‘The bond market bubble has burst’ — 5 things to know in Bitcoin this week
A time tunnel to November 2020 opens on BTC price action as the U.S. dollar lays waste to currencies and equities alike. Go to Source Powered by WPeMatico
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The biggest Bitcoin fund just hit a record -35% discount — A warning for BTC price?
Institutional interest in Grayscale Bitcoin Trust continues to dwindle 10 months into the crypto bear market. Go to Source Powered by WPeMatico
Bank of Japan Intervenes in Foreign Exchange Markets After Yen Slips to 24-Year Low
While the greenback has been rising higher, the Japanese yen tapped a 24-year low and Japan decided to intervene in foreign exchange markets (forex) for the first time since 1998. Reports say the Bank of Japan conducted the first forex intervention in 24 years, after the Japanese central bank kept its benchmark bank rate suppressed … Read more
Bitcoin, Ethereum and altcoins hold intraday gains after Fed hikes interest rates by 0.75%
In addition to a 0.75% basis point hike, the Federal Reserve also set its 2022 target interest rate at 4.4%, leading Bitcoin analysts to forecast further downside for BTC. Go to Source Powered by WPeMatico
Bank of America Market Strategist Says ‘Summer Rally Is Over’ as Crypto and Stocks Slide Ahead of Fed Rate Hike This Week
Digital currency markets, precious metals, and stocks dropped another leg down on Monday following the drop markets saw last Tuesday. Last week’s fall was one of the worst weeks in more than three months as market strategists believe a sizable Fed rate hike is coming this week. Bank of America’s analysts led by Savita Subramanian … Read more
Data challenges the DXY correlation to Bitcoin rallies and corrections ‘thesis’
Analysts and traders strongly adhere to the “Bitcoin is inversely correlated to the strength of the U.S. dollar index” thesis, but a closer look at the data suggests otherwise. Go to Source Powered by WPeMatico
Bitcoin battles whales above $22K as BTC price faces US CPI data
Bitcoin bulls are now attacking the “final” major resistance cluster below $25,000, on-chain data shows. Go to Source Powered by WPeMatico
Bitcoin hits 3-week high as trader says ‘all signs there’ to short BTC
Little faith remains in continued upside for BTC price action after a week of solid gains brings back the 100-day moving average. Go to Source Powered by WPeMatico
The Fed, the Merge and $22K BTC — 5 things to know in Bitcoin this week
A bullish weekly close sees Bitcoin tackle realized price while analysts speculate on major volatility in the coming days. Go to Source Powered by WPeMatico
Bitcoin price cracks $21K as trader says BTC buy now ‘very compelling’
Optimism increases over a macro Bitcoin bottom as daily gains top 9% for BTC/USD on the Wall Street open. Go to Source Powered by WPeMatico