Bitcoin short squeeze ‘not over’ as BTC price eyes 17% weekly gains
Analysts are still confident that BTC price action can break $23,000 going into the Ethereum Merge and U.S. CPI data. Go to Source Powered by WPeMatico
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Russia Shuts Off EU Gas, Vitalik Discusses Bitcoin Security, and More — Bitcoin.com News Week in Review
Macro markets and geopolitics dominated the news this week, with Russia cutting off Europe’s gas supply, hedge funds betting against Italian debt, and the International Monetary Fund’s bailout for Zambia helping the kwacha overtake the ruble as the world’s best-performing currency. Also in this week’s news, Ethereum co-founder Vitalik Buterin discusses the crypto economy crash … Read more
Bitcoin Price Outlook for September
Almost ten days into September, market volume in bitcoin has started rising, as traders return to action following the summer break. As volume returns, so does volatility, with this week showing both high levels of bullish and bearish sentiment in the token. Looking forward to the remainder of the month, the main question is undoubtedly … Read more
Putin Threatens to Let Europe ‘Freeze’ — Russian President Warns ‘We Will Not Supply Gas, Oil, Coal, Heating Oil’
Following the discussions concerning the inter-governmental political forum Group of Seven (G7) pledging to impose price caps on crude oil and the European Commission talking about fixing electricity prices, Russian president Vladimir Putin explained on Wednesday that Russia will not supply the industrialized economic powers and the West with energy. “We will not supply gas, … Read more
What will drive crypto’s likely 2024 bull run?
Easing monetary policies, the decline of inflation, the change in Bitcoin’s mining difficulty, and growing confidence in DeFi are factors that point to a renewed surge for crypto prices. Go to Source Powered by WPeMatico
VCs pour $14.2B into crypto in H1 2022, but investments now slowing
KPMG noted that despite the expected downfall, investment figures remained well-positioned in comparison to pre-2021 figures, which highlights the growing maturity of the market. Go to Source Powered by WPeMatico
Bitcoin ‘bear flag’ breakdown targets $15K as US dollar hits 20-year high
BTC is losing its safe haven status to the dollar, with mutual funds increasing their cash holdings by $208 billion in the first half of 2022. Go to Source Powered by WPeMatico
Russia Shuts off Europe’s Main Gas Pipeline Until the West’s Sanctions Are Lifted, Iran Tempts EU With Similar Deal
Russia has seemingly drawn a line in the sand and will not turn on Europe’s main gas pipeline until the “collective West” lifts the financial sanctions against the country. The move follows the Nord Stream 1 pipeline allegedly shutting down for “maintenance,” but reports from Interfax that followed five days later indicate Moscow will not … Read more
What does the Fed’s fight against inflation mean for crypto? Macro analyst explains
Macro analyst Lyn Alden explains why the Fed’s efforts to curb inflation may take longer than expected and how they will impact the crypto markets. Go to Source Powered by WPeMatico
Rome’s Financial Volatility to Shock the Eurozone — Hedge Funds Bet $39 Billion Against Italian Debt
Hedge funds are betting against Rome’s liabilities as S&P Market Intelligence data indicates investors have amassed a $37 billion short bet against Italian debt. The hedge funds are betting large against Italian bonds and investors haven’t bet this high against Rome since 2008, as Italy faces political uncertainty, an energy crisis, and an inflation rate … Read more