Despite the recovery in the broader crypto market, mining company Canaan has reported a fall in revenue. It has also reduced its Bitcoin (BTC) holdings.
Mining companies were largely hit in last year’s crypto winter. Despite Bitcoin’s rally in the first quarter, some companies are yet to recover from the impact of 2022.
Canaan’s Declining Revenue
Today, the mining company Canaan announced its quarterly financial report for the first quarter of 2...
At press time, BTC was trading hands at $26,725.02 after it experienced a price increase of 0.91%.
The 9 EMA line was looking to cross above the 20 EMA line on BTC’s 4-hour chart.
Should this happen, BTC’s price could flip the resistance level at $26,850 into support.
The crypto market leader, Bitcoin (BTC) earned itself a spot on CoinMarketCap’s trending list after a 0.91% price increase over the past 24 hours. As a result, BTC was...
Crypto Market News: Bitcoin and US stock prices edged higher on Friday as reports emerge about the closure of the much anticipated debt ceiling deal. According to reports, the deal announcement is just around the corner as the White House and Congressional negotiators agree on a compromise in terms of government spending. Earlier, CoinGape reported that the deal announcement could come any...
Bitcoin (BTC) has reached a “decision point” for price action, but speculators are in charge, says a new analysis.In findings uploaded to Twitter on May 26, Checkmate — lead on-chain analyst at Glassnode — revealed a BTC price showdown in the making.Analyst warns Bitcoin bulls “not doing anything”Struggling near key trend lines, BTC/USD is giving an increasing number of long-time market participants cold feet this month.As downside price pr...
The New York City Banking Commission has decided to limit deposits for two banks as the U.S. banking crisis deepens. Can Bitcoin ‘fix this?’
On May 25, the New York City Comptroller, the City Mayor, and the Department of Finance voted to limit deposits at Capital One and KeyBank.
The move comes after the banks “failed to submit required plans demonstrating their efforts to root out discrimination,” according to the Comptroller.
It is the latest ...
Crypto Market News: Republican Kevin Hern said the debt ceiling deal will likely be reached by Friday afternoon, after which the financial markets could see massive volatility. On Thursday, traders anticipated for positive indications from the negotiations, while no positive developments emerged since top Republican Kevin McCarthy’s Monday meeting with US President Joe Biden. Also, the Personal Consumption Expenditures (PCE) Price Index, which...
In this week’s episode of Market Talks, Cointelegraph welcomes Mike McGlone, senior macro strategist at Bloomberg Intelligence, which delivers in-depth analysis and data sets on industries and companies, government, credit, litigation and economic factors.In today’s discussion with McGlone, we discuss the concerns around the current debt ceiling battle currently taking place in America’s law-making houses. Will the United States default for...
Bitcoin News: Debt ceiling talks between the White House and Congressional Republicans representatives move ahead investors stand confused as the deadline approaches. The global digital market printed some green indexes on Thursday after a sell off on the prior day. However, NVIDIA Corp (NASDAQ: NVDA) registered a major surge of 27% leaving Wall Street with hopes.
Also Read: NVIDIA Near To...
Michael van de Poppe recently uploaded his latest technical analysis for Bitcoin (BTC).
In his analysis, the trader noted that the 200-week MA and 200-week EMA are crucial levels to keep an eye on.
At press time, BTC was trading at $26,439.31 following a 0.80% increase.
In a recent market analysis, the prominent crypto trader and analyst Michael van de Poppe delved into the potential impact of interest rate pauses and key resi...
Bitcoin has formed a bearish crossover on the weekly chart’s MACD.
The signal could cause Bitcoin’s price to drop up to 19%.
A developing head and shoulders pattern suggests BTC could potentially drop lower.
Bitcoin has formed a bearish crossover on the weekly chart’s moving average convergence divergence (MACD) indicator. According to the crypto YouTuber, CryptoKid, that could lead to a price drop of up to 19% by the pioneer ...
