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Historically, Bitcoin has recorded consistent year-on-year (YoY) growth over the previous three Christmases, but the recent technical analysis factors are indicating that the bullish trend would not sustain this Xmas. Meanwhile, looking at the last weekly candle on Bitcoin’s weekly chart, three technical analysis (TA) indicators are particularly standing out – a gravestone doji, a shooting star, and a falling wedge pattern, as observed by crypto analyst Tolberti using the TradingView platform on December 19....

Indeed, Leon Lv, the CEO of AntPool – the mining pool affiliated with major cryptocurrency mining hardware giant Bitmain – announced these developments as he addressed the manufacturer’s World Digital Mining Summit (WDMS) in Miami on July 26. Specifically, the $10 million in funds are intended for inviting more developers “to build the prosperity of ETC,” supporting the network’s developers to deploy projects on the mainnet,” increasing its “layer 2 scalability through premium scaling solutions,” and incubating leading projects on Ethereum Classic....

Speaking during an interview on CNBC, Hynes noted that gold prices will likely be impacted by tight monetary policies while maintaining that the conditions will push silver to perform relatively well. The strategist believes that the price of silver will benefit from the growing global demand for the metal to use in industrial activities. He notes that the demand is aided by continued economic growth resulting in relatively cheaper metal prices....

Meanwhile, due to ‘resilient’ Russian supply and oil surplus in the near-term, UK banking giant Barclays lowered its Brent price by $8 a barrel for 2022 and 2023, as reported by Reuters on August 16. For some context, their previous forecast was for Brent oil to be $111, while the current revision foresees Brent trading at $103. At the same time, West Texas Intermediate (WTI) revised downwards to $99 from the previous $108....

Binance Coin, or BNB, has been one of the best-performing digital currencies of the week. In the last 24 hours, it has increased so much that it has managed to surpass several large cryptocurrencies, including XRP, Polkadot, Cardano, and even the stablecoin Tether in terms of market capitalization. With a market cap of $40.3 billion, BNB is now the third-largest crypto asset in the world. A massive 51% surge on the day has driven BNB prices to a record $266....

Strictly speaking, Melker believes once crypto exchange-traded funds (ETFs) make it easier for institutions and general investors to buy the asset, it will overtake gold. When asked why ETFs would drive the price of Bitcoin to seven figures, for example, Melker responded: Whatsmore the prominent crypto trader elaborated further why he is so bullish on Bitcoin he declared: A six-figure asset by within the next year According to Melker, Bitcoin is going to “flip gold very soon” as the gold is “pretty much dead, and Bitcoin replaces it as a superior option”....

During the early trading hours on Wednesday, August 17, Bitcoin was valued at $23,600, a drop of over 1% in the last 24 hours, with bulls’ activity appearing to be fading. Notably, Bitcoin has been on a two-month rally but has lacked sufficient support to maintain gains above $25,000. Depending on how much selling pressure there is, Bitcoin might start moving in an upward trend or run the danger of correcting further....

Indeed, the InTheMoneyStocks.com chief market strategist Gareth Soloway has said that Bitcoin could drop to $9,000 in 2023 but that he’s not terribly concerned over the token’s longer-term performance during an interview published on November 26 with Small Caps’ Kerry Stevenson. Observing the S&P500’s performance after the Lehman Brothers collapse and noting that the stock market had declined by about 40-45% over the following five or six months, Soloway used the same formula to calculate that Bitcoin could sink to $9,000 in the months following the FTX crash....

Experts in the space have made their predictions on the price of Bitcoin in light of the impending Bitcoin halving that is set for May 2020. As the event approaches, analysts appear to have split projections. Some of them are skeptical and do not think that Bitcoin will flourish into an actual price rally. On the other hand, other experts believe that the BTC price is yet to be priced....

Indeed, Bitcoin miners sold 5,925 BTC over the last two weeks, according to the data that crypto trading expert Ali Martinez retrieved from on-chain analytics service CryptoQuant and posted on his Twitter on August 19. Taking into account the price of Bitcoin, which at press time stood $21,949, the amount of the flagship token sold by miners is currently worth over $130 million. Miners closely following market trends Meanwhile, data has shown that publicly traded Bitcoin mining companies sold 6,500 of their holdings in July, which is 60% less than around 14,600 the month before when they were forced to sell off their BTC to keep their operations going....

