Bitcoin price rallies to $32.3K, but three factors could limit its recovery

Archive for May, 2022

Bitcoin price rallies to $32.3K, but three factors could limit its recovery

By support on Tuesday, May 31st, 2022 | No Comments

BTC bulls pressed the price to $ 33,300, but significant tailwinds in traditional markets could continue to weigh on Bitcoin price. Cointelegraph.com News

Paraguay paves the way for crypto regulation despite internal opposition

By support on Monday, May 30th, 2022 | No Comments

A new bill for crypto regulation has been approved by Paraguayan Congress despite the central bank and budget commission’s rejection of the project. Cointelegraph.com News

Ethereum Gas Fees Touch New Lows, What’s Ahead For Ethereum

By support on Saturday, May 28th, 2022 | No Comments

Ethereum is one of the most widely-adopted cryptocurrency projects worldwide. Yet, it’s hated worldwide for its sky-high gas (transaction) fees. Users globally constantly complain about the coin’s terribly-high transaction prices on various social media platforms. Shockingly, Santiment, an on-chain and metrics platform, published on Twitter a report showing Ethereum’s transaction prices plummeting to their lowest. […]

Bearish Indicator: Is Bitcoin Headed For Its Ninth Red Weekly Close?

By support on Friday, May 27th, 2022 | No Comments

This week, Bitcoin had made history when it recorded its eighth consecutive red weekly close. This first-of-its-kind streak had cemented the digital asset on one of the worst bearish trends that have ever been recorded. Now, even as the week runs towards another close, the cryptocurrency has not been able to make any considerable recovery, […]

Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first

By support on Thursday, May 26th, 2022 | No Comments

ETH dropped below a key support in its USD/BTC pair, but analysts say a bullish trading pattern could eventually spark a sharp trend reversal. Cointelegraph.com News

Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable

By support on Wednesday, May 25th, 2022 | No Comments

The discussion of FTX.US’s proposal for non-intermediated margined products clearing highlighted unknown factors and need for more regulatory framework. Cointelegraph.com News

ECB: One in ten households in eurozone population centers now own cryptocurrency

By support on Tuesday, May 24th, 2022 | No Comments

The survey took place in the EU’s major economic areas such as France, Germany, Italy, Spain, Belgium, and the Netherlands. Cointelegraph.com News

Bitcoin Taker Buy/Sell Ratio Approaches Bullish Cross

By support on Monday, May 23rd, 2022 | No Comments

On-chain data shows the Bitcoin taker buy/sell ratio is now approaching a crossover with the “1” level, a sign that could be bullish for the crypto’s price. Bitcoin Taker Buy/Sell Ratio Observes Rise, Almost Reaches A Value Of 1 As explained by an analyst in a CryptoQuant post, signs may suggest that a local top […]

Top 5 cryptocurrencies to watch this week: BTC, BNB, XMR, ETC, MANA

By support on Sunday, May 22nd, 2022 | No Comments

BTC price continues to encounter selling pressure, but a brief rally or the start of consolidation could lead to sharp gains in BNB, XMR, ETC and MANA. Cointelegraph.com News

CryptoPools

Archive for May, 2022