Bitcoin (BTC) has sealed its worst August performance since 2015 after the monthly candle closed down 13.9%. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekly candle “doesn’t look good” Data from Cointelegraph Markets Pro and TradingView confirms that BTC/USD finished the month at $19,990. A knock to bulls’ efforts to stabilize spot price, the August close was only the second monthly candle finish below the $20,000 mark (depending on the exchange used) since late 2020. BTC/USD… Source link

The Golden State of California may be America’s most inquisitive state about Bitcoin (BTC) and Ethereum (ETH), new data from CoinGecko has revealed.  In a report shared by CoinGecko, internet users from California accounted for a whopping 43% of all Bitcoin and Ethereum web traffic searches on the crypto tracking website. This is despite the entire state population only accounting for 11.9% of the U.S. population. Bobby Ong, COO and co-founder of CoinGecko said it was “unsurprising” that… Source link

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Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – It was another day of underwhelming activity in the crypto market as prices traded flat in the absence of any major developments, which is typical for crypto winters.  Data from TradingView shows that several attempts by bears to hammer the price of Bitcoin (BTC) below… Source link

U.S. Equities: The S&P 500, Dow Jones Industrial Average and the tech-heavy Nasdaq Composite all traded down slightly on Wednesday, at least partly because of the tepid ADP jobs figure. The DJIA, Nasdaq and S&P 500 fell 0.9%, 0.6% and 0.8% respectively. Source link

Ethereum’s native token, Ether (ETH), looks ready to grow stronger compared to the U.S. dollar and Bitcoin (BTC) in the days leading up to its proof-of-stake transition in September. ETH price chart bullish setup The bullish outlook emerges from classic technical indicators on ETH/USD and ETH/BTC charts. For instance, ETH/USD has been forming a “falling wedge” pattern with a profit target sitting around 30% above the current prices.  Meanwhile, the ETH/BTC chart is painting a potential “bull… Source link

The cryptocurrency landscape has changed dramatically over the past five years or so, and there are now over 34 million Americans who have had some experience trading their favorite digital coins. While novelty tokens gained a lot of attention in 2021, this year has seen a noticeable shift toward innovative cryptos like BudBlockz and co. As cryptos continue to transcend the digital space to provide real-world solutions, innovative tokens will dominate the arena. Here are three that could… Source link

Ethereum was hovering close to $1,600 during Wednesday’s session, as market volatility eased today. Following a turbulent week of trading, crypto markets mostly consolidated on hump-day, with the global market capitalization down 0.23% as of writing. Bitcoin’s price was mostly unchanged, as it remained above $20,000. Bitcoin Cryptocurrency markets consolidated on Wednesday, with bitcoin (BTC) largely unchanged from yesterday’s session. Following a high of $20,542.64 on Tuesday,… Source link

“So, of course, now we can come up with an engineering solution that would say, ‘well, stake at home,’” Köppelman explained. “But next, internet service providers could block traffic that’s related to [staking]. Again, you could come up with an engineering solution, but each time you lose a percentage of users. In the end, it becomes this kind of mammoth thing where three guys have a super engineered solution, but still, regulators and broader social consensus could try to force… Source link

Text size Bitcoin has been trading below its 200-week moving average since June. Ozan Kose/AFP via Getty Images … Source link