Today, ETH Price Welcome back to the Crypto World! In this video I reveal my next Ethereum Price Targets and my Ethereum Strategy (Ethereum Technical Analysis Today)! Is Ethereum the best crypto to buy now? Comment below! And leave a LIKE and SUBSCRIBE for more videos like this! 🚨 Learn Technical Analysis Here 👉 👈 ► I trade on Bybit 👉 👈 (NEW $4,050 BONUS)* 🔥 Register with my link for…

Fed FOMC comments and Bitcoin ‘bear channel’ could kickstart a decline to $28K

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The start of May has seen a continuation of the weakness in crypto and equities markets and at the moment, there is no indication of any short-term factors that could reverse the bearish trend. Equities markets are also in a downtrend and according to researcher Clara Medalie, the price of stocks from companies with exposure to Bitcoin (BTC) have also taken a notable hit. Bitcoin vs. BTC exposed companies. Source: Twitter Medalie said: “Block, Tesla, Microstrategy and Coinbase are down between 20%–50%.” Data from Cointelegraph Markets Pro and TradingView shows…

The difference between New York City and New York State, April 25-May 2

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Last week, New York dominated crypto media headlines in very different ways. In New York State, the local Assembly voted in favor of the bill that would ban for two years any new mining operations that rely on proof-of-work (PoW) consensus mechanisms and use fossil fuel-generated energy.  A temporary moratorium, which could be extended after the state’s Department of Environmental Conservation provides its assessments of the industry’s carbon footprint, marks the first major legislative attack on PoW mining on environmental grounds in the United States. The push mobilized the community…

Bitcoin Price Continues Struggle, But Miners Refuse To Sell

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On-chain data shows while the price of Bitcoin has continued to struggle recently, miners have shown diamond hands. Bitcoin Miner Reserve Holds Still Amid The Recent Price Consolidation As pointed out by an analyst in a CrypoQuant post, BTC miners have been accumulating for some time now, and the dwindling price hasn’t scared them. The “Bitcoin miner reserve” is an indicator that measures the total amount of coins present in wallets of all miners. When the value of this indicator observes a decrease, it means the supply held by miners…

Sequoia Capital Partner Believes Lots of VCs Will Pull Back From Crypto – Bitcoin News

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Shaun Maguire, a crypto partner of Sequoia Capital, one of the venture capital firms most active when it comes to investments in the cryptocurrency space, issued its opinion on the future of many VCs investing in crypto. To him, many of the companies that are now experimenting with crypto investments will “pull back” due to market conditions and a misunderstanding of crypto as an investment. Sequoia Partner Not Optimistic About VCs Entering Crypto Shaun Maguire, a cryptocurrency partner in Sequoia Capital, one of the most active VC firms…