Bitcoin price recovered and climbed above the $64,000 resistance zone. BTC is now facing hurdles near the $65,500 and $66,000 levels. Bitcoin is now struggling to gain pace for a move above the $65,500 resistance zone. The price is trading above $64,000 and the 100 hourly Simple moving average. There is a key contracting triangle forming with resistance at $65,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if it clears the $65,500 resistance zone. Bitcoin Price Starts Increase…
Month: April 2024
Bitcoin Futures Demand Blows up in Brazil: 7,400 Contracts Traded on Launch Day
The first bitcoin futures contracts listed on B3, the stock exchange in Brazil, experienced significant interest from investors on debut day. According to a note delivered by the stock operator, 7,400 bitcoin futures contracts were traded, with the instrument reaching a peak of 111,000 orders on screen. While B3 has also bitcoin ETF contracts, futures […] Original
Historic Yield Curve Inversion Reaches 656 Days, Echoing Pre-Stock Market Crash Patterns
Based on the latest data, the yield curve of the U.S. Treasury, which charts the yields for two-year and ten-year bonds, has remained inverted for a total of 656 days. This latest inversion joins previous records set in 1929, 1974, and 2008, all of which preceded substantial declines in the stock market. Recently, market observers […] Source CryptoX Portal
Russia Warns US of Further Aggravation After Funding Bill Passes Amid Heightened Geopolitical Strife
Amid ongoing global tensions, the price of gold remains robust at $2,391 per troy ounce, while bitcoin continues to trade at a 12% deficit from its peak value. Recently, the U.S. House of Representatives approved a series of funding bills for Ukraine, Israel, and Taiwan. Following the bill’s passage, Russian Foreign Ministry spokeswoman Maria Zakharova […] Source CryptoX Portal
Top cryptocurrencies to watch this week: BTC, WLD, AGIX
Bitcoin (BTC) witnessed mild losses despite a late comeback to the week-long bearish pressure. Meanwhile, artificial intelligence-focused altcoins Worldcoin (WLD) and SingularityNET (AGIX) recorded modest gains. In contrast to Bitcoin’s downward trend this week, the global cryptocurrency market capitalization experienced a slight 1.26% uptick, adding over $30 billion to reach $2.4 trillion at the last check. This rise was primarily fueled by the performances of prominent altcoins during the late-stage market resurgence. This is how most of the mainstream cryptocurrencies performed this week: BTC, WLD and AGIX prices – April…
ARK Invest makes bullish moves ahead of Bitcoin halving
Ahead of the Bitcoin (BTC) halving, Cathie Wood’s ARK Invest engaged in a series of transactions reflecting the hedge fund’s bullish stance on the cryptocurrency’s trajectory. Among the notable moves was ARK’s addition of 139,152 units of its in-house spot Bitcoin ETF — the ARK 21Shares Bitcoin ETF — valued at $8.96 million. The purchase followed another substantial buy of $31.19 million worth of the ETF the day before. Not content with just Bitcoin, ARK doubled down on diversification by purchasing 41,068 shares of ProShares Ether Strategy ETF (EETH), totaling…
Solana Developers Deploy Fixes to Mainnet to Address Network Congestion
Solana developers have successfully pushed a series of fixes to address network congestion issues. On April 15, Solana urged validators to update to v1.17.31, a version that changes how certain validators are treated depending on their stake. Further fixes will be shipped in the coming weeks, including a new scheduler that will be disabled by […] Source CryptoX Portal
Bitcoin Miners Reap Windfall as ‘Runes’ Debut Sends Transaction Fees to Record Highs
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Will Celestia (TIA) Hit $130? Analyst Makes Bold Prediction
Celestia (TIA), a red-hot cryptocurrency in the modular blockchain space, has experienced a rollercoaster ride in recent weeks. After reaching a peak of nearly $16, TIA underwent a correction, plummeting to $7.5 according to CoinMarketCap data. However, the token has displayed remarkable resilience, bouncing back to $11.50 and showcasing strong trading volume – a sign that investors haven’t abandoned ship. Celestia’s Rebound And Investor Optimism The past 24 hours have been particularly kind to Celestia. The token price surged by a significant 6.20%, indicating a shift in investor sentiment towards…
NFT Sales Dip by Over 25% as Bitcoin Dominates a Cooling Market
Recent data over a seven-day period ending April 21, 2024, shows that non-fungible token (NFT) sales have declined by 25.48%, totaling approximately $236.96 million. Bitcoin dominated the NFT market this week, contributing $111.8 million to the overall sales since April 14. NFT Sales Tumble This week, NFT revenues fell 25.48% compared to the previous week. […] Original