Bitcoin

Welcome readers, and thanks for subscribing! The Altcoin Roundup newsletter is now authored by Cointelegraph’s resident newsletter writer Big Smokey. In the next few weeks, this newsletter will be renamed Crypto Market Musings, a weekly newsletter that provides ahead-of-the-curve analysis and tracks emerging trends in the crypto market.  The publication date of the newsletter will remain the same, and the content will still place a heavy emphasis on the technical and fundamental analysis… Source link

Bitcoin (BTC) climbed back to $20,500 at the Oct. 28 Wall Street open as United States equities sought a stronger finish to the week. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bets that $20,000 will fail as support increase Data from Cointelegraph Markets Pro and TradingView showed BTC/USD capitalizing on renewed optimism as markets began trading. The atmosphere was volatile after tech stocks suffered a major out-of-hours rout, with Bitcoin managing to avoid sustaining knock-on… Source link

Bitcoin (BTC) has been consolidating inside the $18,000–$20,000 price range since mid-June, pausing a strong bear market that began after the price peaked at $69,000 in November 2021. Many analysts have looked at Bitcoin’s sideways trend as a sign of a potential market bottom, drawing comparisons from the cryptocurrency’s previous bear markets that show similar price behaviors preceding sharp bullish reversals. Here are three strikingly similar trends that preceded past market… Source link

Bitcoin (BTC) is decoupling from big tech as disappointing earnings fail to spark any major BTC price losses. Economic data for Q3, 2022, saw heavy losses for some tech stocks, but BTC/USD avoided a chain reaction. Bitcoin hodlers shrug off Q3 tech results The largest cryptocurrency shed around $800 over Oct. 27, or 3.8%, after hitting its highest levels in six weeks. At the time of writing, Bitcoin was still around $20,200, offering more consolidatory trading behavior than a major… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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… Source link

Bitcoin (BTC) consolidated gains on Oct. 27 as the highest levels in six weeks gave way to sideways action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin impresses with stability on GDP print Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $20,500 on Bitstamp after reaching local highs of $21,012 the day prior. The largest cryptocurrency trod water in line with United States equities at the Wall Street open, with the S&P 500 flat and the Nasdaq… Source link

Bitcoin (BTC) has seen record buying activity as BTC/USD returns to six-week highs. The latest data from on-chain analytics firm CryptoQuant shows more BTC leaving major exchange Binance in a single day than ever before. Binance finishes the day 55,000 BTC lighter Despite warnings that a macro bottom may not yet have occurred, Bitcoin investors have wasted no time snapping up BTC above $20,000. The past two days’ gains delivered a sea change to exchange user behavior, with BTC balances… Source link

“Markets have leaned optimistic for most of the year, only to be served a reality check by monthly economic data prints fueling continued Fed hawkishness. However, tides are potentially slowly starting to turn, with the Fed hinting at a potential slowing of rate hikes, not an outright pivot,” Josh Olszweicz, head of research at digital asset fund manager Valkyrie Investments told CoinDesk, noting the weakness in yields and the dollar index. Source link

Popular mobile payments service Cash App has added a layer-2 payment protocol Lightning Network to help users transact with bitcoin, nearly three years after it initially announced it will do so. The feature was rolled out secretly earlier this year to a handful of users. At the time, the company founded and run by the former co-founder and CEO of Twitter, Jack Dorsey, has not issued any official notice, but some Cash App users reported that the Lightning functionality is already available… Source link

Research has detailed Bitcoin’s recent record-low volatility and, while traders expect an eventual price breakout, the Oct. 26 BTC price move to $21,000 is not yet being interpreted as confirmation that $20,000 has now become support.  In a recent “The Week On-chain Newsletter,” Glassnode analysts mapped out a bull case and a bear case for BTC. According to the report, the bear case includes limited on-chain transaction activity, stagnant non-zero address growth and reduced miner… Source link