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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.

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.

BTC and ETH were once again lower during today’s trading session, as both were trading close to two-week lows. Bitcoin dropped below $43,000 for the first time since March 24, while ETH hit a bottom near $3,100 on Thursday. Bitcoin Bitcoin continued trading lower on Thursday, as the world’s largest cryptocurrency fell below $43,000 for the first time in over two weeks. Following a peak of $45,424.98 on Wednesday, BTC/USD fell to an intraday low of $42,899.91 during today’s… Source link

If you see the bigger markets pick up, then Monero might be a nice way to pick up a bit of momentum in the crypto markets. Monero pulled back on Wednesday to test the 200-day EMA yet again, which sits at the $210 level. That is an area that the market has respected previously, so it is worth noting that we have handled that area as an area that is important. The 50-day EMA is starting to rally from here and reach towards the upside, perhaps offering a potential “golden cross” in the… Source link

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 cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond purchases would need to happen in order to combat inflation. Members did concede that this would result in negative pressure being placed on financial markets and this seems to be exactly what happened on April 6.  Data from Cointelegraph Markets Pro and TradingView shows that the… Source link

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Cryptocurrencies stopped declining in January and are trying to resume the larger uptrend, although that is not so straightforward. The bearish momentum of previous months has ended and most cryptos made some respectable gains over the last month, with Bitcoin (BTC) increasing above $48,000 from $33,000, which suggested that perhaps the larger bullish trend has resumed. But this week we are seeing a pullback, although it’s not certain whether this is just a pullback before the bullish… Source link