Bitcoin (BTC) bounced 19% from the $25,400 low on May 12, but has investor confidence in the market been restored? Judging by the ascending channel formation, it’s possible that bulls at least have plans to recover the $30,000 level in the short term. Bitcoin/USD 4-hour price at Bitstamp. Source: TradingView Does derivatives data support reclaiming $30,000, or is Bitcoin potentially heading to another leg down after failing to break above $31,000 on May 16? Bitcoin price falters in the face… Source link

Watch This Video On YouTube or Rumble Listen To The Episode Here: In this episode of the “Fed Watch” podcast, Christian Keroles and I, along with the livestream crew, discuss macro developments relevant to bitcoin. Topics include the recent 50 bps rate hike from the Fed, a consumer price index (CPI) preview — the episode was recorded live on Tuesday, before the CPI data was released — and a discussion on why owners’ equivalent rent is often misunderstood. We wrap up with an epic… Source link

Guest Author Here are 3 cryptos to watch: Ethereum Classic (ETC), Monero (XMR), and Calyx (CLX) With the crypto market being in an uneasy position currently, there are 3 cryptos to keep an eye on right now: Ethereum Classic (ETC), Monero (XMR), and Calyx (CLX). While Monero and Ethereum Classic have provided some exciting updates in the recent past making them preferred choices for long-term investors, the CLX Token is a new cryptocurrency that seeks to provide an easy and quick way for… Source link

Monero Classic achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving Monero Classic a high Risk/Reward Score. Find out what… Source link

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Imagine kicking back while watching a great movie and making money the entire time. That’s exactly what passive income can enable you to do.  There are several alternatives for generating income that doesn’t require an ongoing effort on your part. Staking cryptocurrencies is one approach that’s gaining momentum. Here’s why staking Ethereum (ETH -3.80%) could be an absolutely brilliant way to earn passive income. Image source: Getty Images. Yielding way Staking is only… Source link

Bitcoin has no future as a payments network because of its inefficiency and high environmental costs, according to one of crypto’s most influential chief executives. Sam Bankman-Fried, founder of the digital asset exchange FTX, said the proof of work system of validating blockchain transactions, which underpins Bitcoin, is not capable of scaling up to cope with the millions of transactions that would be needed to make the crypto token an effective means of payment. “The Bitcoin… Source link

Famed value investor and fund manager Bill Miller says he has “a lot” of bitcoin and has not sold any despite the recent crypto sell-off. He insisted that investors should put some of their liquid net worth in the cryptocurrency. Bill Miller Shares His Bitcoin Outlook Famed value investor Bill Miller is still bullish about bitcoin despite recent price declines. He confirmed in an interview with CNBC Thursday that he owns “a lot” of bitcoin and hasn’t sold any. Miller is the… Source link

Although it’s not a frontrunner in the market, Litecoin is known for being ever-present at all times. Its significance is drawn from its minimal yet expansive use cases that keep it relevant. To date, investors continue to bank on those use cases for recovering their losses. Litecoin finds a new audience Yesterday, Litecoin became the medium of payment for another major company in Canada. Popular Internet Service Provider Oxio added Litecoin to its list of payment methods for their… Source link

Billions in bitcoin, bought as a reserve by the Luna Foundation Guard (LFG), a foundation set up by the failed Terra blockchain, is now untraceable after being moved to two crypto platforms, Bloomberg wrote Saturday (May 14). LFG reportedly bought $3.5 billion of bitcoin between January and March this year, according to data from blockchain forensics firm Elliptic. That may raise questions if investors seek out compensation after the collapse of the blockchain. On May 9, the value of the… Source link