Blog – Page 423

Mow, Saylor, Wood, Diop, & Ammous –

Welcome to the Bitcoin 2022 conference’s best day recap. Audiovisually, the Bitcoin Magazine staff stepped up its game. The livestream transmission was much more professional and tv-like than the Industry Day one. The stand-out performance was Coin Stories’ Natalie Brunell hosting the news desk, that woman knows what she’s doing. Over at the Nakamoto Stage, Bitcoin Rapid Fire’s John Valis hosted the morning festivities. A quick reminder, there was action in other stages happening simultaneously. This recap is about what...

MATIC Drops 14% On Weekly Basis; Ready For $1.25 Next?

MATIC price treads water on Saturday indicating a lack of enthusiasm among traders. The price shows signs of selling exhaustion as it approached a reliable support area that could be the key to a quick reversal. However, in the longer time frame, the MATIC buyers look in trouble. MATIC price remains muted with modest gains. The price seeks support around the multi-month support of around $1.45. However, on the weekly charts, the price looks weak and could ignite further selling in the...

Will Ethereum 2.0 Drive ETH Prices Past $10k?

The widely anticipated Ethereum 2.0 upgrade, or “Merge” has been generating some bullish sentiment for the Ethereum Token even before its application. Experts have suggested that this update will launch ETH towards the $10,000 price mark. The world’s second-largest cryptocurrency has seen a surge of over 23% in the last 30 days.

Crypto analysts expect ETH to cross $10k mark

Crypto enthusiast Lark Davis suggested that Ethereum 2.0 will prove to be the catalyst that will lead ETH towards the $10k...

Bitcoin, Ethereum Look Set to Retrace Before Rebounding

Key Takeaways

Bitcoin has dropped by nearly 13% since Mar. 28. Likewise, Ethereum has incurred more than 12% in losses. Both tokens are now approaching key support areas that may contain the bleeding.

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Bitcoin and Ethereum are struggling to find support, while traders in the futures markets are showing signs of optimism. Such market behavior could result in a brief upswing before another retrace.

Bitcoin Prepares to Bounce

Bitcoin appears to be gaining momentum for a rebound after the steep correction it...

Bitcoin (BTC) Long Liquidations Hit 2-Mth High As Price Plummets

Bitcoin’s (BTC) abrupt tumble from 2022 highs caused a string of large liquidations in the market. Big long positions- which expected the token to find a bottom- saw some of their biggest liquidations this year. BTC fell from near $48,000- its highest level this year- to $42,400 in little over a week. The token’s sharp decline is attributed to growing concerns over inflationary pressures this year, as well as aggressive measures from the Federal Reserve to curb prices. Weakness in the...

NFT-Based F1 Game Shuts Down, Leaving NFT Holders With Nearly Worthless Tokens

An NFT-based Formula 1 racing game has shut down permanently, leaving token holders reeling from the loss. According to a report by Kotaku, F1 Delta Time, an official NFT and crypto-powered racing game that was first launched in 2019, shut down last month. Investors holding the game’s tokens...

Terra (LUNA) Slumps 11%, Why Are Top Altcoins Tumbling?

Terra (LUNA) led a rout in altcoins on Saturday as worsening sentiment saw investors lock-in recent gains in the market. Most major altcoins also saw sharp losses for the week. LUNA fell 11% to an over one-week low of $94.13. It was trading nearly 27% below a record high hit earlier in the week, and was down nearly 13% over the past seven days. Most other altcoins, including Cardano (ADA), Solana (SOL) and Ripple (XRP) shed between 3% to 10%. A...

Bitcoin 2022, Industry Day. Recap, Videos, And Quick Comment On Most Panels –

As Bitcoinist starts to recap Bitcoin 2022’s content, it’s obvious that the focus on “crypto” was just a first-day thing. The Industry Day seems like a way to suck up to certain companies by giving them stage time, but without letting them interrupt the rest of the conference. And these first few presenters and guests weren’t as savvy or didn’t know in which cyber hornet’s nest they were in. In any case, interesting ideas were thrown around and there was...

Terra Adds $200 Million in AVAX to Bolster UST Stablecoin Reserves

Terraform Labs, the company responsible for the development of Terra, and the Luna foundation Guard (LFG), have purchased a combined $200 million worth of Avalanche ($AVAX) to bolster the reserves of Terra’s UST stablecoin. According to an announcement from Terraform Labs, it swapped $100 million worth of...

Mozilla Foundation Brings Back Crypto Donations, but Leaves out Bitcoin ($BTC) and Other Cryptos

The Mozilla Foundation, a non-profit organization that oversees the Mozilla Corporation, which is behind a number of internet-related applications including the popular Firefox web browser, is resuming cryptocurrency donations, but is leaving out numerous cryptos including Bitcoin ($BTC). According to an announcement from the Mozilla Foundation, it started...