BNB Chain is calling for developers, validators and storage providers to begin testing its BNB Greenfield decentralized storage solution.
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Tether blacklists validator address that drained MEV bots for $25M
The co-founder of Polygon and other decentralization proponents said the move sets a bad precedent.
Bitcoin mining firm Bitmain reportedly fined for tax violations in China
Bitmain has reportedly failed to pay personal income taxes in accordance with China’s laws on the administration of tax collection.
Bitcoin mining firm Bitmain reportedly fined for tax violations in China
Bitmain has reportedly failed to pay personal income taxes in accordance with China’s laws on the administration of tax collection.
Bitcoin price faces 'bearish divergence' amid $22K correction target
Bitcoin may have blasted through the $30,000 mark, but some market participants are warning of a critical lack of strength.
Bitcoin price faces ‘bearish divergence’ amid $22K correction target
Bitcoin (BTC) held $30,000 as support before the April 11 Wall Street opening, with fresh doubts emerging over the rally’s strength.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price finally tackles $30,000 resistance cloud
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit 10-month highs of $30,438 on Bitstamp.
Almost one month in the making, the final surge to $30,000 delighted many traders who considered the move to be a matter of time.
Having uploaded a roadmap showing BTC/USD continuing to gain, Crypto Kaleo argued that Bitcoin was still the best investment allocation for capital, rather than cash or altcoins, at current prices.
“Bitcoin is breaking out, of course all of the USD charts are going to look decently bullish,” part of the day’s Twitter commentary stated.
What is a crypto dusting attack, and how do you avoid it?
Dusting is a crypto attack that can be used for different purposes. Here’s how it works and what you can do to protect your funds.
G20 countries aim to develop global framework against crypto-related risks
G20 also aims to bring together global economies to fight debt distress and hyperinflation in smaller economies such as Sri Lanka and Ghana.
OPNX quips on its early dismal volume after reporting 90,000% surge
OPNX exchange has quipped about its earlier low trading volume before experiencing a big surge in volume during the last 24 hours.
Presidential hopefuls RFK Jr. and DeSantis rally against FedNow
The two presidential hopefuls are of the opinion that FedNow is the first step in launching a CBDC that threatens privacy and autonomy.
Bitcoin Ordinals community debates fix after inscription validation bug
Currently, over two-thirds of voters on a Twitter poll said the missed inscriptions should be added at a later date instead of there being a retroactive reshuffling.
Bitcoin Ordinals community debates fix after inscription validation bug
Currently, over two-thirds of voters on a Twitter poll said the missed inscriptions should be added at a later date instead of there being a retroactive reshuffling.
Bitcoin hits $30K to mark highest price since June 2022
Bitcoin has hit $30,000 for the first time since June 2022 and has set a new price high for 2023.
Bitcoin hits $30K to mark highest price since June 2022
Bitcoin has hit $30,000 for the first time since June 2022 and has set a new price high for 2023.
New R&D tax rules could mean a US exodus for crypto companies
A change to R&D tax rules means that a tech company could lose more than $1 million — but still be on the hook for hundreds of thousands in taxes.
MetaMask launches new fiat purchase function for cryptocurrency
The new feature will allow users to purchase cryptocurrencies using various payment methods, such as debit or credit cards, PayPal, bank transfers, and instant ACH.
Bitcoin price rallies to $29.4K as traders gear up for this week’s CPI print
BTC’s rally to $29,400 comes as the all important CPI report releases on April 12 and traders debate whether the Federal Reserve will pivot.
Bitcoin price rallies to $29.4K as traders gear up for this week’s CPI print
Bitcoin (BTC) rose to its highest level in ten months on April 10 as traders await this week's April 12 consumer price index report to gain deeper insight into the Federal Reserve's fight against sticky inflation. If the report shows inflation dropping, it could be the next possible catalyst that further's BTC's upward move.
On April 10, BTC price soared 3.37% to over $29,300 after a quiet Easter weekend. Interestingly, Bitcoin's intraday gains appeared alongside a drop in U.S. equities, a rare decoupling that highlights the coin's diminishing risk-on characteristics.
BTC/USD year-to-date returns versus U.S. stock indexes. Source: TradingViewThe pre-CPI dynamic could be in effect
The Bureau of Labor Statistics will release March consumer price index (CPI) data on April 12, which expects to show inflation down to 5.1% from 6.0% year-over-year previously.
A slowdown in headline CPI increases the prospects of the Federal Reserve shifting in a more dovish direction. Conversely, persistent inflationary forces could lead traders to bet on more interest rate hikes in May.
Bitcoin's rise above $29,000 suggest that crypto traders have been pricing in a drop in inflation, which, in turn, could lead to a potential Fed pivot.
Texas’ gold-backed digital currency project: Law Decoded, April 3–10
While Ted Cruz and Ron DeSantis attack the idea of American CBDC, Texan lawmakers propose to create a statewide one.
Price analysis 4/10: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Bitcoin’s (BTC) tight consolidation near its local top suggests that traders are waiting for a catalyst to start the next trending move. The consumer price data on April 12 and the producer price index data on April 13 could give insight into the Federal Reserve’s future rate hikes and shake the traders out of their slumber.
The dull price action in Bitcoin has not reduced the interest in it. According to Ahrefs search volume data, Bitcoin remains the most Googled term in the United States followed by the keywords Donald Trump and Breaking news.
Daily cryptocurrency market performance. Source: Coin360Another point worth noting is that Bitcoin’s circulating supply continues to dwindle. Citing Glassnode data, investor Anthony Pompliano pointed out that 53% of Bitcoin’s circulating supply has not moved in the past two years.
If demand increases, there could be a shortage of supply, which could boost prices higher. What are the critical resistance levels to watch for in Bitcoin and altcoins in the near term?
Let’s study the charts to find out.
