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May 31, 2023
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Popular News

1

Synthetix (SNX) trading volume overtakes GMX, but is the DEX token rally sustainable?

  • Markets
2

Bitcoin nears $27K despite ‘hot’ PCE data sparking June rate hike bets

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3

Bitcoin ‘buys the rumor’ on US debt ceiling as BTC price nears $27.5K

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4

2 more rate hikes? Bitcoin analyst counts down to ‘huge’ volatility

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5

Bitcoin dips 5% to key support in ‘moment of truth’ for crypto market

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6

Ethereum is ‘woefully undervalued’ but growing more powerful: DeFi Dad, Hall of Flame

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7

Longing for liquidity — 5 things to know in Bitcoin this week

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8

These 4 altcoins could be ready for an up-move if Bitcoin rallies above $27,500

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9

$160K at next halving? Model counts down to new Bitcoin all-time high

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10

Bitcoin price capitulation below $26K possible as Friday’s BTC options expiry looms

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11

Bitcoin flips volatile at $27K as Fed’s Powell teases end to rate hikes

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12

Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?

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13

How much is Bitcoin worth today?

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14

Sink or swim at $27K? 5 things to know in Bitcoin this week

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15

Bitcoin price retests key support as Fed rate hike fears steal $27K

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16

‘One of the greatest’ Bitcoin metrics says BTC price bull run is here

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17

Bitcoin offers ‘good signs’ as analysts retain $40K BTC price target

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18

3 reasons why Ethereum price could struggle at the $1.9K level

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19

BTC price bounces at $25.8K lows amid warning over low whale interest

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20

Bitcoin price hits $27.2K, but new analysis warns more losses ‘likely’

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21

‘Don’t short when it’s dark green’ — How to trade the 2024 Bitcoin halving

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22

The Ethereum Foundation just sold $30M in Ether — But will ETH price fall this time?

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23

Coinbase screws up, Florida bans CBDCs, and Ordinals face controversy: Hodler’s Digest, May 7-13

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24

BTC price risks $27K loss as Bitcoin trend lines brew ‘bullish cross’

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25

Bitcoin bears need BTC price to go below $27K ahead of Friday's $900M options expiry

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26

Ethereum derivatives flirting with bearishness: Mind the $1,820 support

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27

Alameda’s $38B IRS bill, Do Kwon kicked in the assets, Milady frenzy: Asia Express

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28

Joe Lubin: The truth about ETH founders split and ‘Crypto Google’

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29

Does Bitcoin price risk losing $28K with BTC futures premium at 2-month lows?

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30

3 signs PEPE token is about to trap bulls after 2,000% price rally

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31

Bitcoin miners have earned $50B from BTC block rewards, fees since 2010

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32

Bitcoin eyes liquidity above $30K as gold hits new all-time high

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33

Bitcoin trader eyes $63K BTC price for new Bollinger Bands ‘breakout’

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34

Ethereum price outlook weakens, but ETH derivatives suggest $1.6K is unlikely

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35

Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles

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36

Bitcoin drops with stocks as analyst warns of banking crisis ‘endgame’

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37

BTC price may need a $24.4K dip as Bitcoin speculators stay in profit

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38

Bitcoin sell-off next? Binance BTC balance shoots up $1.5B in 1 month

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39

Bitcoin miners earned $50B from BTC block rewards, fees since 2010

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40

Will $28K Bitcoin price hold? Two indicators remain solid despite 5% pullback

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41

China’s wave of ChatGPT rivals, Alibaba goes multichain: Asia Express

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42

‘Good luck bears’ — Bitcoin traders closely watch April close with BTC price at $29K

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43

Shirtless shitposting and hunting SBF on the meme streets: Gabriel Haines, Hall of Flame

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44

Got liquidated with Bitcoin futures? Get 3.5x leverage using this options strategy

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45

Bitcoin ignores US jobs data as BTC price dip puts $28K support at risk

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46

Whatever happened to EOS? Community shoots for unlikely comeback

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47

Dogecoin soared 23,000% in 2021 — Is history starting to repeat for DOGE price?

