Price analysis 5/10: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIB
[May 10, 2024 12:05 PM] Bitcoin’s failure to rise above the 20-day EMA increases the risk of a downward breakdown for BTC and many altcoins.
194 / 439 Relevant items tagged with #bitcoin
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Lightning Labs CTO Conducts First Mainnet Multi-Hop Asset Payment via Taproot Asset Channels
[May 10, 2024 11:42 AM] Olaoluwa Osuntokun, co-founder and CTO of Lightning Labs, recently executed the first successful mainnet multi-hop asset payment using Taproot Asset channels, marking a new development in asset transfer capabilities over the Lightning Network…
Wells Fargo reports exposure to Grayscale and ProShares Bitcoin ETFs
[May 10, 2024 11:09 AM] The bank reported holding $143,111 worth of shares of the ProShares Bitcoin Strategy ETF, Grayscale Bitcoin Trust and Bitcoin Depot.
GBTC’s Heavy Withdrawals Result in Net $11.3M Outflow in US Bitcoin ETFs
[May 10, 2024 10:34 AM] The U.S. spot bitcoin exchange-traded funds (ETFs) witnessed an outflow of $11.3 million during Thursday’s trading sessions, following an inflow of $11.5 million on Wednesday. Although the majority of funds experienced inflows on Thursday…
Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030
[May 10, 2024 10:26 AM] Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector.
Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K
[May 10, 2024 9:20 AM] Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.
Hong Kong issuer seeks spot Bitcoin ETF for mainland China
[May 10, 2024 8:55 AM] Harvest’s CEO believes the Hong Kong-mainland China ETF bridge program could enable crypto ETF access in mainland China.
Private Jet Charter Service Candy Jets Now Accepts Bitcoin Payments
[May 10, 2024 8:43 AM] Candy Jets, a premier private jet charter service, has partnered with CoinCorner, a prominent Bitcoin services provider, to accept payments in Bitcoin for their luxury travel services, making them one of the first in the industry to embrace this…
Bitcoin Short Term NUPL Value Turns Negative, What This Means For Price
[May 10, 2024 8:00 AM] Crypto analyst Onchained recently provided valuable insights into an important metric that can be used to gauge the future trajectory of Bitcoin. The analyst suggested there was no cause to worry at the moment but highlighted what to watch out for…
Bitcoin still lacks $60K support as BTC price nears $100M liquidity zone
[May 10, 2024 7:25 AM] Bitcoin traders are upping the stakes amid a tightly rangebound few days for BTC price action.
Bitcoin Bearish Signal: Analyst Predicts Potential Dip To $52,000
[May 10, 2024 7:00 AM] As the price action of Bitcoin continues to attract crypto investors’ interest, Michael Van De Poppe, a well-known market analyst and trader in a bearish scenario has made a worrying prediction, warning the community of a potential drop in…
TON, RNDR Surge More Than 13% as Bitcoin Rebounds to $63K
[May 10, 2024 6:11 AM] RNDR cheers Apple's brief mention of Render-powered 3D design software Octane.
First Mover Americas: Bitcoin Holds Near $63K, Consolidating Week's Recovery
[May 10, 2024 6:04 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Advocate Says ASIC Devices’ Inflexibility Makes AI Involvement Unlikely for Bitcoin Miners
[May 10, 2024 2:41 AM] According to Joe Downie, the chief marketing officer at Nicehash, bitcoin miners struggling to stay afloat after the halving are unlikely to support or become involved with artificial intelligence (AI). This is because their application-specific…
Donald Trump Could Be Bitcoin’s Biggest Price Booster: Experts
[May 10, 2024 1:45 AM] Former President Donald Trump recently voiced strong support for Bitcoin and cryptocurrencies, notably diverging from his previously skeptical stance. This significant pivot, prominently featured in a recent video circulating among crypto…
Jack Dorsey Forecasts Bitcoin to Reach $1 Million by 2030
[May 9, 2024 11:32 PM] Twitter co-founder Jack Dorsey predicts that the price of Bitcoin could hit at least $1 million by 2030, suggesting its value may grow even further thereafter. In an interview, he expressed his enthusiasm not just about Bitcoin’s potential…
Jack Dorsey says Bitcoin will be worth 'at least a million' by 2030
[May 9, 2024 10:05 PM] “I do think it hits that number and goes beyond,” said the Twitter co-founder on his million-dollar Bitcoin prediction.
