Bitcoin (BTC) hit multi-day lows into Aug. 10 as crypto traders braced for impact with fresh United States inflation data.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Market “could get ugly” if CPI keeps rising Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $22,668 on Bitstamp at the most recent daily close — its lowest since Aug. 5. Bullish momentum had evaporated during the day prior, and the mood among traders was firmly risk-off as… Source link

Bitcoin had an impressive performance in July, along with major digital tokens that have hit their targets in the last four weeks. Bitcoin (BTC) increased by over a quarter, reaching $24,000, while Ethereum increased by approximately 55 percent, trading around $1,700. In the first week of July, the price of BTC led a strong increase in the price of all cryptocurrencies. Not unexpectedly, this contributed to the rise of Bitcoin mining stocks, an Arcane research… Source link

The king coin of cryptocurrencies continues to divide opinions among skeptics with its latest movement. After rejecting the $24.2K resistance, BTC prices have crashed below $23,450 at press time according to CoinMarketCap. This rejection has raised many eyebrows in the community since market conditions have improved of late. Galaxy Digital CEO Mike Novogratz recently told Bloomberg that he remains doubtful if Bitcoin will push the $30K barrier anytime soon. “Will Bitcoin get… Source link

Bitcoin price started a fresh decline from the $24,250 resistance zone against the US Dollar. BTC declined below $23,000 and remains at a risk of more losses. Bitcoin started a fresh decline below the $23,500 support zone. The price is now trading below the $23,500 level and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $23,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $23,250… Source link

The trading session on 8 August was an interesting one for ETH HODLers as the price of the leading altcoin jumped above $1,800 for the first time in two months, data from Santiment revealed. In the last 30 days, the ETH network has seen over 546,000 active addresses trading the coin daily. Santiment showed this to be the highest rate in the daily active address index that the altcoin registered so far this year. Fortune has smiled on the leading altcoin At the beginning of the… Source link

Bitcoin, the largest cryptocurrency holds on to two main catalysts for support. Mainly the mining activity and transactional requirements via the Lightning network. But it seems like the former took a major hit while the latter continues to aid the network reach new heights. Here’s the analogy  Bitcoin miners have experienced a trap in the crypto market because of the recent crypto crash. Now with Bitcoin prices plunging in 2022, underwater miners are forced to sell into a… Source link

Bitcoin, the largest cryptocurrency holds on to two main catalysts for support. Mainly the mining activity and transactional requirements via the Lightning network. But it seems like the former took a major hit while the latter continues to aid the network reach new heights. Here’s the analogy  Bitcoin miners have experienced a trap in the crypto market because of the recent crypto crash. Now with Bitcoin prices plunging in 2022, underwater miners are forced to sell into a… Source link

Closely followed analyst Lyn Alden says one macroeconomic factor could signal the end of Bitcoin’s (BTC) bear market. In a new interview with market analyst Alessio Rastani, Alden says that Bitcoin’s performance is tightly correlated with the expansion or deceleration of global money supply (M2). M2 money supply roughly refers to the total amount of currency in circulation, plus near money, or highly liquid non-cash assets that can be easily converted to cash. “When global… Source link

Litecoin continues to go up the price chart. Its growth has been gradual, unlike Loopring and Flow. And, with this strategy, the altcoin has managed to stay out of the volatile zones. Thus, giving itself room to chart gains without the worry of a reversal. This is one reason why Litecoin is giving no reaction whatsoever to the investors and also to the social media users’ trolls. Litecoin might moon In a recent report, Santiment highlighted that the crypto crowd was suddenly… Source link

Crypto-focused data analytics platform Messari plans to raise fresh financing at a $300 million valuation, according to The Block. Messari founder and CEO Ryan Selkis declined to comment on the funding, but tweeted: “I don’t comment on market rumors related to Messari, but… We’ve scaled to 130 people on zero net operating burn, had a record July, and are hiring $35mm worth of developers to help bring transparency and institutional-grade data tool to the crypto market.” Source link