Day: October 5, 2022

BTC to outperform ‘most major assets’ in H2 2022 — Bloomberg analyst

Luke Huigsloot

Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, stated October has historically been the best month for Bitcoin (BTC) since 2014, averaging gains of about 20% for the month, and that commodities appearing to peak could imply that Bitcoin has reached its bottom. In an Oct. 5 Bloomberg Crypto Outlook report, McGlone says while the rise of interest rates globally is putting downwards pressure on most assets, Bitcoin is gaining the upper hand when compared with commodities and tech stocks like Tesla, with the report noting: “When the ebbing economic tide…

Fresh off $46m Fund Raise, N3TWORK Studios Unveils Web3 RPG Legendary: Heroes Unchained | News

Anthony B

SAN FRANCISCO–(BUSINESS WIRE)–Oct 5, 2022– Fresh off the announcement of a $46M funding round, Web3 games company N3TWORK Studios has unveiled RPG hero collector Legendary: Heroes Unchained (LHU). Composed of a team of industry veterans who’ve made games at EA, Double Fine, Disney, Marvel, Zynga, Activision and more, N3TWORK Studios is bringing their expertise in making deep, social, hero collecting games to the blockchain. This new entry into the smash hit Legendary universe will take familiar heroes and gorgeous art from the world of Korelis and use it to redefine…

Decentralized Exchange Token GMX Surges Amid Binance, FTX Listings

Anthony B

GMX jumped to as high as $60 from around $40, data on crypto price tracker CoinGecko shows, the highest since January, when the price hit $62. The token has since pared some of its gains, changing hands at $48 at press time. Trading volume exploded, reaching $150 million in the last 24 hours, almost 20 times larger than the previous day, CoinGecko data shows. Author: Krisztian Sandor Source link

Bitcoin still has $14K target, warns trader as DXY due ‘parabola’ break

William Suberg

Bitcoin (BTC) held $20,000 into Oct. 5 with trader targets still including a fresh high before rejection. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $21,000 upside target to precede new lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $20,470 on Bitstamp overnight before returning lower. The pair succeeded in maintaining the 2017 old all-time high as support, something on-chain analytics resource Material Indicators had hoped would endure as a positive sign. “BTC is still in a congested range,” it summarized in comments the day prior. “The retest…