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48

Bitcoin price struggles to hold above $30K amid regulatory uncertainty

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49

Ether price struggles to maintain support as regulatory challenges and network issues weigh

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50

Bitcoin price can ‘easily’ hit $20K in next 4 months — Philip Swift

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51

Bitcoin price holding $27K could open buying opportunities in BNB, ADA, XMR and TON

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52

Ethereum price lower highs vs. Bitcoin hint at more downside in April

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53

Dogecoin price limps below a key support after Dogeday turns into a sell-the-news event

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54

BTC price dives 3% in minutes as ‘deep correction’ grips crypto market

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55

Bitcoin at key point with BTC price at $28.8K — Bollinger Bands creator

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56

From SNL and The Tonight Show to Sotheby’s:  NFT Creator Bryan Brinkman

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57

Bitcoin on-chain data highlights the steps BTC is taking to exit the bear market

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58

Ethereum on-chain data forecasts the withdrawal of 1.4M ETH over the next few days

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59

Bitcoin price spikes above $31K as Ethereum gains spark ‘altseason’ calls

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60

Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply

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61

What Bitcoin bear market? BTC price closely copying old halving cycles

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62

Ronin (RON) bags a 500% gain as the gaming-focused project approaches a major upgrade

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63

3 signs Arbitrum price is poised for a new record high in Q2

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64

Bitcoin derivatives data shows bulls positioning for further BTC price upside

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65

Bitcoin glory on Chinese TikTok, 30M mainland users, Justin Sun saga: Asia Express

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66

BTC price targets see $33K next as Bitcoin eyes key resistance flip

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67

Ethereum price metrics hint that ETH might not sell-off after the Shapella hard fork

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68

Bitcoin price sets up for an explosive move as ADA, XLM, AAVE and CFX turn bullish

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69

‘Pop or drop?’ Bitcoin analysts decide if BTC price will beat $30K

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70

Bitcoin whales push ‘choreographed’ BTC price as Ether nears $2K

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71

NFT Creator, The Sarah Show: Analog childhood meets dizzying digital future

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72

Bitcoin rests at $28K as US jobs data boosts new Fed rate hike bets

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73

BTC white paper hidden on macOS, Binance loses AUS license and DOGE news: Hodler’s Digest, April 2-8

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74

XRP price eyes 30% upside after key resistance area breaks

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75

3 key Ethereum price metrics cast doubt on the strength of ETH’s recent rally

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76

Bitcoin traders expect ‘big move’ next as BTC price flatlines at $28K

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77

Bitcoin ‘faces headwinds’ as US money supply drops most since 1950s

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78

Ethereum price turns bullish ahead of next week’s Shanghai and Capella upgrades

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79

Arbitrum FUD spooks the market, but on-chain data shows whales accumulating ARB

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80

Zhu Su’s exchange did $13.64 in volume akshually, Huobi in crisis: Asia Express

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81

Crypto security audits and bug bounties are broken: Here’s how to fix them

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82

Trader Joe joins top 5 DEX list as Liquidity Book model thrives on Arbitrum

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83

Crypto market momentum stalls as traders await the results of recent regulatory actions

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84

Bitcoin price turns $28K to support, opening the door for ETH, MATIC, HBAR and EOS to breakout

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85

Binance-CFTC FUD puts BNB price at risk of dropping toward $200

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86

XRP price: 'sell the news' moment nears after crypto-leading 20% weekly gain

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87

XRP price tags 10-month high — Can a 35% pullback be avoided?

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88

Solana overcomes FTX fiasco — SOL price gains 100% in Q1

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89

Why did 12K Bitcoin margin longs close at Bitfinex, and why didn’t it impact BTC price?

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90

Analysts debate the ETH price outcomes of Ethereum’s upcoming Shapella upgrade

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91

Bitcoin price holds its ground in the wake of CFTC case against Binance

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92

Bitcoin spikes above $29K as ‘fakeout’ fuels BTC price strength doubts

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93

ARB price to $2? Ethereum L2 rival Arbitrum will double in April, fractal suggests

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94

Elon Musk slams ‘heavy-handed’ Fed as ex-BitMEX CEO sees $1M BTC price

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95

Crypto market rally stalls at the $1.2T level, but bulls are getting positioned

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96

Bitcoin price will hit this key level before $30K, survey says

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97

Why is Cardano price up today?

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98

Bitcoin erases Fed losses as traders eye $40K BTC price target

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99

Bitcoin is 1 week away from 'confirming' new bull market — analyst

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100

Bitcoin liquidations vanish as trader hopes $30K will hit before dip

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101

Ethereum faces 6-month lows versus Bitcoin — Will ETH price rebound?

