Category: Cryptocurrency News

Traders say BTC’s current price action aligns with the Bitcoin halving model, leading some analysts to expect a $24,000 bottom before the end of the year.

In the latest update from the Ripple-SEC lawsuit, we could see that the Judge Torres has now officially updated the schedule and she has moved things up. The recent document shows that the expert testimony must be fully briefed by August 30, 2022 and the motions for summary judgements must be fully briefed by November…
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What's the go-to fully open-source privacy-respecting wallet for the desktop? Most wallets I can find are either closed-source or only partly open-source. However this is unacceptable to me as using these wallets would require trust, which I do not want to rely on when it comes to cryptocurrencies. Also, ideally I'd be able to either…
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On April 28, 2022, the crypto asset apecoin tapped an all-time high (ATH) tapping $26.70 per unit and the digital currency has taken the 25th largest market capitalization among 13,371 cryptocurrencies. The same day, the product comparison platform Finder published its prediction report that covers apecoin’s market performance and Finder’s surveyed panelists predict apecoin will […]

Bitcoin has seen some better days but that does not mean that the cryptocurrency is no longer a viable choice. The thing is that the recent downtrend has set it on a bearish path and with the market halfway to the next halving, it could very well be that the market is headed into another stretched-out bear. This is certainly the case for the short term given how the digital asset has been performing lately. Coupled with current investor sentiment and it is a recipe for disaster. Market Turns Fearful The Fear & Greed Index always helps give an idea of how investors are feeling towards the market. It is a helpful tool that aggregates data across a number of metrics and then delivers on a numbered scale. The scale has since been in the negative with the downtrend in the crypto market. However, it has gone from bad to worse as the index now reads extreme fear in terms of investor sentiment. Related Reading | Number Of Bitcoin Millionaires On The Rise As Accumulation Continues This is expected when cryptocurrencies dump in such a short amount of time. The market had seen about $200 billion shaved off in the space of a day while top coins like bitcoin and Ethereum had dumped continuously. BTC down to $38k | Source: BTCUSD on TradingView.com Bitcoin which had earlier reclaimed the $40,000 spot has once again lost it. It remains a strong resistance point with bears continuing sell-off trends causing the digital asset to fall from this point. If investor sentiment continues to be negative and no new money comes into the market, then bitcoin may very well retest the $35,000 before the weekend is over. Bitcoin Is Bearish In the short term, bitcoin has turned very bearish. A look at the indicators shows that the cryptocurrency’s price has dumped below its 50-day moving average. For a digital asset like bitcoin, it is important to stay above this level if there is to be a recovery in the short term. It has also dumped below the 5-day moving average which means that the cryptocurrency is set to be trading just around $38,000 or less in the next couple of days. Related Reading | Ethereum Whale Transactions Climb As Correlation With S&P 500 Continues The next support level also happens to lie at $37,721. Not a historically strong support level for the digital asset but if the bears were to let up a bit with their selling, then it could definitely hold. However, more likely the next support level that bitcoin stops at will be that of $37,000. Here, bulls have a stronger hold and can prepare for the next resistance. Furthermore, the market should expect significant resistance if bitcoin does try to break above $40,000 again. With less money into the market, and investors/traders being warier of putting in new money, a break above $40,000 is only likely in May. Featured image from JournalTime, chart from TradingView.com

YellowHeart Protocol, an NFT platform poised to disrupt the ticketing and music industries, is launching its utility token, HRTS (pronounced “Hearts”), on Bittrex Global’s IEO Platform Starting Block as the platform’s debut project. The Premier Marketplace for Musicians to Join the NFT Revolution YellowHeart Protocol, an NFT platform fabulously poised to disrupt the ticketing and […]

“There is always the possibility that someone inside Coinbase could, wittingly or unwittingly, leak information to outsiders engaging in illegal activity,” said Brian Armstrong.

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Does anybody know where I can find good data on which wallets are most active on EVM? Ideally it'd be monthly active users or daily active users. Obviously Metamask is most active, but what about Rainbow, Portis, Torus, MEW, etc… Thank you! submitted by /u/Equivalent_Glass4790 [link] [comments]

Bitcoin’s correlation with stocks has risen to alarming levels, according to some market analysts.