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Bitcoin Technical Analysis: Persistent Bearish Trends Hinder BTC’s Recovery
29.4.2024
As of April 29, 2024, bitcoin remains under considerable bearish pressure according to multiple indicators across different time frames. Currently trading at $62,279, bitcoin has shown a 24-hour range between $61,994 and $63,929. Bitcoin Bitcoin’s (BTC) daily chart presents a stark bearish...
Is Bonk Going to Zero? BONK Price Drops 8% As Latest Meme Coin Pre-Sale Drops Soon
29.4.2024
Solana’s second biggest meme coin, Bonk (BONK), fell 8% overnight, taking some of the heavier losses amidst a crypto pullback spurred on by market leaders Bitcoin (BTC) and Ethereum (ETH). As of Monday morning, UTC, Bonk changes hands at $0.00002427. This is a near 50% decline from...
Worst month since 2022 bear market? 5 things to know in Bitcoin this week
29.4.2024
Bitcoin is on course for 12% losses in April, and with the monthly close just days away, it could end up sparking the weakest BTC price action in more than a year
Bitcoin Price Prediction as BTC Falls to $62,247 Despite Positive Market Expectations – Time to Buy?
29.4.2024
Bitcoin stumbles to $62,247, hitting a daily low amid global tensions and regulatory crackdowns—could this be a golden buying opportunity?
The post Bitcoin Price Prediction as BTC Falls to $62,247 Despite Positive Market Expectations – Time to Buy? appeared first on Cryptonews
Australian Securities Exchange Could Approve Spot-Bitcoin ETFs Before 2024-End: Bloomberg
29.4.2024
The Australian Securities Exchange (ASX), which accounts for 90% of Australia's equity market, is expected to approve the first spot-Bitcoin {BTC} exchange traded funds (ETFs) before the end of 2024, Bloomberg has reported, citing people familiar with the matter
Bitcoin top $70K or $210K? Analysts, price models clash over BTC cycle peak
29.4.2024
Veteran trader Peter Brandt sparked debate after suggesting BTC may have already hit its peak this cycle, but even he didn’t put much stock in the theory
Veteran Trader Peter Brandt Suggests BTC May Have Topped, Predicts a Decline to Mid-$30K
29.4.2024
According to veteran pro trader Peter Brandt, bitcoin may have peaked when it achieved a new all-time high of $73,835. However, there is a possibility that it could now decline to the mid-$30s or even lower, Brandt said. Interestingly, Brandt suggests that such a decline could be the “most...
Bitcoin, Ether Nurse Losses as U.S. Stagflation Fears Grip Market
29.4.2024
The crypto market is balancing the threat of stagflation against a liquidity injection from the Treasury General Account (TGA), and the launch of Hong Kong's bitcoin ETFs
Solo Bitcoin miner wins the 3.125 BTC lottery, solving valid block
29.4.2024
The solo miner netted around $200,000 in rewards for validating block 841,286
South African BTC Ponzi Scheme Mastermind Succumbs to Heart Attack While Detained in Brazil
29.4.2024
Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, recently died of a heart attack while under house arrest on a farm in Brazil. According to his Brazilian wife, Steynberg left no will and had no assets that could be inventoried. South African Police Investigate...
Former Openbazaar Dev Chris Pacia Blasts Lightning Network: Experts Knew It Would Work ‘Like Dog Sh*t’
29.4.2024
Chris Pacia, the former lead developer of the now-defunct decentralized marketplace Openbazaar, has criticized the process that led to the proposal of Bitcoin’s lightning network (LN) as a scaling solution. Pacia stated that technical experts lied to the mainstream audience in the blocksize...
Analyst Eyes $300K Bitcoin Price as BTC Approaches ‘Most Aggressive Part of the Bull Cycle’
28.4.2024
A technical analyst has highlighted that bitcoin is approaching “the point where historically the most aggressive part of the bull cycle begins,” forecasting a potential rise to $300,000 for the cryptocurrency. “Unrealistic or not, that gives us a $300,000 projection and...
Bitcoin Price Prediction as BTC Spikes Up 1.4% on the Weekend – Bullish Week Incoming?
28.4.2024
With a pivotal price of $64,075, Bitcoin's market behavior is at a critical juncture, poised either for a breakout or a significant pullback.
The post Bitcoin Price Prediction as BTC Spikes Up 1.4% on the Weekend – Bullish Week Incoming? appeared first on Cryptonews
Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall
28.4.2024
On Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about 3.55 BTC for each block they mined, indicating that bitcoin miners are receiving less than half a BTC...
Crypto trader sees best 'altseason' since 2017 as Bitcoin price cools
28.4.2024
Bitcoin and altcoins are projected to reenter bullish upside on longer timeframes, with the signs becoming clear despite consolidatory BTC price action
Bitcoin Price Prediction as Bears Push BTC Below $63,000 Level – Where is the Next Support
27.4.2024
"Amidst a slight pullback, Bitcoin hovers near the $63,000 level after peaking at $65,100, with Fidelity's investment underscoring strong institutional support
The post Bitcoin Price Prediction as Bears Push BTC Below $63,000 Level – Where is the Next Support appeared first on Cryptonews
Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs
27.4.2024
According to current metrics, older bitcoin mining rigs are not generating the same revenue as they did before the halving, particularly with the hashprice at approximately $0.056 per terahash per second (TH/s) per day. On April 25, Luxor Technologies reported a significant decline in the prices...
Bitcoin Leads 30-Day NFT Sales, Outpacing 24 Blockchain Competitors
27.4.2024
While sales of non-fungible tokens (NFTs) have declined by over 38% in the past 30 days compared to the previous month, NFTs minted on the Bitcoin blockchain have dominated, accounting for more than 44% of sales. Statistics from the last 30 days reveal that four of the top five best-selling...
Ethereum Blockchain’s New Bitcoin ‘Will’ Sellout — Mollars ICO Now Past 65% Sold
27.4.2024
Ethereum Blockchain got its own new Bitcoin flying under the radar, kind of. Publications like CryptoNews, BitcoinInsider, and CryptoPotato have all mentioned the token; but just as the initial coin offering for BTC in 2011, the new store-of-value asset has a token presale that’s drawn...
Bitcoin Sees Rise in Sell Calls Amid Expectations of Asian Institutional Boost
27.4.2024
Over the past week, bitcoin has exhibited a downward trend, with its price stabilizing at around $62,950 to $63,125 per unit as of April 27. Despite this dip, the Crypto Fear and Greed Index remains firmly in the “greed” sector. According to Google Trends, interest in the term...