Bitcoin shakes of Fed volatility as analysts remain split on return under $24K
Bitcoin could reach its highest since the Luna meltdown next, one trader argues, while others feel that the bottom is not yet in. Bitcoin (BTC) circled $30,000 on May 18 after fresh comments from the United States Federal Reserve sparked n volatility.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Extra Fed rate hikes "biggest risk"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating within a range in place since May 12.The pair had come unstuck as Fed Chair Jerome Powell delivered economic policy insights during the Wall Street Journal's....
Related News
Stranded natural gas operations could be the next major avenue of Bitcoin’s entry into the global energy production industry. The post How Bitcoin Shakes The Energy Industry appeared first on Bitcoin Magazine.
Finally, it looks as though we are getting a return to the volatility we are used to in the bitcoin price. Over the last twenty four hours, action looks to have returned to the up-down momentum we have seen over the last month or so (with the exception of the last few days) and as a result, we are able to effectively bring our breakout strategy in to play. As we head into the European afternoon, where are we looking in the bitcoin price now, and how can we take advantage of the return to volatility in our quest to draw a profit from the bitcoin market this afternoon? Take a quick look at....
Since January 3, 2009, the Bitcoin network has been functional for 99.98662952015% of the time. However, the protocol has had a few hiccups along the way and on a few occasions, the chain split into two. Most people are well aware of the Bitcoin Cash split that took place on August 1, 2017, but the first time the Bitcoin chain split was 11 years ago on August 15, 2010. Strange Block 74,638 4,019 days ago on August 15, 2010, the Bitcoin community had a problem which was dubbed the “overflow bug.” What was also called a “malicious event” or “Strange block....
The DAO is being attacked for some hours, according to Griff Green, a spokesperson for Slockit. In an ongoing emergency situation currently developing Griff Green, a spokesperson for Slockit, has put out an emergency alert. He asked anyone who has a DAO split open, especially Congo Split, to message him at the Dao slack. It is not clear what is developing, but the dao is currently being drained of Ether with the balance falling below 9 million ether from 12 million raised and continuing to fall. Griff Green stated: “The DAO is being attacked. It has been going on for 3-4 hours, it is....
On a positive trajectory over the last 24 hours and moving along with the general sentiment in the market, Polygon decentralize exchange (DEX) QuickSwap could boost its fundamentals. According to a recent announcement, the project could split its native governance token QUICK. Related Reading | Polygon Token Price Analysis – New All-Time High This Week For MATIC? Dubbed the “most important governance discussion to date” on the platform’s official social media channel, a fierce debate has taken place between Polygon users. This process is critical, and could precede a voting on the....