The Best Source Of Crypto News
The Best Source Of Crypto News
The price of bitcoin (BTC) is modestly lower during U.S. trading hours on Friday, but at its current $26,300 is ahead about 2% from week-ago levels. The crypto began the week with sizable losses, dipping below $25,000 for the first time since mid-June over worry bankrupt crypto exchange FTX was soon to begin unloading all […]
Bitcoin has a $250,000 target for after its next block subsidy halving — but new all-time highs will come sooner. That is the latest BTC price prediction from BitQuant, the popular social media commentator who sees a rosy future for the largest cryptocurrency. BitQuant: Pre-halving all-time high will not be BTC price top In his […]
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 has encountered an unexpected surge in selling pressure following the latest release of the United States Federal Open Market Committee (FOMC) meeting minutes. While most officials agreed to maintain the current interest rates, a few suggested a slight increase of 25 basis points. Looking ahead to 2023, most of the committee expects further rate […]
Bitcoin is Comfortable at $30K Most major digital assets are beginning the East Asia trading day well into the green, as positive economic data from the U.S. buoyed markets. Bitcoin was up 1% and trading at $30,585, while ether is up 0.9% and trading at $1,874, according to CoinDesk data. Layer 2 tokens, such as […]
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 […]
Can Bitcoin become a weapon of war? First, Russia-Ukraine, and now Palestinians in the Gaza Strip are showing interest in Bitcoin and other cryptocurrencies. While the answers may become obvious, there are still some practical issues with crypto usage pre-and post-war. How does a war, whether on a state or national level, affect cryptocurrencies? Geopolitical […]
Michael J. Burry, the financial wizard who was portrayed in the movie “The Big Short”, is known for predicting crises. For instance, his investment fund made billions from the 2008 housing crash, and Burry liquidated almost his entire portfolio during the 2Q of 2022. Given that no one seems to know whether traditional markets will […]
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 […]
Bitcoin (BTC) crossed under $20,000 after the Sept. 27 Wall Street open as United States equities inched higher. U.S. dollar has room to run — trader Data from Cointelegraph Markets Pro and TradingView confirmed the $20,000 mark barely remained as tentative support on the day. BTC/USD had managed local highs of $20,344 on Bitstamp overnight […]
