Bitcoin Rejected at $30K Again, Avalanche Slumps 9% (Market Watch)

bitcoin-rejected-at-$30k-again,-avalanche-slumps-9%-(market-watch)

A familiar scenario occurred in the crypto market in the past 24 hours as bitcoin was rejected at $30,000 once again. The altcoins have followed suit with daily declines. Ethereum slid below $2,000, while Cardano, Solana, and Avalanche are deeper in the red. Bitcoin Stopped at $30K After last week’s sideways trading, in which BTC … Read more

After Predicting $400K Bitcoin, Guggenheim Now Sees a Crash to $8K

after-predicting-$400k-bitcoin,-guggenheim-now-sees-a-crash-to-$8k

With the price of bitcoin currently below $30,000, Scott Minerd, the chief investment officer of global investment giant Guggenheim Partners, believes BTC’s value could further dip to $8,000. Bitcoin Price Could Bottom at $8,000 Minerd made the bearish prediction on Monday (May 23, 2022), during an interview on CNBC’s Squawk Box at the World Economic … Read more

TA: Bitcoin Price Stuck In Key Range, Why Dips Might Be Limited

ta:-bitcoin-price-stuck-in-key-range,-why-dips-might-be-limited

Bitcoin failed again to clear the $30,600 resistance zone against the US Dollar. BTC is declining, but the bulls might remain active near $28,500. Bitcoin failed to gain strength for a move above the $30,600 resistance zone. The price is now trading below the $30,000 level and the 100 hourly simple moving average. There was … Read more

Luxury Fashion House Balenciaga Accepts Payments in BTC and ETH (Report)

luxury-fashion-house-balenciaga-accepts-payments-in-btc-and-eth-(report)

The French fashion brand – Balenciaga – will reportedly embrace cryptocurrencies as a payment method for its products. Initially, the offering will be available at the firm’s US shops on Madison Avenue in New York and Rodeo Drive in Beverly Hills, Los Angeles. Balenciaga Catching the Crypto Wave According to a recent coverage, Balenciaga will … Read more

Eight Consecutive Red Closes: Is Bitcoin Headed For A Recovery?

eight-consecutive-red-closes:-is-bitcoin-headed-for-a-recovery?

Bitcoin for the past two months has been closing consecutive weeks in the red. The previous week had seen it close its seventh consecutive weekly candle for the first time in history, and although investors hoped that this would end with a reversal, the digital asset has gone on to mark another week in the … Read more

Bitcoin Taker Buy/Sell Ratio Approaches Bullish Cross

bitcoin-taker-buy/sell-ratio-approaches-bullish-cross

On-chain data shows the Bitcoin taker buy/sell ratio is now approaching a crossover with the “1” level, a sign that could be bullish for the crypto’s price. Bitcoin Taker Buy/Sell Ratio Observes Rise, Almost Reaches A Value Of 1 As explained by an analyst in a CryptoQuant post, signs may suggest that a local top … Read more

Bitcoin Investors Gripped By Fear, Any Sign Of Hope Remain?

bitcoin-investors-gripped-by-fear,-any-sign-of-hope-remain?

Bitcoin is moving sideways after a major bear assault took it below its 2021 low. The first crypto by market cap seems to be displaying short-term low volatility and could see further downside, according to market participants’ expectations. Related Reading | Coinbase Is on a Downwards Spiral and Could Be Taking your Crypto with It At … Read more

Negative Streak Continues: Bitcoin Registers 8 Consecutive Weekly Candle in Red

negative-streak-continues:-bitcoin-registers-8-consecutive-weekly-candle-in-red

Despite reclaiming the $30,000 mark late last night, bitcoin still closed the weekly candle in the red. Thus, the cryptocurrency extended its negative streak to eight consecutive weeks. 8 in a Row in Red A lot can change in the cryptocurrency space in two months, and it definitely did for bitcoin. The asset stood close … Read more

Christine Lagarde’s Son Is a Crypto Investor Despite Her Anti-Bitcoin Stance

christine-lagarde’s-son-is-a-crypto-investor-despite-her-anti-bitcoin-stance

The President of the European Central Bank (ECB) – Christine Lagarde – reiterated her negative stance on cryptocurrencies, claiming they are “based on nothing” and should be strictly regulated. Nonetheless, she revealed that one of her sons had distributed some of his wealth into the digital asset market. Diving Into Crypto Despite Mom’s Advice Numerous … Read more

Another Crypto Bet: Drake Lost $234K in BTC on the F1 Spanish GP

another-crypto-bet:-drake-lost-$234k-in-btc-on-the-f1-spanish-gp

The Canadian rap star – Aubrey Drake Graham (better known as Drake) – placed a $234,000 worth of bitcoin bet on Ferrari’s driver Charles Leclerc to win the Spanish Grand Prix. Unfortunately for him, the winner of the race was Red Bull’s pilot Max Verstappen. Drake’s First F1-Bitcoin Bet The artist took it to Instagram … Read more