Bitcoin – Page 59

META Opens NFT Sharing For US Facebook, Instagram Users

Tech giant Meta said it had opened NFT sharing capabilities for all of its US based Instagram and Facebook users. This allows for all U.S. based users to connect their wallets and share their digital collectibles. Earlier in May 2022, Meta said it was testing digital collectibles with a handful of U.S. creators and collectors. They will be able to share on Instagram the non fungible tokens (NFTs) they have created or bought, it said at the time.

Meta Enables...

Cardano Edges Closer to Make-or-Break Point

Key Takeaways

Cardano remains stagnant, trading within a tight price range. This type of price action points to a potential spike in volatility. ADA must print a daily close outside $0.48-$0.41 to resolve its current trend.

Share this article

The macroeconomic environment continues to take a toll on the cryptocurrency market as sentiment deteriorates. Although many market participants appear to be waiting on the sidelines, Cardano looks primed for a major price move.

Cardano Continues to Consolidate

Cardano appears to be on the verge of a...

Can British Pound Collapse Lead to Bitcoin Rise?

Can British Pound Collapse Lead to Bitcoin Rise? September 29, 2022British Pound Plunge To An All-Time LowThe GBP or British Pound is the oldest currency in the world still in use and has been in continuous use since its inception.The British pound hit a record low against the US dollar... Read more Source link

CFTC Chair: ‘Bitcoin Might Double in Price if There’s a CFTC-Regulated Market’

On Wednesday (September 28), Rostin Behnam, the Chairman of the Commodity Futures Trading Commission (CFTC), talked about regulation of the crypto market. Rostin Behnam, who was nominated by U.S. President Joe Biden, was “sworn in as the CFTC’s 15th Chairman on January 4, 2022 after being unanimously confirmed by the U.S....

Strong Crypto Rally As Sentiment Improves, Is Bull Market Next?

The crypto market continues to respond to the broader macroeconomic sentiment. As market sentiments improve, the crypto market is currently rallying. The Bank of England made a shocking decision to pivot to quantitative easing to protect England’s economy. The markets responded with a global rally. Bitcoin surged by 4.35% in the last 24 hours and is currently trading at $19,547. Ethereum prices skyrocketed by 4.51% as well. ETH is currently trading at $1345. The rest of the altcoins reciprocated Ethereum’s...

Capitulation? Bitcoin ($BTC) Whale Holdings Drops to 29-Month Low

Cryptocurrency prices have dropped significantly so far this year and even though the price of the flagship cryptocurrency Bitcoin ($BTC) appears to have stabilized over the last few weeks around the $19,000 mark, whale holdings have been steadily dropping. According to a tweet published by on-chain analytics firm...

Ethereum falls below $1320, can traders look to short the bounce

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum loses PoC, a retest of $1327 as resistance brewing Could the retest end up in a short squeeze with a move to $1400, or can the bears hold their own? Ethereum saw a sharp rejection from the range highs near $1400 a couple of days ago. Combined with the strong drop that Bitcoin saw, Ethereum also developed a lower timeframe bearish...

Binance Data Shows Reason Behind Huge Bitcoin (BTC) Activity

A close look at Binance Bitcoin (BTC) transaction activity would indicate why there have been huge trading volumes recently. BTC saw huge fluctuations in the last one week, with a gap of around $2,000 between weekly high and low level. Despite the huge volatility, the top cryptocurrency witnessed the highest trading activity in over three months. On Tuesday, the BTC trading volume was the highest since the decline in June this year, when the crypto winter atmosphere intensified.

What...

Crypto Could Enjoy “Renaissance” as Trust in Banks Fades: Druckenmiller

Key Takeaways

Legendary investor Stanley Druckenmiller has hinted at a "renaissance" for the crypto space if public trust fades in central banks. Still, rate hikes from the Fed and worsening macroeconomic conditions have proven brutal to the industry. Cryptocurrencies like Bitcoin and Ethereum have not gone unnoticed by the traditional investment class.

Share this article

The global crypto market capitalization is almost 70% down this year, largely thanks to the Federal Reserve’s commitment to hiking interest rates. Nevertheless, investing legend Stanley Druckenmiller sees a...

Cardano ($ADA) Founder Explains Why He Is Not a Fan of Central Bank Digital Currencies

In a recent interview, Charles Hoskinson, Founder and CEO of Input Output Global (“IOG”), the blockchain technology firm behind Cardano’s R&D, shared his thoughts on central bank digital currencies (CBDCs). Here is how Binance Academy explains the concept of CBDCs: “A central bank digital currency (CBDC) is a digital...