Adam Back, CEO of Blockstream and a cryptography pioneer, highlighted that Bitcoin's 200-week simple moving average (SMA) has risen above $59,000, marking a new "math floor" or long-term support level for the cryptocurrency. This metric is considered the most reliable indicator of Bitcoin's stable price base, historically never breached downward once established. Back's bullish outlook suggests Bitcoin is entering a phase of "hyperbitcoinization," with the potential to reach prices between $500,000 and $1 million in the current cycle. Institutional investors are increasingly active, while retail investors remain cautious, reinforcing the significance of this milestone.
Bitcoin surged above $65,000 and Ethereum passed $1,900 after US Producer Price Index data showed inflation cooling more than expected. The weaker inflation readings reduced market expectations for a Federal Reserve interest rate hike in July, boosti...
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
Cryptocurrency prices are fluctuating with Bitcoin trading above $65,000 and Ethereum near $1,920. Some coins like Zcash (ZEC) and Gnosis (GNO) have seen significant gains of 6.49% and 8.45% respectively, while others like DEXE and AAVE experienced n...
Cryptocurrency prices are fluctuating with Bitcoin rising 1.04% to $65,340 and Ethereum increasing 3.16% to $1,928.95. Other notable changes include Zcash up 6.67% and Dogecoin slightly down by 0.44%. These movements reflect ongoing volatility in the...
Bitcoin surged 4.37% following a cooler-than-expected CPI report, which reduced market fears of a rate hike and boosted risk appetite. This shift is supported by rising long positions and strong on-chain fundamentals, including increased wallet holde...