Canaan Launches Upgraded Version of Its Avalon A15 Series Bitcoin Miner
[May 9, 2024 9:29 PM] Canaan Inc. has launched the Avalon A15 series, with the new product being the A1566 model. This upgraded bitcoin mining machine incorporates Canaan’s most advanced technology. The A1566 model sets a new performance benchmark with an…
Latest Bitcoin Top Is Different From 2021 Peak, Analyst Explains Why
[May 9, 2024 9:00 PM] An analyst has explained why the recent high in Bitcoin has experienced different market conditions than those observed during the 2021 bull run peak. Bitcoin Liquidations Have Been Short-Dominated In Recent Market High In a new post on X, on-chain…
Bitcoin Price Is Showing Early Signs of Recovery But 100 SMA Is The Key
[May 9, 2024 8:56 PM] Bitcoin price found support near the $60,600 zone. BTC is recovering but the bears might remain active near the $63,200 resistance zone. Bitcoin tested the $60,60 support zone and started a recovery wave. The price is trading near $63,000 and the…
Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto
[May 9, 2024 8:28 PM] Mercado Libre, one of the biggest e-commerce platforms in Latam, has disclosed it holds over $40 million in cryptocurrency, according to its Q1 2024 filings. The company disclosed that it held 412.7 bitcoin (BTC) and 3,041.6 ethereum (ETH), by…
Bitcoin Could Crash Below $55,000, Top Analyst Sounds The Alarm
[May 9, 2024 8:00 PM] Bitcoin, the leading cryptocurrency, has recently been scrutinized by several analysts and traders as it struggles to maintain its market position. Michaël van de Poppe, a recognized figure in the crypto analysis sector, has recently expressed his…
Grayscale Battling Outflows And Lower-Cost ETFs, Q1 Revenue Stays Flat At $156M
[May 9, 2024 7:00 PM] Grayscale Investments, the issuer of one of the recently approved spot Bitcoin exchange-traded funds (ETFs) in the US, saw flat revenues in the first quarter of the year due to its decision to maintain fees on its flagship Grayscale Bitcoin Trust…
Robinhood’s Crypto Revenue Surges 232% Despite Looming SEC Battle
[May 9, 2024 5:16 PM] Retail trading platform Robinhood has announced that its crypto revenue grew by 232% in the first quarter. Despite this success, Robinhood faces potential enforcement action by the U.S. Securities and Exchange Commission (SEC), alleging that some…
Pantera Capital Predicts Bitcoin Price Surge To $117,000: Insight Into The Timing And Factors
[May 9, 2024 4:00 PM] The Bitcoin price has experienced heightened volatility over the past week. After recovering from a low of $56,500, the largest cryptocurrency in the market surged to $65,500 within four days. However, it has since retraced some of its gains and is…
7 Tips For Traveling With Bitcoin Keys
[May 9, 2024 3:34 PM] Originally published on Unchained.com.Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody…
Bitcoin’s Significant Adjustment: Mining Difficulty Hits 18-Month Low – What’s Next For Miners?
[May 9, 2024 2:00 PM] The Bitcoin mining difficulty has experienced a significant decrease, the largest drop observed in the last 18 months. This change is directly tied to fluctuations in the network’s hash rate, which has dipped below 600 EH/s following the…
Bitcoin Traders Closing More Positions As Prices Range Above $60,000
[May 9, 2024 1:00 PM] Bitcoin has been trending lower after failing to break above $66,000 in early May, deflating hopes of immediate price gains post-Halving. Taking to X, one analyst shared on-chain data that paints a more nuanced picture than a simple loss of…
CryptoQuant CEO Predicts Where Bitcoin Price Is Headed, Is $265,000 Too Ambitious?
[May 9, 2024 12:00 PM] Ki Young Ju, CEO of cryptocurrency analysis firm CryptoQuant, has given an ultra-bullish prediction for Bitcoin. The crypto founder alluded to certain factors that could spark the flagship crypto’s rise to such heights. Bitcoin Could Rise To As…
3 reasons why Bitcoin traders say a BTC price trend reversal is overdue
[May 9, 2024 11:45 AM] Bitcoin price data makes a strong argument for why the current price range is a buy-the-dip opportunity.