Bitcoin Pizza Day rewind: A homage to weird and wonderful BTC purchases

bitcoin-pizza-day-rewind:-a-homage-to-weird-and-wonderful-btc-purchases

In recognition of Bitcoin pizza day, the first-ever real-world transaction using Bitcoin, Cointelegraph speaks with the crypto community about their historic BTC purchases. Happy Bitcoin Pizza Day! Before you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, here’s a slice of trivia: What do a family holiday to Japan, a 50 … Read more

20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow

20%-drop-in-the-s&p-500-puts-stocks-in-a-bear-market,-bitcoin-and-altcoins-follow

Recession fears mount as a 20% decline in the S&P 500 places stock in a bear market, increasing the chance that BTC and altcoins will make new lows. Whoever coined the phrase “sell in May and go away” had brilliant insight and the performance of crypto and stock markets over the past three weeks has … Read more

More Stress For El Salvador As Bitcoin Dips To $29,000

more-stress-for-el-salvador-as-bitcoin-dips-to-$29,000

El Salvador has been on the radar of leading financial and economic institutions since it made Bitcoin a legal tender. It has mainly become a spectacle as cryptocurrency supporters and non-supporters alike watch on to see how this plays out. El Salvador which had made good on its bitcoin promise had made multiple BTC purchases … Read more

Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market

contrarian-bitcoin-investors-identify-buy-zones-even-as-extreme-fear-grips-the-market

A popular BTC price metric points to “extreme fear” in the market, but contrarian investors say multiple on-chain metrics suggest Bitcoin is in buy territory. Bitcoin (BTC) support at the $30,000 level has proven to be quite resilient amidst the turmoil of the past two weeks with many tokens in the top 100 now showing … Read more

Bitcoin price predictions abound as traders focus on the next BTC halving cycle

bitcoin-price-predictions-abound-as-traders-focus-on-the-next-btc-halving-cycle

Traders still anticipate BTC prices above $100,000, but a closer look at the BTC halving cycle chart suggests that a sharper downside move will occur first. Terra’s recent collapse has been repeatedly singled out as the main source of weakness affecting crypto assets, but it’s much more likely that a combination of factors are behind the … Read more

Jack Dorsey’s Block hits $1.3B in Q1 profits, $43M in BTC trading revenue

jack-dorsey’s-block-hits-$1.3b-in-q1-profits,-$43m-in-btc-trading-revenue

Despite the fact that the Bitcoin price trended down over Q1, the Block ecosystem of payment solutions with Bitcoin in mind performed well. Block, the pro-Bitcoin (BTC) umbrella company that hosts Cash App, Square and Afterpay, continues its growth in 2022. According to its Shareholder letter, in the first quarter of 2022, gross profits are … Read more

Bitcoin is discounted near its ‘realized’ price, but analysts say there’s room for deep downside

bitcoin-is-discounted-near-its-‘realized’-price,-but-analysts-say-there’s-room-for-deep-downside

On-chain data suggests Bitcoin price is discounted, but analysts caution against expecting a rapid recovery. There are early signs of the “dust settling” in the crypto market now that investors believe that the worst of the Terra (LUNA) collapse looks to be over. Viewing Bitcoin’s chart indicates that while the fallout was widespread and quite … Read more

Bitcoin Marks Seven Consecutive Red Candles, Paints Gruesome Picture For Market

bitcoin-marks-seven-consecutive-red-candles,-paints-gruesome-picture-for-market

Bitcoin has now entered perhaps one of its most bearish periods ever. The cryptocurrency which has held up quite nicely through all of the market scandals is seeing even more bad news ahead. Previously, it has seen a good number of consecutively red closes that have solidified its entrance into a bear market. However, this … Read more

Bitcoin price could bounce to $35K, but analysts say don’t expect a ‘V-shaped recovery’

bitcoin-price-could-bounce-to-$35k,-but-analysts-say-don’t-expect-a-‘v-shaped-recovery’

Daily closes above $30,000 could be a sign that BTC price is ready to consolidate, but traders warn against “generational bottoms” and “V-shaped” recoveries. Altcoins saw a relief bounce on May 13 as the initial panic sparked by Bitcoin’s sell-off Terra’s UST collapse and multiple stablecoins losing their dollar peg begins to decrease and risk … Read more

Buy the dip, or wait for max pain? Analysts debate whether Bitcoin price has bottomed

buy-the-dip,-or-wait-for-max-pain?-analysts-debate-whether-bitcoin-price-has-bottomed

BTC is flashing a few early bottoming signals, but analysts question whether “buying the dip” is a wise maneuver given the strength of the dollar and other factors. It has been a rough week for the cryptocurrency market, primarily because of the Terra ecosystem collapse and its knock-on effect on Bitcoin (BTC), Ethereum (ETH) and altcoin … Read more