Each event decreased the cryptocurrency’s new supply rate by 50%, which was followed by notable increases in BTC price. The third halving caused the price to jump from $8,787 to as high as $66,999, a 667.50% increase. Despite the high price projections, Bitcoin can still see big corrections in the future. But not everyone thinks […]
Each event decreased the cryptocurrency’s new supply rate by 50%, which was followed by notable increases in BTC price. The third halving caused the price to jump from $8,787 to as high as $66,999, a 667.50% increase. Despite the high price projections, Bitcoin can still see big corrections in the future. But not everyone thinks […]
Bitcoin’s recent rally has finally broken through to reach widely anticipated new all-time highs. Several pieces of data point to similarities in the patterns between the two cycles. TechDev’s ambitious prediction is that a $200,000 BTC price is “programmed in.” Korean trader Mignolet is also bullish, stating in early October that the decrease of volume […]
Measured by market capitalization, digital asset values peaked at $2.007 trillion on Wednesday, according to data provided by Coingecko. A wave of institutional buying, steady accumulation by retail investors and billions in venture funding for crypto and blockchain startups have all contributed to the rally. …Read the full story
While the move higher has the mark of a trend change and has prompted some analysts to proclaim the bull market is back on track, on-chain data and the perpetual funding rates do not fully concur with this point of view. …Read the full story
A dip to $20,000 or even lower has been acknowledged as a possibility by analysts themselves. …Read the full story
So believes Filbfilb, an independent market analyst and co-founder of Decentrader trading suite. When Bitcoin consolidated between $50,000 and $60,000 in the March-May period, altcoins exploded. Filbfilb noted that altcoins have been facing a so-called “catchup risk,” hinting that even a small downside shift in the Bitcoin market could move altcoins twice lower. For instance, […]
As Cointelegraph reported, the United States has yet to respond, but should the products likewise get a debut there, the impact could be more significant, given the difference in size between the U.S. …Read the full story
The Dow Jones, for example, fell 3.5% in a day — its worst since last October. Should surprises appear, the volatility that characterized the past few days could continue. Such behavior is far from surprising, but patience is now wearing thin over knee-jerk reactions to China. “Half the Bitcoin network has now been shut down […]
The resulting volatility, while unnerving, matches behavior from previous announcements by China. …Read the full story
Securities and Exchange Commission warned investors about the risks of Bitcoin futures trading — citing market volatility, a lack of regulation and fraud. Most of the mutual fund industry, mainly the multi-billion dollar asset managers, cannot buy physical Bitcoin. However, it is possible to circumvent these limitations using exchange-traded funds , and tradeable investment trusts. […]
Among traders, talk mostly revolved around the so-called “death cross” on the BTC/USD daily and hourly charts which occurred on Friday. This refers to the 50-day moving average crossing over the 200-day moving average, and is traditionally considered to be a bad omen for price stability. A look at network fundamentals meanwhile gave additional cause […]
In turn, global stocks crashed in tandem, and Bitcoin lost half of its value in just two days. On Friday, CNBC reported that Goldman Sachs has started trading Bitcoin Futures with Galaxy Digital, a crypto merchant bank headed by former hedge fund tycoon Mike Novogratz. …Read the full story
However, as cryptocurrency markets initiated a sharp drop on May 12, the trend started to reverse, and since then, Ether has underperformed by 25%. Some might say it is a technical adjustment after a strong rally. Notice how the ETH/BTC ratio rallied again on June 8, reaching 0.77 despite Ether’s price remaining 36% below its […]
At the moment, there seems to be a general assumption that when the U.S. Meanwhile, Bitcoin dropped 8% to a $35,300 low on June 18, further reinforcing the inverse correlation thesis. Multiple forces could be behind Bitcoin’s failure to sustain a $40,000 support on June 16 and the subsequent price correction. For starters, Liu He, […]
As Edwards notes, this “Bitcoin production cost” is very rarely crossed by spot price. During that year, Bitcoin saw a run to two local peaks with a significant retracement in between. …Read the full story
