Bitcoin Looks Most Oversold Since Covid Crash, Key Indicator Suggests

A technical analysis indicator shows extreme oversold conditions in bitcoin as surging bond yields weigh over risk assets, including cryptocurrencies. Bitcoin’s 14-day relative strength index (RSI) has dropped well below 30, indicating oversold conditions. The indicator has dropped to its lowest since the coronavirus-induced crash of March 2020. The RSI is a momentum indicator ranging […]

Bitcoin on-chain data shows 5 reasons why the BTC bottom could be in

After a whirlwind November for Bitcoin (BTC), certain on-chain and Bitcoin price metrics are suggesting that BTC’s bottom could occur in December. In Capriole Investments’ latest report, they provide analysis on Bitcoin finding the bottom. When taking into realized value, miner capitulation, mining electrical costs, downdraw, and record holder numbers, a BTC floor of $16,600 […]

Bitcoin and CBDC: Co-existence of private money

When I read through nChain’s recently published CBDC playbook, I stumbled on quite an interesting part. On page 8 of the document, nChain presents the basics a functioning CBDC should follow, referring to the principles laid out by the Bank of International Settlements (BIS). The BIS published an executive paper concerning CBDCs and their foundational principles as well […]