Bitcoin crosses $66K as traders eye 2 key indicators for $70K target – Cointelegraph
Bitcoin (BTC) has risen 7.54% in the past 24 hours, amid upbeat US inflation statistics and as traders focus on two key indicators that could now push it up to $70,000. It exceeded $65,000. Pseudonymous crypto trader Blockchain Mane told Cointelegraph that it is important to analyze the geometric and cyclical movements of the crypto […]
Bitcoin could soon 'BLOW higher' on bullish candle hammer: Glassnode execs – Cointelegraph
Bitcoin (BTC) traders are pointing to a “bullish candle hammer” appearing on Bitcoin’s weekly price chart, which could signal a possible reversal of last month’s downtrend. It is said that “Bitcoin still looks like it’s going to skyrocket,” Jan Happel and Yana Aleman, founders of market intelligence firm Glassnode, wrote on their shared X account […]
Traders rush to short Ether as Grayscale pulls its futures ETF plan – Cointelegraph
Ether traders piled up short positions in the past 24 hours, just as Grayscale Investments withdrew its application to the Ethereum Futures Exchange Traded Fund (ETF). Ether (ETH) is hovering around the major support level at $3,010, down 1.85% over the past 24 hours. according to To CoinMarketCap data. However, traders are increasingly confident that […]
Bitcoin 'as strong as ever' with record high 200-day moving average – Cointelegraph
Bitcoin (BTC)’s 200-day moving average is at an all-time high of $50,178, an important technical indicator for predicting long-term Bitcoin price trends, suggesting a bullish long-term outlook. This indicator reached its peak on May 6th. according to Buy Bitcoin worldwide. This comes as Bitcoin is recovering from a post-halving price drop that saw it drop […]
Back to extreme greed past $65K? 5 things to know in Bitcoin this week – Cointelegraph
Bitcoin (BTC) begins the new week with a return to $64,000 and bullish sentiment back in focus. In an impressive comeback, BTC price action has moved well off its recent swing lows, netting nearly $8,000 in gains against last week’s decline. Even though some of these gains came over the weekend, the gains proved to […]
Cardano founder proposes Bitcoin Cash integration in X poll – Cointelegraph
Cardano founder Charles Hoskinson recently posted a “hypothetical survey” on the X social media platform asking the crypto community if they are interested in integrating Cardano and Bitcoin Cash. The poll received more than 12,000 votes in the first 24 hours, with an early majority of 66.3% voting “yes” to the proposal. Source: @IOHK_Charles from […]
Coinbase faces new lawsuit over alleged investor deception – Cointelegraph
Cryptocurrency exchange Coinbase and its CEO Brian Armstrong are facing a new class action lawsuit alleging that investors were duped into buying securities and that the company’s business model is illegal. ing. lawsuit It has been submitted Represented California and Florida plaintiffs Gerald Aceves, Thomas Huang, Edwin Martinez, Tiffany Smoot, Edward Cordy, and Brett Maggard […]
Sui Network clears up misunderstandings on token supply – Cointelegraph
Sui Network has clarified misconceptions regarding token supply. In a post on X, Layer 1 Blockchain refuted criticism of Tokenomics regarding the distribution and control of S SUI tokens. Sui said in a statement, maintain Its tokenomics are sound and it uses a trusted third party to handle storage of tokens. The company claims that […]
Bitcoin opens $63K futures gap as thin liquidity threatens BTC price – Cointelegraph
Bitcoin (BTC) saw a new BTC price rise in after-hours trading, rising to $64,500 on May 4th. BTC/USD 1 hour chart. Source: TradingView Bitcoin volatility increases as the weekend begins Cointelegraph Markets Pro and TradingView Bitstamp confirmed a local high of $64,522, marking a new May high. The strength in the US jobs report supported […]
Grayscale's GBTC stops bleeding: First inflow since launch – Cointelegraph
Grayscale Investments has achieved first-day net inflows into Grayscale Bitcoin Trust (GBTC). This comes after nearly four months of continued outflows since Bitcoin was converted into an exchange-traded fund (ETF) in January. On May 3, Grayscale’s GBTC saw inflows of $63 million, after recording approximately $17.5 billion in outflows since the launch of 11 spot […]