Technical indicators suggests a weak price recovery for bitcoin, which requires another weekly close above $30,000 to encourage buying activity. Still, the recovery could fade at around $33,000-$35,000 because of negative momentum signals on the charts. Source
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โClient interest [is] concentrated more heavily onto the two main crypto assets, BTC and ETH,โ analysts at data provider VandaTrack wrote, according to the newspaper. ETH stands for ether, the native cryptocurrency of the Ethereum blockchain. โThis matters because, as more institutions await the first results of the White House executive order on crypto regulation and the ETH merge to ETH 2.0, current price behavior will continue to be driven by TradFi assets.โ (ETH 2.0 is shorthand for a planned upgrade of the Ethereum network, and “TradFi” is crypto-industry jargon…
Bitcoin broke through support and plunged to the lowest prices seen since 2020. However, despite all the fear the drop has caused, it could be the last low before the top cryptocurrency continues its bull run. Here is why an extremely rare Elliott Wave expanding triangle pattern could be the last hope Bitcoin bulls have for new highs before a bear market. Ralph Nelson Elliott And His Theory On How Markets Move Ask most crypto investors and they would probably agree: we are in a bear market. However, based on…
Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins lost their peg and theย demise of one of the top decentralized finance (DeFi) platforms sparked an event that resulted in $900 billion vanishing from the total crypto market capitalization.ย In the midst of the widespread fallout, MakerDAO (MKR) managed to turn crisis into opportunity and the collapse of TerraUSD (UST) has brought renewed attention to DAI, the longest-running decentralized stablecoin. Data from Cointelegraph Markets Pro…
Ademรกs, el bajo rendimiento reciente de las criptomonedas alternativas (altcoins) en comparaciรณn con bitcoin sugiere un menor apetito por el riesgo entre los traders de criptomonedas. Por lo general, las altcoins disminuyen mรกs que bitcoin durante los mercados a la baja debido a sus perfiles de mayor riesgo. El entorno mรกs amplio de aversiรณn al riesgo podrรญa mantener intacta la tendencia bajista a corto plazo de BTC. Source
An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchainโs LUNA and the de-pegging of the UST stablecoin vindicate the Asian countryโs decision to ban crypto-related activities. In the article, the author names the interest rate hikes by the U.S. Federal Reserve and the buying and selling of crypto assets by several investment giants as the causes of the recent market crash. Impact of Recent US Interest Rate Hike An author writing for Chinaโs state-backed publication, Economic Daily, has…
He explained Bitcoin to Barack Obama and ran one of the first election campaigns emphasizing crypto. He says Congress needs more people who understand science and technology. Source
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Ahora Coinbase nos ofrece la oportunidad de vender nuestras criptomonedas en Mรฉxico y obtener MXN en EFECTIVO en alguno de los puntos de canje autorizados, como por ejemplo: Soriana, Banorte, Farmacias del Ahorro, Farmacias Guadalajara, OXXO, Bodega Aurrera, Walmart entre otros puntos autorizados. Haz tu cuenta en CoinBase: Tengo un grupo de Criptomonedas donde puedes unirte, pedir ayuda y enterarte de como estรกmos logrando rendimientos muy buenos tradeando criptomonedas: โ๏ธ โ๏ธ ๐ด COMO FONDEAR HOTBIT DESDE BINANCE: ๐ด PulseChain, el fork de…
On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain, announced a revised plan to restore the ecosystem after a combination of significant market volatility and inherent protocol design flaws wiped out a vast majority of the blockchain’s market cap. As told by Kwon, Terraform Labs will put forth a new governance proposal on May 18 to fork the Terra Luna blockchain called Terra (token name: LUNA).ย However, the new chain will not be linked to the TerraUSD (UST) stablecoin. Meanwhile, the old Terra blockchain will continue to exist…