Bitcoin price closed the January monthly candle with the largest climb since the 2021 bull market ended. Considering the macro conditions and risk of recession, the market remains skeptical of further upside. However, the monthly candle structure also closed with three extremely bullish Japanese candlestick patterns, which could suggest that a bullish stampede is on…
Read more
Ethereum was marginally higher on Feb. 1, as markets prepare for the upcoming Federal Open Market Committee (FOMC) meeting results. Many are expecting that the U.S. Federal Reserve will increase rates by 25 basis points, taking current rates to 4.75%. Bitcoin was in the green on Wednesday, as prices rose above $23,000. Bitcoin Bitcoin (BTC)…
Read more
The Agenda podcast explores the concept of financial sovereignty, Black American empowerment and the promise of Bitcoin with the revolutionary Najah Roberts. If you ask 10 people what Bitcoin’s original purpose is, at least one person will say it’s meant to cut out the middleman, reduce the cost of transacting and empower those who might…
Read more
On-chain data shows the stablecoin supply long-term and short-term moving averages are close to a death cross. Here’s what it means for Bitcoin. Stablecoin Circulating Supply Moving Averages Close In On Death Cross As pointed out by an analyst in a CryptoQuant post, if the stablecoin supply doesn’t increase, a bear market could return for…
Read more
Bitcoin price is rising and approaching a major hurdle at $23,250. BTC remains at a risk of more downsides before it could start a fresh increase to $25,000. Bitcoin is attempting a fresh increase above the $23,000 resistance zone. The price is trading below $23,200 and the 100 hourly simple moving average. There is a…
Read more
Just hours before the U.S. Federal Reserve’s interest rate decision today, legendary trader Michael Burry issued a warning for the financial market that could affect Bitcoin and crypto as well. The “Big Short” investor tweeted a single word today, “Sell.” Sell. — Cassandra B.C. (@michaeljburry) February 1, 2023 Burry is known for being one of…
Read more
Bitcoin options markets continue to signal near-term upside risks to the BTC price, despite warnings from strategists that Wednesday’s Fed meeting could trigger a “bloodbath” in cryptocurrency markets…. Read More: Bitcoin Option Markets Signal Upside Price Risk Despite Warnings of Possible Fed-fuelled Sell-off Read more »Sign up for e-EUR – the progressive stablecoin
Ethereum and Bitcoin represent the number two and one cryptocurrencies by market cap, respectively. The two top coins tend to move in tandem, with Ether gaining the slight edge performance-wise when the crypto market turns bullish. That hasn’t recently been the case, causing the ETHBTC trading pair to reach a precarious inflection point that could…
Read more
A Glassnode on-chain indicator of Bitcoin HODLer conviction called “Reserve Risk” recently fell to its lowest-ever level, indicating that HODLer conviction is at record highs. In wake of the collapse of FTX, formerly one of the largest centralized cryptocurrency exchanges in the world, the Bitcoin Reserve Risk indicator fell to a new record low of…
Read more
Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States. The conference board will release its consumer confidence report later today, with the Federal Reserve holding its…
Read more
