Bitcoin

Text size Bitcoin prices have fallen back after a recent rally. Edward Smith/Getty Images The prices of … Source link

Bitcoin (BTC) faced a new threat of a dip below $40,000 on April 8 as short timeframes failed to rescue bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin risks return to $38,000 support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating in a range bounded by $44,000 prior to Friday’s Wall Street open. The pair had reduced volatility after a comedown from 2022 highs during the week, but analysts warned that a return to the year’s… Source link

Speaking to attendees at an American University event, Yellen highlighted the differing perceptions about crypto, saying that’s often the case with “transformative” technology. “Some proponents speak as if the technology is so radically and beneficially transformative that the government should step back completely and let innovation take its course,” she said. “On the other hand, skeptics see limited, if any, value in this technology and associated products and advocate that the… Source link

Cryptocurrency is taking center stage in Miami this week. It’s being dubbed the biggest Bitcoin event in the world as companies and cryptocurrency enthusiasts gather to share ideas. The crypto craze continues to grow with celebrities hawking it and sporting arenas being named after crypto exchange companies. Then, there are people like Eddie Lynch Jr., 24, who are mining crypto. “I dove into mining, figuring out what it is, how I can benefit from it,” said Lynch, who lives in Palm Beach County.

Bitcoin (BTC) may track sideways for another two years before reigniting its bull run, new data argues. In a tweet on April 6, veteran trader Peter Brandt highlighted historical patterns, suggesting that hodlers will have to wait until 2024 for their next moonshot. 8 months down, 25 to go? Bitcoin has surprised analysts with its performance over the past year, as the highly anticipated “blow-off” top in Q4 2021 was much lower than expected. After BTC/USD lost over 50% of those modest new… Source link

Some analysts believe the four-year market cycle is changing and that the halving schedule may no longer determine cyclical conditions as Bitcoin closes in on the mid point between halvings. The halving is when the amount of Bitcoin (BTC) rewards issued per new block mined is reduced by half. The next halving will happen around May 5, 2024, andl reduce block rewards to 3.125 BTC. According to author @Alerzio on the Santiment blog on April 4, “the important resistance on the way is $50K.”… Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Bitcoin (BTC) has been struggling to break the $47,000 resistance and even with April 6’s drop below $44,000, there is still mounting evidence that the market structure is healthy.  On Dec. 3, 2021, Bitcoin initiated a 25.6% correction that lasted 18 hours and culminated with a $42,360 low. Four months later, the price remained 18% below the $56,650, closing on Dec. 2, 2021. Much has changed over that period, and hard evidence comes from other sections of the sector. Between February 15 and… Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Hashdex partner Bruno Ramos de Sousa says the one caveat about Bitcoin stock is that it’s volatile. Reacting to Bitcoin‘s stock price dropping significantly over the last two days, Hashdex partner Bruno Ramos de Sousa said the stock‘s fall marks a “good entry point” for investors to buy the cryptocurrency on “Mornings with Maria” Wednesday. STOCK FUTURES TRADE LOWER AHEAD OF RUSSIAN SANCTIONS, FED MINUTES BRUNO RAMOS DE SOUSA: This is trending in between the 43K and 48K band in the… Source link