Fidelity exec says Bitcoin is ‘technically oversold,’ making $40K a ‘pivotal support’
3 key Bitcoin price indicators suggest that the $40,000 level will hold as support throughout 2022. Go to Source Powered by WPeMatico
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Bitcoin shoots to $44,000 as US inflation hits 7% in December
United States Consumer Price Index data shows that inflation hit 7% in December 2021, climbing 0.5% month over month. Bitcoin almost reached $44,000 upon the news. Go to Source Powered by WPeMatico
Was $39,650 the bottom? Bitcoin bulls and bears debate the future of BTC price
BTC bulls seem to believe the bounce off $39,650 marked the bottom, but bears warn that a looming death cross on the daily chart is a sign of further downside. Go to Source Powered by WPeMatico
Wall Street still not convinced on Bitcoin $100K this year: JPMorgan survey
JPMorgan and Chase call for calm in the crypto market. In a recent client survey, just 5% believe Bitcoin will hit $100,000 by year-end. Go to Source Powered by WPeMatico
Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022
BTC’s abrupt drop to $39,650 came after the Federal Reserve floated the prospect of a fourth rate hike in 2022. Go to Source Powered by WPeMatico
Single inactive volcano has 90% chance of powering El Salvador’s Bitcoin City, according to president
According to Nayib Bukele, should the power consumption of the country’s planned Bitcoin City exceed the volcano’s capacity, geothermal energy can be sourced from other sites. Go to Source Powered by WPeMatico
Bitfarms purchased more than $43M in Bitcoin to start the new year
“Our guiding company strategy at Bitfarms is to accumulate the most Bitcoin for the lowest cost and in the fastest amount of time for the benefit of our shareholders,” said founder and CEO Emiliano Grodzki. Go to Source Powered by WPeMatico
These 3 cryptocurrencies are taking an even bigger hit during Bitcoin’s price slump
Bitcoin’s drop in the first ten days of 2022 is still less disappointing than some of its top crypto rivals that have fallen much harder. Go to Source Powered by WPeMatico
Billionaire investor Bill Miller puts 50% of net worth in Bitcoin
Investor Bill Miller is betting big on Bitcoin, allocating 50% of his personal net worth to BTC and related equity. Go to Source Powered by WPeMatico
Bitcoin crash ahead? Expert warns higher inflation could whip BTC price to $30K
The warning appears against the U.S. Federal Reserve’s intention to tighten its asset purchasing program rapidly, followed by three rate hikes in 2022. Go to Source Powered by WPeMatico