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Bitcoin (BTC/USD) Analysis Key Highlights BTC’s price is in the consolidation phase between $45,850 and $34,324 with a bullish bias. The pair is trading within a symmetric triangle. Technical Analysis Intraday trend – Bullish On the daily chart, the pair is trading above Tenken-sen ($40,079), Kijun-sen (39,828), and below Ichimoku Kumo cloud ($41,030). It hits a high of $40,957 at the time of writing and is currently trading around $40,769. Major support is seen at $39,485. A drop below this level… Source link

In a few minutes, electronic music will start pulsing, stuffed animals will be flung through the air, women will emerge spinning Technicolor hula hoops, and a mechanical bull will rev into action, bucking off one delighted rider after another. It’s the closing party of ETHDenver, a weeklong cryptocurrency conference dedicated to the blockchain Ethereum. Lines have stretched around the block for days. Now, on this Sunday night in February, the giddy energy is peaking. … Source link

Bitcoin (BTC) miners are holding more and more Bitcoin while “relentlessly expanding” their operations in 2022. A report by Arcane Research indicates that publicly listed Bitcoin miners are “constantly looking for expansion opportunities,” as they “plan to increase hashrate faster than the whole network in 2022.”  Publicly listed Bitcoin miners projected hashrates. Source: Arcane Research 44.95% of the global hash rate derives from North American miners, according to the latest… Source link

SEC Chairman Gary Gensler Evelyn Hockstein-Pool/Getty Images Text… Source link

Coin Stories podcast host joins ‘Cavuto: Coast to Coast’ to discuss economic strategies involving crypto currency as interest rates continue to rise. Bitcoin is trading above $40,000 after a day that saw its three-day winning steak snapped. The cryptocurrency is off more than 2% month-to-date and down 12% year-to-date.   The European Union’s securities, banking and insurance watchdogs issued a warning about cryptocurrencies this week. Consumers risk losing all their money invested in… Source link

On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called “Energy Cancelled,” which describes the economics behind the ongoing Russia-Ukraine war. Hayes explains in his 26-minute long opinion piece that historians may point to February 26, 2022, as the time in history when the “Petro Dollar / Euro Dollar monetary system” ended. Speculation Concerning an Independent International Monetary and Financial System Free From the… Source link

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Despite our cautious macroeconomic outlook, bitcoin supply side dynamics look extremely strong. The amount of bitcoin as a percentage of circulating supply that hasn’t moved in one year or more is approximately 1% away from all-time high levels. Previous occasions… Source link

Chunumunu/iStock via Getty Images Quick Summary HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) is different compared to many miners because it mines both Bitcoin and Ethereum, whereas most publicly traded miners only mine Bitcoin currently. The differentiation has created a different risk profile, which is even more complex due to the impending switch of Ethereum to proof-of-stake. Compared to the selected peer group, HIVE leads in many ways fiscally and has mixed results operationally. … Source link

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