As Bitcoin price makes headlines across mainstream and financial media, skeptics of cryptocurrencies have come out of the woodwork in droves. The latest skepticism comes from Tim Bond, partner and portfolio manager at Odey Asset Management, who claims that Bitcoin has very little benefit to society, and instead is an extreme form of Libertarian anarchism.…
An early morning sell-off in the Bitcoin market hinted at calming down after more corporates revealed their investments into the cryptocurrency. Meitu, renowned globally for its photo editing app, incorporated $17.9 million worth of Bitcoin and $22.1 million worth of Ether (the native cryptocurrency of the second-largest blockchain project, Ethereum) into its balance sheet. In…
Bitcoin price gained bullish momentum above the $50,000 resistance against the US Dollar. BTC traded towards $52,000 and it remains supported for more upsides. Bitcoin started a fresh increase above the $50,000 and $50,500 resistance levels. The price is now trading well above $50,000 and the 100 hourly simple moving average. There is a key…
Bitcoin price is showing a few positive signs above $48,000 against the US Dollar. BTC is likely to start a strong increase if it settles above $50,000 and the 100 SMA (H4). Bitcoin remained well bid above $43,000 and $45,000 support levels. The price is now approaching the $50,000 resistance and the 100 simple moving…
Bitcoin and Ethereum are down from their recent 2021 highs, but compared to their traditional market counterparts, have shown more resilience during the recent “royal macro beating.” Here’s why one top economist and investor says this is incredibly bullish for the two titan cryptocurrency assets. Royal Macro Beating Can’t Take Down Bullish Bitcoin And Ethereum…
Aside from a few rare outliers, over the last several years, owning Bitcoin has been the better investment compared to other cryptocurrencies. Altcoins like Ethereum and others have only recently caught up, and BTC dominance has maintained the lion’s share of the crypto market cap. However, dominance has lost an important trendline dating back four…
Bitcoin prices extended losses on Friday as the US dollar gained alongside the long-term Treasury yields. Downside pressure on cryptocurrency remains amid expectations of modest job growth in the US. The technical support offered by the 20-period moving average on the four-hour chart maintains Bitcoin’s medium-term bullish outlook. Bitcoin dropped Friday, suggesting that the benchmark…
Bitcoin price failed to stay above $50,000 and $49,000 against the US Dollar. BTC is now below the 100 hourly SMA and it is likely to continue lower towards $45,000 Bitcoin started a fresh decline below the $50,000 and $49,000 support levels. The price is now trading well below $50,000 and the 100 hourly simple…
Bitcoin price is taking its time consolidating around $50,000 but could be preparing for the next major leg up to around $77,000 per coin, according to what one trader calls a “cheat sheet” to the current crypto market bull run. The “cheat sheet” is a fractal from the past that is playing out once again…
Bitcoin is currently struggling to reclaim $50,000, but one chief Bloomberg analyst says that the cryptocurrency could be ready to “march” toward $100,000 per coin in the near term. Here’s the data the senior commodity strategist says backs up the theory for the “nascent” cryptocurrency’s price doubling in short order. Bitcoin Building Foundation At $50,000,…