trend

Veteran Trader Peter Brandt Says Gold Is Poised for Massive Chart Breakout

August 14, 2024 Bitcoin.com

asset

Peter Brandt, a veteran trader and respected chartist, says gold is poised for a massive chart breakout with targets of $2,800 and then $3,200, based on an inverse head and shoulders pattern indicating a bullish trend. This outlook aligns with recent bullish forecasts from various analysts and economists. Gold Poised for Major Breakout, Says Trader […]

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Bitcoin ‘as strong as ever’ with record high 200-day moving average

May 7, 2024 Coin Telegraph

Bitcoin

The long-term Bitcoin trend indicators, the 200-day and 200-week moving average, are at the highest-ever levels with Anthony Pompliano saying BTC is “as strong as ever.”

Bitcoin’s (BTC) 200-day moving average is at an all-time high of $50,178, a key technical indicator for predicting long-term Bitcoin price trends suggesting a bullish long-term outlook.

The indicator hit its peak on May 6, according to BuyBitcoinWorldwide. It comes as Bitcoin recovers from a post-halving price dip that saw it drop as low as $56,800 after the network’s block rewards were halved to 3.125 BTC on April 20.

The 200-day simple moving average (SMA) sums the last 200 days of Bitcoin’s closing price and divides it by 200 to iron out short-term price fluctuations, aiming to show traders and analysts a long-term trend indicator.

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’

April 9, 2023 Bitcoin.com

aftermath

The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of […]

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

NFT Sales Rise 7.28% to $179.64 Million in 7 Days, Nakamigos Takes the Top Collection Spot 

April 8, 2023 Bitcoin.com

Arbitrum

Sales of non-fungible tokens (NFTs) increased this week, with $179.64 million in sales over the last seven days. NFT sales rose 7.28% and transactions grew by 2.29% during this period, but the number of digital collectible buyers decreased by 4.34%. NFT Sales Improve This Week, Rising 7.28% Higher Sales of non-fungible tokens (NFTs) have trended […]

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn

March 1, 2023 Bitcoin.com

Adoption

Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin’s overall valuation was $1.24 billion, with 11.13 million bitcoins in circulation at the time. Today, the same website indicates that there are 22,709 crypto assets. Additionally, the market capitalization of the crypto economy has grown significantly, increasing by […]

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Bitcoin’s Blockchain Growth Accelerates With Trend of Ordinal Inscriptions

February 28, 2023 Bitcoin.com

3.96 MB

The Bitcoin blockchain has 40.49 gigabytes (GB) to go until it reaches half a terabyte (TB), and with the recent trend of Ordinal inscriptions, it’s likely to get there faster. The average block size reached a high of 2.52 megabytes (MB) on Feb. 12, 2023, but block sizes have subsided and dropped to an average […]

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Litecoin Network Adopts Ordinal Inscriptions, Following Bitcoin’s Lead

February 22, 2023 Bitcoin.com

Anthony Guerrera

Following a growing trend of Ordinal inscriptions on the Bitcoin blockchain, the technology has been ported to the Litecoin network, and the number of onchain Litecoin inscriptions has surpassed 13,000. Software developer Anthony Guerrera made Ordinal inscriptions on the Litecoin network possible by receiving 22 Litecoin to port the technology to the proof-of-work (PoW) blockchain. […]

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Block Sizes Exceeding 3 MB Now Common on Bitcoin Blockchain as Ordinal Inscription Demand Rises

February 12, 2023 Bitcoin.com

12 days

Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628) on the Bitcoin blockchain, block sizes have been larger than they were prior to that block height in the past 12 days. Statistics show that blocks larger than 3 MB are now quite common, and demand for Ordinal inscriptions has risen as […]

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Ordinal Inscriptions Take the NFT World by Storm: Over 50,000 Added to the Bitcoin Blockchain in 2023

February 11, 2023 Bitcoin.com

100 generative punks

As of Friday, Feb. 10, 2023, the Bitcoin blockchain had seen the addition of more than 50,000 Ordinal inscriptions as the trend has continued to increase daily. People are inscribing text, images, videos, audio, and software applications onto the blockchain, with some inscriptions fetching high prices via over-the-counter (OTC) trades. A clone of the popular […]

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Ethereum Liquid Staking Trend Continues to Swell; 5 Platforms Control 97% of Market

February 7, 2023 Bitcoin.com

2.6% Market

As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 billion, with Lido, Coinbase, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked (TVL) out of the 6.87 million ether held by the 11 liquid staking […]

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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K