Monero (XMR) price may witness a sharp pullback by June because its 75% rally in the last two weeks has left the gauge almost “overbought.” Monero price RSI meets rising wedge Downside risks have been mounting due to XMR’s relative strength index (RSI), which almost hit 70 this May 23, indicating that the market is considered overvalued. An oversold RSI…
About the Author Kevin Virgil is the Managing Director of Asset Management at Everyrealm, a leading investor and developer of metaverse platforms and projects. The past few days have not been kind to any asset class, particularly in my chosen field of digital assets. Like many professional investors, I tend to crack open the history books at times like this…
Balenciaga, a Kering-owned luxury fashion house, will begin accepting bitcoin and other cryptocurrencies as payment.First, flagship stores located in the U,S. and Balenciaga’s website will trial the new payment feature with further roll-outs expected at later dates. Balenciaga is the second member of the Kering Luxury Group to accept bitcoin and other cryptocurrencies as payment, following Gucci. Balenciaga, a luxury…
While Bitcoin’s hashrate has remained above the 200 exahash per second (EH/s) mark, over the last two weeks the network’s mining difficulty has been at an all-time high (ATH) at 31.25 trillion. However, after 289 blocks are mined or roughly two days from now, Bitcoin’s mining difficulty is estimated to drop 3.67% giving miners some relief after the recent difficulty…
Bitcoin (BTC) stayed glued to $30,000 on May 23 as the start of Wall Street trading failed to spark volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin to range before “real breakout?” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering in a tight trading range in place since before the weekend. The pair had closed out the…
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has retaken the $30,000 level after a bout of volatility over the weekend. The leading crypto trades around $30,408, up roughly 1.7% over the past 24 hours. Despite this minor recovery, Bitcoin is still 55.76% down from its all-time high of $68,789 in November last year, according to data from CoinMarketCap.…
Bitcoin Pizza Day is likely the famous remembrance day of Bitcoin’s history. It alludes to the day when BTC was first used to purchase a real-world product, on May 22, 2010. The transaction took place after Laszlo Hanyecz posted to the most active medium of communication about Bitcoin at the time – the Bitcoin Talk forum: “I’ll pay 10,000 bitcoins…
Bitcoin rallied to above $30,000 to start the week, as bulls returned to crypto markets on Monday. The news comes as it was announced that fashion brand Balenciaga is set to accept crypto payments. ETH also moved higher on the news. Bitcoin BTC climbed to its highest point in four days earlier in today’s session, as markets reacted to the…
During the World Economic Forum (WEF) 2022, Sheila Warren, the CEO of Crypto Council for Innovation (CCI), sat down with Cointelegraph to discuss a range of topics including the state of crypto, decentralized autonomous organizations (DAO) and safety within the metaverse. Reminiscing on previous WEF events, Warren started off by comparing the past WEF events to this year’s event. The…
Crypto asset manager Grayscale–which stewards $43 billion in cryptocurrencies–has reportedly launched a marketing campaign asking people “to advocate for a Bitcoin ETF” to the United States Securities and Exchange Commission (SEC). According to initial reporting from Axios, a Grayscale advert appeared in Washington D.C.’s Union Station, saying “we care about crypto investors,” and included a QR code that takes people…
