Monthly Archives: May 2022

Exploring the Bitcoin-Stock Market Decoupling – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

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The more you know about Bitcoin, the more optimistic you are: Block survey

A survey from digital payment company Block Inc. has found that the higher respondents rated their own level of cryptocurrency knowledge, the more optimistic they are about the future of Bitcoin (BTC). Block surveyed more than 9,500 people from the Americas (2,375), EMEA (4,360) and APAC (2,860) regions in January, ensuring to include 100 Bitcoin owners in each region for its 2022 Bitcoin Knowledge and Perceptions Report. The report, released on May 31, shows a correlation between optimism and… Source link

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Block and Wakefield Research Release Bitcoin Survey Report

Block partnered with Wakefield Research to address misconceptions surrounding Bitcoin. The survey included 9,500 respondents from varying age groups, genders and ethnicities from around the world. The data reveals something telling about the knowledge gaps in Bitcoin and what strengthens the network effect. Block, a Bitcoin-oriented financial services firm previously known as Square, just released Bitcoin: Knowledge and Perception, a report detailing a survey of 9,500 participants conducted in… Source link

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Bitcoin Relief Bounce Faces Resistance at $33K-$35K – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

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Bitcoin price rallies to $32.3K, but three factors could limit its recovery – Cointelegraph

Bitcoin (BTC) price action has been surprisingly bullish since May 27. Weekends, especially holiday weekends, are notoriously volatile and indecisive, with major whipsaws in price movements being the norm. Even in bull markets, bearish price action is often the norm, but BTC bucked that trend.  BTC/USD daily chart (Coinbase) Source: TradingView Bitcoin rallied nearly 11% between May 27 and May 30, moving through the critical $28,600 level to move back above $30,000 to $31,700. The weekly close… Source link

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As Bitcoin drops, fear for the Salvadoran economy rises. – Slate

On June 7, 2021, El Salvador President Nayib Bukele announced an audacious plan: to make Bitcoin legal tender. Anna-Cat Brigida is a reporter who covers Latin America. She lives in Honduras now, but was based in El Salvador when Bukele made his announcement. From there, Brigida says, everything went at full speed. Within 90 days El Salvador had to build its own Bitcoin wallet, install Bitcoin ATMs, and sell the country’s population on the idea of Bitcoin—an idea that had been brought… Source link

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Why are Fantom (FTM), Monero (XMR), and Chronoly (CRNO) rising?

In the crypto market crash of 2022, market leaders like Bitcoin (BTC) and Ethereum (ETH) have also taken a hit. BTC is regarded as the crypto gold standard, but it has also declined, affecting all coin markets. When holders withdraw their investments from BTC, those invested in altcoins also liquidate their holdings. But during the dip, the point of concern is that some coins are still on an upward trajectory. Projects like Fantom (FTM), Monero (XMR), and Chronoly (CRNO) have been rising… Source link

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ETH Back Above $2,000 as Crypto Rally Extends – Market Updates Bitcoin News

ETH briefly rose above $2,000 on Tuesday, as crypto bulls were once again present in today’s market session. BTC was also higher, with the world’s largest cryptocurrency climbing to its highest point in nearly three weeks. Bitcoin Bitcoin rose to its highest level in nearly three weeks on Tuesday, as crypto prices continued to rally, following recent losses. Following a low of $29,363 to start the week, BTC/USD surged to a peak of $31,949.63 earlier today. This peak is the highest… Source link

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Bitcoin faces ‘uphill battle’ despite BTC price gaining 35% from $23.8K bottom

Bitcoin (BTC) put in fresh gains overnight into May 31 as the monthly close looked set to seal losses of around 15%. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Asks stack up above $33,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating once more after a fresh burst took it to $32,200 on Bitstamp. The pair thus capped the second day of more bullish momentum, this nonetheless failing to impress analysts, who widely believed that the moves were… Source link

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