Bitcoin 'head and shoulders' pattern risks $80K BTC price dip — Analyst

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Editor’s noteAs many of you were certainly following in real time, a bull market gave way to a bloodbath yesterday, which happened to be Thanksgiving in the U.S. Personally, I’ve never thought that Bitcoin’s price was any sort of proof of its value proposition, but for many its retreat yesterday certainly dashed many a planned…

Friday, Aug. 2 — Bitcoin (BTC) consolidated at around $10,500, while the top 20 coins by market cap are seeing mixed signals.13 out of 20 top cryptos by market cap are seeing green at press time, with Texos (XTZ) recording the biggest gains in the list, up more than 6%, according to CoinMarketCap. On the…

The Senate of Hamburg has introduced the first comprehensive report on the development of blockchain activities in the city.Hamburg Senate expects the role of blockchain to increase in the coming yearsIn an official statement on July 23, the Hamburg authority stated that several blockchain initiatives have been piloted in the city as the senate expects…

While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector. 67 Total views 10 Total shares China’s internet giant Tencent has reportedly shut down one of the two nonfungible token (NFT) platforms owing to declining sales aided by the regressive monetary policies of the…

Spent output profit ratio is heavily hinting that hodlers should buy the dip on BTC, analysts say. 741 Total views 10 Total shares Bitcoin (BTC) speculators have been selling at a loss, and this week presents a golden buying opportunity, analysts say.Data shows Bitcoin’s spent output profit ratio (SOPR) flipped negative for the first time…

In an interview with Cointelegraph, Alex Mashinsky, the founder of the decentralized finance app Celsius Network, took aim at the crypto community for becoming fixated on short-term profiteering and failing to drive mass adoption. Mashinsky urged the community to capitalize on the opportunity to redefine money and finance offered amid the deepening global economic crisis.Mashinsky…