What Technical Analysis Tells Us About the Bitcoin Market
The recent downturn in BTC may have some way to travel, according to Katie Stockton, Managing Partner of Fairlead Strategies.
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May 8, 2024 at 4:00 p.m. UTC
May 8, 2024
Bitcoin
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Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
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First Mover Americas: Bitcoin Hovers Above $62K
The latest price moves in crypto markets in context for May 8, 2024.
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May 8, 2024 at 12:01 p.m. UTC
May 8, 2024
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Key Bitcoin Indicator Points to Period of Calm in Crypto Market
BTC's volatility risk premium (VRP) has collapsed in a sign of a market trending towards stability, where future uncertainties are less of a concern.
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May 8, 2024 at 11:08 a.m. UTC
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Bitcoin Layer-2 Builder Botanix Labs Raises $8.5M From Polychain Capital, Others
The New York-based firm built Spiderchain to be compatible with Ethereum Virtual Machine (EVM) layers.
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May 7, 2024 at 4:00 p.m. UTC
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Bitcoin Could Benefit From a Trump Win and U.S. Fiscal Dominance: Standard Chartered
A Trump election victory could be positive for crypto as his administration would likely push for a more supportive regulatory environment, the report said.
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May 7, 2024 at 3:06 p.m. UTC
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First Mover Americas: Bitcoin Settles Into $63K-$64K Range
The latest price moves in crypto markets in context for May 7, 2024.
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May 7, 2024 at 12:01 p.m. UTC
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Is Bitcoin Mining Centralized? With Peter Todd
Bitcoin core developer Peter Todd joins The Mining Pod to discuss mining pool centralization threat vectors, MEV on Bitcoin, JPEGS and hidden attacks to Bitcoin.
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May 7, 2024 at 11:01 a.m. UTC
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Bitcoin Rebound Has Crypto Options Traders Anticipating $100K
The number of active bitcoin call contracts is significantly higher than puts, indicating bullish market sentiment.
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May 7, 2024 at 6:32 a.m. UTC
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Bitcoin Slips to $63K as Crypto Market Faces More U.S. Regulatory Pressure
Despite the recent bounce, the correction isn't over, said one technical analyst, expecting bitcoin to fall to the low-mid $50,000 area before rallying to new all-time highs.
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May 6, 2024 at 8:39 p.m. UTC
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Two Big Bitcoin Catalysts Could Drive MicroStrategy Stock Gains, TD Cowen Says
MicroStrategy shares are up 89% year-to-date but TD Cowen analyst Lance Vitanza believes the software firm could end the year “meaningfully higher.”
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May 6, 2024 at 8:03 p.m. UTC
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