bitcoin / 326 posts found
Bitcoin And Ethereum Pump Above 10% Despite Negative U.S. GDP Report
Summary: Leading cryptocurrency Bitcoin traded higher than $23K on Thursday. The top coin enjoyed a slight rally following Wednesday’s FOMC meeting. America’s Q2 GDP report was also released with the figure at -0.9%. The number signaled a recession per technical definition although authorities opined differently. Crypto coin prices flashed green regardless of the news with market leaders Bitcoin and Ethereum both in double-digit gains. The total crypto market cap is also above $1.1 trillion at press time. Major alts like Solana are up in gains as well. Bitcoin stayed green on Thursday after the U.S. GDP report revealed negative numbers […]
Bitcoin (BTC) Price Might Drop 33% & Reach Bottom At This Level
Bitcoin After Bitcoin lost its crucial price level of $22,000 at the start of this week, the entire crypto space seems to be following it on its downward plunge. This price movement has influenced the global crypto market capitalization to fall below $1 trillion. A popular analyst and trader, Tone Vays, believes that Bitcoin will see new lows as the currency repeatedly fails to maintain its bullish price movement. Vays asserts that the flagship currency is on the verge of witnessing a massive price drop of 33% from its current value to reach the $14,000 mark as it failed to […]
Betting Big on Bitcoin Was a Short-Term Mistake, Admits Scaramucci
Bitcoin Famous American financier Anthony Scaramucci has admitted that having massive exposure to Bitcoin was a mistake in the short run, as he and his investment company suffered significant losses amid the bear market. Bitcoin Bullish on Bitcoin in the Long-term In his latest CNBC interview, Scaramucci noted that while his Bitcoin exposure via his investment firm, SkyBridge Capital, has incurred significant losses amid the market downturn, he does not regret investing in the cryptocurrency. He stated that he firmly believes in Bitcoin’s long-term potential and intends to hold on to the digital asset for as long as possible. Scaramucci […]
