Category: Bitcoin

The ghost of stock market crash is back again to haunt Bitcoin (BTC). It happened last in March 2020. Back then, the prospect of the fast-spreading coronavirus pandemic led to lockdowns across developed and emerging economies. In turn, global stocks crashed in tandem, and Bitcoin lost half of its value in just two days. Meanwhile,

Bitcoin (BTC) is an uncorrelated asset, or so the narrative used to go. For much of Bitcoin’s lifetime, it existed as something of value to a very small group of people. Now, awareness and demand are accelerating rapidly. So, what does this mean for the status of BTC as a supposedly uncorrelated asset?  That Bitcoin

Bitcoin (BTC) broke below $37,000 during trading on June 18 in the latest short-term bearish sign for hodlers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers no match for BTC bears Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it hit new local lows of $36,540 on Bitstamp.  After repeatedly testing the $37,000, the

Goldman Sachs has debuted a Bitcoin (BTC) futures trading product for its client in collaboration with crypto investment giant Galaxy Digital. According to CNBC, the move marks the first time the Wall Street bank has partnered with a digital asset-based liquidity provider. Galaxy Digital co-president Damien Vanderwilt said the company offered a gateway to the

Cryptocurrency has gone through a number of bull and bear cycles since the industry’s inception in 2009. While 2017 saw the crypto industry boom around initial coin offerings and a rising Bitcoin (BTC) price, 2020 and 2021 have seen the crypto space expand around decentralized finance (DeFi) and nonfungible tokens (NFTs). This time however, retail

On June 18, Bitcoin (BTC) and traditional markets faced another day of downward pressure comments from the United States Federal Reserve about the possibility of raising interest rates sooner than expected has led to a spike in the price of the U.S. dollar at the expense of risk assets and treasury notes.  The Fed doesn’t

Crypto investment firm Pantera Capital thinks that panic in the crypto markets following the marketwide collapse in May is waning off. Dan Morehead, chief executive of the firm, says that the markets saw a downtick primarily due to a combination of three events: news about China’s reported crackdown on digital assets, Elon Musk’s heel turn

Enterprise analytics software firm MicroStrategy plans to issue additional shares to potentially finance the purchase of more Bitcoin. According to a U.S. Securities and Exchange Commission (SEC) filing, the Michael Saylor-led firm says it will issue and sell class A common stock to raise up to $1 billion from “time to time” using the investment

On-chain analyst Will Clemente is observing a change in the habits of long-term Bitcoin holders. Clemente says that the net position change of long-term Bitcoin investors is now in positive territory, indicating that the number of BTC being ‘hodl’d’ is increasing.   “HODLer Net Position Change has flipped green for the first time since October.”

Global macro strategist at Fidelity Investments, Jurrien Timmer, is updating his outlook on Bitcoin’s trajectory after previously calling for a $23,000 bottom. Timmer first made the $23,000 call on June 1st. His prediction was based on the Elliot Waves Theory, a technical analysis method that forecasts price fluctuations by mapping out repeating patterns of waves.