Daily closes above $30,000 could be a sign that BTC price is ready to consolidate, but traders warn against “generational bottoms” and “V-shaped” recoveries. Source: https://cointelegraph.com/news/bitcoin-price-could-bounce-to-35k-but-analysts-say-don-t-expect-a-v-shaped-recovery

Traders identify key support and resistance levels that Ethereum must hold as ETH price trades at levels not seen since July 2021. Source: https://cointelegraph.com/news/analysts-say-ethereum-price-must-hold-this-key-level-to-avoid-a-capitulation-level-move

In the face of extreme fear in the Bitcoin market, miners are unfazed and may even welcome a downturn as it opens up the opportunity to gain more hash …

Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits. Source: https://cointelegraph.com/news/environmental-groups-urge-us-government-to-take-action-on-crypto-miners

Fear dominates the crypto market as BTC price trades near $30,000, but data suggests whales and momentum traders could be interested in accumulating in this zone. Source: https://cointelegraph.com/news/bitcoin-retests-key-30k-support-zone-as-data-highlights-btc-whale-accumulation

A popular investing strategy for long-term crypto investors, staking pools promise a regular income stream for the tokens staked with certain riders. Source: https://cointelegraph.com/explained/understanding-staking-pools-the-pros-and-cons-of-staking-cryptocurrency

Source: https://cointelegraph.com/magazine/2022/05/07/us-fed-hikes-rates-bitcoin-plunges-below-36k-argentina-central-bank-says-no-financial-institutions-offering-crypto-may-1-7

Weak retail demand and bearish derivatives data reflect a dismal short-term outlook for the crypto market. Source: https://cointelegraph.com/news/any-dip-buyers-left-bulls-are-largely-absent-as-the-total-crypto-market-cap-drops-to-1-65t

Catch up on the latest funding and partnership news about GameFi and Web3 gaming. This week Cointelegraph covers LootRush, Axie Infinity and Polygon Studios. Source: https://cointelegraph.com/news/gamefi-news-tilting-point-partners-with-polygon-studios-and-lootrush-raises-12m

Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consumption. Source: https://cointelegraph.com/news/kazakhstan-ramps-up-power-consumption-reporting-requirements-for-crypto-miners