Some analysts believe the four-year market cycle is changing and that the halving schedule may no longer determine cyclical conditions as Bitcoin closes in on the mid point between halvings. The halving is when the amount of Bitcoin (BTC) rewards issued per new block mined is reduced by half. The next halving will happen around May 5, 2024, andl reduce block rewards to 3.125 BTC. According to author @Alerzio on the Santiment blog on April 4, “the important resistance on the way is $50K.”… Source link

The cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond purchases would need to happen in order to combat inflation. Members did concede that this would result in negative pressure being placed on financial markets and this seems to be exactly what happened on April 6.  Data from Cointelegraph Markets Pro and TradingView shows that the… Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Cryptocurrencies stopped declining in January and are trying to resume the larger uptrend, although that is not so straightforward. The bearish momentum of previous months has ended and most cryptos made some respectable gains over the last month, with Bitcoin (BTC) increasing above $48,000 from $33,000, which suggested that perhaps the larger bullish trend has resumed. But this week we are seeing a pullback, although it’s not certain whether this is just a pullback before the bullish… Source link

Bitcoin (BTC) has been struggling to break the $47,000 resistance and even with April 6’s drop below $44,000, there is still mounting evidence that the market structure is healthy.  On Dec. 3, 2021, Bitcoin initiated a 25.6% correction that lasted 18 hours and culminated with a $42,360 low. Four months later, the price remained 18% below the $56,650, closing on Dec. 2, 2021. Much has changed over that period, and hard evidence comes from other sections of the sector. Between February 15 and… Source link

What happened The price of several of the most popular cryptocurrencies fell today as investors evaluated moves by the Federal Reserve, which is desperately trying to rein in surging inflation. The price of the world’s largest cryptocurrency, Bitcoin ( BTC -2.88% ), has fallen roughly 3.5% over 24 hours as of 10:46 a.m. EST. Meanwhile, the price of the world’s second-largest cryptocurrency, Ethereum ( ETH -4.40% ), has fallen 5.4%, Dogecoin ( DOGE -13.14% ) is… Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Bitcoin fell below the $45,000 level on Wednesday, as the selloff in crypto markets extended, following strong gains last week. ETH was also down in the session, slipping to a five-day low in the process. Overall, the global crypto market cap fell by 4% as of writing. Bitcoin BTC fell below $45,000 during Wednesday’s session, as markets were waiting for the release of latest FOMC meeting minutes. The minutes typically provide traders an inside look into the thinking of the Fed,… Source link

Hashdex partner Bruno Ramos de Sousa says the one caveat about Bitcoin stock is that it’s volatile. Reacting to Bitcoin‘s stock price dropping significantly over the last two days, Hashdex partner Bruno Ramos de Sousa said the stock‘s fall marks a “good entry point” for investors to buy the cryptocurrency on “Mornings with Maria” Wednesday. STOCK FUTURES TRADE LOWER AHEAD OF RUSSIAN SANCTIONS, FED MINUTES BRUNO RAMOS DE SOUSA: This is trending in between the 43K and 48K band in the… Source link

The daily transactions involving the richest Litecoin (LTC) addresses — “whales” that hold 10,000 to 1 million LTC — have jumped to their highest levels since December 2021. Litecoin selloff ahead? On-chain analytics platform Santiment detected a total of 3,458 LTC transactions worth over $100,000 on April 5, calling it “an indicator of mid-term price direction shifts.” Meanwhile, Litecoin’s price continued its correction move on April 6, down 13% from recent highs of $135 on March 30.