Bitcoin Shakes Off Bears Following CPI Release, But Will This last?
Bitcoin saw a shaky market day following the release of the CPI data. While the projections for the inflation rates were high, they would come out lower than the actual number and the crypto market had responded negatively to the news. Bitcoin had fallen below $19,000 as the market had bled, but there had been a turnaround towards the end of the trading day. The question now remains if the digital asset would be able to hold these gains. Can Bitcoin Keep Up? Over the last 24 hours, the price of bitcoin has risen more than 6%, bringing it close to the $20,000 resistance level. This level....
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PRESS RELEASE. Tampa Bay, Florida, U.S.A – 16th January 2022 – Pocket Network – an infrastructure middleware protocol which facilitates decentralized cloud computing and abundant bandwidth on full nodes interoperable with DApps across all 21+ blockchains surpasses milestone 20,000 full nodes, answering a real and conceptual question around decentralization viability. Pocket Network incentivizes a global community of independent node operators and service providers running 21,000+ full nodes adding to the network’s resilience. Pocket Network is secured by over....
Crypto whales all across the board have been seemingly taking more conservative positions in stablecoins since the bear market started. This has evolved into larger holdings in dollar-pegged cryptocurrencies which have very low volatility. These digital assets have since become a safe haven for investors who are looking to escape highly volatile tokens but still keep their funds in the crypto market. Crypto Whales Move To Stablecoins Usually, there has been a marked increase in the stablecoin holdings of the top Ethereum whales but this trend of moving into stablecoins seems to not be....
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Bitcoin’s price action has been rather lackluster as of late, with bulls and bears reaching an impasse following its surge up to the mid-$11,000 region. Each dip is met with significant buying pressure, while each push towards $11,600 is rapidly rejected by bears. This has created a consolidation channel between $11,300 and $11,600. Although neither […]