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“# BTC sinks below $40K, Bitcoin inflows to centralized exchanges surge ” Bitcoin inflows to centralized exchanges have surged, prompting bearish speculation the crypto markets could be building up to a violent wash-out. Lex Moskovoski, CIO at Moskovoski Capital, shared data showing that 22,917 BTC was transferred onto centralized exchanges in a single hour on…
“# $83K Bitcoin price in the cards after data shows BTC whales bought the dip ” As Bitcoin (BTC) tested the $43,000 support for the third consecutive day, whales bought the dip on derivatives exchanges. While there has been no significant price change, the Bitcoin futures premium reached its lowest level in six months. This…
“# Altcoins notch double-digit gains even as Bitcoin price falls to $42,500 ” On May 18, Bitcoin (BTC) and the overall cryptocurrency market faced another round of selling as FUD — fear, uncertainty and doubt — impacted investor sentiment after Reuters and various social media outlets reported that China would ban financial institutions and payment…
“# ‘Long Bitcoin’ chosen as most crowded trade in latest BofA survey ” Despite the ongoing sideways trend in the cryptocurrency markets, Bitcoin (BTC) still remains a crowded trade. According to a new survey from Bank of America, this could indicate that the current bull cycle’s market top is still to come. Bank of America’s…
“# Famous analyst calls $43K Bitcoin price ‘logical’ ” Bitcoin (BTC) may have lost 35% since its all-time highs of $64,500, but its current price is actually “logical.” That’s according to veteran analyst John Bollinger, creator of the Bollinger bands trading indicator. Bollinger: Current price action “can tell a lot” In a tweet on May…
“#Elon Musk impersonators stole over $2M in crypto scams: feds” Impersonators of Tesla CEO Elon Musk have stolen at least $2 million in cryptocurrency scams over the past six months, according to federal regulators. The thefts are part of so-called giveaway scams in which grifters pose as celebrities or well-known figures in the crypto world…
“# Bitcoin’s drop from $64K comparable to Black Thursday, but Coinbase outflows hint at accumulation ” Elon Musk and COVID-19 have something in common: They have both panicked investors — at least once — into dumping their Bitcoin (BTC) holdings. The similarities notched up higher in the previous six days as Musk doubled down on…
“# Bitcoin price could hit $29K next, warns CNBC ‘Chartmaster’ ” Bitcoin (BTC) could drop to $29,000 and still be testing current support in line with past dips, claims CNBC’s “Chartmaster.” In an appearance on the network’s “Fast Money” segment on May 17, Carter Worth, Chief Market Technician at Cornerstone Macro, warned that the BTC…
“# US FDIC seeks insight on banks’ role in cryptocurrency markets ” The United States Federal Deposit Insurance Corporation is looking for information and public comments on banks’ cryptocurrency-related activities. The FDIC is the major provider of deposit insurance to U.S. commercial and savings banks, originally created to address bank runs during the Great Depression. …
“# Breakneck speed of crypto adoption could result in whiplash, warns wallet exec ” Cryptocurrency adoption on a United Kingdom-based payment app is booming in the first quarter of 2021, but whether that trend continues could depend on the actions of Bitcoin (BTC) evangelists like Elon Musk, warns STICPAY director James Bay. The mobile payments…