Fed’s Brainard says crypto needs regulation now before it becomes so big that it threatens financial system
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submitted by /u/Little-ears [link] [comments]
Tesla CEO Elon Musk has formally informed Twitter that he is terminating his $44 billion bid to buy the social media platform. “Twitter is in material breach of multiple provisions” of the agreement, Musk’s lawyer explained. Musk Ending Deal With Twitter Citing ‘Material Breach of Multiple Provisions’ Tesla and Spacex CEO Elon Musk’s lawyer sent […]
Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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I just started mining ravencoin a few hours ago, with my legion 5 3060 laptop, I wonder when can I receive the ravencoin? I am currently using ravenpool.ninja pool right now. Also, GPU temperature keeps the 80 degrees so it seems pretty good so far, or should I lower the temperature limit to 70? …
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There are a lot of bitcoin forecasts that are circulating around the crypto space. However, pinpointing the correct level that the digital asset will fall into has been one of the hardest tasks. Nevertheless, the analysis can often try to tell what will happen next for the digital asset due to market movements and one of those analyses has been put forward by Peter Brandt, a notable name in the crypto space. Brandt Says Brace For Downtrend In a recent tweet, the market analyst and trader had posted a chart that put forward what he believed was next for the price of bitcoin. By that point, the digital asset was still trading below $20,000 and with market momentum declining, it wasn’t expected that there would be much recovery and Brandt’s chart said as much. He had identified what is referred to as a pennant, a series of market movements that shows where the digital asset price had peaked at a point and would be making a drastic change. This time around, the analyst put forward that since the movement trend identified looked like a pennant, it was most likely a pennant. Related Reading | Decline In Bitcoin Miner Revenues Suggests More Sell-Offs May Follow The thing about pennant formations is that they are famous for preceding a decline in price. The last time a pennant had been identified, as shown in the chart, had been back in June. It had preceded the market crash that saw bitcoin’s price touch as low as $17,600. So if Brandt’s analysis is right, then the price of bitcoin would be expected to fall to this point once more. When it looks like a pennant and acts like a pennant it is often a pennant $BTC pic.twitter.com/O7RtnvFSp0 — Peter Brandt (@PeterLBrandt) July 5, 2022 But Is Bitcoin Listening? One thing about the movement of bitcoin in the market is the fact that it does not exactly follow any logic or reason. The volatility that is associated with the cryptocurrency is one of its best and worst-selling points at the same time, which makes it impossible for anyone to accurately pinpoint its next move. BTC loses momentum | Source: BTCUSD on TradingView.com Peter Brandt’s analysis had been posted when the digital asset was trending at $19,000 but since then, the price of bitcoin has gone up instead of down as was expected from the analysis. This clear deviation from the expected shows that the formation of a pennant may now always mean impending doom for the digital asset. Related Reading | SEC Still Against Spot-based Bitcoin ETFs. Is There A Light At The End Of The Tunnel? However, as the weekend is drawing to a close, bitcoin has lost about half of the value it has added in the last day. This reversal of a recovery trend suggests that the results of the pennant formation may not have been averted but simply delayed. If this is true, the market will likely see a 20% decline in the price of bitcoin in the coming day. Featured image from Pixabay, charts from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
Twitter’s secrecy on fake and spam account numbers on the platform is the main reason for tech mogul’s decision, a Friday letter revealed.
Ripio, an Argentina-based cryptocurrency exchange, announced the launch of two products, a cryptocurrency educational textbook to help newcomers navigate the crypto market, and a Web3 wallet that the company aims to position as an easy gateway to the metaverse. While other Latam-based exchanges have laid off some staff to survive the current market, Ripio is […]
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The team appears to be hiding from the fact that their negligence cost users around 100 million US dollars. The only statement they have made is "We are working with their partners to understand how this has affected their customers", effectively trying to distance themselves from the effects of their own incompetence, while playing dumb…
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