Crypto analyst Nicholas Merten is warning that Bitcoin (BTC) is inches away from a “breaking point” which could cause a major capitulation event. In a new video update, Merten tells his 511,000 YouTube subscribers that what has historically been a “buy-the-dip” support level for Bitcoin is now disintegrating. “The fact that we are well suspended and not even coming up to retest those 200-days (moving average), as well as the 200-week [moving average], is a big worrying… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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… Source link

As the year comes to an end, investors will be keenly watching for a Santa Claus rally on Wall Street as many believe that if the rally does not happen, the next year may either remain flat or turn negative.  Jurrien Timmer, director of global macro at asset management giant Fidelity Investments, tweeted on Dec. 19 that the United States equities markets may remain “sideways” and choppy in 2023. He expects “one or more retests of the 2022 low, but not necessarily much worse than… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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… Source link

In a submission to the authority, the exchange pointed out that the ad was no longer live and that it promoted the trading platform, not a specific NFT. Therefore, it said, “it would be unreasonable to request that the specific ad include limitations or qualifications regarding the risk of investing in NFTs,” according to the ASA’s statement. Further, the ad referred to only to buying NFTs, which are fee free, and so “the need to mention fees in the ad was not relevant and any qualification… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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… Source link

Bitcoin (BTC) price lost 11.3% between Dec. 14 and Dec. 18 after briefly testing the $18,300 resistance. The move followed a 7-day correction of 8% in the S&P500 futures after the U.S. Federal Reserve chair Jerome Powell issued hawkish statements after raising the interest rate on Dec. 14. Bitcoin price retreats to channel support Macroeconomic trends have been the main driver of recent movements. For instance, the latest bounce from the 5-week-long ascending channel support at $16,400 has been… Source link

According to a new letter to shareholders posted on Dec. 21, Aroosh Thillainathan, CEO of German Bitcoin (BTC) mining company Northern Data, said that the firm expects to generate upwards of $202M to $206M in revenue from crypto mining operations this year. At the midpoint range, this represents a growth of 1.11% from Northern Data’s total sales of $202M for the 2021 fiscal year, when the firm grew its revenue ten-fold from 2020. Thillainathan added: “Northern Data is not carrying financial… Source link

What a year for the coins. Few could have predicted that Bitcoin’s bull run—which began at the end of 2020 and pulled the entire market up by its bootstraps—would have collapsed and annihilated virtually all of its gains.  Still, in a year that saw an industry-wide liquidity crisis catalyzed by the collapses of Terra’s UST stablecoin, FTX’s bankruptcy, and the ensuing contagion, some observers might say they’re lucky to still be standing.  According to data from CoinGecko, Bitcoin… Source link