Bitcoin and Ethereum Look for Direction, ADA and SOL Trimmed Gains

Bitcoin price started a downside correction from the USD 31,500 zone and declined below the USD 30,000 support zone before recovering. It is currently (11:29 UTC) trading near USD 30,100 and is almost unchanged in a day. It's still down 12% in a week.

Timeline of Cardano, Bitcoin, Ethereum, Solana

Closely followed macro analyst Lyn Alden says that Bitcoin (BTC) is likely approaching a “deep value” range as certain metrics start to signal a bottom is in. In a new interview with Blockware Intelligence, Alden says Bitcoin's current price range is presenting opportunities for market participants who have a long-term investment thesis on BTC. “I The post Bitcoin in ‘Deep Value' Area as One Metric Hints at BTC Bottom, Says Macro Expert Lyn Alden appeared first on The Daily Hodl.

Long positions on Bitcoin have hit an all-time high on Bitfinex as they spike over 60% in a day. The post Bitcoin long positions spike 60% on Bitfinex appeared first on CryptoSlate.

David Marcus, former cryptocurrency head at Meta, is launching Lightspark, another payments company that will use crypto as its central payment tool. The startup, which will have Marcus at the helm as CEO, also features some of Meta's former employees and will explore the possibilities of using the layer 2 Lightning Network (LN) as a

FTX's founder has taken a swipe at Bitcoin (BTC) over its inefficiency in settling transactions and has thrown his weight behind the proof-of-stake (PoS) consensus mechanism. The post FTX Founder Downplays Bitcoin's Chances as an Efficient Payments Network appeared first on BeInCrypto.

Bitcoin has closed its weekly candle down, thus making this the 7th week in a row that it has printed a weekly red candle. The post Bitcoin closes 7th red weekly candle for first time ever appeared first on CryptoSlate.

The Luna Foundation Guard (LFG), the entity whose task was to maintain the stability of the terraUSD (UST) peg, said it spent nearly all of its bitcoin (BTC) held in reserves to defend UST's dollar peg as it collapsed. But from what is left, users of the failed stablecoin will be compensated, LFG said.

El-Salvador being the first country to Bitcoin adoption has now conducted a meeting to discuss financial inclusion and benefits of Bitcoin adoption in the countries. The Bitcoin adoption has followed a sequence one after the other, as the first country El-Salvador adopted Bitcoin to its family as legal tender after 12 years of Bitcoin's introduction. …

Sam Bankman-Fried, CEO and founder of major crypto exchange FTX, and investor in Solana (SOL), was accused of misleading the public as he omitted important facts while bashing Bitcoin (BTC). The CEO claims that his quotes were chosen "very selectively" by a mainstream media outlet, known for skepticism towards Bitcoin and crypto.

The Luna Foundation Guard (LFG), official stewards of Terra's bitcoin reserves, released a statement on Monday documenting how they dispersed millions of dollars worth of crypto in their failed attempt to maintain the peg of stablecoin terraUSD (UST).

Traders are nervously watching the price of crypto lender Celsius' cel cryptocurrency which has collapsed by almost 70% over the last month as panicked sellers offload the coin...