5/14/2023 8:30:43 PM
NFT Sales Surge 31% This Week as Bitcoin NFTs Secure Second Place in Blockchain Sales
Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless, the most recent week exceeded anticipations, as sales skyrocketed by 31.22%. Throughout the seven-day interval, […]
5/14/2023 7:47:42 PM
Gold’s Disparity to Beat Bitcoin is Regaining Fuel – Bloomberg’s Mike McGlone | Coingape
Mike McGlone, Bloomberg Intelligence’s Senior Commodity Strategist claims that the recent trend in which the price of gold has been increasing relative to the price of Bitcoin is significant and could continue for some time. He stated that the Bitcoin rollover risks lean toward deflation. According to Bloomberg data, the price of gold was up The post Gold’s Disparity to Beat Bitcoin is Regaining Fuel – Bloomberg’s Mike McGlone appeared first on CoinGape.
5/14/2023 5:00:18 PM
Bitcoin price hits $27.2K, but new analysis warns more losses 'likely'
Bitcoin may be up 7.5% since Friday, but BTC price action is not giving everyone cause for positivity. Bitcoin (BTC) sought to recover $27,000 into the May 14 weekly close as volatility picked up out of hours.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price gains over 7% in two daysData from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $27,200 on Bitstamp.Its highest in several days, the performance reflected gains of around 7.5% ver
5/14/2023 4:55:11 PM
US Senators Keeping Tabs on El Salvador Bitcoin (BTC) Adoption in Reintroduced Bill: Report
US Senators are reportedly reintroducing a bill that would allow them to track and monitor the developments related to El Salvador’s adoption of Bitcoin (BTC). According to a new report by the Washington Examiner, Senators Bob Menendez, a Democrat from New Jersey, and Jim Risch, a Republican from Idaho, have announced the Accountability for Cryptocurrency […] The post US Senators Keeping Tabs on El Salvador Bitcoin (BTC) Adoption in Reintroduced Bill: Report appeared first on The Daily Hodl.
5/14/2023 4:03:56 PM
Bitcoin’s recovery may trigger buying in these 4 altcoins
While most coins are reeling under pressure, Bitcoin and select altcoins such as ADA, ATOM, LDO, and ARB are showing promise. The S&P 500 Index (SPX) closed the week with a nominal loss of 0.29% but Bitcoin (BTC) is on target to finish the week with a deeper cut of more than 5%. The weakness in Bitcoin pulled several altcoins lower, indicating weakening sentiment.A silver lining is Bitcoin’s solid bounce on May 12. Several analysts anticipate Bitcoin to start a recovery but
5/14/2023 3:30:44 PM
Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion
In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that number has been reduced to 263,406. Currently, 184 blocks need to be cleared to […]
5/14/2023 2:30:05 PM
Glassnode Co-Founders Say They’re Confident of Explosive Bitcoin Move, Predicts Fed Rate Hike Pause in a Month
The creators of one of the top on-chain analytics firms in the crypto space believe that Bitcoin (BTC) is gearing up for an explosive move to the upside. Jan Happel and Yann Allemann say that Bitcoin is likely poised to break above the key resistance area at $30,000. According to the Glassnode co-founders, the macro […] The post Glassnode Co-Founders Say They’re Confident of Explosive Bitcoin Move, Predicts Fed Rate Hike Pause in a Month appeared first on The Daily Hodl.
5/14/2023 12:45:39 PM
4 alarming charts for Bitcoin bulls as $27K becomes formidable hurdle
The price of Bitcoin can fall to $15,000 in 2023 if its strengthening correlation with certain macro charts is any indication. Bitcoin (BTC) has rallied nearly 60% to around $27,000 in 2023 amid anticipations that the Federal Reserve would pause its quantitative tightening amid the U.S. banking crisis. Still, BTC price has failed to move beyond $30,000 decisively.Buying exhaustion at this key psychological level led to a price correction toward $25,000 over the past week. Int
5/14/2023 12:30:53 PM
Demand Pressure at Key Support Hints Bitcoin Price to Rise 7% in Coming Week; Enter Now? | Coingape
Amid the increasing supply pressure in the market, the Bitcoin price showed a decisive breakdown attempt from the monthly support of $27000-$26786 on May 12th. However, by the end of the day, the buyers undermined nearly the entire selling pressure and pushed the prices up with a long tail formation. This rejection candle indicates the The post Demand Pressure at Key Support Hints Bitcoin Price to Rise 7% in Coming Week; Enter Now? appeared first on CoinGape.
5/14/2023 11:45:28 AM
Strategist At $4,500,000,000,000 Fund Warns Sudden Interest Rate Drop Could Crush Dollar, Boost Bitcoin and Gold
Fidelity macro expert Jurrien Timmer says that a Fed pivot back to lower interest rates could ignite fresh bull markets for gold and Bitcoin (BTC). Timmer points out to his 162,000 Twitter followers that gold and Bitcoin have outperformed virtually all other financial assets so far this year. He says an economic scenario could develop […] The post Strategist At $4,500,000,000,000 Fund Warns Sudden Interest Rate Drop Could Crush Dollar, Boost Bitcoin and Gold appeared first on The Daily Hodl.
5/14/2023 7:04:08 AM
Top Analyst Issues Bitcoin Alert, Says BTC Could Witness 2015-Style Correction – Here’s His Downside Target
An analyst who continues to build his following with long-term Bitcoin (BTC) calls warns that the crypto king could go through a major correction similar to what happened about eight years ago. Psuedonymous analyst Rekt tells his 345,100 Twitter followers that Bitcoin appears to be acting similar to its 2015 price action, when it retested […] The post Top Analyst Issues Bitcoin Alert, Says BTC Could Witness 2015-Style Correction – Here’s His Downside Target appeared first on The Daily Hodl.
5/14/2023 3:08:49 AM
US Debt Obligations To Hit $200,000,000,000,000 if Entitlements Are Not Cut As Demographic Storm Looms: Stan Druckenmiller
Legendary investor Stanley Druckenmiller is warning that America’s fiscal situation could force the nation to give up on much of its social programs and entitlements. In a new keynote speech, Druckenmiller, known as “The Druck”, says few are giving an honest look of the severity of the US debt, and most are not accounting for […] The post US Debt Obligations To Hit $200,000,000,000,000 if Entitlements Are Not Cut As Demographic Storm Looms: Stan Druckenmiller appeared first on The Daily Hodl.
5/13/2023 8:30:16 PM
Bitcoin [BTC] Futures: Key metric touches historic low as traders shift from volatility
Bitcoin's utility in the futures market has been affected by the FTX crash, resulting in price volatility. Recent data shows a decline in crypto-margined collateral.