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102

Arbitrum’s ARB token signifies the start of airdrop season — Here are 5 to look out for

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103

Bitcoin bulls remain bullish, but macro and crypto-specific hurdles have BTC pinned below $30K

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104

Ethereum price at $1.4K was a bargain, and a rally toward $2K looks like the next step

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105

Bitcoin rejects at $25K as US PPI data meets Credit Suisse meltdown

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106

Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

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107

Investors shelter in short-term Treasurys, reducing Bitcoin’s chance of rallying to $30K

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108

Will the Fed stop rate hikes? 5 things to know in Bitcoin this week

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109

Bitcoin levels to watch as BTC price eyes highest weekly close in 9 months

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110

Bitcoin price hits $27K in new 9-month high as Fed injects $300B

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111

Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B

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112

Ethereum price reaches lowest level relative to Bitcoin in 5 months

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113

Bitcoin dominance nears 50% as research hails ‘bullish’ narrative flip

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114

4 signs the Bitcoin price rally could top out at $26K for now

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115

Lark Davis on fighting social media storms, and why he’s an ETH bull: Hall of Flame

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116

Why is Ethereum (ETH) price down today?

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117

US bank bloodbath: Bitcoin hits $23.7K as BTC price analyst calls SVB dip ‘bear trap’

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118

Dogecoin hits 4-month lows vs. Bitcoin — 50% DOGE price rebound now in play

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119

Bitcoin price spikes to ‘$26K’ in USDC terms — How high can the BTC short squeeze go?

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120

Fed starts ‘stealth QE’ — 5 things to know in Bitcoin this week

  • Markets
121

Why is XRP price up today?

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122

Why is Ethereum (ETH) price up today?

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123

Bitcoin battles $20K as trader calls bank chaos ‘2008 all over again’

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124

Cathie Wood’s ARK ignores Silvergate, buys Coinbase stock for 6th straight month

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125

Ethereum price action and derivatives data confirm bears are currently in control

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126

$920B is the number to watch now that crypto’s trillion-dollar total market cap is gone

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127

Warning sign for ETH price? Ethereum volume profile is down 90% since March 2020

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128

Bitcoin keeps liquidating longs as BTC price action gives up $22K support

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129

Bitcoin price levels to watch as trader says ‘lights out’ below $21.6K

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130

Bitcoin price would retest $25K without Silvergate saga — analysis

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131

Bitcoin price faces ‘last stand’ as weekly close threatens $22K retest

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132

Ethereum eyes 25% correction in March, but ETH price bulls have a silver lining

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133

Bitcoin price stumbles amid investors’ aversion to risk assets, but there is a silver lining

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134

Ethereum price resistance at $1,750 could reflect traders’ anxiety over the Shanghai upgrade

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135

Fears over Silvergate, $8B hole at FTX, senators seek Binance’s numbers: Hodler’s Digest, Feb. 26 – March 4

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136

$3M OKX airdrop, 1-hour due diligence on 3AC, Binance AI — Asia Express

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137

Bitcoin’s least volatile month ever? BTC price ends February up 0.03%

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138

Bitcoin on-chain data highlights key similarities between the 2019 and 2023 BTC price rally

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139

Bitcoin ‘millionaires’ increased 140% as BTC price crossed $20K — data

  • Markets
140

Here’s why STX, CFX, SSV, AGIX and GRT are the top performing assets in February

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141

Bitcoin may only need 4 weeks to hit $30K as key monthly close looms

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142

SBF’s new charges, Shapella’s fork date and emojis as financial advice: Hodler’s Digest, Feb. 19-25

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143

THETA, LIDO, KLAY and EGLD flash bullish signs as Bitcoin recaptures $23K

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144

Bitcoin price eyes $24K retest as US dollar dives into monthly close

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145

BTC whale population shrinks to early 2020 levels — 5 things to know in Bitcoin this week

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146

How Fantom and Optimism’s DeFi and DApp development directly affects FTM and OP price action

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147

Bitcoin price tumbles to 10-day lows as ‘Notorious B.I.D.’ keeps support at $22.5K

  • Markets
148

Bitcoin price stays under $24K as PCE data helps US dollar to near 7-week highs

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149

Bitcoin regains $25K amid hope record China easing will boost BTC price

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150

Why is Bitcoin price down today?

