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Bitmex cofounder and former CEO Arthur Hayes has predicted cryptocurrency prices will rise under both the Donald Trump and Kamala Harris administrations due to increased money printing. He added that bitcoin’s price could soar to “hundreds of thousands of dollars, maybe $1 million.” Arthur Hayes Predicts Aggressive Financial Measures and Soaring Crypto Prices Arthur Hayes, … Read more
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers or hostile takeover of rivals. Others have … Read more
On-chain activity suggests that Bitcoin whales have been accumulating over the past month amid a market slump. Go to Source
Traders say Bitcoin presents the “best buying opportunity” after BTC’s price rebounds toward the $57,000 level. Go to Source
Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility. Go to Source
Bitcoin declined by a very similar amount following the halving in 2016 and before the 2017 bull run. Go to Source
The chief investment officer at asset management firm Bitwise has addressed the current market downturn, drawing parallels with the market crash on March 12, 2020, when the Covid-19 pandemic caused global panic. “People smash the sell button for liquid assets during broad-based panics. But from my seat, today’s events play into the long-term story for … Read more
As of 9 a.m. EDT on Monday, the crypto market experienced a $1.15 billion loss in derivatives positions, with $975.93 million of these being long positions. Of that total, approximately $403.82 million came from BTC positions, while $364.98 million resulted from ETH positions being liquidated. Mass Liquidation Madness On Monday morning, the crypto market faced … Read more
Bitcoin could experience another two months of downside pressure before a bullish chart pattern could lead to a breakout. Go to Source
Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations. Go to Source