Bitcoin needs 'sharp bounce' at $88K as S&P 500 echoes COVID-19 crash

Bitcoin (BTC) fell below $28,700 after the Aug. 7 Wall Street open as “endless spot selling” drove BTC price action lower.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders brace for losses as $29,000 support breaksData from Cointelegraph Markets Pro and TradingView showed BTC/USD returning nearer to its August lows after a shaky weekly close.The start of United…

Bitcoin (BTC) price swings might be impossible to predict, but there is a strategy frequently used by pro traders that yields high returns with minimal cost.Typically, retail traders rely on leveraged futures positions which are highly susceptible to forced liquidations. However, trading Bitcoin options provide excellent opportunities for investors aiming to maximize gains while limiting…

There is increasing reason to believe that surprise gains, not losses, for Bitcoin will be the conclusion of the current BTC price phase, say analysts. 753 Total views 18 Total shares Bitcoin (BTC) broke through $42,000 on Jan. 11 as expectations of a fresh “short squeeze” mounted.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewShort-term squeeze “reasonably…

European startup Revolut reportedly asked employees to leave as part of a cost-cutting effort amid difficult times. 742 Total views 27 Total shares In an effort to trim expenses, European fintech outfit Revolut has allegedly urged employees to leave, according to staff interviewed by Wired."Some of the employees allegedly pressured to leave have been left…

The filing followed similar applications from asset managers BlackRock and Fidelity in the last 7 days to include information on surveillance-sharing agreements. The most recent filing involving cryptocurrency fund manager Valkyrie’s application for a spot Bitcoin exchange-traded fund (ETF) in the United States followed others by including a “surveillance-sharing agreement” with Coinbase.According to a July…

The Ethereum scaling solution has surpassed $1 billion in total value locked within a matter of weeks. 378 Total views 34 Total shares According to data from DefiLlama, total value locked (TVL) on Optimism, a layer-2 scaling solution for the Ethereum blockchain, has surged 284% in the past month. The vast majority of TVL consists…

Space-as-a-service-focused blockchain startup SpaceChain has sent its hardware wallet technology to the International Space Station (ISS).As part of the CRS-19 commercial resupply service mission, a SpaceX Falcon 9 rocket is delivering SpaceChain’s hardware wallet technology to the ISS, according to a Dec. 6 press release. The move purportedly marks the first tech demonstration of blockchain…

Bitcoin (BTC) held above $41,000 into the weekend after a late surge Friday took the largest cryptocurrency to two-week highs.BTC/USD 1-day candle chart (Bitstamp). Source: TradingView"The only good bear is a dead bear"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining newly re-won ground Saturday, with the pair's correlation to stock makets firmly in focus.Analysts…

Who would have thought an alleged exit scam could have a happy ending? In a surprising turn of events, SushiSwap's former head, anonymously known as Chef Nomi on Twitter, has apologized for their mistakes and returned $14M to the project's development fund.Nomi said in a Sept. 11 Tweet thread: To everyone. I f***** up. And…