What Paul Krugman gets wrong about crypto
[Dec 8, 2022 5:57 PM] Cryptocurrency has evolved over the last decade, but Krugman is still hung up on Bitcoin's 2008 white paper.
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Bitcoin Consolidation At $17K Could Be A Calm Before The Storm
[Dec 8, 2022 5:00 PM] Bitcoin and crypto market twist has brought unexpected changes to almost all assets. Prices have been declining with little or no hope for a reversal. The FTX exchange fiasco intensified the performance as several losses have been recorded in the…
Is Bitcoin Bottom In? This On-Chain Condition Hasn’t Been Met Yet
Bitcoin Price Prediction: What Elliott Wave Theory Suggests Is Next For BTC
[Dec 8, 2022 11:25 AM] Any Bitcoin price prediction is just a guess without a basis to make the forecast. The stock-to-flow model that was once the most cited reason for expectations of higher prices has failed, leaving technical analysis, on-chain signals, and…
Major Grayscale digital currency funds are trading at 34% to 69% discount to NAV
[Dec 8, 2022 11:17 AM] The firm manages more than $14.7 billion in digital assets through its OTC investment vehicles.
Biggest Movers: LTC, ATOM Extend Declines, Hitting 10-Day Lows
[Dec 8, 2022 11:04 AM] Litecoin fell for a third consecutive session on Thursday, as the token continued to move away from recent highs. Cryptocurrencies have been mostly lower in recent days, as traders continue to fear a global recession. Cosmos also remained in the…
Bitcoin Whales Dump 20,000 BTC On The Market, Sell Side Strengthens
[Dec 8, 2022 11:00 AM] The Bitcoin price action remains stalled as the cryptocurrency moves in a tight range; uncertainty is king in the current environment. Market participants are more optimistic after BTC climbed 12% from the yearly lows, but the possibility of a…
Bitcoin takes liquidity near $17K as US dollar shows weakness pre-CPI
[Dec 8, 2022 9:27 AM] BTC price action targets $17,000 amid gently increasing volatility, with a week to go until U.S. inflation data.
Bitcoin, Ethereum Technical Analysis: BTC Nears 10-Day Low, as Bears Regain Market Sentiment
[Dec 8, 2022 8:06 AM] Bitcoin continued to slip on Thursday, with the coin remaining close to its lowest level since the end of November. Momentum in cryptocurrency markets has shifted in recent days, with sentiment currently bearish. Ethereum was also lower, with the…
‘Wolf Of Wall Street’ Advises Crypto Investors To Hang On To Bitcoin And Ethereum
[Dec 8, 2022 7:07 AM] The year 2022 has been a very rough one for Bitcoin and the general crypto market. In the initial 11 months of the year, BTC declined by about 65%. Then, when it appeared that BTC gained stability at the $20K price mark, the FTX contagion broke…
Cryptocurrency market is 'most mature' in these 2 countries, new Huobi report reveals
[Dec 8, 2022 6:45 AM] The United States and Vietnam score the best on "crypto maturity" in 2022, a new report determines.
GBTC 'elevator to hell' sees Bitcoin spot price approach 100% premium
[Dec 8, 2022 3:13 AM] Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time.
Bitcoin Price Could Avoid Another Downtrend if it Closes Above One Key Level
[Dec 7, 2022 9:08 PM] Bitcoin price extended its decline below the $17,000 level. BTC could avoid a major drop if it closes above the $17,000 resistance zone. Bitcoin remained in a bearish zone and traded below the $17,000 support. The price is trading below $17,000 and…
Bitcoin Holders Show Rapid New Accumulation For First Time This Bear, Bottom Signal?
[Dec 7, 2022 6:00 PM] On-chain data shows Bitcoin holders have done some rapid fresh accumulation recently, something that may lead to bottom formation for the cycle. Bitcoin 1w-1m Realized Cap UTXO Age Bands Have Sharply Gone Up As pointed out by an analyst in a…
Bitcoin Bullish Signal: Exchange Whale Ratio Sharply Declines
[Dec 7, 2022 3:00 PM] On-chain data shows the Bitcoin exchange whale ratio has sharply declined recently, a sign that may prove to be bullish for the price of the crypto. Bitcoin 7-Day MA Exchange Whale Ratio Has Rapidly Gone Down Recently As pointed out by an analyst…
Price analysis 12/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
[Dec 7, 2022 2:15 PM] The current weakness in BTC and major altcoins shows that investor sentiment remains negative and that bears are active at higher levels.
