Bitcoin price poised for ‘very big move’ as CPI due to spark volatility
BTC price action may stay cool until October 12, one analyst argues, as a historical volatility indicator prints a rare warning signal. Go to Source Powered by WPeMatico
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Fall to 1-Week Lows, as Markets Prepare for Big Week of Data
Bitcoin was trading near a key support point on Monday as markets prepared for a big week of economic data. The headline release will be Wednesday’s U.S. inflation report, which is forecasted to come in at 8.1% for September, which is lower than August’s rate of 8.3%. Ethereum was also in the red, as the … Read more
Biggest mining difficulty spike in 14 months — 5 things to know in Bitcoin this week
Macro forces are brewing, while Bitcoin network fundamentals defy the bears — which side will win out when it comes to BTC price action? Go to Source Powered by WPeMatico
Crypto traders shift their focus to altcoins while Bitcoin price consolidates
Traders shift their focus to XRP, UNI, QNT and EGLD while Bitcoin continues to consolidate around the $20,000 level. Go to Source Powered by WPeMatico
Progress Toward Bitcoin’s Halving Is 60% Complete, Block Times Suggest Reduction Could Happen Next Year
According to countdown statistics based on the average block generation time of around ten minutes, progress toward the next Bitcoin block reward halving has surpassed 60%. However, while most halving countdown clocks leverage the ten-minute average, the countdown leveraging the most current block intervals of around 7:65 minutes shows the halving could occur in 2023. … Read more
Brazil Registers Record Number of Institutions Declaring Cryptocurrency Holdings
Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and more institutions are eager to purchase cryptocurrency, and also indicate that the most significant volumes are moved using Tether’s stablecoin usdt. Institutions Are Holding More … Read more
Mt Gox Saga Nears End of the Road — Creditors Required to Register With Exchanges, Bitstamp Selected by Trustee
Mt Gox creditors have been issued new information concerning their claims and it seems they now have until January 10, 2023 (Japan time) to register for a repayment method. The latest notice says that any creditors that wish to receive payment, must finish the “selection and registration” section on the system platform by the deadline. … Read more
Trading Volume Drops Significantly for Bitcoin and Ethereum as Cryptocurrency Markets Remain Unchanged
After holding support on Friday, cryptocurrency markets continue to trade sideways with little to no change for Bitcoin, Ethereum, BNB, and other major crypto assets. We’re not seeing any movement today because of Bitcoin’s peg with the stock market, and since global markets are closed today, BTC is waiting on the sidelines for the next … Read more
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Recent Declines on Saturday
Bitcoin was trading lower on Saturday, as cryptocurrency prices continued to trade in the red following the latest U.S. nonfarm payrolls (NFP) report. The token dropped for a fourth consecutive day, moving closer to a key support point in the process. Ethereum was also in the red, hitting a five-day low in the process. Bitcoin … Read more
Bitcoin price gives up key trend line as US jobs data deals 5% losses
A snap unemployment report sparks an instant risk asset sell-off, with BTC price action staying below $20,000 since. Go to Source Powered by WPeMatico