Day: July 30, 2024

Key Indicators Signal Further Decline

boss

Bitcoin (BTC) is currently experiencing increasing bearish pressure, with technical indicators suggesting a potential decline toward the $63,316 mark. This price drop is driven by factors such as weakening momentum and decreasing trading volume. As Bitcoin targets the $63,316 mark, Investors and analysts are closely monitoring this development, as it may indicate further declines and set the stage for BTC to test lower support levels. This article analyzes Bitcoin’s current price movements and technical indicators signaling a potential further decline for the cryptocurrency focusing on the 4-hour and the 1-day…

Blackbird, Web3 Startup From Resy Co-Founder, Wants Diners to Pay for Meals in Crypto

“Lower than typical credit card fees, which can be as high as 3.75%, restaurants on the Blackbird Pay network pay a flat fee of 2% per transaction, saving them money on every transaction,” Blackbird Labs explained in a statement shared with CoinDesk. “At the same time, Blackbird Pay enhances diners’ end of meal experience by enabling them to skip the dreaded ‘Let’s get the check’ moment and enjoy the magic of paying their check in-app at any point; so, they can leave whenever they’re ready, just like having an old-school…

AVAX Continues Freefall, Sheds 12% In Last 7 Days

boss

Avalanche (AVAX) is currently on a downward trend, one that it has not broken since last month. The latest market data shows that the token has depreciated 12% since last week, a huge loss for investors and traders interested in the token. Related Reading Despite this, the platform is maintaining its momentum. A new upgrade proposal might improve developer and user experience on the platform, further onboarding new users and developers to use Avalanche. The Gist Of ACP-77 ACP-77 is the newly announced major proposal made by the Avalanche Foundation…

BTC Slides as U.S. Government-Linked Selling Pressure Looms

Bitcoin has inched toward $66,000, paring all gains from last week, with sentiment dented as a significant amount of the asset was moved from U.S. government-linked wallets, raising concerns of looming selling pressure among traders. BTC lost as much as 5%, before slightly recovering, in the past 24 hours as the U.S. Marshals Service shifted $2 billion worth of BTC to two new wallets. Tracking service Arkham estimated that at least one of the wallets was likely to be a custodial service. Bitcoin was trading around $66,550 at the time…

Bitcoin ‘Back On Radar’ To Hit $80,000, Then New ATH, Analyst Says

boss

The most often used cryptocurrency worldwide, Bitcoin, has had an impressive price rise over the past few weeks, considerably raising trader confidence. Related Reading The bigger cryptocurrency market still exhibits volatility even with Bitcoin’s recent rallies. Thanks to Ethereum ETFs, which have created conditions perfect for significant price movements, the market is today far more liquid. As Ethereum ( ETH) and Bitcoin (BTC) negotiate these difficult waters, their mechanics as well as the risk of trend reversals are impacting each other. BTC up in the last month. Source: Coingecko According…

Bitcoin, Ethereum ETFs take different paths amid market correction

boss

Spot Bitcoin and Ethereum exchange-traded funds in the United States have started the week in different directions as the border cryptocurrency market faces corrections. According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs recorded $124.1 million in net inflows at the end of the trading day on Monday, July 29. All of the day’s inflows, $205.6 million, came into BlackRock’s iShares Bitcoin Trust (IBIT). The Grayscale Bitcoin Trust (GBTC) continued its downward movements, losing $54.3 million in outflows yesterday. The Bitwise Bitcoin ETF (BITB) and Fidelity Wise Origin…

Bitcoin.com’s V-Card Nearing Launch

boss

Bitcoin.com will soon launch V-Card, enabling anyone to spend their cryptocurrency, just like cash, anywhere Mastercard® is accepted. The waitlist for the V-Card is now open at verse.bitcoin.com/card, and early sign-ups have the chance to win a free V-Card (€75 value). “Self-custody holders of Bitcoin and other cryptocurrencies via the Bitcoin.com Wallet app will now […] Original