Day: May 5, 2022

Bitcoin price hits 10-week lows as $40K spike becomes ‘nasty bull trap’

boss

Bitcoin (BTC) hit its lowest level in over two months later on May 5 as Wall Street trading saw volatility return with a bang. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView DXY celebrates as stocks, crypto tumble Data from Cointelegraph Markets Pro and TradingView painted an unsettling picture for hodlers as BTC/USD fell to $36,520 on Bitstamp. Capping losses, which totaled 8.3% at one point, Bitcoin only bounced at a price last seen on Feb. 24 this year. As Cointelegraph reported, the performance had come in tandem with mayhem in U.S.…

Here’s why blue-chip NFT prices continue to soar nearly a week after the Otherside mint

boss

In May 2021, OpenSea closed out nearly $140 million in total volume. Fast forward a year and the most dominant nonfungible token (NFT) marketplace closed over $880 million in less than a week partially because of the Yuga Labs’ The Otherside mint.  As a result of this mint, a fresh surge of liquidity was injected into the NFT ecosystem and as it stands the current NFT total market capitalization is over $19.4 billion.  NFT market capitalization and volume. Source: NFTgo For the past two weeks, most of the market had…

SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy

boss

Anthony Scaramucci, the founder of the hedge fund SkyBridge Capital, thinks that the next United States presidential candidate will likely be pro-cryptocurrency, given that the U.S. Securities and Exchange Commission (SEC) recently announced the approval of a fourth Bitcoin (BTC) futures exchange-traded fund (ETF). During an interview at SALT’s Crypto Bahamas conference, Scaramucci told Cointelegraph that he has been bullish on a pro-crypto presidential candidate since the SEC approved Bitcoin futures under the Securities Act of 1933 (‘33 Act) and the Securities Act of 1934 (’34 Act). He added: “The…

Bitcoin Mining In 2021 And What To Expect In 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hey guys, Galaxy Digital published a nice research report about Bitcoin mining. Here is the link if you want to read: Please leave a comment, like and subscribe to the channel😊. Thank you very much for watching! BLONITY Link to Nikos explanation video: Follow my brand new twitter-account: BLONITY@thinklikeawhale For more data, daily BMXI and the daily BLONITY Portfolio follow me on Patreon: Want To Send Me A Tip? Bitcoin Donations Address: bc1qdq4ng0lgnjcqnjxsges78sqx87n294s8755nep **Disclaimer** Not fincial advice. Please be advised that I…

Why Bitcoin Futures And Spot Signals Don’t Match Up

boss

Bitcoin price bounced to the tune of 5% following yesterday’s Federal Reserve meeting. However, the move has almost fully retraced. What’s interesting about the situation, is that traders at one particular platform could have seen this coming a lot more clearly, while others might have suffered a fake out. Here is a closer look at a comparison between BTCUSD spot index price charts and BTC CME Futures that puts a spotlight on the strange discrepancy. We also shed some light on how to possibly take advantage when these instances occur.…

StreamCoin Announces 200M STRM Corporate ICO Investment by TNC IT Group – Press release Bitcoin News

boss

press release PRESS RELEASE. StreamCoin revealed that it has secured a corporate ICO investment from blockchain consulting firm TNC IT Group. Specifically, TNC IT Group has purchased over 200 million STRM during the recently-concluded STRM public sale. The announcement came after StreamCoin revealed that it has raised more than $11.7 million during its three-month public sale, enabling the team to exceed the STRM soft capitalization goal of $11,250,000. StreamCoin’s friendly rapport with TNC started when the latter organized the simultaneous World Live Streamers Conference (WLSC) and World Metaverse Conference (WMC).…

Ethereum Exchange Inflows Decline As Sellers Cool Off, Will Price Follow?

Ethereum exchange inflows had been on the high side for the better part of the past week. They averaged above $1 billion each day giving credence to the sell-off trend that has been experienced in the market. However, it seems there is a turn in the tide coming. As the weekend draws to a close, exchange inflows have been on the decline. This signals that the sellers are entering into a cool-off period that could potentially alter the price movement. Inflows Fall Below $1 Billion This week had opened up…