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Bitcoin Breaks Out: Experts Predict $36,000 Target As Market Outlook Remains Positive

[May 5, 2023 2:30 PM] Bitcoin (BTC), the world’s largest cryptocurrency, could be set for a significant price surge in the coming weeks, according to experts at Matrixport, a leading provider of cryptocurrency financial services. The company has projected a target…

Former DoJ Kennedy Jr, Laments on Global Financial Censorship, Shows Support For Bitcoin

[May 5, 2023 1:30 PM] The former US Department of Justice Attorney General Robert Francis Kennedy Jr, recently lamented the growing financial censorship worldwide and showed support for Bitcoin. The financial censorship of political enemies is something we’re used to…

Price analysis 5/5: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

[May 5, 2023 10:32 AM] Ether has broken out of its triangle and that may pull Bitcoin price above $30,000.

Pump the BRCs: The Promise and Peril of Bitcoin-backed Tokens

[May 5, 2023 10:27 AM] A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless”?

Craig Wright Shows ‘Prima Facie Evidence’ of Contemptuous Conduct, U.S. Judge Says

[May 5, 2023 9:51 AM] The computer scientist who claims to be Satoshi Nakamoto is still engaged in a $143 million dispute over bitcoin ownership.

4 Reasons To Be Bullish On Bitcoin In Short-And Mid-Term

[May 5, 2023 7:00 AM] The Bitcoin price continues to consolidate within the trading range between $27,800 and $30,000. Even though the buy side currently seems to have lost momentum and the bears feel in control, there are numerous good arguments why the Bitcoin price…

First Mover Americas: Meme Coin PEPE Surges to $1B Market Cap

[May 5, 2023 6:54 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

U.S. Adds 253K Jobs in April, Topping Expectations for 180K

[May 5, 2023 6:37 AM] The unemployment rate rose/fell//head steady at 3.X% versus forecasts for a slight rise to 3.6%.

U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan

[May 5, 2023 5:36 AM] This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said.

Stronghold Digital Partners With Canaan Subsidiary to Boost Bitcoin Mining Capacity by 400 PH/s

[May 5, 2023 5:30 AM] Stronghold Digital, a leading Bitcoin mining firm, announced the company has entered into a two-year hosting agreement with Cantaloupe Digital LLC, a subsidiary of the bitcoin application-specific integrated circuit (ASIC) manufacturer, Canaan…

Bitcoin Chalks Out 'Head and Shoulders' Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments

[May 5, 2023 5:21 AM] Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie's analysts said.

Bitcoin price sets new May high above $29.5K as traders eye breakout

[May 5, 2023 3:24 AM] Bitcoin bulls slowly claw back lost ground on the road to a $30,000 rematch as the U.S. banking crisis lingers.

Bitcoin Price Prints Bullish Technical Pattern, Why Close Above $30K Is Critical

[May 4, 2023 8:20 PM] Bitcoin price is rising steadily above $29,000. BTC could start a strong upward move if there is a close above the $30,000 resistance. Bitcoin is showing positive signs and rising toward the $30,000 resistance zone. The price is trading above…

First Mover Asia: CBDCs Are the Hottest Issue in Florida Politics; Bitcoin Falls Slightly

[May 4, 2023 7:00 PM]

Bitcoin On-Chain Transactions Reach New Heights, What’s Fueling the Surge?

[May 4, 2023 5:30 PM] The number of daily Bitcoin (BTC) transactions on the blockchain has risen, reaching an all-time high of 682,000 on May 1st. Rafael Schultze-Kraft, one of the founders of Glassnode, has suggested that this increase in transaction volume is likely…

Bitcoin Holds Near $29K as Investors Weigh Rate Increases, Banking Contagion

[May 4, 2023 3:52 PM] BTC traded flat after a slight dip early Thursday. Ether also traded in a narrow range.

Bitcoin’s Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High

[May 4, 2023 3:30 PM] The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks– thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project.

Block’s Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago

[May 4, 2023 2:56 PM] For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said.

Bitcoin Mega Whales Are Moving Opposite To Rest Of Market: Glassnode

[May 4, 2023 2:00 PM] On-chain data from Glassnode shows the largest Bitcoin whales have been showing the opposite behavior to what other investors have been doing. Bitcoin Market Is Observing A Moderate Distribution Phase Currently According to data from the on-chain…

US Regional Bank Failures Trigger Bitcoin Surge, $30,000 Level In Sight

[May 4, 2023 1:00 PM] Bitcoin (BTC) is on the verge of reaching the $30,000 milestone, but regional banks in the United States face significant anxiety and fear. Investors are concerned about the potential for contagion following the recent struggles of PacWest, a…

SUI Gets A Bear Introduction On Day 2, Will Sell Pressure Continue?

[May 4, 2023 12:00 PM] Yesterday marked a new dawn in the crypto industry as the SUI Layer 1 blockchain launched on Mainnet with its hyped native token SUI. The news of the token launch on major exchanges brought excitement to the crypto community, and SUI did not…

Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases

[May 4, 2023 11:30 AM] Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45%…

Bitcoin drops with stocks as analyst warns of banking crisis ‘endgame’

[May 4, 2023 9:09 AM] Nerves become apparent across risk assets as U.S. regional banks add to already significant losses.

Bitcoin Up After Fed Rate Reveal, Correlation With Stocks Over?

[May 4, 2023 8:20 AM] Bitcoin has surged above the $29,000 mark following the Fed rate hike of 25 bps, a sign that the asset may be decoupling from the stocks. Bitcoin Has Jumped Despite Fed Interest Rate Hike Announcement According to the on-chain analytics firm…

Bitcoin Rips Above $29,000, But Why Is The Mean Transaction Size At A 3-Year Low?

[May 4, 2023 7:30 AM] Bitcoin prices might be firmer when writing on May 4, rallying above $29,000 and breaking above local resistance levels in lower time frames. But the Mean Transaction Size, based on the 7-day moving average, is at a 3-year low, according to…

First Mover Americas: Bitcoin Pushes Above $29K After Fed Rate Hike

[May 4, 2023 6:21 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Why Is Bitcoin And Crypto Up Today?

[May 4, 2023 2:35 AM] The Bitcoin and crypto markets are up today, despite the fact that the initial reaction to yesterday’s FOMC of the US Federal Reserve (Fed) was rather bearish. During the meeting, the Bitcoin price dropped from $28,800 to $28,250 as the…

Bitcoin's Dominance Rate Surges After U.S. Banking Crisis

[May 4, 2023 2:06 AM] Bitcoin's outperformance during the banking crisis indicates the cryptocurrency is the anti-dollar liquid play for investors, one portfolio manager said.

Bitcoin eyes liquidity above $30K as gold hits new all-time high

[May 4, 2023 1:24 AM] Bitcoin is back above $29,000 as the ongoing U.S. banking crisis sends spot gold higher than ever before.

Bitcoin Could Rally 20% to Around $36K: Matrixport

[May 4, 2023 1:02 AM] The Fed’s latest interest rate hike may be the last for this cycle, which could set the market up for another strong rally, the report said.