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151

Ethereum derivatives data suggests $1,700 might not remain a resistance level for long

  • Markets
152

Bitcoin sees fresh $25K rejection as pre-Wall Street volatility returns

  • Markets
153

'Stupid money' Ether investor loses over $2M in six months — 3 lessons to learn

  • Markets
154

Bitcoin price continues to fall, but derivatives data hints at a short-term rally to $25K

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155

Bitcoin bears attempt to pin BTC price under $23K ahead of this month’s options expiry

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156

A ‘snap back’ to $20K? 5 things to know in Bitcoin this week

  • Markets
157

Bitcoin must leverage $1T central bank liquidity to beat sellers — Research

  • Markets
158

Bitcoin can hit $40K before BTC price sees ‘harsh correction’ — Analyst

  • Markets
159

Bitcoin Lightning Network growth is organic, coming from real-world adoption

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160

Bitcoin bulls aim to hold this week’s BTC gains leading into Friday’s $675M options expiry

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161

Bitcoin metric prints ‘mother of all BTC bullish signals’ for 4th time ever

  • Markets
162

China’s only public blockchain, Conflux, sees CFX price skyrocket 1,300% in 2023

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163

Polygon ecosystem development and upcoming zkEVM launch add to MATIC’s bullish momentum

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164

BTC price cools on latest US data as Bitcoin liquidates $80M in shorts

  • Markets
165

Bitcoin levels to watch as BTC price rejects at key $25K trendline

  • Markets
166

First weekly death cross ever — 5 things to know in Bitcoin this week

  • Markets
167

Bitcoin eyeing ‘next big move’ which could see $19K retest — analyst

  • Markets
168

ApeCoin leads in NFT and metaverse market share, but are APE’s hefty staking rewards sustainable?

  • Markets
169

Bitcoin flirts with bid liquidity as BTC price nears new 3-week lows

  • Markets
170

Ethereum price prints ‘death cross’ after losing 13% versus Bitcoin from 2023 peak

  • Markets
171

Bitcoin price derivatives look a bit overheated, but data suggests bears are outnumbered

  • Markets
172

Bitcoin price rally to $25K followed by total crypto market cap retest of the $1.13T resistance

  • Markets
173

NFT marketplace tokens soar in 2023, and Blurs recent airdrop may extend the trend

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174

Bitcoin price targets range from $19K to $25K as CPI day dawns

  • Markets
175

Bitcoin bulls aim to hold this weeks BTC gains leading into Fridays $675M options expiry

  • Markets
176

Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals

  • Markets
177

MATIC, HBAR, LDO and BIT gather strength as Bitcoin price rebounds

  • Markets
178

Bitcoiner Simon Dixon on bankruptcies and Elon Musk: Hall of Flame

  • Markets
179

3 reasons why Binances BNB token risks sliding further by March

  • Markets
180

Ethereum on-chain data suggests ETH sell pressure could be a non-event after the Shanghai upgrade

  • Markets
181

SEC enforcement action creates a silver lining for GMX, Lido (LDO) and Maker (MKR) price

  • Markets
182

Ethereums $1.5K support weakens as ETH traders turn slightly bearish

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183

Bitcoin price eyes $22K rebound with BTC market structure not yet broken

  • Markets
184

Bitcoin price clings to $22K as investors digest the recent SEC actions and CPI report

  • Markets
185

Why is Bitcoin price up today?

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186

Krakens staking down, FTX post-bankruptcy hell and Binance news: Hodlers Digest, Feb. 5-11

  • Markets
  • Markets

First weekly death cross ever — 5 things to know in Bitcoin this week

3 months ago3 months ago16 mins

Bitcoin (BTC) starts a new week just under $22,000 as bulls fail to reclaim lost ground in February.

After modest volatility toward the weekly close, BTC/USD is still near three-week lows as a new status quo enters with $22,000 as resistance.

However, the largest cryptocurrency stands at the beginning of an important week of macroeconomic data, with plenty of opportunities for volatility to return.

These come first and foremost in the form of the January print of the United States Consumer Price Index (CPI), which will be released on Feb. 14.

Other data prints will follow throughout the week, with analysts keenly eyeing the responses of the crypto markets and U.S. dollar.

