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Wall Street Analyst: Bitcoin's Resilience Amidst Sell-Off and Potential Outperformance in Recessionary Environment
23.8.2023
In a recent analyst note by Mike Colonnese, CFA, the focus shifts to the recent developments in the Bitcoin (BTC) market and its implications for the future.
The study details BTC's reactions to significant sell-offs, the reasons behind the previous week's sharp decline, and prospects for BTC in...
Higher Bond Yields Contribute to Bitcoin's Extended Losses
23.8.2023
Bitcoin losses continued today as bond yields continued to rise, causing concern for investors. This downturn has seen the leading digital currency dip below its two-month low of $26,000 for a loss of 0.74% over the past 24 hours.
The drop in Bitcoin's price comes after a challenging week for...
Against All Odds: Solo Miner Claims $160,000 Bitcoin Block Reward – Here's What Happened
22.8.2023
On August 18, an unexpected event in the Bitcoin mining space took everyone by surprise. A lone miner, not backed by massive computational power, claimed the full reward of 6.25 Bitcoin for solving block 803,821.
In simple terms, the miner earned about $160,000, minus a 2% fee retained by...
Bitcoin Price Prediction as BTC Bounces From $26,000 Support – Here are Key Levels to Watch
22.8.2023
As the cryptocurrency market remains dynamic, the focus shifts once again to Bitcoin's price movement.
Following a recent dip that saw Bitcoin briefly touch the $26,000 support level, market observers and investors are keen to assess the potential direction of the world's leading cryptocurrency. ...
Bitcoin Developers Allege Craig Wright’s ‘Bogus’ Claims May Lead To An Admission In The Collapse Of Mt. Gox
22.8.2023
Defense attorneys for 12 Bitcoin (BTC) core developers in the lawsuit filed by Craig Wright say the false ownership claims to Bitcoin can expose him to liabilities relating to the 80,000 stolen Bitcoin from Mt. Gox.
Craig Wright claims he is the mysterious Satoshi Nakamoto and filed a lawsuit...
Three Compelling Reasons Why a Spot Bitcoin (BTC) ETF Approval Really Matters, According to Bitwise
22.8.2023
There are three compelling reasons why a spot Bitcoin Exchange Traded Fund (ETF) approval really matters, crypto index fund manager Bitwise argued in a recently shared threat on Twitter.
“Approval would make it vastly easier for investment professionals to gain exposure to bitcoin,” Bitwise...
Bitcoin Price Prediction as BTC Falls to $26,000 Support Level – Dip-Buying Opportunity?
22.8.2023
In the ever-evolving landscape of cryptocurrency, the price of Bitcoin price currently hovers at $26,051, experiencing a marginal decrease of 0.25% on Tuesday.
While market dynamics remain fluid, recent developments and factors have caught the attention of both investors and enthusiasts. ...
Senator Lummis Appeals for SEC-Coinbase Dispute Resolution; Bitcoin and InQubeta Believers Hold Strong
21.8.2023
It’s no surprise that regulatory challenges have often served as roadblocks to the growth of crypto platforms and DeFi companies. The most recent face-off between the SEC and renowned crypto exchange Coinbase has sent ripples across the financial landscape. As the SEC alleges unlawful activities...
Bitcoin Bears Eye Retest of Key $25,000 Support – How Far Might the BTC Price Fall?
21.8.2023
After last week’s sharp 10.5% decline, which marked Bitcoin (BTC)’s worst weekly performance so far this year, the BTC price has largely settled on Monday.
Bitcoin was last moving sideways within thin ranges on either side of $26,000 as traders look ahead to the upcoming week....
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Bitcoin Price Prediction: Dollar Instability, De-Dollarization Effects, China's Concerns
21.8.2023
The BTC/USD is currently experiencing a decline of 0.25%, with its trading price at $26,025. Amidst the backdrop of dollar instability, there arise significant challenges to the ongoing efforts of de-dollarization, ultimately posing potential ramifications for Bitcoin's prices.
