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U.S. Federal Reserve chair Jerome Powell presented the agency's semi-annual monetary policy report before Congress Tuesday, warnings that banks should be "quite cautious" about getting involved in digital assets. AdvisorShares CEO Noah Hamman discusses what this means for bitcoin (BTC) and why the cryptocurrency's fundamentals are strengthening despite all the crypto contagion concerns in the last few months. Plus, insights into AdvisorShares' Managed Bitcoin Strategy ETF (CYRP).

7 de mar. de 2023

Bitcoin (BTC) remains in a tight trading range, but Glassnode suggests it reflects psychological levels related to traders holding bitcoin over the past year and whales, or large holders of BTC. Meanwhile, the market is currently in a transitional phase, which typically occurs in the later stages of a bear market. "All About Bitcoin" host Christine Lee breaks down the "Chart of the Day."

7 de mar. de 2023

U.S. Federal Reserve Chairman Jerome Powell testified before Congress on Tuesday, warning banks should be "quite cautious" about getting involved in digital assets. Separately, a panel of judges appeared skeptical of the SEC's arguments during Grayscale's Bitcoin ETF hearing. Grayscale and CoinDesk are both owned by Digital Currency Group.

7 de mar. de 2023

TeraWulf has begun operations at its Nautilus Cryptomine facility – the first nuclear-powered bitcoin mining facility in the U.S. – with nearly 8,000 mining rigs online representing computing power, or hashrate, of about 1.0 exahash per seond (EH/s). TeraWulf Chief Strategy Officer Kerri Langlais shares insights into the company's plans and outlook for the bitcoin mining industry amid the bear market.

6 de mar. de 2023

The Grayscale Bitcoin Trust (GBTC) discount to net asset value has fallen to its lowest level in a month, ahead of oral arguments in federal court on Tuesday related to Grayscale's SEC lawsuit. Meanwhile, FTX sister company Alameda Research has filed a lawsuit against Grayscale Investments seeking injunctive relief to realize over $250 million in asset value for the FTX Debtor’s customers and creditors. DCG is the parent company of CoinDesk and Grayscale.

6 de mar. de 2023

Bitcoin's 50-week simple moving average has crossed under its 200-week SMA, confirming a "death cross," a bearish indicator suggesting the short-term price pullback could become a more sustained downtrend. Analysts, however, are split on what it means. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

6 de mar. de 2023

OANDA Senior Market Analyst of The Americas Edward Moya discusses his outlook for bitcoin as the largest cryptocurrency by market cap continues to trade sideways amid continued Silvergate woes and potential regulatory headwinds ahead.

6 de mar. de 2023

TBD, a division of Jack Dorsey's financial-technology company Block, has launched a new business entity named “c=” that focuses on improving liquidity and routing on the Lightning Network. CoinDesk Editor at Large Christie Harkin breaks down its significance to Bitcoin’s layer 2 scaling system.

3 de mar. de 2023

Data from on-chain analytics firm Glassnode shows a full 70% of bitcoin addresses are profitable. CoinDesk's Glenn Williams Jr. noting the "Percent Addresses in Profit" indicator illustrates the percentage of unique addresses whose average purchase price sits below the current price for bitcoin. Historically readings below 50 have indicated that BTC is oversold, and thus, represent a potential bottom. "All About Bitcoin" host Christine Lee presents "The Chart of The Day."

3 de mar. de 2023

Bitcoin (BTC) sunk to a 24-hour low of $22,020.75 as customers abandon crypto-friendly bank Silvergate. CoinDesk Crypto Markets Analyst Glenn Williams Jr. weighs in on the sell-off for the largest cryptocurrency by market capitalization in the wake of these developments. Plus, insights on the state of macroeconomic conditions.

3 de mar. de 2023