The 200-Week Simple Moving Average (200WMA) for bitcoin BTC is approaching $50,000, currently sitting at approximately $49,223, according to Glassnode data. This is one of the very few indicators in bitcoin that has only risen over time. The 200WMA has historically provided significant support levels. During the 2015 bear market, it offered support around $200….
Block3 is a project aiming to disrupt the economics and timelines of game development. The project’s presale has started. Tokens are currently available at $0.01. The presale is scheduled to run for 90 days. The gaming industry is under pressure. Traditional game studios are grappling with a mix of shrinking budgets, project delays, and workforce…
Nearly three years after the Merge formally switched Ethereum to proof-of-stake on 15 September 2022, a publicly listed Bitcoin miner is adopting the network’s native token as its primary treasury asset. BitMine Immersion Technologies (NYSE American: BMNR) on 30 June priced a $250 million private placement of 55,555,556 new shares at $4.50 each and appointed…
Sparkassen, a group of savings banks operating across Germany since the first established in Hamburg in 1778, has decided to introduce cryptocurrency trading services for their customers, according to a report by Bloomberg. The group will enable private clients to trade cryptocurrencies, including bitcoin (BTC) and ether (ETH), directly through their mobile banking apps via…
Solana (SOL) has retested a crucial resistance level after recovering the $150 level over the weekend. The surge, fueled by the upcoming launch of a SOL-based staked exchange-traded fund (ETF), has led some analysts to forecast a rally toward the next key target. Solana Staked ETFs Coming On Wednesday On Monday, Solana’s price soared to…
A key metric called perpetual funding rates is signaling bullishness for top altcoins as bitcoin (BTC) kicks off the traditionally weak third quarter quarter with flat price action. Funding rates, charged by exchanges every eight hours, refer to the cost of holding bullish long or bearish short positions in the perpetual (perps) futures (with no…
Senator Cynthia Lummis is trying to add a major crypto tax measure to Trump’s “Big Beautiful Bill.” The amendment seeks to end “double taxation” on staking/mining rewards, taxing them only when sold. It proposes waiving taxes on small crypto transactions below $300 (with a $5,000 annual cap). US Senator Cynthia Lummis is making a significant…
Although Bitcoin (BTC) has recorded slight gains over the past month – up 3.6% in the last 30 days – the leading cryptocurrency is experiencing a lack of Apparent Demand, indicating broader market weakness that could lead to a price slump in the near term. Bitcoin Apparent Demand Enters Negative Territory According to a recent…
Germany’s largest savings bank financial group, known as the Sparkassen-Finanzgruppe, have announced their plan to offer Bitcoin and other crypto trading services to private customers. The move comes after years of hesitation over digital assets risk and volatility. “We should offer customers the opportunity to trade cryptocurrencies at the Sparkassen as well,” said Matthias Dießl,…
Bitfinex analysts say declining Bitcoin spot volume may indicate a “local top” but all eyes will be on the performance of spot Bitcoin ETFs this week. Markets News COINTELEGRAPH IN YOUR SOCIAL FEED Bitcoin’s nearly three-month rally may be losing steam as buying pressure weakens and more traders start taking profits, crypto analysts say. “For…
