Though political tensions may be high between the U.S. and Russia, authorities still negotiated a prisoner swap of Trevor Reed for drug smuggler Konstantin Yaroshenko in April.
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Bitcoin 'bear flag' breakdown targets $15K as US dollar hits 20-year high
BTC is losing its safe haven status to the dollar, with mutual funds increasing their cash holdings by $208 billion in the first half of 2022.
Bitcoin 'bear flag' breakdown targets $15K as US dollar hits 20-year high
On Sept. 6, Bitcoin (BTC) price crumbled below $20,000 and the asset looks ready to undergo further decline in September due to a strong U.S. dollar and an ominous technical analysis pattern.
Bitcoin eyes $15,000 next
From a technical perspective, Bitcoin risks dropping to $15,000 or below in the coming weeks after breaking out of its prevailing "bear flag" pattern.
For the unversed, bear flags form when the price consolidates higher inside a parallel, ascending range after a strong downtrend. They typically resolve after the price breaks below the lower trendline and falls by as much as the previous downtrend's length.
BTC/USD daily price chart featuring 'bull flag' pattern. Source: TradingViewBitcoin has entered the so-called breakdown stage of its bear flag pattern, with its downside target lurking south of $15,000, as illustrated in the chart above.
Cash is king
The prospects of a weaker Bitcoin heading further into 2022 are growing mainly because of a worsening economic backdrop.
Russian gov't working on stablecoin settlement platform between friendly nations: State media
“Stablecoins can be pegged to some generally recognized instrument, for example, gold, the value of which is clear and appreciable for all parties involved," said Alexey Moiseev.
Hive Blockchain explores new mineable coins ahead of Ethereum merge
Hive's Ethereum mining operations have historically generated three to four times more revenue per megawatt than Bitcoin mining, the firm said.
Hive Blockchain explores new mineable coins ahead of Ethereum merge
Hive's Ethereum mining operations have historically generated three to four times more revenue per megawatt than Bitcoin mining, the firm said.
Traders say Bitcoin price bounce is overdue after a ‘massive’ BTC long position appears
A Binance futures entity has been accumulating for days, and the result could be quite the squeeze, analysts believe.
Traders say Bitcoin price bounce is overdue after a ‘massive’ BTC long position appears
A Binance futures entity has been accumulating for days, and the result could be quite the squeeze, analysts believe.
Traders say Bitcoin price bounce is overdue after a ‘massive’ BTC long position appears
Bitcoin (BTC) traded in an increasingly narrow range on Sept. 6 as bets piled in over an imminent breakout.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBinance futures giant sucks in spent BTC
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying under $20,000 for a fourth straight day with bulls failing to crack resistance.
As many wondered when and how the latest consolidation phase would end, two popular social media traders noticed an ongoing accumulation trend by an unknown large-scale Binance futures trading entity.
With retail investors selling, that entity had spent several days soaking up the liquidity, and the result was likely obvious.
“Bounce incoming,” Il Capo of Crypto predicted in part of an update on the phenomenon, describing the entity’s long BTC position as “massive” and “easily” worth 30,000 BTC or more.
Will the Ethereum Merge crash or revive the crypto market? | Find out now on The Market Report
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the Ethereum (ETH) merge and how it might impact the crypto market.
Will the Ethereum Merge crash or revive the crypto market? | Find out now on The Market Report
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the Ethereum (ETH) merge and how it might impact the crypto market.
Circle co-founder says converged dollar books on Binance would be good for USDC
The world's largest crypto exchange announced yesterday it would cease trading support for USDC and auto-covert deposits to its own stablecoin after Sept 29.
1inch users on Optimism to receive airdrop of 300,000 OP tokens
The DEX aggregator and automated market maker was first deployed on the Optimism mainnet in August 2021.
Crypto investment product firm 21.co raises $25M to reach $2B valuation
Founded during the major market slump of 2018, 21Shares holds its vision that solid crypto products only grow stronger during crypto winters.
Hut 8 surpasses 8,000 BTC mark as it continues to HODL
The Canadian mining operator has managed to HODL through tough market conditions while other miners have sold holdings to manage operational costs.
Hut 8 surpasses 8,000 BTC mark as it continues to HODL
The Canadian mining operator has managed to HODL through tough market conditions while other miners have sold holdings to manage operational costs.
DeFi Regulations: Where US regulators should draw the line
The U.S Federal agency’s approach to the DeFi market has raised several concerns over the future of the industry: Experts weigh in on what’s the right approach.
Ethereum co-founder's poll shows people want $100 lifetime .eth domains
Almost 50% of the 91,130 votes answered that the fair price for 100 years of owning a five-letter .eth domain is under $100.
Ethereum co-founder's poll shows people want $100 lifetime .eth domains
Almost 50% of the 91,130 votes answered that the fair price for 100 years of owning a five-letter .eth domain is under $100.
Vitalik reminds node operators to update client before the Bellatrix upgrade
The Bellatrix hard-fork is the final update on the Beacon chain that will prepare it for the Merge, and if node operators are not updated to the latest client, they risk syncing to the pre-fork chain.