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The amount of Bitcoin (BTC) flowing out of cryptocurrency exchanges picked up momentum on Oct. 18, hinting at weakening sell-pressure that could help BTC price avoid a deeper correction below $18,000.Bitcoin forming a "bear market floor"Over 37,800 BTC left crypto exchanges on Oct. 18, according to data tracked by CryptoQuant.
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A softer-than-expected U.S. inflation data is needed to save the day for ether bulls. Original Source
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Michael Moro, the CEO of crypto broker Genesis has quit as the company cuts 20% of jobs. Source
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Meanwhile, Le said investors shouldn’t expect any surprises in strategy. On the company’s earnings call late Tuesday, Le said that he's been aligned with Saylor on the enterprise and bitcoin strategy throughout their time together. The changes, he said, will free up time for him to run the company. "I
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Hedge fund manager Steve Cohen has existed his investment in crypto trading firm Radkl, according to a report by Bloomberg Tuesday citing a spokesperson for the company. Original Source
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Bitcoin (BTC) is enjoying what some are calling a "bear market rally" and has gained 20% in July, but price action is still confusing analysts.As the July monthly close approaches, the Puell Multiple has left its bottom zone, leading to hopes that the worst of the losses may be in
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Bitcoin (BTC) dropped volatility on the last weekend of July as the monthly close drew near.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView200-week moving average in focus for July closeData from Cryptox Markets Pro and TradingView showed BTC/USD retaining $24,000 as resistance into July 30.The pair had benefitted from macro tailwinds
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Ethereum declined towards $1,350 before recovering higher against the US Dollar. ETH is now facing a major resistance near the $1,460 and $1,500 levels. Ethereum extended losses and traded below the $1,400 level. The price is now trading below $1,460 and the 100 hourly simple moving average. There is a major bearish trend
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On-chain data shows around 800k ETH has exited wallets of the crypto exchange Gemini, a sign that could prove to be bullish for Ethereum. Crypto Exchange Gemini Observes outflows Of 800k ETH As pointed out by an analyst in a CryptoQuant post, the Ethereum exchange reserve has plunged down to lows not
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A drop in bitcoin prices came as electric carmaker Tesla said in an earnings report on Wednesday that it sold $936 million worth of bitcoin, or 75% of its holdings, in the second quarter. CEO Elon Musk cited “the uncertainty of the COVID lockdowns in China” as a crucial reason
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