The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 8, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
Bitcoin (BTC) could dive another 50% from current levels if the upcoming winter proves a major test for Europe. That was the conclusion of a veteran crypto market analyst this week, with BTC/USD failing to reclaim $20,000 support. In an interview with Cointelegraph, Filbfilb, creator of trading suite DecenTrader, forecast a potential BTC price bottom coming in at as low as $10,000 in 2022. As the European energy crisis intensifies, risk assets face a major test, he believes, and the extent to which crypto suffers depends considerably on how diplomacy…
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In the report, among the first publicly available responses to U.S. President Joe Biden’s executive order on cryptocurrencies, the office detailed its approach to the question of what sort of impact crypto mining has on the environment, including what the scale of the impact is and how different cryptocurrencies differ in their energy needs. Source
The Bitcoin price is hanging by a thread as it retraces its gains from yesterday’s trading session. Once again, macroeconomic forces seem to be taking over the price action as the number one cryptocurrency by market capitalization looks into the abyss of a potential fresh leg down. At the time of writing, Bitcoin price trades at $19,077 with a 5% loss and a 1% profit in the last 7 days and 24 hours, respectively. BTC is looking at two potential support levels in short timeframes to prevent further downside. BTC’s…
New York-based Slide was founded earlier this year by Farman-Farmaian, a former product lead at Coinbase, and Sam Hatem, who previously worked as a blockchain developer at event-betting platform Polymarket. Slide came out of stealth mode alongside the funding round in a closed launch working with a select handful of partners. The company expects to have a full, open launch by the end of the year, said Farman-Farmaian. Source
“As a ’90s kid, I grew up watching Michael Jordan and Dennis Rodman play,” said Claire Salvo, who reinterpreted the logo using a ballpoint pen on paper. “It was an era when pro athletes were also becoming pop culture icons. The team, the players and the era are all so nostalgic for me.” Source
Entre los mineros con menos holdings en relación a su capitalización de mercado están Hive Blockchain (HIVE), Bit Digital (BTBT), CleanSpark (CLSK), Stronghold Digital (SDIG) y Greenidge Generation (GREE). Valkyrie indicó que estos equipos mineros podrían ser vistos como más “defensivos” y menos expuestos a que sus activos líquidos disminuyan si los precios cripto continúan cayendo. Source
Standard setters see DeFi, which uses software to replicate traditional financial services like lending, as the next step in crypto markets. But in a series of articles published this week by financial lobby group Eurofi, regulators say they aren’t sure how they can curb the risks associated with DeFi like money laundering, cyberattacks and scams. Source
Bake token (BAKE) has struggled to break above the key resistance level of $0.29 as the price has remained in a range. For weeks, the price of Bitcoin (BTC) fluctuated between $19,500 and $20,000, with the price stalling on the next movement. Most altcoins, including Bake token (BAKE), have struggled to break out of a downtrend as a result of this choppy movement. (Data from Binance) Bake Token (BAKE) Price Analysis On The Weekly Chart BAKE has struggled to replicate the bullish move that saw the price rally to $2…