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‘Best bear market ever’ — 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week with a decidedly bearish move — but one which fails to shake investor confidence in the bull run. A mixed weekend saw BTC/USD close above $47,000, only to lose all of its previous gains to challenge $45,000 support hours later. It’s a delicate situation — not just Bitcoin, but stocks and sentiment are taking a beating as the Evergrande implosion in China unravels. What could affect the cryptocurrency market? As analysts expect a “choppy” week for BTC price action, Cointelegraph takes a look at five factors worth considering when charting where Bitcoin might be headed in the short term. El Salvador “buys the dip” Bitcoin spot price action is hardly inspiring for traders as the week begins. A reversal of previous strength on...
Ed Sheeran Debuts at No. 1 In U.K. With ‘Shivers’
It’s not the first time Sheeran has knocked one of his own tracks from the summit. The first time he did it was in January 2018, when Eminem’s “River,” on which he featured, replaced his solo release “Perfect.” Elsewhere on the chart, Elton John and Dua Lipa’s Cold Heart” (Pnau Remix) (via EMI) vaults 11-4, for Lipa’s eighth Top 5 single, and Elton John’s 21st. Meanwhile, Central Cee completes the Top 5 with “Obsessed With You” (Central Cee), new at No. 5. The track samples Pinkpantheress’ “Just For Me” (Parlophone), currently No. 43 on the chart, and becomes the West London rapper highest-charting single. Over on the albums chart race, Manic Street Preachers hold on for a second No. 1 with The Ultra Vivid Lament (Universal), their 14th studio album. The Welsh rockers’ latest LP captu...
2021 Emmy Awards: Complete Winners List
Here’s a complete list of winners. The categories are listed in alphabetical order. Outstanding comedy series black-ish, ABCCobra Kai, NetflixEmily in Paris, NetflixThe Flight Attendant, HBO MaxHacks, HBO MaxThe Kominsky Method, NetflixPen15, HuluTed Lasso, Apple TV+ — WINNER Outstanding competition program The Amazing Race, CBSNailed It!, NetflixRuPaul’s Drag Race, VH1 — WINNERTop Chef, BravoThe Voice, NBC Outstanding directing for a comedy series James Burros, B PositiveSusanna Fogel, The Flight AttendantLucia Aniello, Hacks — WINNERJames Widdoes, MomZach Braff, Ted LassoMJ Delaney, Ted LassoDeclan Lowney, Ted Lasso Outstanding directing for a drama series Julie Anne Robinson, Bridgerton, “Diamond Of The First Water”Benjamin Caron, The Crown, &#...
Ed Sheeran Logs Record-Breaking Year Atop U.K. Chart
With his latest feat, Sheeran becomes the first British solo artist to reign over the chart for a full year across his catalog. In the 69 years since the launch of the Official U.K. chart, just Elvis Presley (80 weeks) and The Beatles (69) have spent more time at the top. Of Sheeran’s songs, 2017’s “Shape of You,” the most streamed song on Spotify, has enjoyed the longest stay at the summit, at 14 weeks, while “Bad Habits” ruled for 11 weeks. Other solo artists in the same ballpark as Sheeran include Englishman Cliff Richard (46 weeks at No. 1), Canadian singer Justin Bieber (38 weeks), Scottish EDM star Calvin Harris and Canadian rapper Drake (31 weeks), and the veteran U.S. pop star Madonna (29 weeks), the OCC reports. You Deserve to Make Money Even When you are looking for D...
Emmys 2021: Facts & Feats
RuPaul became the person of color with the most career Emmys. He won his 11th Emmy for outstanding competition program as an executive producer of RuPaul’s Drag Race (VH1). RuPaul pulled ahead of Donald A. Morgan, a cinematographer and lighting director, who has won 10 Emmys. This is the fourth consecutive win for outstanding competition program for RuPaul’s Drag Race, which puts it in a tie with The Voice (NBC) for second place on the all-time winners list in this category, behind only The Amazing Race (CBS), which won 10 times. ‘Hamilton’ won outstanding variety special (pre-recorded), five years after it swept the Tonys. The show won one other Emmy — outstanding technical direction, camerawork, video control for a special, at last weekend’s Creative Arts Emmys. The show won ...
Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250-$350K in 2021
Bitcoin (BTC) has the potential to push its prices to between $250,000 and $350,000 by the end of 2021, a long-standing fractal suggests. First spotted by pseudonymous analyst Bit Harington, the bullish setup drew its inspirations from Bitcoin’s secular bull runs every time after halvings when the miner block reward gets cut in half. Analysts perceive the halving as a bullish event, which reduced the supply of newly mined BTC. Harington reminded that Bitcoin’s prices surged by more than 600% after the first two halving events in 2012 and 2016 when measured from a so-called resistance/support (R/S) line, as shown in the chart below. Bitcoin price performance after the first two halving events. Source: BuyBitcoinWorldWide, PlanB, and Bit Harington The line represe...
