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Cryptocurrency bull market cycle may be shorter than previous cycles, according to 10x Research According to BlockBeats, 10x Research expressed on the X platform on May 8 that the current cryptocurrency bull market cycle may be shorter than previous ones. It is unlikely to culminate in a broad altcoin recovery, despite daily trading volumes reaching more than $100 billion. While cryptocurrency projects are rapidly evolving and rejuvenating, the growth potential of this industry is still significantly limited.
Ethereum shows signs of recovery after failing to break $4,000 resistance Ethereum price is showing signs of recovery after failing to break the $4,000 resistance level. The cryptocurrency made lower highs and lower lows within a bearish channel, but has now moved back above the $3,000 level and the center line of the channel. If the market succeeds in recovering back to these levels, a breakout above the channel and continuing towards $4,000 and even higher prices can be expected. #Ethereum✅ $ETH #eth
Possible Bitcoin rally in May: factors and indicators According to CryptoPotato, the price of Bitcoin, which recently fell, has begun to recover, sparking speculation about a possible rally in May. Despite a promising start to the year and rising to an all-time high in March, Bitcoin's advance stalled in April. The primary cryptocurrency started May on a shaky note, falling to $56,800, the lowest level in nearly two months. However, the last few days have been a bit more optimistic, as Bitcoin regained some lost ground and briefly rose towards the $60,000 mark. $BTC #BTC🌪️ #bitcoin
Tesla announced that it will now accept Dogecoin as payment for some of its products. Products eligible for payment with Dogecoin will display a Dogecoin symbol next to the order button, the company stated on its website. To make a purchase, buyers simply need to transfer Dogecoin to Tesla's Dogecoin wallet and make payment. This move represents an important step in the adoption of cryptocurrencies in mainstream commerce.