Bitcoin Miners Feel The Heat, More Selling Pressure Might Be Imminent
[Dec 7, 2022 10:08 AM] Bitcoin is still stuck in a tight range as market sentiment declines from optimistic to bearish and market participants brace for a possible impact. The cryptocurrency was thriving on the possibility of a positive change in the macroeconomic…
Bitcoin Dominance Has Remained Under 40% for More Than 3 Consecutive Months
[Dec 7, 2022 9:00 AM] Over the last 100 days or roughly three months, bitcoin’s market dominance among 21,958 different crypto assets worth roughly $850 billion has been under 40%. Bitcoin dominance has been under 40% since Aug. 27, 2022, with a brief instance of…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate as USD Strengthens
[Dec 7, 2022 8:15 AM] Bitcoin was consolidating on Wednesday, as the U.S. dollar continued to strengthen versus several G7 currencies. A strong dollar means demand for cryptocurrencies typically plummets, with the global market cap trading in the red as of writing…
Continued Upswing Of VIX Signals Doom For Bitcoin; But Friday Will Be Crucial
[Dec 7, 2022 5:47 AM] As NewsBTC reported, the VIX experienced a trend reversal last Friday which could be significant for Bitcoin as well. The VIX volatility index shows traders the expected range of fluctuation of the S&P 500. Remarkably, there is an inverse…
BTC price hits new December low as Bitcoin dips 2% with Asia stocks
[Dec 7, 2022 5:36 AM] Bitcoin fails to hold $17,000 as BTC price correlation with Asia stocks stands out on the day.
Ledger Reveals New Crypto Hardware Wallet Designed by iPod Creator Tony Fadell
[Dec 7, 2022 3:30 AM] On Tuesday, the hardware wallet manufacturer Ledger announced the launch of a new device called Ledger Stax. The machine was designed by iPod creator, Tony Fadell, and the France-based firm Ledger says the new device was built with…
Bitcoin Price Consolidates Near $17K: What Could Trigger A Fresh Increase
[Dec 6, 2022 9:46 PM] Bitcoin price started a downside correction from the $17,500 resistance. BTC is trading above the $16,800 support and might start a fresh increase. Bitcoin tested the $16,800 support zone and traded as low as $16,888. The price is trading near…
Crypto will be regulated as securities — ICE boss and Senator Warren
[Dec 6, 2022 8:38 PM] Senator Elizabeth Warren’s bill seeks to hand control to the SEC, imposing new obligations on centralized crypto firms, something Jeffrey Sprecher thinks will be good for crypto.
Bitcoin Investor Cohorts Now Have Close Cost-Basis, What Does It Say About Market?
[Dec 6, 2022 6:00 PM] Data shows the different Bitcoin investor cohorts now have their cost-basis packed together in a tight range. Here’s what this may tell us about the current market. All Bitcoin Investor Groups Have Cost-Basis Between $18.7k And $22.9k…
Bitcoin Fundamental Expert Breaks Down Why The Bottom Is In
[Dec 6, 2022 4:41 PM] Calling the bottom in Bitcoin is no easy task. Prices tend to fall more dramatically and faster than anyone is prepared for and is the investing equivalent of catching a falling knife. Yet if anyone is equipped to accurately call the bottom in…
This Analyst Thinks Bitcoin Will Hit $5,000 in 2023, Any Possibility?
[Dec 6, 2022 4:00 PM] Since the first few months of 2022, Bitcoin and crypto space has maintained a bearish trend, though there were a few spikes to recall. Several markets, including the stock markets, are still facing a crisis. Unfortunately, there are no signs of a…
Glassnode: Bitcoin Holders Realized 14x More Losses Than Profits Recently
[Dec 6, 2022 3:00 PM] Data from Glassnode reveals Bitcoin holders realized 14 times more losses than profits in recent weeks. Bitcoin 7-Day MA Realized Profit/Loss Ratio Sets New All-Time Low As per the latest weekly report from Glassnode, the realized profit/loss ratio…
Santa Came Early In Crypto? Bitcoin Rally May Have Passed
[Dec 6, 2022 9:05 AM] Bitcoin saw positive price action recently but failed to follow through and could remain rangebound for December. The cryptocurrency rose from a new yearly low at $15,500, and market participants were expecting further profits, but the market has…
Bitcoin clings to $17K as ARK flags 'historically significant capitulation'
[Dec 6, 2022 9:03 AM] BTC price action is suffering from FTX, but decentralized blockchains are "as strong as ever," says ARK Invest.