Bitcoin’s / 12 posts found
End of Bitcoin’s Year-Long Downtrend – Here’s What Next For BTC Price
The crypto prices experienced immense bearish pressure by FTX’s Collapse and the Fed’s hawkish comments. Compared to Ethereum’s 8% drop to $1,100, Bitcoin’s ongoing decrease and breach of $16,000 was more disastrous. As investor confidence continues to decline, the market’s volatility is likely to remain unsteady and unpredictable. The market capitalization of all cryptocurrencies fell 5% the previous day, to now trade at $795 billion. In addition, trade volume rose 68% to $55.80 billion. Amidst all the speculation, a new trend for BTC is expected to emerge, according to the cryptocurrency analyst who correctly predicted the conclusion of the Bitcoin bull […]
Bitcoin’s Next Bull Run Will Start in 2023 According to Bitwise CEO
Cryptocurrency Hunter Horsley – CEO of the technology solutions provider Bitwise – believes bear markets are a great period when investors could increase their exposure to bitcoin. He estimated that the next bull run will begin next year, outlining that his firm’s clients have already increased their interest in the asset. Cryptocurrency Fortunes Are Made in the Bear Market In an interview for Bloomberg, Horsley outlined the historical pattern of bitcoin’s price movement. During its existence, the primary cryptocurrency has passed periodically through four-year cycles, while bull runs with growing momentum have always followed bear markets. Relying on that data, […]
Bitcoin’s Rollercoaster Towards $20K, Inflation Numbers, and Google’s Foray into Crypto: This Week’s Recap
Cryptocurrency The past week saw the total cryptocurrency market lost about $30 billion in the past seven days, where most of the action took place yesterday. This was somewhat expected, given the US Bureau of Labor Statistics published the CPI numbers then. Let’s dive in. Bitcoin spent the majority of the week slowly bleeding out. The cryptocurrency was showing absolutely no signs of strength, which resulted in a painful chop and a decline below $19,000 on a couple of occasions. All this changed on Thursday. The US Bureau of Labor Statistics published the numbers for September’s Consumer Price Index yesterday. […]
Will Bitcoin’s (BTC) Price Surge to $21K this Weekend?
Bitcoin Bitcoin’s price is finding stability after a difficult week, trading at $19,000. External factors such as the South Korean government’s decision to ban cryptocurrency trading caused the market to stall roughly at $18,000, forcing a rejection at around $19,500. Analysts are nearly unanimous in believing that the Bitcoin price has already settled at its floor value, suggesting that it will only go up from here. However, investors appear to be divided on this issue, instead focusing their attention on other potential investments amid rising interest rates in order to combat out-of-control inflation. Bitcoin’s price has been on a rollercoaster […]
Report: 51% of Bitcoin’s Trading Volume is Fake
Bitcoin Bitcoin’s trading volume is significantly lower than what is reported, according to Forbes’ latest study of 157 exchanges. According to the report, Bitcoin trading volume on June 14 was $128 billion, far lower than the total $262 billion reported by all exchanges. This shows that around 51% of all Bitcoin trading activities were fake or non-economic. Tether’s Role According to Forbes, Tether plays a significant role in Spot Bitcoin trades as most of the trade comes from stablecoins. However, fiat currencies like the US dollar, Japanese Yen, and South Korean Won are also involved in a high percentage of trades. Overall, […]
Bitcoin’s Current Price Pattern Is Dangerous, This Is How You Can Overcome, Claims Analyst
Bitcoin The world’s first cryptocurrency, Bitcoin has now reclaimed $23,000 level and is strongly headed towards $24,000 price level. All this comes while the US enters the recession stage with its GDP dropping at -0.9%. However, a popular crypto analyst believes that bitcoin org bitcoin org Event OrganiserTechnology Followers : 0 View profile is about to form a pattern that will leave the crypto space with a negative impact. The analyst who is anonymously known as Inmortal informs his 174,000 Twitter fanbase that Bitcoin had recently established a consolidation pattern which was followed by present surge and then a decline in […]
This Is The Possible Area For Bitcoin’s Long, Per Van De Poppe
Cryptocurrency Though the overall cryptocurrency market has entered the recovery phase, the global market capitalization has plunged by 1.73% in the last 24hrs. The leading cryptocurrency, Bitcoin, is striving to get back to its $23,000 price levels. This bear pull movement has made the traders and investors anxious about the future price action of Bitcoin. A well-known crypto analyst and trader, Michael van de Poppe in his recent analysis, points towards Bitcoin’s possible area for longs which might be approaching soon. As per the analyst, the price level to watchout for Bitcoin traders for making long is positioned at around […]
Why Bitcoin’s Anonymity Could Soon Collapse Like A House of Cards
Bitcoin Bitcoin’s remarkable growth in value is a curious story. Launched in March 2009 worth $0, Bitcoin reached parity with the dollar in September 2011. In November last year it peaked in value at over $60,000 and at the time of writing its worth has collapsed to around $20,000. But behind all the hype and bluster is the questions of how this value emerged from nothing. And how its founding members were able to keep this growth on track without being tempted to exploit this value for themselves. In its early days, Bitcoin was particularly vulnerable to a kind of […]
BVTV: Bitcoin’s Africa outpost
Bitcoin Business Posted The Central African Republic has followed El Salvador in adopting the cryptocurrency as legal tender, to its central bank’s surprise. Ed Cropley runs through the reasons, including Bangui’s reliance on Russian mercenaries, why the move may hurt Bitcoin’s bid to go mainstream. Read More