Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’

Bitcoin (BTC) briefly touched $43,000 prior to Wall Street opening on Jan. 6 as new market analysis offered bad news for bears. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Very similar to $30,000"Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged after hitting its lowest levels in nearly six weeks.Amid six-month lows for sentiment and…

The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile food and energy sectors, it's evident that the efforts made by the U.S. Federal Reserve to curb inflation have fallen short of

Stablecoin issuer Tether said that it had invested some of its reserves in bitcoin (BTC), according to a court filing obtained by tech-focused media outlet the Block on May 21.Per the document dated May 16, David Miller, an attorney for Tether’s associated firm Bitfinex, said that Tether invested “a small amount” of Tether’s reserves into…

A community member questioned why Poloniex needed to send an on-chain message in 15 different languages if the hacker’s identity was truly confirmed. 242 Total views 1 Total shares Crypto exchange Poloniex recently posted a message to the hacker responsible for stealing over $100 million in digital assets from one of its wallets, saying that

Social media giant Facebook has apparently formed a new financial tech firm, Libra Networks LLC, according to a filing on the Geneva Commercial Register.Libra Networks was registered in Geneva on May 2 by Facebook Global Holdings II LLC. Per the official filing the firm provides:“...services in the fields of finance and technology, as well as the…

On Nov. 17 the artificial intelligence startup OpenAI made the shock announcement that CEO Sam Altman — the man behind viral AI-powered tech such as chatbots ChatGPT, GPT4 and image generator DallE-3 — was fired.The tech world reeled and Altman’s colleagues rallied to his side, with then-OpenAI president and co-founder Greg Brockman announcing his own resignation.

The company says it expects Bitcoin and other cryptocurrencies to come into greater everyday use, especially once tokens become more environmentally friendly. 116 Total views 13 Total shares Seety, a digital parking startup based in Belgium, has introduced crypto payment support for parking tickets.According to a report by DataNews on Thursday, the company which is…

The number of open contracts for the Chicago Mercantile Exchange’s (CME) bitcoin (BTC) futures is reportedly at an all-time high, cryptocurrency news outlet Coindesk reported on June 3.According to visible data released by the United States Commodity Futures Trading Commission (CFTC) data, the number of open positions for the aforementioned future contract in the week…