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“# Dip-buyers anticipate further downside after Bitcoin price falls to $38K ” The cryptocurrency market is in the midst of another lackluster day as Bitcoin (BTC) price dipped below $40,000 ahead of the Federal Open Market Committee (FOMC) meeting where officials intend to discuss whether interest rates should be raised or kept near zero. While…
“# Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist ” Bitcoin (BTC) price has retreated by more than 40% after topping out near $65,000 in mid-April. But that is not enough to derail the flagship cryptocurrency’s long-term bull trend, especially as global markets grapple with declining national currencies and the prospect of a commodity…
“# Bullish all the way? MicroStrategy doubles down on its Bitcoin bet ” There’s never a dull day when it comes to crypto as was exemplified recently when the digital asset market dipped by around 50%, eventually taking the total capitalization from its all-time high of $2.5 trillion to around $1.7 trillion. As was expected,…
“# Looming ‘death cross’ may put Bitcoin bull run in danger ahead of Fed meeting ” Bitcoin (BTC) wobbled around $40,000 as investors waited for the Federal Reserve to release its new set of economic projections on Wednesday. The market’s focus shifted on two important questions: will the United States’ central bank officials signal their…
“# New Bitcoin bull market hodlers are refusing to sell at $40K, data suggests ” Bitcoin (BTC) investors continue to hodl BTC at $40,000, even if they bought it at lower levels earlier in 2021. In the latest edition of its newsletter, The Week On-Chain, on June 14, on-chain monitoring resource Glassnode revealed that buyers…
“# 98% of CFOs say their hedge fund will invest in Bitcoin by 2026: Study ” Traditional hedge funds are willing to increase their exposure in Bitcoin and other cryptocurrency markets over the next five years, a new survey has found. Intertrust Global — an international trust and corporate management company — polled the chief…
“# Bitcoin price hits $41K, then rejects after sellers defend the 200-MA ” The overall mood of the cryptocurrency ecosystem is muted on June 15 with most altcoins trading flat while Bitcoin (BTC) bulls look for a daily close above $41,000 as a sign that the market could be shifting in favor of bulls. Data…
“# Traders look for Bitcoin price daily close at $41K to confirm bullish reversal ” Bitcoin started the week with a strong breakout to $40,900, but today bulls are trying to hold Bitcoin price above the $40,000 level. As the price broke from the $31,000 to $39,000 range on June 14, traders speculated that setting…
“# Bitcoin price bottom is in, says Fidelity exec as crypto market exits ‘extreme fear’ ” Bitcoin (BTC) has already hit its price bottom, one of the industry’s top executives believes as BTC price action stays above $40,000. In a tweet on June 14, Jurrien Timmer, director of global macro at U.S. multinational financial services corporation…
“# A Bitcoin indicator with a ‘perfect’ history just told you to buy the dip ” MicroStrategy may be as smart as ever “buying the dip” in Bitcoin (BTC) as an indicator with a “perfect” history tells traders to buy. In a tweet on June 15, popular analyst Cole Garner flagged bullish signals for the…