Furthermore...
China's Deflationary Woes and the Ripple Effect on Bitcoin
20.8.2023
China's economy slipping into deflation for the first time in more than two years might have negative near-term impacts on Bitcoin (BTC).
In the latest episode of Macro Markets, analyst Marcel Pechman argued that deflation in China, which economists believe is an issue, would leave short...
Bitcoin Price Prediction as BTC Bounces Off $25,000 Support – Here are Key Levels to Watch
20.8.2023
In the dynamic realm of cryptocurrency, Bitcoin (BTC) continues to capture attention as it showcases a rise of over 0.50%, reaching $26,133 on Sunday. Notably, the support at $26,000 appears to have effectively prevented further losses for the cryptocurrency.
Furthermore, the prominent entity...
Bitcoin Price Prediction as Crypto Prices Crash – Will BTC Keep Falling?
19.8.2023
The volatile world of cryptocurrency has once again captured global attention, with prices experiencing a sharp downturn. As Bitcoin, the leading digital currency, faces a significant price drop, many are left speculating on its future trajectory. ...
Read More: Bitcoin Price Prediction as Crypto...
Pro: Evergrande Group chapter 15 'indirectly influenced Bitcoin sentiment'
19.8.2023
In a surprising turn of events, the recent developments surrounding the Evergrande Group's Chapter 15 filing have reverberated beyond traditional finance, indirectly influencing the sentiment around Bitcoin (BTC) and the cryptocurrency market.
Around 9:35 pm UTC on August 17, the price of Bitcoin...
Bitcoin Price Prediction as Tether Discontinues USDT Support on BTC Blockchain – Will Crypto Prices Keep Falling?
18.8.2023
Bitcoin (BTC), the largest cryptocurrency globally, has experienced a downward trajectory in recent months, with its price sliding from $28,000 to approximately $26,220 today.
This decline can be attributed in part to Tether's recent move. Tether, the leading stablecoin, decided to stop...
Bitcoin Price Prediction: BTC's 11% Drop Amid Market Dynamics and Key Events
18.8.2023
Amidst a volatile landscape, the cryptocurrency market has witnessed Bitcoin, currently trading at $26,423, experiencing a significant decrease of nearly 11% in the last seven days.
This decline unfolds against the backdrop of notable events and developments that continue to shape the crypto...
Bitcoin Price Prediction as Fundstrat's Tom Lee Says BTC Could Reach $180,000 Next Year – Time to Buy the Dip?
17.8.2023
Amidst the fluctuating cryptocurrency markets, Bitcoin's future value remains a topic of fervent discussion.
Recently, Fundstrat's Tom Lee has projected that BTC could soar to a staggering $180,000 by next year.
This prediction has left many wondering if now is the opportune moment to invest...
Kaiko Research: Bitcoin and Ethereum Are Now Less Volatile Than Ethereum Amid Dwindling Liquidity
17.8.2023
Bitcoin (BTC) and Ethereum (ETH) are now slightly less volatile than oil as both assets continue to trade sideways this summer.
According to new research from Kaiko, the notorious trend of cryptocurrency volatility has taken a sharp decline due to several factors ranging from government policies...
Kaiko Research: Bitcoin and Ethereum Are Now Less Volatile Than Oil Amid Dwindling Liquidity
17.8.2023
Bitcoin (BTC) and Ethereum (ETH) are now slightly less volatile than oil as both assets continue to trade sideways this summer.
According to new research from Kaiko, the notorious trend of cryptocurrency volatility has taken a sharp decline due to several factors ranging from government policies...
Bitcoin’s resilience: Insights into its price action and future
17.8.2023
In the ever-evolving landscape of cryptocurrencies, the second quarter of 2023 has emerged as a defining period for digital gold: Bitcoin. The data paints a vivid picture of Bitcoin’s triumphant ascent, with its price surging by an impressive 85% year-to-date (YTD). This surge not only...