Category: Cryptocurrency News

Crypto Twitter has warned others not to click on the latest link posted on OpenAI CTO Mura Murati’s Twitter account, which promises a free airdrop.

A United States Air Force colonel said the results of the simulation highlight why a conversation around ethics and artificial intelligence is needed.

Ben.ETH is a "popular" crypto influencer. About a month ago, he launched a token called $BEN. A few days after it was released, the project was rug pulled and Ben.ETH made millions of dollars from the scheme. $BEN Chart Shortly after the $BEN fiasco, Ben.ETH announced another project, but this one was going to be…
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The recovery of Bitcoin and other cryptocurrencies at the start of the year brought about hopes that the bear market had finally come to an end. However, the market has since reversed with assets in the space losing a good portion of their Q1 gains. With the current trend, it is more than likely that the bear market is not over. Historical Bitcoin Trends Suggest Otherwise Over the last four bull markets that Bitcoin has seen since its inception, a number of things stand out. The first is that the bear market following a bull market does not seem to come to an end until the year of the halving. Related Reading: Here Are The Top 3 Chinese Coins To Buy As China Leads The Bull Run The Bitcoin Halving is an important event because it cuts down the BTC block rewards in half, hence reducing the number of new BTC being released into circulation. This is a bullish event and has always heralded the start of the bull market for the cryptocurrency. Currently, the market is still about a year away from the next Bitcoin halving set to happen in 2024, and if historical trends are anything to go by, then the bear market is likely to persist through 2023 and into early next year before the first hallmarks of the bull run are seen. Following previous trends, there could still be more pain for BTC to come. If it is to lose around 85% of its all-time high value as it did before the last bull run, then the bottom of the market has likely not been reached yet either. Each bull market began with a halving event | Source: BTCUSD on TradingView.com Investor Sentiment Remains Low After the euphoria of the pump in the first half of 2023 died down, investors have been at a loss when it comes to pitching their tents. As a result, investor sentiment has drawn to a standstill as the Crypto Fear & Greed Index now sits at a neutral 52. This means that investors are not doing anything bullish like buying more Bitcoin at this time, so the bear market is persisting as sellers continue to dominate. A return back into the greed territory would see prices rise again but this is unlikely given that buyers are likely waiting for BTC to revisit $20,000 before getting back in the game. Related Reading: Optimism Crashes 33% Following Token Unlocks, Why There Could Be More Pain To Come For now, BTC is still ranging below $27,000, a support level that bears have successfully flipped into resistance. However, it is still trading above its 100-day moving average, which suggests bullish momentum in the short term, albeit a short-lived one. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com

Chinese RMB stablecoin issuer’s Shanghai office reportedly deserted after police raid, and WeChat offers Bitcoin prices — but for how long?

Maybe that's what makes people call all the other cryptocurrencies as "altcoins". I think that it is clear to all of us, and it is also obvious, that no matter how good the project is, if Bitcoin goes down with the price, eventually the entire market will be painted in red. People say that one…
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