Within Bitcoin circles, data shows whales are taking the opportunity to buy at current levels, in a glimmer of hope for those hoping that the 2023 Bitcoin price recovery may continue.

At the same time, a formidable new chart event is causing discomfort for some — can Bitcoin avoid significant downside as its first-ever weekly “death cross” confirms?

Cointelegraph looks at these issues and more in the weekly digest of potential Bitcoin market triggers for the week ahead.

Bitcoin confirms weekly chart “breakdown”

At around $21,800, the latest weekly close had few surprises in store for those on either side of the Bitcoin trade, data from Cointelegraph Markets Pro and TradingView shows.

Its lowest since mid-January, the event sealed a long-awaited retracement for BTC/USD after it spent January experiencing almost unhindered upward price action.

Now, attention is focusing on key support levels holding, these mostly in the form of long-term trend lines reclaimed as support during the January run-up.

In a fresh update for Twitter followers on Feb. 13, popular trader Crypto Tony confirmed that $21,400 was where the situation might get interesting.

“From there we can really assess whether the bulls have it in them to save the bears, or lead them to slaughter,” part of commentary read.

BTC/USD annotated chart. Source: Crypto Tony/ Twitter

Zooming in, fellow account Daan Crypto Trades noted that BTC/USD sat between the 200-period and 400-period exponential moving average (EMA) on four-hour timeframes.

“It looks like we will open up with a small gap below us as we speak. Overall just a choppy weekend for BTC with some alts popping. Waiting for CPI. Probably won’t make many actions before that,” he summarized.

BTC/USD annotated chart. Source: Daan Crypto Trades/ Twitter

Meanwhile, a more formidable line in the sand comes in the form of the 200-day moving average. While still at $20,000, the level is now important for bulls to remain in control.

$BTC

Sunday Night Musings

Shared earlier in the BTC Report but key points:

– Weekly OB
– Jan high taken
– HTF FVG’s drawing price
– 200MA lining up with prior consolidation
– Let’s see how market sentiment opens
– Plans for both but favouring the pull back

Happy Sunday pic.twitter.com/AkTqqarX8a

— B C Richfield (@BC_Richfield) February 12, 2023

The picture is no better on weekly timeframes, trader and analyst Rekt Capital warns. Flagging $21,839 as the point of interest, he said that a weekly close below this would “confirm the breakdown” in BTC/USD, a move that ultimately came true.

That same level had acted as resistance several times since the middle of last year.

BTC/USD annotated chart. Source: Rekt Capital/ Twitter

“Most important” CPI print arrives

The macro landscape is set to be dominated by one data point this week with the Feb. 14 release of the CPI for January.

Bets are on for inflation continuing to decline in a move that could still buoy risk assets despite a comedown in early February.

The picture is complicated by a reshuffling of how CPI is calculated, but analysts dispute its significance versus the overall trend of inflation receding.

However, this month’s print is being closely eyed far beyond crypto circles.

“Tuesday’s CPI report is the most important report to date. After a strong January jobs report and December CPI ‘revised’ higher, uncertainty is everywhere,” capital markets newsletter, The Kobeissi Letter, told Twitter followers at the weekend.

“Both bulls and bears need the report to go their way. Whichever side is right will drive the market for the next month.”

Popular trader and analyst Myles G underscored the consequences for crypto should CPI come in higher than expected, warning that this would “dump the market big.”

“Almost every CPI reveal last 6 months has been an instant dump, then an immediate recovery after traders digested the data,” fellow trader Satoshi Flipper noted about the relationship between CPI and market volatility.

“Will this time be different?”

U.S. CPI chart. Source: Bureau of Labor Statistics

The extent to which CPI plays a role in policy adjustments at the Federal Reserve is also a topic of debate at present after Chair Jerome Powell suggested late last year that another metric may be the “most important” tool for inflation monitoring.

With the next decision on interest rates due only in the third week of March, policymakers will have the February CPI numbers to hand should January prove an unexpected anomaly.

First-ever weekly “death cross” sparks concern

This month, Bitcoin is caught between two “crosses” in a curious scenario dividing opinions about its significance.

As Cointelegraph reported, a “golden cross” on daily timeframes is combining with a “death cross” on the weekly chart.

The latter is the first of its kind for BTC/USD, but death crosses on other timeframes have often preceded significant price downside.

