Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets
[May 3, 2024 9:03 AM] Bitcoin bulls welcome some BTC price relief while whales get busy accumulating nearly 50,000 BTC at the local lows.
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Standard Chartered Bank Analysts Sound Warning Alarm: Bitcoin Price Can Still Drop To $50,000
[May 3, 2024 9:00 AM] Leading international cross border bank, Standard Chartered has predicted steep price declines for Bitcoin, foreseeing a pessimistic future outlook for the pioneer cryptocurrency amidst broader market downturn. Bitcoin Could Plummet To $50,000 As…
Bitcoin’s Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says
[May 3, 2024 8:30 AM] Both equities and gold have been trading lower since reaching highs in mid-April, the report said.
Why This Crypto Bull Run Might Not Live Up To The Past: Analyst
[May 3, 2024 7:30 AM] In a detailed analysis shared with his 788,000 followers on X (formerly Twitter), renowned analyst Pentoshi has forecasted a more restrained outlook for the current crypto bull run, suggesting that it may not mirror the explosive growth seen in…
U.S. April Job Additions of 175K Miss Forecasts for 243K, BTC Rises Above $60K
[May 3, 2024 6:36 AM]
First Mover Americas: Bitcoin Hovers Around $59K to End Week
[May 3, 2024 6:06 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Update: $120 Million Futures Liquidated As Price Takes A Beating
[May 3, 2024 5:30 AM] The recent dip in the price of Bitcoin below the $59,000 support level has sent jitters through the cryptocurrency market. While the price drop triggered liquidations in futures markets, analysts warn that a more significant decline could be on the…
Bitcoin Miner Riot Platforms Records Modest Revenue Gain Despite 36% Decrease in Mined BTC
[May 3, 2024 5:23 AM] Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably, this was achieved even as…
Bitcoin's Price Recovery Faces Nonfarm Payrolls Test
[May 3, 2024 5:22 AM] Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.
Bitcoin and Ether options worth $2.4B set to expire May 3, max BTC pain at $61K
[May 3, 2024 4:39 AM] Deribit exchange data reveals that the put-to-call ratio for Bitcoin options contracts is currently at 0.50, with a maximum pain point of $61,000.
Is MATIC Poised For Takeoff? Key Area Breaks Records, Fueling Bullish Outlook
[May 3, 2024 2:30 AM] Polygon (MATIC), the Ethereum scaling solution, has been a hot topic for weeks. Its daily active addresses recently hit an all-time high, exceeding 1.4 million, a testament to the network’s growing user base. This surge in activity, however…
Bitcoin price is failing to break these 2 key resistance lines at $60K
[May 3, 2024 1:45 AM] Bitcoin bulls have “lots of work to do” as they attempt to claw back lost ground after two-month BTC price lows.
Buy Crypto In May, Go Away: Arthur Hayes Shares His Top Altcoin Picks
[May 3, 2024 1:20 AM] In his most recent publication dated May 2, 2024, Arthur Hayes, the founder of exchange BitMEX, shared his insights into the crypto market’s recent tumultuous behavior and the broader macroeconomic signals shaping potential future trends…
Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes
[May 2, 2024 11:07 PM] This week’s 12% Bitcoin retreat was a “well-needed market cleansing,” said the former BitMEX boss.
Bitcoin’s Make-Or-Break Moment: Trading Guru Predicts Rally Amid Market Uncertainty
[May 2, 2024 10:00 PM] Seasoned trader Peter Brandt has reignited discussions with a bullish Bitcoin forecast that could see the premier cryptocurrency soar to new heights. Amid skepticism and divergent market opinions, Brandt’s projection places Bitcoin on a…
Bitcoin Price Recovery Could Face Many Hurdles Near $60K, Here’s Why
[May 2, 2024 8:58 PM] Bitcoin price found support near the $56,350 zone. BTC is recovering higher, but the bears might be active near the $60,000 resistance zone. Bitcoin is attempting a recovery wave from the $56,350 support zone. The price is trading below $60,000 and…
Bitcoin Loses Historical Level, Analyst Says “Reclaim And Bounce, Or Die”
[May 2, 2024 8:00 PM] An analyst has pointed out how Bitcoin recently closed below a historically important on-chain level, a failure to reclaim which could spell trouble for BTC. Bitcoin Fell Below Short-Term Holder Cost Basis In Latest Crash In a new post on X…
Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month
[May 2, 2024 5:52 PM] Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan, saying its an “investment in a future where economic empowerment is the norm.”
Michael Saylor Delivers Bitcoin Masterclass To Fortune 1000 Companies
[May 2, 2024 5:28 PM] In a Keynote address at MicroStrategy World: Bitcoin for Corporations, MicroStrategy Executive Chairman Michael Saylor delivered a masterclass on corporate finance and the power of bitcoin to supercharge corporate balance sheets. Saylor made a…
Ethereum “Has Been A Major Disappointment”: Trader Weights In On This Crypto Cycle
[May 2, 2024 4:00 PM] This crypto cycle achieved some remarkable feats during Q1 2024, including the highest monthly and quarterly close in Bitcoin (BTC) history. However, BTC suffered a retrace that dragged Ethereum (ETH) and the rest of the crypto market down as the…
Jack Dorsey's Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others
[May 2, 2024 2:46 PM] The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon.
Bitcoin Slump Pushes New Whales Underwater: A Rare Opportunity To Buy?
[May 2, 2024 1:00 PM] As Bitcoin slumps, on-chain data by Ki Young Ju, the founder of the blockchain analytics platform CryptoQuant, paints a stark picture: all new whales, including holders of spot exchange-traded funds (ETFs), are now underwater. New Whales And Spot…
Crypto Analyst Says Bitcoin Must Hold Above $51,800 As ETF Outflows Trigger Crash
[May 2, 2024 12:00 PM] The Bitcoin price continues to trend below $60,000 as a 20% decline triggered a brutal market-wide crash. This has exposed multiple critical support points for the cryptocurrency, some of which the price has already fallen below. In light of this…
Coinbase Announces Support for Bitcoin’s Lightning Network
[May 2, 2024 11:14 AM] Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid…
Bitcoin On Track For $1 Million Per BTC “Fair Value”, Analyst Says
Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says
[May 2, 2024 10:00 AM] Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.
Bitcoin Déjà Vu: Analyst Identifies Trends Reflecting 2016 Cycle
[May 2, 2024 10:00 AM] Cryptocurrency analyst Rekt Capital has come up with an intriguing narrative pointing to several trends in the current price action of Bitcoin that are similar to the price trends seen in the 2016 bull cycle, even as market sentiments continue to…
U.S. Senate's Warren Warns National Security Chiefs About Iranian Crypto Mining
[May 2, 2024 9:46 AM] U.S. Sen. Elizabeth Warren (D-Mass.), one of the most prominent critics of cryptocurrency hazards, warned the top military and financial officials that Iran relies on digital assets mining as a source of revenue that can lessen the pressure from…
Bitcoin price correction 'very common' if $56K lows hold — Peter Brandt
[May 2, 2024 8:59 AM] Bitcoin bulls see signs of the worst being over as a BTC price bounce gathers pace toward $60,000.
Protocol Village: Polyhedra Says Open-Source ZK Proof System 'Expander' 2x Faster Than Alternatives
[May 2, 2024 8:41 AM] The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 2-8.