Author: cryptotechbro
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Is Bitcoin too hot for the market to handle? The world’s leading crypto stalled out over the weekend, falling to just above $103K early on before rebounding to $105K. Prices remained generally stable within a 0.4% movement. But take a closer look, and there may be signs that the world’s largest crypto is in for a pause before resuming its strong upward momentum. That could set the stage for the best new crypto to make big moves. Do Technical Factors Point to ‘Overheating’? Data from CryptoQuant points…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…
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Key points:Bitcoin RSI data forms a bearish divergence, getting traders in position for lower levels next.The May monthly candle close seals 11% gains, but the weekly close is the event on the radar for market participants.Areas of interest include $97,000 as well as the psychologically significant $100,000 mark.Bitcoin (BTC) sought to preserve 2024 all-time highs on June 1 after the monthly candle close delivered 11% gains.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin RSI divergence primes traders for new lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to reclaim $105,000 into the weekly close.Sustained downside throughout the week brought Bitcoin back…
Builder: Nicholas Gregory Language(s): C++, Rust Contribute(s/ed) To: Ocean Sidechain, Mainstay, Mercury Wallet, Mercury Layer Work(s/ed) At: CommerceBlock (formerly) Prior to Bitcoin, Nicholas was a software developer working in the financial system for banking firms developing trading and derivatives platforms. After the 2008 financial crisis he began to consider alternatives to the legacy financial system in the fallout. Like many from that time, he completely ignored the original Slashdot article featuring the Bitcoin whitepaper due to the apparent focus on Windows as an application platform (Nicholas was a UNIX/Linux developer). Thankfully someone he knew introduced him to Bitcoin later on. …
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Despite the ongoing correction from its recent all-time high, Bitcoin’s dominance over the rest of the market has continued to hold steady in recent days. Notably, Bitcoin’s dominance in the crypto market has increased steadily in recent days, recently surpassing a significant threshold of 64% and exerting pressure on altcoins across the board. Although Bitcoin itself recently lost the $105,000 support level in the past 24 hours, the altcoin market witnessed dips throughout last week. However, this period of imbalance between Bitcoin and altcoins may not last much longer, especially…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The Bitcoin price has not quite been able to maintain the bullish momentum that saw it climb to a new all-time high last week. Instead, the premier cryptocurrency has succumbed to bearish pressure over the past few days, falling…
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The US government has urged the Supreme Court not to take up a Coinbase user’s challenge against the Internal Revenue Service’s (IRS) effort to obtain his crypto transaction records.In a filing dated May 30, Solicitor General D. John Sauer argued that Coinbase user James Harper has no Fourth Amendment right to shield his financial records held by the exchange.The government claimed that Harper “voluntarily” shared his data with Coinbase, and that the IRS followed proper legal procedures to obtain it through a judicially approved summons.Harper’s case centers on a 2016 IRS investigation into widespread tax underreporting on cryptocurrency gains. At…