‘Cultish’ Bitcoin comments by Nobel Prize winner strike at heart of BTC
Paul Krugman’s harsh comments touched on core development issues within the Bitcoin community. Go to Source Powered by WPeMatico
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Bitcoin dominance likely to bounce back after market slump: Report
A new report from Stack Funds anticipates that Bitcoin dominance is likely to see an uptick soon, further supporting the asset’s price in the short term. Go to Source Powered by WPeMatico
Futures markets rocked as perpetual contracts traded 30%+ below index price
Price dislocations between futures and spot markets led altcoins like ETH, LTC and SUSHI to trade up to 43% below their index price in spot markets. Go to Source Powered by WPeMatico
Crypto volatility is not a ‘systemic concern’ for the Fed, say local presidents
A Federal Reserve president said he was “quite aware that crypto can be very volatile” but he personally did not see that as a concern for traditional markets. Go to Source Powered by WPeMatico
Bears, bulls, or something else altogether? Crypto experts weigh in on recent volatility
Bitcoin is “not going to bounce right back,” said Mike Novogratz right before it bounced back to the $42,000s. Go to Source Powered by WPeMatico
Bitcoin whales feast as BTC price and the wider market melt down
Panic selling crushes the entire crypto market, sending Bitcoin price to $30,000 for the first time since February, but data shows BTC whales bought the dip. Go to Source Powered by WPeMatico
3 good reasons why $30,000 is probably the bottom for Bitcoin
Regulatory concerns, a bit of FUD and the uncertainties surrounding Tether appear to have exaggerated the Bitcoin price sell-off but derivatives data suggest that the bottom is likely in. Go to Source Powered by WPeMatico
Institutional investors dump Bitcoin for gold, JPMorgan analysts say
JPMorgan still sees a $140,000 Bitcoin price as a long-term theoretical target. Go to Source Powered by WPeMatico
‘Bitcoin Is Dead’- Crypto Market Carnage Invokes Haters and BTC Obituaries
Digital currency markets have shed billions in value over the past week and during the market carnage, bitcoin haters have come out in flocks. Moreover, according to numerous crypto skeptics, bitcoin has officially died 21 times this year and this week’s downturn is sure to provide another eulogy. Bitcoin Haters Step Out to Troll Crypto … Read more
Bitcoin chart fractal notorious for 60%–70% price crashes is back — What’s next?
Bitcoin slipped below the 20-week exponential moving average for the first time since February 2020, which is a big bearish signal. Go to Source Powered by WPeMatico