Key Takeaways Bitcoin has closed the year down 64%, its worst year since 2018 This bear market is different, as for the first time ever in Bitcoin’s existence, the wider economy is also pulling back Bitcoin’s correlation with the stock market is extremely high, proving it trades like a high-risk asset Fans will hope this…
Cryptocurrency
Jasmy price prediction as Japan’s Bitcoin surges
Jasmy price has jumped in the past four days. It has jumped by more than 40% from the lowest point in 2022. Jasmy price has had one of the best performances in 2022 as investors bought the dip in Japan’s Bitcoin. It has risen in the past five straight days and moved to the highest level…
Cryptocurrency
Bitcoin remains close to $17k after FOMC minutes release: Will BTC rally soon?
Bitcoin price steadied above $16,800 as US Federal Reserve officials agreed to slow its pace of interest rate hikes. The latest FOMC minutes indicate that US policymakers are focused on controlling the pace of price hikes. Bitcoin could surge past the $17k resistance level soon. BTC eyes the $17k resistance level The United States Federal…
Cryptocurrency
Bitcoin (BTC) Price Slides as Inflation Is Going Up – Here’s Why Crypto New Projects Like Metacade (MCADE) Could Surge
Real-world economic performance undeniably impacts global cryptocurrency markets, with Bitcoin (BTC), the biggest crypto asset by market capitalization, proving an excellent guide to the health of the crypto industry. Recent increases in inflation worldwide, but particularly in the US, have seen the value of Bitcoin slide during the second half of 2022 as the global…
Cryptocurrency
Bitcoin interest surged in 2022 despite ‘crypto winter’: report
Bitcoin sits 8th on Yahoo Finance’s list of top quotes as measured by total page views in 2022. According to the platform, BTC/USD has accumulated more than 157 million quote views, with Tesla topping the list. Ethereum ranks 25th while the Coinbase (COIN) stock currently sits in 30th spot. Cryptocurrencies have remained deep within an…
Cryptocurrency
Most of the Bitcoin supply is now loss-making
Key Takeaways Bitcoin was the best performing asset class between 2011 and 2021, but the year 2022 has brought nothing but pain After rising 14X from its pandemic low in March 2020 to its all-time high in November 2021 of $68,739, Bitcoin has struggled amid risk-off environment Pullback has been so severe that majority of…
Cryptocurrency
Bitcoin struggles but Okcoin CEO thinks 3 catalysts will make it bullish
Bitcoin has steadied above $16,000 Okcoin CEO expects Bitcoin’s bear market to be driven by key developments The cryptocurrency could come under pressure after falling below moving averages No Santa Claus rally for Bitcoin (BTC/USD) lovers? This is the clearest sign as the BTC price crashed below the moving averages. Despite bulls successfully defending $16,000, Bitcoin…
Cryptocurrency
Bitcoin price prediction as the US dollar index plummets
Bitcoin price has been in a tight range in the past few weeks. Bitcoin’s fear and greed index has dropped to the fear level of 25. The US dollar index has plummeted to $103. Bitcoin price has held in a tight range even as the US dollar index (DXY) has plunged to the lowest level…
Cryptocurrency
Bitcoin is edging closer to $17k as bullish sentiment grows stronger
The crypto market is trading in the green zone for the second-consecutive day this week. Bitcoin is closing in on the $17k resistance level and could cross it a few hours from now. The total crypto market cap is now close to $815 billion. Bitcoin closes in on the $17k level Bitcoin, the world’s leading…
Cryptocurrency
Alameda liquidates millions worth of tokens for Bitcoin
Alameda Research addresses sent millions worth of tokens to decentralised exchanges and crypto mixers on Wednesday. According to on-chain data, the tokens were swapped into USDT before being converted into Bitcoin. The Alameda wallets sprung into life a few days after FTX co-founder Sam Bankman-Fried was released on a $250 million bail. Crypto wallets linked…
