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Weekly overview

Descending channel pattern and weak futures data continue to constrain Ethereum price

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

ETH derivatives metrics and technical analysis point toward further downside for Ethereum price. Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a…

Continue ReadingDescending channel pattern and weak futures data continue to constrain Ethereum price

Bitcoin price hits 10-week lows as $40K spike becomes ‘nasty bull trap’

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

A full reversal and then some for BTC means that bulls are coming to terms with months of ground given up. Bitcoin (BTC) hit its lowest level in over two…

Continue ReadingBitcoin price hits 10-week lows as $40K spike becomes ‘nasty bull trap’

Here’s why blue-chip NFT prices continue to soar nearly a week after the Otherside mint

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

Most of the NFT market is in a downtrend, but data shows funds continuing to flow into blue-chip tier projects. In May 2021, OpenSea closed out nearly $140 million in…

Continue ReadingHere’s why blue-chip NFT prices continue to soar nearly a week after the Otherside mint

SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

Anthony Scaramucci predicts that the next presidential candidate will be pro-crypto and that a Bitcoin ETF will happen by the end of 2022, given recent developments on Capitol Hill. Anthony…

Continue ReadingSkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy

Argo Blockchain facility in West Texas expects to start mining Bitcoin in May

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

The company expects a hash rate of 5.5 EH/s by the end of 2022, anticipating that access to an additional 600 MW of power capacity "in the coming years" will…

Continue ReadingArgo Blockchain facility in West Texas expects to start mining Bitcoin in May

Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

The acquisition, totaling roughly $1.5 billion, will be used to further backstop Terra Luna’s algorithmic stablecoin UST. Luna Foundation Guard (LFG), a Singapore-based nonprofit tied to the Terra Luna ecosystem,…

Continue ReadingLuna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy

Bitcoin falls toward $38K as stocks abandon Fed ‘reactionary rally’

  • Post author:admin
  • Post published:May 6, 2022
  • Post category:Weekly overview

The S&P 500 and Nasdaq see substantial losses on the day as Fed-induced gains evaporate. Bitcoin (BTC) lost almost $1,000 in the first hour of Wall Street trading on May…

Continue ReadingBitcoin falls toward $38K as stocks abandon Fed ‘reactionary rally’
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