🗞 Daily Crypto News, May, 2nd

Bitcoin Price $9.5K Resistance Puts BTC Halving Rally in Jeopardy ;
Why the Dollar Has Never Been Stronger or More Set Up to Fail ;
Bitfinex, Tether Seek Subpoenas Across US in Hunt for Missing $800M;
Bitcoin Won as Store of Value in Coronavirus Crisis — Hedge Fund CEO;
New Mining Difficulty Record Cancelled Right Before Bitcoin Halving ;
🗞 Daily Crypto Calendar, May, 2nd 💰
Bitcoin Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Bitcoin Price $9.5K Resistance Puts BTC Halving Rally in Jeopardy

Investors in Bitcoin (BTC) have seen a tremendous week, as the price of the top-ranked cryptocurrency rallied from $7,500 to $9,500. A rally of $2,000 in just a matter of a week.

Is this halving FOMO? Sustainable growth? All questions are arising in the recent movements, but overall a solid week for Bitcoin and crypto. What can the markets expect from here?

Bitcoin touches a crucial resistance level and rejects

The price of Bitcoin held the $7,600 level for support throughout the beginning of the week and momentum picked up after breaking $7,800.

🗞 Why the Dollar Has Never Been Stronger or More Set Up to Fail

In this new, multi-part documentary series, NLW is joined by more than a dozen prominent voices to tell the story of how and why, with trillions in money printing, the dollar seems like it should be getting weaker. Instead, it’s stronger than ever. What gives?

Even before COVID-19, 2020 was poised to be a big year in the battle for the future of money after 2019 featured Federal Reserve intervention in overnight lending markets; the launch of libra, backed by Facebook; an acceleration of China’s central bank digital currency; growing acceptance of bitcoin as "digital gold," and more.

Link to the podcast here

🗞 Bitfinex, Tether Seek Subpoenas Across US in Hunt for Missing $800M

The Bitfinex crypto exchange is making a new push to find and potentially recover more than $800 million in user funds seized by legal authorities in four different countries after its payment processor’s bank accounts were frozen.

iFinex Inc., Bitfinex's parent firm, applied for subpoenas in Colorado, Arizona and Georgia this month, asking federal courts to aid it in deposing banks that may have held funds for Crypto Capital, the payment processor on which Bitfinex stored customers’ and exchange funds.

An entity hoping to confirm bank records can apply for a subpoena as banks cannot usually share those documents without a court order.

🗞 Bitcoin Won as Store of Value in Coronavirus Crisis — Hedge Fund CEO

Bitcoin (BTC) has in fact functioned very well as a store of value before the coronavirus crisis, raw data suggests.

In a Twitter discussion on May 1, Travis Kling, head of crypto hedge fund Ikigai, produced fresh evidence that, despite volatility, Bitcoin has preserved its investors’ wealth.

BTC protected hodlers from “catastrophic event”

Since February, BTC/USD has delivered stable returns of 0.6%, Kling said, smoothing out any pain to “hodlers” sparked by one of the most unnerving financial implosions of recent history last month.

Signs of a gradual decoupling from market price movements further reinforce a positive outlook for Bitcoin as a long-term wealth preservation tool.

🗞 New Mining Difficulty Record Cancelled Right Before Bitcoin Halving

Four days before the next Bitcoin (BTC) mining difficulty adjustment, the previously estimated all-time high is nowhere in sight. Not only will there not be a new record, but along with the falling hashrate, the difficulty is now expected to drop.

Major Bitcoin mining pool BTC.com's latest estimation is that after two consecutive increases the difficulty will correct lower by 0.64% on May 5 to 15.86 T (11:52 UTC).

Ten days ago, it was estimated that Bitcoin difficulty adjustment, which is a measure showing how hard it is to compete for mining rewards, would reach a new all-time high during the next difficulty adjustment. As a reminder, the difficulty back on April 21 reached its biggest rise in six months, going up 8.45% to 15.96 T. Back then, the estimates were that it would rise more than 8% again to 17.29 T.

Bitcoin hashrate

🗞 Daily Crypto News, May, 2nd💰

ADAMANT Messenger (ADM)

Release of ADAMANT Exchanger v2.1.0 with support of WebSocket and Bit-Z Token (BZ).

Bitcoin Trading Update by my friend Hive account@cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

So after the very nice UP of the BTC and the touch on the diagonal resistance line, the correction started and till now we are not able again to break again the resistance line at 8900$. Let's see which line will be broken first, the resistance line at 8900$ or the support line at 8550$.

🗞 Daily Crypto News, May, 2nd

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Bitcoin Price $9.5K Resistance Puts BTC Halving Rally in Jeopardy

🗞 Why the Dollar Has Never Been Stronger or More Set Up to Fail

🗞 Bitfinex, Tether Seek Subpoenas Across US in Hunt for Missing $800M

🗞 Bitcoin Won as Store of Value in Coronavirus Crisis — Hedge Fund CEO

🗞 New Mining Difficulty Record Cancelled Right Before Bitcoin Halving

🗞 Daily Crypto News, May, 2nd💰

Bitcoin Trading Update by my friend Hive account@cryptopassion

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