Tag: Turn

Bitcoin holds the bulk of its gains from this week’s rally to $100,000, altcoins turn bullish

coiner

Key points: Bitcoin holding $100,000 as a level of support would confirm the current trend change. Ether leads among altcoins, and DeFi tokens could follow. Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In an X post, CoinGlass said that Bitcoin’s rally resulted in $837.80 million in short liquidations in a 24-hour period, the largest since 2021. Bitcoin’s rally also lifted several major altcoins, which soared above their respective overhead resistance levels.…

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How to use ChatGPT to turn crypto news into trade signals

coiner

Key takeaways ChatGPT can analyze crypto news headlines and generate actionable trade signals, helping traders make faster and more informed decisions. Well-crafted prompts are essential — the more specific your instructions, the more accurate and useful ChatGPT’s responses will be. News-based signals work best when combined with broader market context, like Bitcoin trends or altcoin momentum, for a complete trading picture. AI is a tool, not a guarantee — always verify its insights with other research, charts and risk management practices before executing trades. The cryptocurrency market moves fast, and…

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As Halving Approaches, Miners Turn Record Profits into New Strategies

coiner

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. With Bitcoin’s next halving set to take place this month, miners are using record profits to adapt their business models for chaotic opportunities. The halving is almost upon us. As the whole world of Bitcoin waits with bated breath for mining rewards to be cut in half, the potential for new…

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LTC, XMR, AAVE and MKR turn bullish as Bitcoin stalls under $31K

coiner

Bitcoin (BTC) has been trading in a narrow range for the past few days, but that doesn’t take away the sheen from its stunning 84% rally in 2023. The strong recovery in Bitcoin’s price has boosted buying in several altcoins, which have risen sharply from their yearly lows. As the second half of the year begins, the central question on every investor’s mind is: Will the rally continue? CoinGlass data shows that July has seen only three negative monthly closes since 2013, with the most significant decline being 9.69% in…

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