BTC/USD 1-week candle chart (Bitstamp) with 50-, 200-day moving averages. Source: TradingView

Whether the daily golden cross will repeat historical patterns and buoy the market remains to be seen, but in the meantime, another brand new cross is taking place.

Caleb Franzen, a senior market analyst at Cubic Analytics, noted that Bitcoin’s one-year exponential moving average is about to drop below its three-year counterpart for the first time ever.

“This crossover has never happened before, highlighting the severity of the BTC bear market,” he wrote in part of a Twitter commentary on Feb. 11.

The event, in fact, occurred in mid-December 2022, but the one-year EMA has since continued to decline, plunging ever further below the three-year and two-year EMAs.

In the accompanying analysis, Franzen argued that the crossover could reframe Bitcoin bear market behavior. This time around, the depression could be harder and more drawn out than before.

“While many Bitcoin investors have noted that BTC typically bottoms roughly ~400 days after the bull market peak, this chart suggests that this time is different,” he wrote.

“Considering that we’ve never seen this signal until now, the implication is that the 1-year trend might stay below the 3-year trend even longer!”

He said that the two-year EMA might also end up crossing below the three-year EMA, which would likewise constitute a first-of-its-kind event.

“Personally, I wouldn’t be surprised if that occurs within the next 6 months as a result of further sideways action or downward consolidation,” the analysis forecast.

BTC/USD 1-week candle chart (Bitstamp) with 52-, 104-, and 156-day moving averages. Source: TradingView

Whales stay engaged

When it comes to interest in Bitcoin at current prices, whales may have already broken the silence.

In data released on Feb. 13, research firm Santiment noted that whales had stepped up transaction activity as BTC/USD dipped to $21,600 around the weekly close.

“Bitcoin dipped down to $21.6k on Sunday, and whale addresses responded by transacting at their highest rate in 3 months,” it summarized.

Santiment community contributor sanr_king called the whale moves “significant.”

Bitcoin whale transactions chart. Source: Santiment/ Twitter

A snapshot of order book activity at Binance showed the presence of a major whale entity on Feb. 12, along with a new sell wall at just above $22,000 into the weekly close.

On-chain analytics resource Material Indicators, which uploaded the data, noted it “shows new ask liquidity coincides with resistance at the 21-Day Moving Average and the .618 Fib.”

“Regardless of how high BTC bulls can push before the W close/open, expecting the Death Cross to have an adverse impact on short term upward momentum,” it commented, referencing the aforementioned weekly chart occurrence.

BTC/USD order book data (Binance). Source: Material Indicators/ Twitter

Hodlers bounce back to health

Regardless of what the whales choose to do, the average hodler has yet to take profit, data shows.

Related: Bitcoin is already in its ‘next bull market cycle’ — Pantera Capital

According to on-chain analytics firm Glassnode, long-term holders (LTHs) have been accumulating new positions in particular over the past month.

Its Hodler Net Position Change metric hit three-month highs on Feb. 13, marking a return to hodling behavior not seen since the FTX debacle.

Bitcoin Hodler Net Position Change chart. Source: Glassnode

Conditions are also improving for those LTHs opting to cash out some of their coins. In the previous edition of its weekly newsletter, “The Week On-Chain,” Glassnode described profitability as “recovering” in 2023.

It referenced the Spent Output Profit Ratio (SOPR) metric, which measures the relative proportion of in-profit coins appearing in transactions.

“Assessing the Long-Term Holder cohort, we can observe a persistent regime of sustained losses since the LUNA collapse,” it wrote.

“Despite this cohort continuing to take losses over the last 9 months, there are initial signs of a recovery, with a potential uptrend in LTH-SOPR starting to form.”

Bitcoin LTH-SOPR chart (screenshot). Source: Glassnode

The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Tagged: Bitcoin Country cross death ever first know things this week weekly

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Synthetix (SNX) trading volume overtakes GMX, but is the DEX token rally sustainable?
Synthetix weekly trading volumes surpassed $1 billion, overtaking decentralized derivatives exchange GMX to become the second-most active platform. The trading volume data from Token Terminal shows that Synthetix did more than twice the trading of GMX in the seven-day period starting May 17, thanks to Optimism (OP) token incentives for perpetual swap traders. The Synthetix...
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