Top 5 cryptocurrencies to watch this week: BTC, DOT, LUNA, ATOM, FTT
Bitcoin (BTC) and most major altcoins have been consolidating in the past few days as investors await a trigger to start the next directional move. Some believe that the rising inflation in the U.S. could prove to be bullish for Bitcoin. In a note to clients, Anthony “Pomp” Pompliano said that the only way to protect oneself in the current environment is to invest either in “equities, real estate, crypto, etc.” Crypto market data daily view. Source: Coin360 Bitcoin’s market dominance recovered from about 40.66% on Sept. 12 to 43.75% on Sept. 18, indicating that traders may be booking profits in altcoins and buying Bitcoin. The outcome of the two-day FOMC meeting next week could act as a trigger to determine the next directional move in Bitcoin. Let’s study the charts of the top...
Here’s why Bitcoin might be safe from a global stock market crisis
One of the reasons behind Bitcoin’s (BTC) volatility, the substantial price oscillations that occur regularly, is the discrepancy of its use cases. Some pundits deem it “digital gold,” a truly scarce and perfect store of value (SoV). Others consider Bitcoin a technology project or a type of software with a corresponding network. El Salvador’s adoption as legal tender will likely evidence the means of exchange (MoE) functionality that the Lightning Network provides. The Layer-2 scaling solution allows instant and insanely cheap transfers, although it requires regular on-chain transactions to enter or exit this parallel network. As these narratives about Bitcoin shift over time, so does BTC’s correlation to traditional assets. For example, there have been sustai...
Ethereum killers or just pretenders? But Ether remains king for now
The term “Ethereum killer” is beginning to pick up the pace once again in the cryptocurrency markets as the native tokens of several competing blockchain networks are posting significant gains during September. For any alternative network to be considered as a part of this category, it needs to have one essential feature that serves as the backbone of the Ethereum network: smart contracts. Keeping this in mind, the most prominent blockchain networks by market capitalization that usually come under this purview are Cardano (ADA), Solana (SOL), Binance Smart Chain (BSC), Polkadot (DOT), and Terra(LUNA). The native tokens of these networks have been on an absolute tear this year. Most recently, Solana (SOL) has been in the spotlight after the bulls carrying its rally continued even in the fac...
BTC price falls back to $47K as weekly close neatly tracks Bitcoin futures gap
Bitcoin (BTC) retested $47,000 on Sept. 19 as the weekly close looked set to hinge on the CME futures gap. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin comes full circle after erasing gains Data from Cointelegraph Markets Pro and TradingView showed mixed signals from BTC/USD as the week drew to a close. Saturday had seen a stronger rally from the pair, which subsequently gave way to ranging behavior amid an absence of clear direction. “Happens quite often in the markets,” Cointelegraph contributor Michaël van de Poppe explained. “Slight rally on Saturday for Bitcoin, coming back down to CME close on Sunday. CME closed at $47,490 on Friday, seems to be that we’re going to open there too later today.” The Bitcoin futures closing price...
Bitcoin-based security token offering approved in Germany
German financial regulators have approved a security token offering (STO) based on a Bitcoin (BTC) sidechain. Germany’s Federal Financial Supervisory Authority (BaFin) has greenlighted the EXOeu token by game publisher Exordium, making local retail investors eligible to participate in the sale on Stokr, a major European digital marketplace. German investors can invest in EXOeu via Stokr with a minimum investment amount of $100. EXOeu is the second STO ever approved for the German market on Stokr after BaFin approved an STO by parking network ParkinGO last year. Launched in January 2021, the EXOeu security token is raising funds for the development of Samson Mow’s sci-fi MMO game Infinite Fleet. The offering has been available for investors in other European countries lik France, Luxem...
NFT gaming company Animoca Brands acquires majority stake in Bondly
Animoca Brands, a nonfungible token (NFT) game developer, has announced a substantial investment in the NFT platform Bondly. According to a release issued on Friday, Animoca will own a majority stake in Bondly following the investment. Commenting on the rationale behind its investment in Bondly, Animoca chairman and co-founder Yat Siu told Cointelegraph: “We acquired a majority stake in Bondly because it will significantly assist us to drive true digital ownership via NFTs, and we see this as crucial to the future of gaming and the emergence of the open metaverse.” As part of the investment, Bondly’s NFT technology, including launchpad and cross-chain bridges, will be incorporated into Animoca’s gaming products. Per the announcement, Animoca is looking to utilize Bondly’s suite of NFT tech...
