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“# Hawkish Fed comments and fears of stablecoin regulation spark market sell-off ” The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from U.S. Federal Reserve Chairman Jerome Powell confirmed that the central bank would soon start to taper its monetary policy of easing and bond buying. …
“# Why Bitcoin bears are trying to keep BTC price below $62K for Friday’s options expiry ” Bitcoin’s (BTC) 90% year-to-date gain was largely fueled by the SEC’s recent exchange-traded fund (ETF) approval and in the first 48-hours of listing, ProShares’ Bitcoin Strategy ETF ($BITO) was able to amass $1.1 billion in assets under management….
“# Bitcoin on-chain metric suggests 2017-style bull run will continue ” Bitcoin’s (BTC) pullback from its record high of $67,000 to below $60,000 has not deterred bulls from eyeing another peak level ahead, per an indicator that attempts to predict market bottoms and tops. Dubbed MVRV, the risk metric represents the ratio of Bitcoin’s market…
“# Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats ” Bitcoin (BTC) may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% and more. As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the…
“# Bitcoin retests support, with trader forecasting BTC price dip to $55K ” Bitcoin (BTC) denied bulls their big break on Nov. 4 as sideways action dragged the market ever closer to $60,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC hodlers in “buy the dip” mode Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…
“# Money managers with zero crypto exposure risk being left behind — Bloomberg strategist ” The career risk surrounding cryptocurrency is shifting to money managers who don’t have exposure to digital assets as opposed to those who are already invested, highlighting a dramatic shift in institutional acceptance of Bitcoin (BTC) and decentralized finance, according to…
“# Bitcoin reverses Tuesday gains, while Solana joins Ethereum in fresh all-time highs ” Bitcoin (BTC) fell to 24-hour lows before Wall Street’s open on Nov. 3 as a previous bull run halted at $64,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price inches back toward $62,000 Data from Cointelegraph Markets Pro and TradingView confirmed…
“# Miami mayor plans to accept first paycheck entirely in Bitcoin ” Francis Suarez, who has served as the mayor of Miami since 2017, has said he’s going to take his next paycheck in Bitcoin. In a Tuesday Twitter post, Suarez said he aimed to be the first United States lawmaker at the state or…
“# Ethereum price hits a new high above $4,500 right as Bitcoin recaptures $64K ” Bullish volatility is on the rise and the newfound bullish momentum saw multiple tokens breakout to fresh all-time highs as traders scramble to identify which coin might be the next to embark on a moon mission. As the price of…
“# Is ‘Bitcoin season’ real or a maximalist theory? ” With Bitcoin (BTC) continuing to hold ground above the all-important $60,000 psychological threshold for two weeks running, a growing chorus of voices seems to be echoing the sentiment that the market may be in the midst of another “Bitcoin season.” This basically refers to a…