The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The latest United States producer price index (PPI) figures were released yesterday morning showing a 10% annual index change. The PPI tracks price changes received for goods and services across domestic producers and will be an important key input in the Federal… Source link

The below is a direct excerpt of Marty’s Bent Issue #1179: “Stratum V2 progress spotted in the wild.” Sign up for the newsletter here. Here’s something very encouraging to see; a working demo of Stratum V2 in the wild. Even better, a working demo dropping on the same day as a thorough report on Stratum V2 from the mining team at Galaxy Digital. via Galaxy Digital For those of you freaks who are unaware of or have forgotten what Stratum V2 is and why it’s important; it is a new mining pool… Source link

Over the past two months, Bitcoin (BTC) has respected a slightly ascending trend, bouncing multiple times from its support. Even though that might sound positive, Bitcoin’s performance year-to-date remains a lackluster negative 14%. On the other hand, the Bloomberg Commodity Index (BCOM) gained 2% in the same period. Bitcoin/USD 1-day candle chart. Source: TradingView The broader commodity index benefited from price increases in crude oil, natural gas, gold, corn, and lean hogs. Worsening… Source link

The project to create a faster, cheaper and more scalable version of Ethereum hit an important milestone this week, marking the beginning of the end of a long-delayed and increasingly necessary project to build a better blockchain. The Ethereum 2.0 project will boost the transactions per second (TPS) capability of the top blockchain for both centralized and decentralized finance, or DeFI, projects — as well as gaming, non-fungible tokens (NFTs), metaverses and pretty much everything else… Source link

What happened The broader cryptocurrency market is surging in today’s trading. Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) were up 3.6%, 4.7%, and 1.8%, respectively, over the previous 24-hour period as of 12:30 p.m. ET Wednesday. Reports that some progress is being made on peace talks between Russia and Ukraine appear to powering a rebound in bullish momentum today. It’s also possible that investors are anticipating a… Source link

Image source: Getty Images Bitcoin is down nearly 3% this past week, while these three projects have blazed past it with big double-digit gains. Key points In 2021, Bitcoin saw a 73% return for investors according to Arcane Research; and the 10 years prior it had annualized returns of more than… Source link

Ethereum’s native token Ether (ETH) could reach back to $3,000 in March, backed by a mix of short-term technical, fundamental, and on-chain catalysts. ETH price paints “symmetrical triangle” The first interim bullish outlook for Ether ironically comes from a bearish continuation pattern Notably, ETH’s 50%-plus decline from its all-time high of around $4,650 on Dec. 2, 2021, followed up with forming a consolidation channel called a symmetrical triangle. Hence, the Ethereum token has been… Source link

Monero receives a strong long-term technical score of 91 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. XMR currently holds a superior long-term technical analysis… Source link

Welcome to Newsweek‘s cryptocurrency news: in this daily update we will be looking at the movement and outlook for major cryptocurrencies, including Bitcoin, with a technical analysis. Meanwhile, the Newsweek Cryptocurrency Index has data on 11 currencies, with individual strength comparisons. Bitcoin (BTC/USD) Outlook Key Highlights Bitcoin edged above $40,000 ahead of the Fed’s monetary policy meeting on Wednesday. The U.S. central bank is expected to hike rates by 25 basis points, and markets… Source link

Moves in Korea have given bitcoin a huge boost. Reuters/Dado Ruvic/Illustration Bitcoin shot up above $40,000 today, rallying on the news that the incoming South Korean president is bullish on crypto. The cryptocurrency market capitalisation shot up 2% today on the back of several positive factors, such as the EU abandoning critical legislation that would have led to an effective ban on bitcoin mining in the bloc. Bitcoin (BTC-USD) has rallied up 3.6% today, breaking through the $40,000 mark in… Source link