The “Investor Tool” is now telling the market that “outsized returns” are due for anyone who buys Bitcoin now. Bitcoin (BTC) bulls may only need a pair of simple moving averages (SMAs) to determine if the bottom is in this halving cycle. In a Twitter thread on June 2, Checkmate, lead on-chain analyst at crypto…
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Bitcoin price moved above the USD 30,000 level again, but BTC must settle above USD 30,500 to start a stronger recovery wave. BTC is now (11:50 UTC) approaching USD 30,100 and is still down almost 5% in a day and up over 1% in a week. Similarly, most major altcoins are also trying to…
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Bitcoin price started another bearish wave after it failed to clear the USD 32,000 resistance. BTC declined almost 6% and traded below USD 30,000. It is currently (04:33 UTC) showing bearish signs near USD 29,770 and is almost unchanged in a week. Similarly, most major altcoins reversed gains. ETH declined over 6% and even…
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Bitcoin miners have had a tough month, with revenue and profitability tanking in May. Hash rates remain high, however. Bitcoin (BTC) mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens. May has been one of the worst months for Bitcoin miners in the past…
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On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart. Solana Continues to Be Plagued by Outages, SOL Downtime Denounced by the Crypto…
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Bitcoin price is moving lower below the USD 32,200 zone. BTC dropped below USD 31,500, but the bulls were active near USD 31,200, and it is currently (11:49 UTC) consolidating near USD 31,500 again. BTC is down almost 1% in a day and up 7% in a week. Similarly, most major altcoins are consolidating…
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Bitcoin price made another attempt to clear the USD 32,200 resistance zone and spiked to USD 32,400 where the bears emerged. It is currently (04:09 UTC) trading near USD 31,600 and is almost unchanged in a day and up 7% in a week. Similarly, most major altcoins are also moving lower. ETH corrected below…
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Over 9,500 people around the world were surveyed for Block’s 2022 Bitcoin report which showed that more optimistic individuals possessed a greater self-reported knowledge level of the crypto. A survey from digital payment company Block Inc. has found that the higher respondents rated their own level of cryptocurrency knowledge, the more optimistic they are about…
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Bitcoin exchange outflows have been turning for the better recently. What had predicated this was a long week of inflows surpassing outflows, solidifying the fact that it was a seller’s market. However, the tide has begun to turn as the Monday numbers are in. Bitcoin exchange outflows have now surpassed inflows by a large margin. …
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For a few weeks now, bitcoin sentiment stemming from the Crypto Fear and Greed Index (CFGI) has been in the “extreme fear” range. While bitcoin gathered some gains on Monday, the CFGI is still in the “extreme fear” position with a ranking score of 16 out of 100. Crypto Fear and Greed Index Remains in…
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