Bitcoin

During the first week of July, bitcoin prices have risen to their highest level since mid-June, coming as U.S. Non-Farm Payrolls handsomely beat expectations. However, as we head into the remaining weeks of the month, questions still linger on if this momentum can be maintained, despite the current uncertainty in the market. Bitcoin’s Current Market Status Looking back at June, bitcoin (BTC) started the month trading around the $30,000 mark, however exactly four weeks ago today,… Source link

In principle, MiCA offers a sweet deal to crypto companies – who, in exchange for jumping through the EU’s hoops, get to market their wares across the bloc, which is one of the biggest economies in the world. But there’s still some pretty major questions over exactly who will have to sign up to the new system, and whether stablecoin rules that are designed to avoid collapses like terraUSD’s (UST) might strangle the market all together. In particular, there’s a lot of confusion… Source link

Text size Cryptos are recovering after weeks of losses. Dreamstime Bitcoin led a… Source link

Bitcoin (BTC) may be down 70% from its November 2021 peak, but its rebound move in the past three weeks is raising the possibility of more upside in Q3. Bitcoin eyes 30% price rally At the core of the bullish argument is a technical pattern called the “Adam-and-Eve double bottom.” Notably, the structure appears when the price forms two bottom-and-recovery cycles. The first cycle, called “Adam,” features a pointed bottom while the other, called “Eve,” is round-shaped. Also, the peaks of both… Source link

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The company mined 707 bitcoin during Q2 – that’s up 8% from Q2 one year ago, but down from 1,259 mined in Q1. At issue were “operational obstacles” including maintenance issues and a severe storm at the power-generating facility supplying the company’s Hardin, MT rigs, and continued delays in energization for nearly 30,000 installed miners in Texas. Source link

“With spot prices currently at $1,060, this means ETH 2.0 stakers are on average holding a loss of -55%,” Glassnode wrote. “If we compare this to the realized price for the entire ETH supply, 2.0 stakers are currently shouldering 36.5% larger losses compared to the general Ethereum market.” Source link

A descending triangle pattern has been pressuring Bitcoin (BTC) for the past three weeks and while some traders cite this as a bullish reversal pattern, the $19,000 support remains a crucial level to determine the bulls’ fate.  BTC-USD 12-hour price. Source: TradingView Despite the apparent lack of a clear price bottom, Bitcoin derivatives metrics have significantly improved since June 30 and positive news from global asset manager VanEck may have eased traders’ sentiment. On July 5, two… Source link

Bitcoin (BTC) faces a new selling threat in the near future as users of defunct exchange Mt. Gox prepare to get their BTC back. In fresh correspondence dated July 6, attorney Nobuaki Kobayashi, appointed trustee in the Mt. Gox rehabilitation process, confirmed that he was “preparing to make repayments” to account holders. Cash, Bitcoin or Bitcoin Cash? Over eight years after Mt. Gox imploded, it appears that those who lost money are about to receive BTC. The event has been long coming, as have… Source link

Bitcoin (BTC) said “no” to volatility for a third day on July 7 as Wall Street trading began with little change in mood. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Next move “likely sets direction going forward” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it fluctuated just north of $20,000, retaining a pattern characteristic of the week so far. The pair stayed well within a defined range overnight, leading analysts to assume that a break up or… Source link