Bitcoin / 629 posts found
Three Arrows Co-Founder Su Zhu Admits His Bitcoin Supercycle Price Thesis Was Regrettably Wrong
Bitcoin Summary: Su Zhu has admitted via Twitter that his Bitcoin supercycle thesis ‘was regrettably wrong.’ Mr. Zhu’s Bitcoin supercycle thesis had forecasted that BTC could reach $2.5 million if it took a large portion of Gold’s market share. The co-founder of Three Arrows Capital, Su Zhu, has admitted via Twitter that his Bitcoin supercycle price thesis was regrettably wrong. In the tweet that can be found below, Mr. Zhu went on to express optimism that the crypto industry will still ‘thrive and change the world every day.’ Supercycle price thesis was regrettably wrong, but crypto will still thrive and […]
Kraken Daily Market Report for May 27 2022
Overview Daily spot trading volume: $878.0 million, 30 day average spot: $1.03 billion. Total futures notional: $315.4 million. The top five traded coins were, respectively, Tether (0%), Bitcoin (-2.0%), Ethereum (-3.7%), Polkadot (-1.0%), and USDC (0%). Strong returns from Dogecoin (+4.6%) and GMT (+15%). May 27, 2022 $878.0M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $0.9989 ↑0.0% $277.5M BTC $28580. ↓2.0% $216.0M ETH $1724.9 ↓3.7% $196.5M DOT $9.1040 ↓1.0% $74.6M USDC $1.0 ↓0.01% $54.8M SOL $41.0 ↓5.6% $22.2M ADA $0.4555 ↓4.8% $10.7M…
Bitcoin Enters Rare Discount Zone
Bitcoin Reading Time: 2 minutes Bitcoin is entering a discount zone not seen since March 2020 The reaction to the recent dip suggests that a 2019-style recovery may be playing out Historically speaking, this zone has been a great time to buy Bitcoin has entered a discount zone last seen during the March 2020 crash, suggesting that the time to come off the sidelines could be nigh. Only four times in its history has Bitcoin fallen below the ‘Bitcoin Investor Tool: 2-Year MA Multiplier’ line, with each occasion essentially encapsulating a bear market or crash bottom, signalling that Bitcoin is […]
Bitcoin, Ethereum in Critical Condition
Key Takeaways Bitcoin dropped below $28,000 over the past 12 hours. Meanwhile, Ethereum lost the $1,800 level as support. Further losses can be expected as selling pressure mounts. The crypto market sentiment went into “extreme fear” again after Bitcoin and Ethereum lost price support over the past 24 hours. On-chain data shows increasing selling pressure, which could lead to more significant losses. Bitcoin and Ethereum Spell Trouble Bitcoin and Ethereum look bound for significant losses after losing vital support areas. Nearly $300 million worth of long and short positions have been liquidated across the cryptocurrency market over the past 24 […]
Jamie Dimon’s JPMorgan says bitcoin’s slide has created ‘significant upside’ for crypto investors
Cryptocurrency Bitcoin’s recent slide has left the digital token well below its fair price, giving the cryptocurrency “significant upside” now, JPMorgan Chase said in a research note this week. The bank said bitcoin was undervalued by 28%, and put its price target for the coin, which was trading at just above $29,600 on Thursday afternoon, at $38,000 according to Markets Insider. Bitcoin fell below $26,000 earlier this month for the first time since December 2020, just as stock markets have been similarly pummeled — largely due to inflation fears. “The past month’s crypto market correction looks more like capitulation relative […]
