Fun

News Feed - 2023-07-18 01:07:33

William Suberg16 hours agoBitcoin ‘full breakout’ not here yet as BTC price spends month at $30KBTC price targets extend down to $27,000 with Bitcoin in a state of “flux.”2847 Total views33 Total sharesListen to article 0:00Market UpdateJoin us on social networksBitcoin (BTC) refused to give up $30,000 at the July 17 Wall Street open as observers placed bets on a step lower next.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders line up downside targets


Data from Cointelegraph Markets Pro and TradingView followed what one analyst called boring BTC price action into the new trading week.


After an equally quiet weekend, BTC/USD showed no signs of volatility amid a lack of catalysts for change across risk assets.Twenty-six days within this range for #Bitcoin.

Boring. pic.twitter.com/JghJp1dCCQ— Michaël van de Poppe (@CryptoMichNL) July 17, 2023


“The market is in flux, and both camps are fighting for dominance,” on-chain monitoring resource Material Indicators wrote in part of its latest analysis, referring to a battle between Bitcoin bulls and bears.“Everytime bears start to get some momentum, bulls replenish support at $30k. IMO, still too soon to declare a confirmed bull breakout, quite simply, because we haven’t even had a legit test of resistance. Time for patience and discipline.”BTC/USD 1-week chart with 200-week moving average. Source: TradingView


Material Indicators co-founder Keith Alan suggested that should $30,000 be lost, Bitcoin could find support at key trend lines such as the 200-week moving average at $27,000. This chimed with existing predictions from popular traders Cointelegraph reported on earlier.


Traders Skew and Daan Crypto Trades, meanwhile, noted a “heavy divergence” between spot and derivatives markets, with sellers apt to get the upper hand short term.#Bitcoin Pretty heavy divergence between perps and spot here.

Perps pushing up while spot seems to be selling off. pic.twitter.com/Rhn8PuDlyP— Daan Crypto Trades (@DaanCrypto) July 17, 2023 shorts pushing here, this is where sellers should gain control on market direction

contrarian view is shorts get trapped at lows (buyers step in = absorbing sell pressure) $BTC— Skew Δ (@52kskew) July 17, 2023


“Clear bias for me here,” trader CJ continued alongside a chart with a short-term relief target between $30,000 and $31,000.“Spike into inefficiency and reject — will expect range lows at least, if not breakdown from this range. Reclaim inefficiency (and thus, April high) then we have a solid recovery and we are so back again.”Bad news for Bitcoin dominance?


Elsewhere, concerns over Bitcoin’s retreating crypto market dominance played on the minds of market participants.


Related: Will Bitcoin catch up? BTC price was $40K when the dollar was previously this weak


Popular trader Jibon called the dip below 50% dominance “not good” for BTC, while in its latest market update, trading firm QCP Capital tied United States regulatory events to even lower dominance to come.$BTC.D losing 50% Dominance Support. That"s not good for $BTC. Let"s see what happen next. https://t.co/xRiQfjTnKT pic.twitter.com/eLr2CglpD6— Trader_J (@Trader_Jibon) July 16, 2023


Bitcoin dominance, it wrote, “is likely to break its recent uptrend and move lower again, at least until the BTC physical ETF decision, or when macro factors take over again.”


Last week’s legal rebuke of the U.S. Securities and Exchange Commission over allegations that sales of altcoin XRP (XRP) represented unregistered securities was a mixed blessing for investors, it said.


Bitcoin, which QCP described as “being set up as the ‘anti-security’ coin,” could stand to lose to altcoins thanks to U.S. investor confidence returning.Bitcoin market cap dominance chart. Source: TradingView


Magazine: Experts want to give AI human ‘souls’ so they don’t kill us all


This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.# Bitcoin# Altcoin# Bitcoin Price# MarketsAdd reactionAdd reactionRelated NewsHow to create and sell Bitcoin NFTsHow to use index funds and ETFs for passive crypto income7 payment gateways for fast online transactionsBitcoin continues dominance as 3rd week of fund inflows correct previous months’ outflowsPrice analysis 7/12: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOTBitcoin bulls ‘have work to do’ after XRP price spikes 104%

News Feed

Gary Gensler: SEC Needs New Tools, Expertise, and Resources to Regulate Crypto Industry
Gary Gensler: SEC Needs New Tools, Expertise, and Resources to Regulate Crypto Industry U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in a congressional
Cryptocurrency Is Virtual Property That Is Protected by Law, Chinese Court Rules
Cryptocurrency Is Virtual Property That Is Protected by Law, Chinese Court Rules A Chinese intermediate court based in Beijing recently upheld a lower court’s ruling which d
Data Lake Secures First Blockchain-Based Consents for Medical Data
Data Lake Secures First Blockchain-Based Consents for Medical Data press release PRESS RELEASE. December 2th, Warsaw – Poland: Data Lake has collected the first consents on th
Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year
Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raise
Prometheum labels UNI, ARB securities in custody expansion
Derek Andersen4 hours agoPrometheum labels UNI, ARB securities in custody expansionPrometheum is the only SEC-registered crypto custody provider and already treats ETH as a security.612 Total views8 Total sharesListen to
Blockfi Pauses Customers Withdrawals, Cites ‘Lack of Clarity’ on FTX’s Status as Cause
Blockfi Pauses Customers Withdrawals, Cites "Lack of Clarity" on FTX"s Status as Cause Blockfi, a cryptocurrency lending platform, has announced that it is limiting the operations
J.W. Verret9 hours agoThe Supreme Court could stop the SEC’s war on cryptoNeil Gorsuch, Brett Kavanaugh and Amy Coney Barrett are among a group on the Supreme Court who may not smile upon the SEC’s interpretation of
Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause ‘Multiple Black Swans’
Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause "Multiple Black Swans" Wall Street’s major indexes closed the d
Zhiyuan Sun6 hours agoHashKey signs MOU for crypto exchange insuranceThe policy would potentially cover both the exchange"s hot wallets and cold storage addresses.1479 Total views23 Total sharesListen to article 0:00News
Ripple Expects SEC Lawsuit Over XRP to Conclude Next Year, CEO Says ‘We’re Seeing Pretty Good Progress’
Ripple Expects SEC Lawsuit Over XRP to Conclude Next Year, CEO Says "We"re Seeing Pretty Good Progress" Ripple CEO Brad Garlinghouse says that he expects the lawsuit over XRP by th
Italian Serie ‘A’ Soccer Team AC Milan to Launch NFT Initiative
Italian Serie "A" Soccer Team AC Milan to Launch NFT Initiative AC Milan, a popular soccer team in the Italian Serie A league and the current champion, announced the launch of a ne
Kickoff Your DeFi Adventure With Yearnify Finance – Get Your Tokens on Pre-Sale
Kickoff Your DeFi Adventure With Yearnify Finance – Get Your Tokens on Pre-Sale Decentralized Finance is definitely in the mainstream of the crypto industry. S