Month: July 2022

Why “The Merge” Is Not Priced In, Says Ethereum Inventor Vitalik Buterin

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Ethereum and the crypto market slightly recovered some gains after the Federal Reserve (Fed) announced a 75-basis point (bps) interest rate hike. There was no surprise from the financial institutions, and the second crypto by market cap might be able to extend the bullish trend without external distractions. Related Reading | TA: Bitcoin Price Restarts Increase After Fed Rate Hike But Resistance Intact At the time of writing, Ethereum (ETH) trades at $1,640 with an 11% profit in the last 24 hours and a 7% profit over the past week. The…

Bitcoin: The Old Ways Of Finding The Bottom DON'T WORK! Uncharted Territory… (BTC)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Introduction To The Video Topic & Opening Statements 0:00-1:43 The “Old Methods” Of Finding The Bottom 1:43-5:50 Why We Can’t Trust These Indicators 5:50-9:05 V.I.P Membership 9:05-10:08 BitGet 10:08-10:41 The Crypto Academy’s “Become A Trader” Course 10:41-11:43 ————————————- ➡ Click the “Join” button on my YouTube channel homepage (only available from a PC) to receive access to exclusive Altcoin Trading Signals, A Market Psychology Video, My Prioritised Replies To Your Comments & V.I.P Badges/Emojis! ➡ Want to learn how to trade? Check…

ApeCoin Proposal to Fund 24-Hour BAYC News Site Wins Community Approval

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Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth – Economics Bitcoin News

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The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2 GDP Data Points to a Recession One of the principal agencies of the U.S. Federal Statistical System, the Bureau of Economic Analysis (BEA), released the commerce department’s latest gross domestic product (GDP) statistics on Thursday. The report notes that the GDP data shows a 0.9% annualized…

CME crypto futures see record activity during bear market

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The trading of Bitcoin and Ether futures on CME remained elevated in the second quarter, with daily open interest hitting all-time highs. Bitcoin (BTC) and Ether (ETH) derivatives contracts offered by CME Group saw record activity in the second quarter, offering tangible evidence that professional traders were still accessing digital assets during the bear market.  The average daily open interest (OI) across CME’s crypto futures products reached 106,200 contracts in the second quarter, the highest on record, the company disclosed Thursday. In futures markets, OI reflects the total number of…

Tron (TRX) Extends Gains As Prices Break Away From Support Point

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While the rest of the crypto market is in a state of frenzy, Tron (TRX) price dominance is on for the second day in a row as its price swerves away from the support line. Tron has had a swift recovery so far. TRX/USD swished to a 3% jump and intraday high of $0.06631 today in contrast to yesterday’s low that registered at $0.06383. The rebound was seen after TRX has been moving in the red zone for several days now. The cross signals seen in the daily chart usually…