U.S. Added 142K Jobs in August, Likely Setting Stage for 25 Basis Point Rate Cut
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Bitcoin set for sub $50K correction in September — Analysts
[Sep 6 12:29 PM] Declining trading volumes and slowing ETF inflows could set the stage for a correction below $50,000 before a rally to new highs.
First Mover Americas: BTC Treads Water Ahead of U.S. Jobs Report
[Sep 6 12:07 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Watch these 3 BTC price levels if Bitcoin breaks below $55K
[Sep 6 11:52 AM] Bitcoin’s recent drop to $55,250 reclaimed an untouched demand zone from August, which may push prices for an immediate swing high at $58,000.
Arthur Hayes sees sub-$50K BTC price as Bitcoin risks 'stark' trend shift
[Sep 6 11:10 AM] BTC price targets are increasingly looking for a rematch with last month's lows as Bitcoin chartists highlight formidable resistance levels.
Bitcoin's 200-Day Average About to Lose Bullish Momentum; NFP Eyed
[Sep 6 11:04 AM] The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.
Cardano Bull Sees ADA Jumping 1,000% In An ‘Insane’ Rally
[Sep 6 10:30 AM] Cardano has been in the limelight lately, not only because it has slightly increased in price but also due to its forecasted surge. According to predictions, ADA may surge up 16% and reach as high as $0.37 by October 2024. But what really drew…
Bitcoin Momentum Indicators Are All Showing Death Cross: Say Hello To Bear Market?
[Sep 6 9:00 AM] Data shows three popular Bitcoin momentum indicators recently formed a death cross pattern. Here’s what usually follows this formation. Bitcoin Momentum Indicators Have Seen Bearish Crossovers Recently In a new CryptoQuant Quicktake post, an…
Trump’s Vision: America To Reign As Crypto And Bitcoin Epicenter, Latest Statement Reveals
[Sep 6 5:30 AM] As the November elections draw near, former President Donald Trump is ramping up his support for Bitcoin and the broader cryptocurrency industry, positioning digital assets as a central theme in his campaign for the White House. America As The…
THORChain Hard Forks: Why Is RUNE Down 70% And Still Dumping?
[Sep 6 4:30 AM] THORChain, a cross-chain decentralized exchange using Cosmos technology, successfully conducted a hard fork yesterday, September 4. However, while the update was highly anticipated, sellers still needed to press on, looking at the formation in the…
Crypto in ‘extreme fear’ as Arthur Hayes tips ‘sub $50K’ Bitcoin weekend
[Sep 6 3:40 AM] Crypto market sentiment dropped back into “extreme fear” amid Bitcoin’s price slump, with Arthur Hayes calling that it could drop again.
FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket
[Sep 6 2:30 AM] The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve…
Bitcoin Price Struggles: Can Bulls Step In to Save the Week?
[Sep 6 2:28 AM] Bitcoin price declined and retested the $55,600 support zone. BTC is now struggling and might face hurdles near the $57,000 resistance level. Bitcoin is struggling to recover above the $57,750 zone. The price is trading below $57,200 and the 100…
Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold
[Sep 6 1:30 AM] Bitcoin (BTC) has been on a severe downward trend for the past few months, experiencing multiple price fluctuations amidst broader market volatility. A crypto analyst has predicted that Bitcoin could witness an even steeper drop to $50,000 if its…
Bitcoin yield opportunities are booming — Here’s what to watch for
[Sep 6 1:06 AM] Bitcoin has historically been terrible as a yield asset. Fortunately, the options for earning interest are beginning to abound.
Nigerian Scammer’s Crypto Wallet Seized by Kansas Attorney General
[Sep 6 12:30 AM] Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a…
Bullish or Bearish? What’s Next for Bitcoin Amid Mixed Market Sentiment
[Sep 5 9:20 PM] On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout…
Blockstream Mining issues hashrate-backed security token in fundraise
[Sep 5 8:58 PM] Blockstream is essentially selling four-year claims on the proceeds from its Bitcoin mining operations in exchange for funding.
Blockstream Mining issues hashrate-backed security token in fundraise
[Sep 5 8:58 PM] Blockstream is essentially selling four-year claims on the proceeds from its Bitcoin mining operations in exchange for funding.
Aptos Leads Losses as Crypto Weakness Continues; Coinbase Shares Fall to 7-Month Lows
[Sep 5 6:09 PM] Cryptocurrencies continued their weak trading as recession fears weighed on risk assets ahead of Friday's key jobs data report.
Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs
A Deep Dive Into the Top 10 L1 Chains by Daily Transfer Records
[Sep 5 5:30 PM] In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $1.66 trillion, a significant chunk of the $2.03 trillion crypto economy. This year, Bitcoin and Ethereum, the two biggest L1 chains, hit all-time…
Protocol Village: Livepeer Powered Burning Man Webcast, Euler Returns After $200M+ Exploit
[Sep 5 5:13 PM]
Fractal Bitcoin: good or bad for mining revenues?
[Sep 5 5:12 PM] August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated.
What Was Behind The Bitcoin And Ethereum Price Crash?
[Sep 5 4:30 PM] Bitcoin (BTC) and Ethereum (ETH) have started September in the red, having already suffered price declines since the beginning of the month. This bearish sentiment towards the foremost cryptocurrencies and, by extension, the broader crypto market…
Venezuelan Opposition Leader María Corina Machado Calls Bitcoin a “Lifeline” in Exclusive Interview
[Sep 5 4:26 PM] In an exclusive interview with Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation (HRF), Venezuelan opposition leader María Corina Machado discussed Bitcoin’s vital role in combating Venezuela’s economic collapse and…
Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points
[Sep 5 3:37 PM] The U.S. central bank has indicated it will cut rates at its mid-September meeting, but the size of the move is up for debate.
BTC price rides US jobs miss amid warning Bitcoin could retest $49.5K
[Sep 5 3:31 PM] Bitcoin fails to halt a low-timeframe BTC price decline for long as traders look to the week's final US jobs data.
100% Accurate Bitcoin Bottom Signal Hits: Time to Buy?
[Sep 5 3:00 PM] Crypto analyst Astronomer, known by the handle @astronomer_zero on X, has put forth a potentially compelling bottom signal for Bitcoin, which hinges on the electricity costs incurred by miners to produce BTC. According to him, this particular…
Crypto for Advisors: Bitcoin and Gold, Stores of Value
[Sep 5 3:00 PM] The approval of the bitcoin and Ethereum ETFs could represent a similar change in market to what central banks caused in gold markets post-2022 – a new factor that, at least temporarily, overwhelms traditional narratives, including the “store of…