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⁠Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits

This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.”

https://ct.com/avvq
⁠Data shows Bitcoin and altcoins at risk of a 20% drop to new yearly lows

The total crypto market capitalization dropped to the $1 trillion support, and weak stablecoin demand and a largely absent funding rate reflect traders’ negative sentiment.

https://ct.com/avvx
⁠Bitcoin addresses in loss hit 1-month high as BTC price retests $21K

There are now more than 17.5 million Bitcoin wallets underwater with little faith in a rebound coming from analysts in the face of a surging dollar.

https://ct.com/avx5
⁠Warren Buffett pivots to U.S. Treasuries — a bad omen for Bitcoin's price?

Berkshire Hathaway now allocates 60% of its cash portfolio to T-bills, leaving individual investors with the potential to mirror a similar strategy.

https://ct.com/avy0
⁠Bitcoin price eyes $22K as US PMI data hits lowest since May 2020

BTC price bounces and the U.S. dollar falls from fresh twenty-year highs as PMI numbers reignite talk of recession.

https://ct.com/avz1
⁠What crashed the crypto relief rally? | Find out now on The Market Report

On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss what factors lead to the collapse of the bear market rally.

https://ct.com/avzb
⁠A bullish Bitcoin trend reversal is a far-fetched idea, but this metric is screaming 'buy'

Non crypto-related factors continue to weigh on BTC price, but a key on-chain metric that called previous market bottoms suggests Bitcoin is severely undervalued.

https://ct.com/aw0f
⁠Here’s why holding $20.8K will be critical in this week’s $1B Bitcoin options expiry

BTC bulls were liquidated in last week’s drop to $20,800, meaning even more downside could occur if this level fails ahead of this week’s $1 billion options expiry.

https://ct.com/aw0k
⁠Bitcoin bulls may win big as two key moving averages prepare to cross

History repeating itself would be good news for those looking to enjoy further BTC price upside.

https://ct.com/aw1f
⁠3 reasons why Chiliz is up 35% this week — and where is CHZ price heading next?

A mix of fundamental, on-chain and technical catalysts has driven the CHZ price to its best levels since April 2022. What's next?

https://ct.com/aw2j
⁠Bitcoin breakout possible as whales close in on sideways BTC price

Order book data shows bids and asks narrowing as stocks inch higher and the U.S. dollar bounces back from a previous slip.

https://ct.com/aw3d
⁠Price analysis 8/24: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, MATIC

Crypto traders expect a range expansion once the Jackson Hole symposium is complete and the Fed’s perspectives on inflation, interest rate hikes and the health of the economy are made public.

https://ct.com/aw47
⁠Monthly Ethereum options data suggests $2K will remain an elusive target

$1.27 billion in ETH options expire on August 26 and data signals that the price is likely to stay pinned under $2,000 until the Merge.

https://ct.com/aw4h
Forwarded from Cointelegraph
Who is bouncing back better?

Ethereum gains ground on Bitcoin following the recent dip, but is that a sign of things to come?

Get the full picture here: https://buff.ly/2XiFyft
⁠Bitcoin sits at range high as realized price sparks BTC 'macro signal'

Interesting signals are being printed by several more chart indicators this week, all of which have proven to be bear market bottom markers.

https://ct.com/aw72
⁠Why $20.8K is a critical level for Bitcoin | Find out now on Market Talks with Charlie Burton

What is the critical support level for Bitcoin and what happens if the market drops below it? Join us as we discuss this and other topics with Tim Warren, co-host of Coffee N Crypto, and Charlie Burton.

https://ct.com/aw8i
⁠Wen moon? Probably not soon: Why Bitcoin traders should make friends with the trend

Recurring bear flags and the Fed’s telegraphed monetary policy are painting a roadmap for BTC’s future price action.

https://ct.com/aw95
⁠3 reasons why Binance Chain (BNB) rallied 66% since the crypto market crashed

BNB token holds a $50 billion market cap and has rallied 66% since the crypto market crashed, but what is behind the altcoin’s tremendous recovery?

https://ct.com/aw9f
⁠ATOM price is reaching for the Cosmos, but why?

Like all altcoins, ATOM price fell as $550 million of BTC, ETH and altcoin positions were liquidated last week. Which is exactly why its 35% rebound is raising eyebrows.

https://ct.com/aw9w
⁠Bitcoin price taps $21.3K ahead of Fed Chair Powell Jackson Hole speech

Daily lows greet Bitcoin traders as markets await fresh macro cues from the Fed.

https://ct.com/awaz