Bitcoin (BTC) starts a new week with all quiet on traditional markets but a storm brewing in crypto. As the Easter long weekend continues for the United States and much of Europe, traders are keenly eyeing whether Bitcoin can stay stable for four days without professional investor involvement. So far, the picture has not favored bulls: Since April 15, BTC/USD has been characterized by sideways action punctuated by episodes of sudden volatility to the downside. That continued overnight into April 18, and now, $40,000 is once again out of reach. What will the atmosphere be like in the coming days? …

Cardano’s (ADA) price risks undergoing a severe correction in the next few months despite touting its blockchain network’s bolstering growth and a “major” hard fork event in June. Descending channel hints at ADA sell-off ahead ADA, which makes up about 1.75% of the total crypto market capitalization, has been trending lower since September 2021 inside a “descending channel” pattern that has successfully capped its multiple upside attempts, as illustrated in the chart below. The channel showed further strength as ADA broke above its upper trendline on March 27 only to reverse entirely in later sessions, showing a lack of conviction …

Bitcoin (BTC) saw a predictable fall into the Wall Street open on April 11 as bears took the market towards $40,000. Bitcoin edges towards $40,000 Data from Cointelegraph Markets Pro and TradingView showed last week's downtrend gathering pace Monday after a disappointing weekly close. The calm weekend thus gave way to volatility as the new week began, this being led by equities losing ground worldwide. In Asia, the Hang Seng closed down 3% on the day in Hong Kong, while the Shanghai Composite Index finished 2.6% lower. Germany's DAX traded 0.77% in the red at the time of writing, mimicking …

Dogecoin (DOGE) continues its rebound move four weeks after bottoming near $0.10 and is now promising more upside moves in Q2/2022. Dogecoin price nears two-month highs DOGE's price had risen by nearly 6.5% week-to-date to $0.15 a token. The coin's recent gains surfaced after Elon Musk disclosed his $3-billion stake in Twitter on Monday, reiterating his influence on its market. Musk has been a big supporter of the Dogecoin community, including his decision to accept DOGE payments at his company Tesla's online merchandise store. As Cointelegraph reported, Musk’s investment could help push Twitter’s crypto initiatives forward and even see DOGE …

Sam Bankman-Fried’s cryptocurrency exchange FTX continues aggressively investing in traditional finance, with the United States-based affiliate FTX US investing in Investors Exchange (IEX), a U.S. national stock exchange. FTX US has signed an agreement to make a strategic investment in the IEX’s operator IEX Group to jointly establish a market structure for buying, selling and trading digital asset securities, the firm announced to Cointelegraph on Tuesday. IEX and FTX US expect to close the deal in May 2022, subject to customary closing conditions and regulatory approval. The new collaboration aims to provide services for retail and institutional investors. IEX is …

On Friday, Bitcoin (BTC) mining company PrimeBlock announced that it is merging with special purpose acquisition vehicle (SPAC) company 10X Capital Venture Acquisition Corp II. The deal places PrimeBlock at an enterprise value of $1.323 billion and is expected to close in the second half of the year. The company has installed 1.8 exahash per second of BTC self-mining company, accounting for approximately 0.89% of the Bitcoin network's overall hash rate. According to PrimeBlock, its break-even price for mining is $9,000 per coin. Back in 2020, up to 59% of its energy sources were carbon-free. The firm seeks to become …

Cryptocurrency investment firm Galaxy Digital has not managed to finalize the acquisition of the digital asset custodian BitGo in the first quarter of 2022 as the firm originally planned. Galaxy Digital has made some changes to the terms of its acquisition of BitGo, CEO Mike Novogratz announced in an earnings call on Thursday. “We’ve adjusted the deal some, for progress that BitGo has made,” Novogratz said, noting that BitGo has hired about 150 people since the firms originally signed the deal in May last year. He added that Galaxy remains committed to “integrating BitGo and becoming an institutional crypto platform” …

The American exchange-traded fund (ETF) provider WisdomTree continues expanding its cryptocurrency products in Europe by launching three new crypto exchange-traded products (ETP) backed by Solana (SOL), Cardano (ADA) and Polkadot (DOT). WisdomTree announced Tuesday the launch of three new physically-backed crypto ETPs, including WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW) and WisdomTree Polkadot (DOTW). The ETPs are already listed on major European digital exchanges like Deutsche Boerse’s Xetra, the Swiss SIX exchange and the Swiss Stock Exchange. The pan-European exchange Euronext is expected to list the crypto ETPs in Amsterdam and Paris on Thursday, the announcement notes. The ETPs are designed …

Bitcoin (BTC) begins the last week of March with a bang after returning to its yearly opening price above $46,000. In a surprisingly strong upward move for a weekend, BTC/USD began surging upwards Saturday, continuing overnight to challenge its highs from the start of 2022. Coming against an ongoing macro climate of considerable uncertainty, strength in Bitcoin is naturally being taken with a pinch of salt this month. The reaction is understandable given that previous attempts to break out of its multi-month trading range have all ended in failure. Despite volatile periods, bulls were always left disappointed and Bitcoin subsequently …

Stocks or cryptocurrency — Which is safe? If you are aware of the risks and consciously deal with them, then both stocks and cryptocurrencies are safe to trade with. Cryptocurrency vs. Stocks: Does one pose more risk than the other? Sure, the crypto market is extremely volatile and new. Stocks are more proven investment instruments but are also highly volatile. There are a lot of people who have a percentage, if not all, of their wealth invested in cryptocurrencies. It’s not wise to use the crypto market as a quick win. But, there are a lot of coins to earn …

Buying a Coinbase stock (COIN) to gain indirect exposure in the Bitcoin (BTC) market has been a bad strategy so far compared to simply holding BTC. Notably, COIN is down by nearly 50% to almost $186, if measured from the opening rate on its IPO on April 14, 2021. In comparison, Bitcoin outperformed the Coinbase stock by logging fewer losses in the same period — a little over 30% as it dropped from nearly $65,000 to around $41,700 What's bothering Coinbase? The correlation between Coinbase and Bitcoin has been largely positive to date, however, suggesting that many investors consider them …

Canadian cryptocurrency miner Hut 8 posted mixed financial results on Thursday, as revenue and mining profitability soared while overall net income declined — underscoring a volatile end to the year for Bitcoin (BTC) and the broader digital asset market. The Toronto-based company, which trades publicly on the Nasdaq and TSX, saw its revenues surge to $45.69 million (C$57.901 million) in the fourth quarter of 2021, up from $10.25 million (C$12.986 million) the year before. Full-year revenues were $137.1 million, up 326% compared with 2020. Despite generating a large profit from mining activities, the company posted an overall loss of $0.53 …