BlockFi is cutting its headcount by 20%, Crypto.com by 5%, Gemini are also cutting staff
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Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year. Bitcoin’s Price Estimate by Crypto Fund Managers PWC, a Big Four accounting firm, published its “4th Annual Global […]
Posted this 4 years ago in this sub off the back of the 2018 crash.. worth noting that with a long-term goal in mind in 2022..I still just couldn't give a fuck 🙂 https://www.reddit.com/r/CryptoCurrency/comments/87kxx2/any_hodlers_not_giving_a_fk/ Panic sells off the back of 10% market drops seem like yesterday. Memories of maximizing apps followed by panic shrieking hair…
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In the previous crypto winter, there was a real sentiment of Bitcoin never being able to recover again. It will be this kind of disbelief that signals to me we are somewhere near the bottom. I’m still seeing waaay too many positive comments and naive posts with some variation of “BTC is about to snap…
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Bitcoin has been bleeding for the last 48 hours. The wider crypto industry has been struggling to get over the immense choppiness. Over the last week, BTC traded between the levels of $33,000 and $28,000 respectively, today however, the king coin nosedived unhealthily. Selling pressure zoomed up and BTC lost its long standing $28,000 support mark because of that. Currently the coin has broken below the $25,000 price mark, BTC has not traded below this mark ever since December 2020. This level had fuelled a massive rally after December 2020 but BTC has continued to dip below the $25,000 mark at the time of writing. Financial markets including the traditional ones have also suffered lately while crypto continued to take massive setbacks one after the other. The Terra collapse along with other scams across the wider crypto industry has continued to cause downfall across the industry. With BTC consistently surrendering to the bears, it is a matter of time till it touches its next crucial price support level. Bitcoin Price Analysis: One Day Chart BTC plunged significantly over the last 24 hours and was trading at $24,000. In just one day alone the coin fell by 14%. It hasn’t revisited this level ever since the end of 2020. The immediate crucial support level for the coin is at $22,000. If sellers are determined BTC can fall to $20,000 too. Major resistance for Bitcoin stood at $28,000. The amount of BTC traded in the last session saw a massive spike as reflected on the volume bars. The volume bar was also red in colour which is a mark of bearishness. Technical Analysis Selling pressure was high as BTC continued to bleed in the last 48 hours. Previously when BTC was trading laterally, buying strength was attempting to return to the market. Right after the consolidation the coin broke below the crucial support level and buyers started to exit the market. Correspondingly, the price of Bitcoin was seen below the 20-SMA line, which signifies bearishness. This meant that sellers were driving the price momentum of the coin at the time of writing. Similarly, the Relative Strength Index was below the 20-level and that signifies heavy oversold conditions of the market. Usually, after a period of extreme selling pressure, the market observes a correction. In case of a correction, price of BTC could attempt to trade above the $25,000 mark and move near the $26,000 level. Related Reading | Bitcoin Weekly RSI Sets Record For Most Oversold In History, What Comes Next? Bollinger Bands determine the price volatility of the market and the coin fell outside of the bands. The bands opened up which indicated that price volatility was on the rise. A fall from inside the Bollinger Bands could also hint at a price reversal. Buying strength has to come back into the market for that to happen. Awesome Oscillator which displays a price momentum and also indicates a change in that, reflected a change towards bearish price momentum. The indicator also flashed red histograms and that meant sell signal for the coin. The growing bar also hinted at increased selling power, however, a change in price can be expected given the sharp increase in the number of sellers. Suggested Reading | Crypto Markets Lose $100 Billion As Bitcoin Drops Below $26K – More Pain Ahead?
https://medium.com/the-ethereum-name-service/full-dns-namespace-integration-to-ens-now-on-mainnet-9d37270807d3 There’s something I’m missing due to my limited knowledge of DNS and I would appreciate any insight the community can provide here. For discussion purposes, let’s say that I am a huge corporation like Nike and would like to utilize the benefits of ENS for payments, rewards, NFTs, etc. then why do I actually…
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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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MicroStrategy has just transferred 2089 Bitcoin ($48 million) to a new wallet for the first time ever, likely planning to dump their bags or to help us get back to all time high They’re now moments away from facing the largest liquidation in history. 20220613-233750.jpg Could it be them just sending their lender more collateral?…
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Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath. Scaramucci on How to Survive Crypto Bear Market Skybridge Capital founder Anthony Scaramucci shared his bitcoin outlook and advice on how to survive the crypto […]