Cryptonews Archive

Bitcoin indicator that nailed All Bottoms Predicts $15.6K BTC Price Floor

Bitcoin (BTC) needs to go lower before putting in a macro bottom, one of the market’s most accurate indicators shows. Data from sources including on-chain analytics firm Glassnode shows Bitcoin’s MVRV-Z Score is almost — but not quite — signaling a price reversal. MVRV-Z Score inches towards macro bottom Amid ongoing debate whether if, or …

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Celsius’ Options, Tether’s Commercial Paper, Blockchain.com vs. Three Arrows + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news Investments news Troubled crypto lender Celsius Network (CEL) announced that they “continue to take important steps” to preserve and protect assets and explore options, which include pursuing strategic transactions as well as a restructuring of liabilities, among other avenues. Simon Dixon, the founder of the …

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Bitcoin nears worst monthly losses since 2011 with BTC price at $19K

Bitcoin (BTC) drifted further downhill into the June 30 Wall Street open as United States equities opened with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. dollar returns to multi-decade highs Data followed BTC/USD as it abandoned $19,000 to hit its lowest in over ten days. Bulls failed to preserve either $20,000 or …

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MicroStrategy Is Back – Saylor Buys the Dip, Adds 480 Bitcoin for USD 10M

Michael Saylor’s company MicroStrategy has taken advantage of the currently low bitcoin (BTC) price by adding another BTC 480 to its coffers. The bitcoin purchase, worth around USD 10m, was made at an average price of USD 20,817 per coin, above the market price at the time of writing (12:20 UTC) of around USD 20,100, …

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G7, Bitcoin, Russia and Ukraine – Perfect Plan?

The Group of 7 (G7) countries are inadvertently making the case for Bitcoin (BTC), as gold’s shortcomings are becoming more obvious after a new move to ban imports of Russian gold. The move to ban gold imports from Russia was announced by the US, UK, Japan, and Canada during the G-7 meeting that started in …

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Anonymous Pledges to Reveal ‘Do Kwon’s Entire History’ Since He Entered Crypto

Hacktivist group Anonymous has vowed to look into the actions of Terra (LUNA) co-founder Do Kwon since he entered the crypto space in a bid to expose his alleged crimes. A video purportedly coming from the hacker group said that, “Anonymous is looking into Do Kwon’s entire history since he entered the crypto space to …

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Top 5 cryptocurrencies to watch this week: BTC, UNI, XLM, THETA, HNT

The United States equities markets witnessed a sharp comeback last week, led by the Nasdaq Composite which gained 7.5%. The S&P was up about 6.5% for the week while the Dow Jones Industrial Average managed a gain of 5.4%. Continuing its tight correlation with the equities market, the crypto markets are also attempting a relief …

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Bitcoin May See ‘Wild’ weekend as BTC Price Avoids Key $22K Zone

Bitcoin (BTC) focused on $21,000 into the weekend amid warnings that volatility could still consume the market before Monday. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView S&P 500 sees second best week of 2022 Data showed BTC/USD broadly higher in its recent trading range after U.S. stocks ended the week strong. As noted by markets …

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Mastercard: 51% of Surveyed Consumers in Latin America & the Caribbean Have ‘Experienced’ Crypto

Interest in crypto is piquing in Latin America and the Caribbean (LAC), where the payments giant Mastercard says over half of “consumers” have already had at least one encounter with crypto. The firm said that it had spoken to “more than 35,000 people around the world” as part of its New Payments Index survey, with …

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Can Bitcoin Survive its first Global economic Crisis?

Bitcoin (BTC) was a response to the 2008 global recession. It introduced a new way to transact without depending on trust of third-parties, such as banks, particularly failing banks that were nevertheless bailed out by government at the expense of the public. “The central bank must be trusted not to debase the currency, but the …

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$17.6K wasn’t BTC’s bottom?

Bitcoin (BTC) has been trying to break out of a descending trend for the past week and the first attempt on June 16 failed to break the $22,600 resistance. The second attempt at $21,400 on June 21 was followed by an 8% price correction. After two failed breakouts, the price currently trades below $20,000 and …

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Elon Musk’s Twitter Deal, Bitcoin Adoption Alliance, Delayed Cardano’s Upgrade + More News

Investments news Social media company Twitter’s board of directors urged shareholders to approve the proposed USD 44bn sale of the company to Elon Musk, according to Axios. However, at the Qatar Economic Forum in Doha, Musk said that there are still a few “unresolved matters” about the deal. Digital asset investment firm CoinShares added two …

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Price Analysis: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX

The crypto markets have been in a strong bear phase for the past several months but JPMorgan Chase analysts expect that to change and they have projected a significant upside from the current levels. The analysts cited the rising share of all stablecoins in the total crypto market for their bullish outlook. Unperturbed by the current …

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