Average hash rates fell approximately 55% from its peak in May 2021 to June 2021 largely because of the recent crackdown by Chinese authorities across several of its regions. Nevertheless, Glassnode’s most recent weekly on-chain analysis report demonstrates the Bitcoin mining sector is exhibiting indications of a robust rebound. Bitcoin’s current mean hash rate is now down by 39% instead of 55% since its high in May 2021. Bitcoin returns to accumulation Furthermore, for the first time in nearly five weeks, the Bitcoin Miner Net Position Change (BMNPC) measure has returned to accumulation, according to Glassnode’s metrics....

Indeed, Bitcoin’s crypto market domination is increasing as its price rises. The most valued digital currency currently accounts for about 48% of the total market capitalization of digital currencies, its highest level in around five weeks, according to CoinMarketCap.com data. Examining Bitcoin’s price moving average (MA) over MA 7-day, MA 25-day, and MA 99-day, it appears based on the recent uptrend that if BTC were to maintain current momentum, it can break above all three lines, which would be a potentially bullish indicator....

By press time, Bitcoin was trading at $22,200, with the price movement generally bordering a bullish level with bulls targeting the $25,000 zone. As bulls look for a possible price uptrend, they are likely gaining support from the weakening dollar that’s impacting risky assets. Since Bitcoin trades inversely to the dollar, any drop in the U.S. Dollar Index (DXY) will likely result in higher cryptocurrency valuations. However, a surge in the index would potentially allow Bitcoin to undergo a reversal....

Data by on-chain analytics platform Santiment shows that the recent Bitcoin correction was potentially initiated by a whale who moved 2,700 BTC worth $156.6 million at $58,000 per token. The transaction is the second-largest in 2021. Santiment notes that: The data offers a glimpse at the reason behind the sudden price slump. However, Bitcoin briefly recovered to trade at $54,000 before plunging further to below $50,000. By press time, the asset was trading at $48,541, according to data provided by CoinMarketCap....

One of the sources of criticism is from the Blockchain Association, whose Executive Vice President Jake Chervinsky listed and explained in detail all the disadvantages of the passed bill for the crypto industry and economy in the state of New York in a Twitter thread published on June 5. The Blockchain Association is a Washington-based trade association representing companies and other organizations in the crypto industry with a mission to change the public policy toward crypto in the U....

The share price rally accelerated in the last two months as the US federal aviation lifted the ban on Boeing’s flagship jet 737 Max, which was grounded in 2019 after 346 people died in two separate 737 Max crashes. Canadian and European authorities have also lifted a ban on 737 Max. Moreover, the new orders for the flagship plane added to the investor’s sentiments. Ryanair Holdings (NYSE: RYAAY) ordered 75 737-MAX jetliners, while Alaska Airlines (NYSE: ALK) also announced to buy 68 737-9 MAX aircraft with an option of buying another 52 jets in the future....

According to the firm’s earnings announcement late Thursday, September 2, the San Jose, California-based corporation generated adjusted earnings per share ($6,96) on sales of $6.78 billion for the quarter ended August 1. Analysts anticipated Broadcom to earn $6.88 per share on sales of $6.76 billion. Compared to last year, Broadcom’s profits were up 29%, while sales were up 16%. Despite AVGO’s average performance in the overall market, both the medium- and short-term technical picture appears promising....

According to data retrieved from CoinMarketCap on July 26, DOGE is currently trading at $0.06104, which is $0.939 or 93.896% away from the key psychological level of $1 that many expected the meme coin would reach by the end of 2022. In addition, DOGE has lost 5.91% on the day, as well as declining 9.80% in the last week, while its market capitalization currently stands at $8.11 billion, a long way off the $85 billion market cap it reached at its all-time high on May 5, 2021....

In particular, the agreement granted by the OSC and all Canadian jurisdictions via a combined Canadian Securities Administration (CSA) effort makes Crypto.com the first global cryptocurrency platform now operating in Canada in accordance with this regulatory initiative, as per a press release by the crypto exchange. In accordance with the stipulations of the agreement, Crypto.com has agreed to collaborate with the OSC in order to provide a variety of products and services that are in complete compliance with the relevant Canadian regulations....

Shares of the only large capped weed company, Canopy Growth (NYSE: CGC), rallied more than 7% on Wednesday, extending year-to-date gains to 82%. GW Pharmaceuticals’ (NASDAQ: GWPH) stock price soared more than 44% on Wednesday after Jazz Pharmaceuticals (NASDAQ: JAZZ) announced to acquire the medical marijuana company for $7.2 billion in cash and stock. Shares of Canadian cannabis firm Aphria Inc (NASDAQ: APHA) soared more than 130% year to date amid speculations about the merger with Tilray, Inc....