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 […]
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 […]
Selling Pressure Threatens Bitcoin Support Levels Following FOMC Meeting
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 […]
First Mover Asia: Bitcoin Maintains $30K as ‘the Economy Isn’t Breaking Just Yet’
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 […]
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 […]
‘Weapon of War’ in the Ongoing Israeli-Palestinian Conflict
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 […]
What will happen to Bitcoin and Ethereum if traditional markets break?
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 […]
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 […]
Bitcoin price loses $20K as trader warns US dollar ‘not quite topped out’
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 […]