Bitcoin (BTC) may already be beginning its new macro uptrend if historical “hodl” habits repeat. That was the conclusion from research into the latest data covering the amount of the BTC supply dormant for one year or more as of July 2022. Hodled BTC hints that the bear market is over According to independent analyst Miles Johal, who uploaded the findings to social media on July 29, a “rounded top” formation in “hodled” BTC is in the process of completing. Once it does, the price should… Source link

Cardano’s ADA token underperformed as Input Output (IOG), the development lab for the Cardano blockchain, pushed back Vasil, an upgrade designed to increase Cardano’s scaling capabilities, by a few weeks. The Vasil upgrade had been scheduled for a June release on testnet release followed by mainnet launch. Source link

The Ethereum blockchain is on the verge of one of the most crucial technical updates since its inception, moving from proof-of-work (PoW) to proof-of-stake (PoS), also called Ethereum 2.0, or Eth2.  Ethereum devs gave Sept. 19 as the perpetual date for the merger of the current PoW chain to the PoS chain. The Merge is expected to be deployed on the Goerli testnet in the second week of August. After the successful integration of the Goerli testnet, the blockchain will initiate the Bellatrix… Source link

Monero gears for an upgrade in August that will improve security and speed The token has been on an uptrend ahead of the upgrade  Investors should consider any retracement of the token as an opportunity to buy. Monero XMR/USD is set for a network upgrade on August 13. The upgrade will see improved security on the privacy-focused network. The upgrade occurs after delays and will require users to update their software. New features such as “view tags” will be introduced and cut… Source link

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Bitcoin (BTC) delivered a swift six-week high into July 29 as the aftermath of the latest macro developments boosted risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Monthly close could seal 20% gains Data from Cointelegraph Markets Pro and TradingView captured local highs of $24,445 for BTC/USD on Bitstamp, its best since the week beginning June 13. After consolidating around $23,000, bulls got a second wind to propel the market higher on the back of the United States… Source link

“It was simple to understand, it was black and white,” said David Wessel, senior fellow in economic studies at the Brookings Institution and former Wall Street Journal economics editor. “The NBER definition is kind of mushy, for good reason, because there are lots of factors.” Source link

Bitcoin (BTC) price rallied toward $24,200 on July 28 after a near-10.5% surge that began a day earlier. The gains appeared after Federal Reserve Chairman Jerome Powell signaled intentions to slow down the Fed’s prevailing tightening spree. This prompted some Bitcoin analysts to predict short-term upside continuation, with pseudonymous analyst CryptoHamster seeing BTC at $26,000 next. It seems that the downside breakout was a false one, and the bullish flag has been validated. Let’s see how… Source link

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has added 6.29% to $162.65. InvestorsObserver is giving Monero a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Moderately Volatile InvestorsObserver gives Monero a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the… Source link

Ether’s (ETH) 53% rally between July 13 and 18 gave bulls an edge in July’s $1.26 billion monthly options expiry. The move happened as Ethereum developers set a tentative date for the “Merge,” a transition out of the burdensome proof-of-work (PoW) mining mechanism. Ether USD price index, 12-hour chart. Source: TradingView According to some analysts, by removing the additional ETH issuing used to finance the energy cost required on traditional mining consensus, Ether could finally achieve the… Source link