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Bitcoin (BTC) On-Chain Analysis: Mayer Multiple Shows Bullish Reversal Potential
Cryptocurrency Be[In]Crypto takes a look at the Mayer Multiple (MM) and its components in order to determine if BTC is close to a bullish trend reversal. What is Mayer Multiple? The Mayer Multiple (MM) is an oscillator that is calculated using the ratio between the BTC price and its 200-day moving average (MA). Afterward, the Mayer Multiple indicator (blue) is afterward created by taking the difference between the BTC price and its 200-day MA. The 0.8 (green) and 2.4 (purple) oscillators are then plotted in order to determine market tops and bottoms. Movements above the 2.4 oscillators have historically coincided […]
Bitcoin ATM Firm Set to Go Public in $885M Deal
Bitcoin Depot has reached an agreement with a special-purpose acquisition company (SPAC) that would see the firm go public in a reported $885 million deal. A SPAC is a shell corporation created to raise money from investors and trade on the stock exchange. It exists for the sole purpose of buying out (merging with) a privately owned company to take it public. SPACs have become a popular alternative to other means of capital raising such as the initial public offering (IPO). Now Bitcoin Depot looks set to follow in the footsteps of Bakkt Holdings and Cipher Mining, fellow crypto firms […]
Natalie Brunell: This is What Made Me Go From Traditional Media to Full-Time Bitcoin (Interview)
Bitcoin Natalie Brunell is one of the most well-known women in the cryptocurrency industry. With a background in traditional journalism, she currently hosts the Coin Stories podcast, featuring some of the leading voices in both Bitcoin and economics. Brunell is Polish-born and, together with her family, immigrated to the US when she was five. she has broad experience in traditional media, covering breaking news, enterprise reporting, as well as features. Some of her previous roles include the top-rated NBC Station KCRA-TV, as well as being a national correspondent for ABC NewsOne based in LA. A few years ago, however, she […]
Bitcoin Cloud Indicator Suggests Bitcoin Bottom May Be Close
By Mark Hunter 23 hours agoWed Aug 24 2022 08:59:07 Reading Time: 2 minutes A Bitcoin bottom may be close according to a key indicator The Bitcoin Cloud Indicator suggests that the worst may be over following a 50% crash since May The current price pattern is mirroring 2018-2019 Bitcoin may well be bottoming out and forming a pattern close to late 2018, according to The Bitcoin Cloud Indicator. The Bitcoin Cloud Indicator is made up of a green line (21-day EMA) and a red line (200-day EMA) and highlights very clearly where Bitcoin is currently sitting in a market […]
How Rational Optimism Fuels Belief In Crypto
Bitcoin Reading Time: 7 minutes The year 2022 may have started on a high note for the crypto industry, but the current situation is very far from ideal. Bitcoin prices have crashed by more than 50% this year after previously recording spectacular all-time highs. The general market downturn has also hit crypto companies badly, with many laying off workers and others filing for bankruptcy. Amidst all the ongoing drama, million-dollar crypto hacks continue unabated, while promising DeFi projects go down under. With all that happening, many would expect those in the crypto industry to cut their losses and hit the […]
Are Paper Bitcoin Wallets Still Safe?
Reading Time: 2 minutes Paper Bitcoin wallets were the only way to store your bitcoin offline for many years There are however several security concerns around the practice now Are paper Bitcoin wallets still safe or should the idea be shredded for good? With all the variations of Bitcoin wallet available now, the concept of a paper Bitcoin wallet seems archaic. However, even though hardware wallets have been on the scene for over eight years, paper Bitcoin wallets are still used by those who don’t, for whatever reason, trust the storage devices, or the companies behind them. The question is, […]
Ethereum Price Lost 20% Weekly, What’s The Key Support Now?
Cryptocurrency Ethereum price has witnessed a tough time lately, the altcoin logged heavy losses over the past one week. Broader market weakness could be blamed for the coin’s current price momentum. Bitcoin slid on its chart and was trading at $21,000 at the time of writing. Other altcoin also depreciated following BTC’s price action. Over the last 24 hours, Ethereum price fell by 4%. It has been a consistent downtrend after the coin lost the $2,000 price mark. The technical outlook for Ethereum price was also bearish as sellers had taken over at the time of writing. If selling momentum […]