Bitcoin

Bitcoin (BTC) tested $23,000 as support on the Aug. 1 Wall Street open with key moving averages in focus.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week moving average gets big attention Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as bulls and bears battled for control amid a tight trading range. Bitcoin had inspired with its highest weekly close since mid-June the day prior, with its monthly candle also producing the biggest gains since before… Source link

Text size Crypto prices have rallied over the past month. Dreamstime Bitcoin and… Source link

“There’s a lot of pent-up buying pressure in risk assets, including crypto,” analysts at crypto options platform Genesis Volatility wrote in Sunday’s edition of the market analytics note. “Stock FANG charts look like they could explode higher and crypto could do the same,” they wrote, referring to Facebook, Apple, Netflix and Google. Source link

According to the data available on The Block, Bitcoin (BTC) miners generated $555 million in revenue in July 2022. On the other hand, in June 2022, BTC miners generated $667 million in revenue. This indicates more than a hundred million dollar drop in Bitcoin mining revenue or a 16.7% decrease. In July, miner revenue was at its lowest. On July 31st, the number stood at 22.797 million. July also witnessed the lowest point in miner revenue at 13.929 on the 13th of July. Source:

Bitcoin (BTC) starts a new week and a new month on a cautiously positive footing after protecting crucial levels. After an intense July in which macro factors provided significant volatility, BTC price action managed to provide both a weekly and monthly candle favoring the bulls. The road to some form of recovery continues, and at some points in recent weeks, it seemed like Bitcoin would suffer even harder on the back of June’s 40% losses. Now, however, there is already a sense of optimism… Source link

This week was filled with surprises for even those haven’t been a part of the crypto niche. Bitcoin [BTC] and other cryptocurrencies continued their climb. Now that Bitcoin is above a historical accumulation signal, the question is can it reclaim its title as the inflation hedge? Bitcoin fights back Earlier this week, after the 75 bps Fed Reserve rate hike, the Biden administration confirmed that the country had entered a technical recession. After the country’s GDP contracted in the… Source link

Text size Dreamstime What would Ned Johnson do? The late, great Fidelity Investments honcho built his family’s… Source link

Bitcoin (BTC) is enjoying what some are calling a “bear market rally” and has gained 20% in July, but price action is still confusing analysts. As the July monthly close approaches, the Puell Multiple has left its bottom zone, leading to hopes that the worst of the losses may be in the past. Puell Multiple attempts to cement breakout The Puell Multiple one of the best-known on-chain Bitcoin metrics. It measures the value of mined bitcoins on a given day compared to the value of those mined in… Source link

On Friday, the Fear and Greed Index was 39, which falls within the “fear” category, but is much higher than the 6 – an extreme fear level – of June 18. In the last 12 months, the index’s highest reading of 84 – extreme greed – came last October when BTC exceeded $60,000. Source link

Bitcoin (BTC) rallied on the back of the United States Federal Reserve’s decision to hike interest rates on July 27. Investors interpreted Federal Reserve chairman Jeremy Powell’s statement as more dovish than the previous FOMC committee meeting, suggesting that the worst moment of tight economic policies is behind us. Another positive news for risk assets came from the U.S. personal consumption expenditures price (PCE) index, which rose 6.8% in June. The move was the biggest since January… Source link