bitcoin / 326 posts found
When Will Bitcoin Bottom Out? Pi Cycle Bottom Says It Will Happen on July 9
Many cryptocurrency enthusiasts have heard of the Pi Cycle Top indicator, which has “magically” predicted the peaks of several previous bull markets. However, few know that there is also its opposite, Pi Cycle Bottom, which also has some track record in trying to estimate the bottom of a bear market. But before we take a closer look at Pi Cycle Bottom, let’s remind ourselves why its bullish nemesis has earned so much popularity. The historic effectiveness of the Pi Cycle Top We first wrote about the Pi Cycle Top on BeInCrypto over a year ago, when Bitcoin was close to […]
Bitcoin Mining Can Prevent Climate Change
Daniel Batten is a climate tech investor, author, analyst and environmental campaigner who previously founded and led his own tech company. 2022 has changed everything that we in the environmental, social and governance (ESG) sector thought we knew about Bitcoin. We thought it was a net negative for the environment. We could not have been more wrong. It turns out that Bitcoin mining has the potential to avoid an astonishing 0.15°C of global warming. This is true because Bitcoin is the only technology that’s available, practical and scalable when it comes to tackling the world’s most deadly greenhouse gas of […]
Bitcoin billionaire Sam Bankman-Fried bails out embattled crypto firms BlockFi and Voyager
Bitcoin Sam Bankman-Fried, CEO of FTX US Derivatives, testifies during the House Agriculture Committee hearing titled Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models, in Longworth Building on Thursday, May 12, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out two firms in as many weeks: BlockFi, a quasi-bank, and Voyager Digital, a digital asset brokerage. FTX, Bankman-Fried’s crypto exchange, agreed Tuesday to […]
Bitcoin bounces back after falling to new 2022 lows over the weekend
Cryptocurrency Bitcoin continues to trade around the $20,000 mark, keeping investors on edge about where the price is going next. Nurphoto | Getty Images Bitcoin jumped on Monday, after the cryptocurrency fell below its 2017 high over the weekend, but investors remained on edge thanks to a slew of negative crypto headlines and macro factors keeping pressure on sentiment. The world’s largest cryptocurrency by market cap climbed above the $20,000 mark for much of the day Monday. However, it last edged lower by less than 1% to $20,005.46, according to Coin Metrics. Over the weekend, bitcoin fell as low as […]
Bitcoin heads for dismal weekly close as BTC price rejects at $20K
Cryptocurrency Bitcoin (BTC) attempted to reclaim $20,000 as support on June 19 as bulls faced a $7,000 weekly red candle. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Cryptocurrency $16,000 eyed for possible next move Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising from lows of $17,592 on Bitstamp before being firmly rejected at $20,000. Low-liquidity trading conditions had made for a grim weekend for hodlers as the largest cryptocurrency fell to levels not seen since November 2020. While recovering some losses, a sense of deja vu pervaded the market on the day. $20,000 had returned as resistance, this having […]
Bitcoin sinks below $20,000 as crypto meltdown intensifies
Bitcoin Crypto investors are grappling with aggressive interest rate hikes from the U.S. Federal Reserve and a worsening liquidity crunch. Bloomberg | Bloomberg | Getty Images Bitcoin dropped below $20,000 on Saturday, extending a brutal slide in cryptocurrencies. The price of bitcoin fell more than 6% in 24 hours to $19,149.60, according to Coin Metrics data. The last time bitcoin fell below the $20,000 level was December 2020. Ether, the second-largest token, plunged 7% to $996.2, its lowest level since January 2021. Crypto investors are grappling with aggressive interest rate hikes from the U.S. Federal Reserve and a worsening liquidity […]
