Bitcoin spoofs $39.5K breakout at Wall St open as Elon Musk Twitter takeover nears

Bitcoin (BTC) saw a classic “fake out” move on April 25 as volatility kept traders firmly on edge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders stay gloomy on BTC outlook Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly climbing almost $1,000 as April 25’s Wall Street trading session began. The move was short-lived, […]

GBTC premium nears 2022 high as SEC faces call to approve Bitcoin ETF ‘people really want’

Things are looking up for the United States’ largest institutional Bitcoin (BTC) product by asset holdings as pressure mounts on regulators. Data from on-chain monitoring resource Coinglass confirms that as of April 21, the Grayscale Bitcoin Trust (GBTC) is rebounding toward 2022 highs. Grayscale CEO: “‘If’ not ‘when’” for U.S. Bitcoin spot ETF After a […]

Terra’s LUNA Leads Slide in Majors as Ether Nears $3K

Bearish sentiment in global markets spread to crypto markets. Terra’s LUNA, Avalanche’s AVAX, and ether (ETH) saw the biggest declines in the past 24 hours outside of bitcoin in the top ten cryptocurrencies by market capitalization. In European morning hours, ether dropped to just over a major support level at $3,000, losing which could see […]

Monero community concerned as leading mining pool nears 51% of ecosystem’s total hash rate

On Tuesday, privacy coin Monero (XMR) mining pool MineXMR’s hash rate surpassed over 1.4 GH/s, accounting for 44% of the hash rate of the XMR network. MineXMR has about 13,000 miners and charges a 1% pool fee. According to a screenshot from last August, the pool only contributed to 34% of the hash rate […]

Traders Expect Ethereum to See Violent Rejection as Multi-Year Trendline Nears

Ethereum’s intense uptrend has allowed it to climb all the way to $200 This level coincides closely with a multi-year descending trendline that has been forcing the crypto lower One trader is flipping short due to the heavy resistance around this level The market-wide uptrend seen throughout the past week has proven to be particularly […]

Fed Balance Sheet Nears $6 Trillion, Bitcoin Breaks $7K

The Federal Reserve’s balance sheet just hit a new record, increasing to a massive $5.86tn. This is thanks to fresh new liquidity aimed to prevent markets from crashing during the coronavirus pandemic. As investors wonder what the end effects will be on fiat, Bitcoin breaks $7,000. Federal Reserve Balance Sheet Breaks Records According to Reuters, […]