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Bitcoin and select major altcoins are under pressure as the September Producer Price Index report shows wholesale inflation surged to 0.5%, exceeding the markets' expectation. Buyers are finding it difficult to maintain Bitcoin (BTC) price above $27,000. The selling increased after the September producer price index rose 0.5% for the month versus expectations for a 0.3% increase. This shows that the inflation pressures are unlikely to ease in a hurry for the United States economy. The uncertain near-term environment has shifted analysts’ focus to November and the upcoming halving event expected in April 2024. Crypto analyst Miles Deutscher cited a chart from CryptoCon and said that if history repeats itself, then Bitcoin may turn up by November 21 and start its journey higher to the next halving. Daily cryptocurrency market performance. Source: Coin360 Going further ahead to 2026, BitMEX founder Arthur Hayes is even more bullish. While speaking as a guest on Impact Theory with Tom...

PolkaWorld has announced its decision to cease operations after Polkadot’s treasury rejected its funding proposal.  PolkaWorld, a community in the Polkadot eco system , raised concerns over treasury management under Polkadot’s new open governance platform, OpenGov, claiming that it negatively affects long-term eco system contributors. PolkaWorld cited numerous instances where the treasury denied organizations and subsequently left the Polkadot ecosystem. The previous governance system — where a council elected by Polkadot DOT holders evaluated proposals — was more effective and should be incorporated into the current OpenGov model, it argued. 🫥 It's super sad to say that PolkaWorld's proposal was rejected, and we've been halted operations for half a month now. This is the first time we've had to pause in the four years and three months since we started in 2019. All of these changes happened after @Polkadot initiated… https://t.co/KxqhCRKTXC — P...

The mantra of this year’s Polkadot Decoded 2023 conference is to focus on building better products instead of worrying about token price. The Polkadot Decoded 2023 conference just wrapped up and this year more than 100 speakers and 100 blockchain projects were in attendance.  The beauty of crypto bear market s is they catalyze a realignment of perspectives and objectives. All the hidden leverage is gone and most of the speculation is gone. SBF is gone. Do Kwon is gone. Three Arrows Capital, Su Zhu, Kyle Davies and a handful of other hucksters and snake oil salesmen have been exiled. And good riddance to all of them. Crypto doesn’t need hopium, messiahs, populists and dream peddlers. What we need are build ers, fresh ideas, solutions that have product-to- market fit and some sort of realistic real world application. That’s what I like about blockchain conferences. Especially during a bear market. The buidl first mentality is the whole vibe of Polkadot Decoded. For the past two days, ...

Bitcoin and most major altcoins are facing selling at higher levels, but there are no signs of panic selling at the moment. Bitcoin (BTC) and altcoins have been volatile in the past two days as the cryptocurrency markets come to terms with the actions of the United States Securities and Exchange Commission (SEC) against two of the biggest crypto exchanges, Binance and Coinbase. After the initial knee-jerk reaction to the news and the subsequent rebound, markets are likely to enter a range as traders reflect upon the uncertainty around the lawsuits. The initial response has been encouraging as the markets have not collapsed, indicating the growing maturity of the crypto space. Daily cryptocurrency market performance. Source: Coin360 Glassnode data shows a decline of 12,600 Bitcoin from exchange balances on June 5 and 6, indicating that traders kept their cool and did not panic as they had done during the FTX episode in November. What are the critical support levels to watch for on the ...

1/ @DeloitteCH – the world’s biggest accounting firm – is the latest major enterprise partner to come to the Polkadot ecosystem, choosing cutting-edge tech provided by the @Kiltprotocol parachain to enhance its identity protocols. pic.twitter.com/nkqr0i1s0I advertisement — Polkadot (@Polkadot) May 4, 2023 Interestingly, the use of blockchain in KYC has the potential to significantly reduce costs, speed up processing times, and increase data security. Trending Stories MATIC Price Prediction: Polygon Price at Monthly Support Plots a Quick 12% Jump 24/7 Cryptocurrency News Stacks Price Ready to Resume Bullish Recovery Forecast 64% Growth; Buy Now? 24/7 Cryptocurrency News Solana Price Prediction: SOL Price Coiling Up For a Massive Move; Is $30 on the Horizon? 24/7 Cryptocurrency News Healthy Retracement Fuels Pepe Price For 130% Rally in its Next Recovery Cycle; Enter Today? 24/7 Cryptocurrency...

Bitcoin started March on a positive note, but historically the month has recorded mediocre gains, which could be an early warning sign for crypto investors. Bitcoin (BTC) was marginally positive in February even though the S&P 500 index (SPX) fell by 2.61%. On the first day of March, Bitcoin has started on a positive note while the United States equities markets are struggling. This shows that Bitcoin is trying to decouple from the U.S. equities markets. A positive sign is that retail traders seem to have made the most of the crypto bear market. Instead of panicking and selling their holdings, traders have purchased at lower levels. Glassnode data shows that wallets holding at least one Bitcoin have consistently risen and are nearing the 1 million mark for the first time ever. Daily cryptocurrency market performance. Source: Coin360 Historically, March has been a mediocre month for Bitcoin. Coinglass data shows that Bitcoin closed the month of March with double digit gains only tw...

A rally in equities markets is providing support to BTC and altcoins, but bulls will likely struggle in keeping the momentum needed to turn overhead resistance levels to support. The United States December nonfarm payrolls report showed a growth of 223,000 jobs, above the market's expectation of an increase of 200,000 jobs. While this shows that the economy remains strong, market observers shifted their focus to the slower wage growth of 0.3% for the month, below economists’ expectation of 0.4%.  In addition, the euro zone’s headline inflation dropped from 10.1% in November to 9.2% in December. Both economic data boosted hopes that the central bank’s aggressive rate tightening may slow down. This triggered a rally in the U.S. and European stock markets. Daily cryptocurrency market performance. Source: Coin360 However, the reaction in the cryptocurrency space remains muted, with Bitcoin (BTC) continuing to trade inside a narrow range. The crypto investors may be taking a cautious a...