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First Mover Asia: Bitcoin Recovers From Fed Dip

[May 3, 2023 5:53 PM] PLUS: The Madlads hype appears to be over, although it hasn't dragged down the price of Solana. Cryptos return to positive territory.

Bitcoin Rises as Latest Teetering U.S. Bank Sends Traders to Crypto Haven

[May 3, 2023 3:32 PM] The California-based regional lender is weighing strategic options, according to Bloomberg.

Bitcoin Market in Disarray, But Optimism Prevails With Two Narratives

[May 3, 2023 3:00 PM] The price of Bitcoin has seen a small uptick during today’s trading session, but the cryptocurrency has been unable to break the sideways trend. Today, the U.S. Federal Reserve (Fed) announced a 25 basis points (bps) rate hike, but uncertainty in…

Bitcoin Falls Slightly After Fed Rate Hike

[May 3, 2023 2:38 PM] BTC was down about 1% after the U.S. central bank boosted the Federal Funds rate by 25 basis points. Fed Chair Jerome Powell noted that the central bank had omitted language signaling rate hikes at upcoming meetings.

Bitcoin Rally May Not Have Hit Top Yet, Here’s Why

[May 3, 2023 1:00 PM] The historical pattern in this Bitcoin on-chain indicator may suggest that the ongoing rally hasn’t reached its top yet. Bitcoin 1-Year Inactive Supply Has Continued To Go Up Recently According to a post from the on-chain analytics firm…

Crypto’s Macro Drivers – It’s Not Just About Bitcoin

[May 3, 2023 12:23 PM]

Federal Reserve Raises Fed Funds Rate by 25 Basis Points, Signals Possible Pause

[May 3, 2023 12:01 PM] This latest move by the U.S. central bank brings the targeted range for its benchmark fed funds rate to 5%-5.25%.

BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million

[May 3, 2023 11:30 AM] As of May 3, 2023, the Bitcoin blockchain has witnessed a staggering 3.35 million Ordinal inscriptions, and a new experimental token standard known as “Bitcoin Request for Comment,” or BRC20, has garnered substantial attention in the…

More Dip To Come: Bitcoin Liquidity On The Move Ahead Of Major Event

[May 3, 2023 11:00 AM] As the Federal Reserve (Fed) prepares to announce its decision on interest rates, Material Indicators, a research and analysis firm in the cryptocurrency market, is keeping a close eye on the Bitcoin (BTC) liquidity movements. FireCharts, a popular…

Price analysis 5/3: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

[May 3, 2023 10:41 AM] Bitcoin and select altcoins are showing a continuation pattern, indicating indecision among the bulls and the bears.

Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles

[May 3, 2023 8:35 AM] Bitcoin’s price looks unlikely to break out as markets brace for Fed rate hike volatility.

$24,400 May Be Next Major Level Of Support For Bitcoin, Here’s Why

[May 3, 2023 8:30 AM] Historical data of an on-chain indicator may suggest that the $24,400 level could be a major level of support for Bitcoin right now. Bitcoin STH MVRV Would Hit 1.0 If Price Declines To $24,400 According to this week’s edition of the Glassnode…

Flare integrates blockchain API on Google Cloud Marketplace

[May 3, 2023 7:12 AM] Google Cloud Marketplace adds support for nine different blockchain APIs, including Bitcoin and Ethereum, through integration with layer-1 Oracle network Flare.

Prominent Analysts Vouch For Crypto As The Banking Stocks Nosedive

[May 3, 2023 6:50 AM] Chaos brews in the US financial sector as banking stocks tank further, and experts claim a crypto moment is brewing. The Fed’s continuous interest rate hike to curb inflation isn’t helping matters. The rising crisis sparked reactions…

Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Wednesday, as Fed Meeting Looms

[May 3, 2023 6:47 AM] Bitcoin rebounded from Tuesday’s losses, as all focus in the market turned to today’s United States Federal Reserve rate decision. It is widely expected that the Fed will hike rates by 25 basis points in May’s meeting. Ethereum…

