BIT Mining has launched a new and improved version of its Dogecoin and Litecoin mining machines. But Litecoin has had a rough ride this year, while Bitcoin surges. Clearly, altcoins need all the help they can get as Bitcoin’s market dominance creeps ever higher.
Dubbed LD4, BIT Mining’s new model purports to offer high hash rates and energy efficiency and has undergone extensive testing to ensure its superiority over previous versions. B...
Bitcoin investors are paying attention to the interest rate decision by the FOMC.
Most investors expect the FOMC to increase interest rates.
Investors will interpret Powell’s speech based on the extent of hawkishness.
Bitcoin investors are paying attention to the interest rate decision by the FOMC as one of the main signals that could determine the next price direction. More than just the figures, the speech by the Federal...
A fresh lawsuit against the Swiss Financial Market Supervisory Authority (FINMA) over the writing down of $17 billion worth Credit Suisse issued Additional Tier 1 (AT1) bonds was filed on Monday. As part of the emergency rescue deal involving acquisition of Credit Suisse by UBS, the AT1 bonds were written down. Essentially, the bondholders argue that FINMA unlawfully gave preference ...
In this article, BeInCrypto shares experts’ Bitcoin (BTC) price forecast for May 2023 and what obstacles the cryptocurrency may face this month
Bitcoin Price Forecast: Expert Opinions
Independent financial expert Alexander Ryabinin believes that “May for Bitcoin, like April, will be difficult and interesting.” In his opinion, the main task on the path of Bitcoin (BTC) will be to maintain the level of $30,000.
The Bitcoin forecast for Ma...
The popular trader and analyst Ali recently tweeted a snapshot of on-chain data for Bitcoin BTC.
According to the post, the number of $1M+ BTC transactions has been declining since the end of March.
At press time, the crypto market leader’s price is down 1.62%.
The crypto analyst who goes by the name Ali tweeted a snapshot of on-chain data from the Bitcoin network. According to the tweet, the number of $1 million or more Bitco...
https://coinedition.com/arkham-identifies-another-gmx-trader-with-multiple-50x-short-orders/
Arkham identifies top GMX traders placing high-risk leverage contracts.
Andrew Kang incurs a $567k loss on GMX after liquidating the BTC/ETH pair.
Previously, Kang executed $2 million short orders for ETH and earned 70% profit.
While many people have been following the trading activities of Andrew Kang, a well-known crypto futures trader on...
The Bitcoin market correction continues and could dip a fair bit lower, according to data from on-chain analysis firm Glassnode.
In its ‘Week on Chain’ report released on May 1, Glassnode revealed the extent that the market correction could go if it continues.
Bitcoin On-Chain Metrics
Bitcoin has already corrected 10% from its 2023 high of just below $31,000 in mid-April. However, markets could drop much further from current prices of around $28...
Darius Dale, predicts there will be more volatility for Bitcoin before the next halving event.
Dale’s prediction is based on consistent historical price patterns over several years.
According to the analyst, Bitcoin’s price could go as high as $200,000 after the next halving.
The founder and CEO of 42Marco Darius Dale, predicts there will be more volatility for Bitcoin before the next halving event, expected between April and May 20...
Crypto Market News: A new US Supreme Court consideration may likely have a significant impact on the future of the cryptocurrency market, as the industry grapples with an increasingly tighter regulatory environment in the United States. Earlier, CoinGape reported that the top court agreed to consider cutting down powers enjoyed by federal regulatory agencies including the Securities and Exch...
Business intelligence platform MicroStrategy has reiterated its commitment to its Bitcoin (BTC) investment strategy after turning its first quarterly profit since 2020. The Michael Saylor-founded firm went back into the green in the first quarter of 2023 with a profit of $94 million, which was largely attributed to a one-time income tax benefit of $453.2 million.Phong Lee, the firm’s chief executive officer explained in the May 1 statement that M...
