Bitcoin short-term setup is challenging, JPMorgan strategists warn
Bitcoin and the crypto market are at the beginning of a healing process, JPMorgan analysts say in a note. Go to Source Powered by WPeMatico
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Oracle Vinny Lingham Still Envisions $100K This Year if Bitcoin ‘Continues to Hold $30K’
The former CEO of Gyft and the cofounder of the project Civic, Vinny Lingham has been called an ‘oracle’ at times for correctly predicting the future price of bitcoin. On various occasions all the way back to 2016, Lingham has made correct bitcoin price calls over the years. Even though bitcoin’s price has been lower … Read more
Institutions have no appetite for Bitcoin at this price level: JPMorgan
JPMorgan does not expect a bull run for Bitcoin over the medium term based on the BTC-to-gold volatility ratio. Go to Source Powered by WPeMatico
Hodlers see opportunity in Bitcoin price crash, CoinShares exec says
Meltem Demirors believes that the current Bitcoin price drop is a correction, and it is weeding out the paper hands. Go to Source Powered by WPeMatico
Bulls aim to reclaim $40K ahead of Friday’s $520M BTC options expiry
Bulls will eliminate 99% of the bear’s protective puts if BTC trades above $40,000 on June 19. Go to Source Powered by WPeMatico
Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift
Mike Novogratz declared institutional investors are waiting for the next narrative shift in a recent interview at the Bitcoin 2021 conference in Miami. The CEO of Galaxy Digital thinks the market is now in a consolidation phase after the price crash last month. Novogratz also commented on what the rise of defi could mean for … Read more
Bitcoin Dips as Elon Musk Tweets Broken Heart Emoji
The price of the leading cryptocurrency took a hit after billionaire Elon Musk mentioned Bitcoin in a new tweet hinting at a breakup. Musk’s latest crypto post, featuring a broken heart emoji and a reference to a Linkin Park song, effectively halted this week’s market rebound. Musk Tweet Pushes Bitcoin Price Down Before the Weekend … Read more
Bitcoin declared ‘dead’ more than 400 times now
Wednesday’s market crash triggered yet another barrage of obituaries from mainstream media. Go to Source Powered by WPeMatico
Brazilians Can Now Bet on President Bolsonaro’s Reelection Bid on FTX
Crypto derivatives exchange FTX has launched a futures contract that allows Brazilian voters and traders in jurisdictions where the platform is available to bet on the outcome of Brazil’s next presidential election. With health and financial crises looming in the country, Jair Bolsonaro’s second term as head of state is far from certain. FTX Launches … Read more
While Bitcoin’s Price Slumps the Network’s Mining Difficulty Reaches a Lifetime High
After bitcoin prices took a hit following Tesla’s recent u-turn, Bitcoin’s mining difficulty jumped over 25 trillion, the highest the metric has seen during the protocol’s lifetime. The mining difficulty spike follows the recent 12% difficulty drop the network experienced two weeks ago. Bitcoin’s Mining Difficulty Jumps to 25 Trillion, Could Hit 30 Trillion in … Read more