Biden Administration Proposes 30% Tax On Crypto Mining To Counter Environmental Impact

[May 3, 2023 6:25 AM] Several US authorities have raised concerns regarding the environmental impact of crypto mining. Previously, US lawmakers probed the crypto mining energy use and environmental impact. Biden’s administration is taking these concerns to another…

First Mover Americas: Bitcoin Layer 2 Stacks Begins May on Top

[May 3, 2023 6:23 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Stacks (STX) Price Defies Bears, Surges While The Market Bleeds

[May 3, 2023 6:10 AM] Stacks (STX) is on an uptrend today, gaining over 12% in the last 24 hours. Although the general crypto market is volatile, STX shows positive moves on the price chart.  STX increased progressively in 2023 despite some price pullbacks due to price…

Litecoin price poised for 700% gains vs. Bitcoin, says Charlie Lee

[May 3, 2023 6:10 AM] The Litecoin halving is just three months away, with the LTC price well-positioned for massive gains, argues the founder.

Bitcoin, Ether Could Face Risks From Potential Short Squeeze in Dollar Index, QCP Capital Says

[May 3, 2023 5:13 AM] The U.S. dollar has been heavily shorted since early October in hopes for a so-called dovish Fed pivot and looks ripe for a short squeeze, a move higher driven by unwinding of bearish positions. Bitcoin tends to move in the opposite direction of…

Blockstream Developer Neigut Expects ‘Cambrian Explosion’ of Bitcoin Layer 2 Protocols

[May 3, 2023 5:00 AM] Bitcoin already has one of the most diverse layer 2 ecosystems of any network, according to Bitcoin developer Lisa Neigut.

Bitcoin miners earned $50B from BTC block rewards, fees since 2010

[May 3, 2023 4:09 AM] They may have seen some hard times, but overall, estimates conclude that Bitcoin miners are up 37% from their activities.

Bitcoin Ordinals Surge to 3M Inscriptions, but Most Are Just Text

[May 3, 2023 3:38 AM] Over $8 million in fees have been paid to the network by inscription creators since their inception.

Bitcoin Analysis: How To Prepare For Today’s FOMC Meeting

[May 3, 2023 1:10 AM] Today’s interest rate decision by the U.S. Federal Reserve (Fed) and the following press conference by the Federal Open Market Committee (FOMC) could make up for this year’s most important day so far for the Bitcoin price. In March, the…

Bitcoin Price Faces Hurdle And Remains At Risk of Additional Losses

[May 2, 2023 9:06 PM] Bitcoin price is correcting losses from the $27,660 zone. BTC is now facing strong resistance near the $28,800 and $29,000 levels. Bitcoin is attempting a fresh increase above the $28,500 resistance zone. The price is trading below $28,800 and the…

First Mover Asia: Bitcoin’s Kimchi Premium Has Narrowed, but the Korean Market Is Proving Resilient

[May 2, 2023 7:13 PM] ALSO: A crypto markets analyst suggests that the U.S. central bank may not be finished with interest rate hikes, even if it raises the rate on Wednesday as expected.

Balaji pays out his crazy $1M Bitcoin bet, 97% under price target

[May 2, 2023 7:02 PM] The former Coinbase exec settled the high profile wager 45 days ahead of time but remains convinced that a “fiat crisis” is inevitable.

Bitcoin Climbs Above $28.5K as Investors Weigh Fresh Bank Woes, Cool Jobs Data

[May 2, 2023 5:10 PM] Ether also rose. Equity markets dropped, including stocks of two regional banks.

Coinbase Launches International Exchange for Bitcoin and Ether Perpetual Futures

[May 2, 2023 3:30 PM] Coinbase, the San Francisco-based cryptocurrency exchange, recently announced the launch of a new service called Coinbase International Exchange. The new platform will enable institutional users outside of the United States to trade bitcoin and…

Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development

[May 2, 2023 3:01 PM] Amid the initial bank failures in the U.S., the tech entrepreneur in mid-March had bet $1 million that bitcoin would hit $1 million within 90 days.