Bitcoin

Alex Dovbnya Bitcoin experienced a bout of volatility due to lighter-than-expected inflation data. The price of Bitcoin (ETH), the leading cryptocurrency, surged to an intraday high of $24,010 on the Bitstamp exchange at 12:48 a.m. UTC. Ethereum (ETH) and other top altcoins also spiked sharply higher.  The most recent spike came after cooler-than-expected inflation data. The headline consumer price index (CPI) for the previous month increased by 8.5%, which is below analysts’… Source link

Bitcoin was trading at $35,000 early this year and experienced multiple crashes almost every month. BTC’s price slashed to half in June after it plummeted to $18,000 dragging the entire crypto markets down with it. Leading cryptos are down more than 65% from their all-time highs and shed all profits they generated last year. However, despite the markets tanking, a majority of investors seem to be unfazed by the crash. A recent survey published by Civic Science indicates that the majority… Source link

“Often, you just don’t know within four days what the real facts are,” he said. As written, the proposed SEC rules essentially require companies to “make very important decisions with very little information.” Meanwhile, another federal agency — which has its own set of cyber incident reporting regulations in the works, separate from the SEC’s — has been carrying itself much differently, according to Simonis and numerous others in the security community. The Cybersecurity and… Source link

Bitcoin (BTC) hit multi-day lows into Aug. 10 as crypto traders braced for impact with fresh United States inflation data.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Market “could get ugly” if CPI keeps rising Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $22,668 on Bitstamp at the most recent daily close — its lowest since Aug. 5. Bullish momentum had evaporated during the day prior, and the mood among traders was firmly risk-off as… Source link

Bitcoin had an impressive performance in July, along with major digital tokens that have hit their targets in the last four weeks. Bitcoin (BTC) increased by over a quarter, reaching $24,000, while Ethereum increased by approximately 55 percent, trading around $1,700. In the first week of July, the price of BTC led a strong increase in the price of all cryptocurrencies. Not unexpectedly, this contributed to the rise of Bitcoin mining stocks, an Arcane research… Source link

The king coin of cryptocurrencies continues to divide opinions among skeptics with its latest movement. After rejecting the $24.2K resistance, BTC prices have crashed below $23,450 at press time according to CoinMarketCap. This rejection has raised many eyebrows in the community since market conditions have improved of late. Galaxy Digital CEO Mike Novogratz recently told Bloomberg that he remains doubtful if Bitcoin will push the $30K barrier anytime soon. “Will Bitcoin get… Source link

Bitcoin price started a fresh decline from the $24,250 resistance zone against the US Dollar. BTC declined below $23,000 and remains at a risk of more losses. Bitcoin started a fresh decline below the $23,500 support zone. The price is now trading below the $23,500 level and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $23,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $23,250… Source link

Bitcoin, the largest cryptocurrency holds on to two main catalysts for support. Mainly the mining activity and transactional requirements via the Lightning network. But it seems like the former took a major hit while the latter continues to aid the network reach new heights. Here’s the analogy  Bitcoin miners have experienced a trap in the crypto market because of the recent crypto crash. Now with Bitcoin prices plunging in 2022, underwater miners are forced to sell into a… Source link

Bitcoin, the largest cryptocurrency holds on to two main catalysts for support. Mainly the mining activity and transactional requirements via the Lightning network. But it seems like the former took a major hit while the latter continues to aid the network reach new heights. Here’s the analogy  Bitcoin miners have experienced a trap in the crypto market because of the recent crypto crash. Now with Bitcoin prices plunging in 2022, underwater miners are forced to sell into a… Source link

Closely followed analyst Lyn Alden says one macroeconomic factor could signal the end of Bitcoin’s (BTC) bear market. In a new interview with market analyst Alessio Rastani, Alden says that Bitcoin’s performance is tightly correlated with the expansion or deceleration of global money supply (M2). M2 money supply roughly refers to the total amount of currency in circulation, plus near money, or highly liquid non-cash assets that can be easily converted to cash. “When global… Source link