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” Analysts say Bitcoin range ‘consolidation’ is most likely until a ‘macro catalyst’ emerges “ From a historical perspective, the loss in value realized across the cryptocurrency market over the past several months has been one for the record books and the total cryptocurrency market cap has declined from $3 trillion to $991 million. June…
” Bitcoin price surges to $21.8K, but analysts warn that the move could be a fakeout “ Hope springs eternal for many crypto investors after the market saw positive price movement on July 7, alongside gains in the traditional market. Daily cryptocurrency market performance. Source: Coin360 The green day in the markets comes amid a…
” Bitcoin price holds $20K, but analysts say ‘expect 6 months of sideways’ price action “ Trading across the cryptocurrency market was relatively subdued on July 5 as the ecosystem continues to digest the fallout from the Three Arrows Capital scandal and Voyager Digital announcing that it has filed for Chapter 11 bankruptcy protection. Data…
” Bitcoin trader says expect more chop, downside, then sideways price action for BTC this summer “ Discussion of the state of the crypto market has been a dominant headline over the past few weeks as non-crypto native media excoriate Bitcoin (BTC) and DeFi investors for investing in assets with no fundamental value. At the same…
” BTC Markets becomes first Australian crypto firm to get a financial services license “ Australian-based cryptocurrency exchange BTC Markets has become the first crypto company in the country to gain a financial services license. The license was issued by the country’s financial regulator, the Australian Securities and Investments Commission (ASIC), to BTC Markets’ sister…
” Bitcoin critics say BTC price is going to $0 this time, but these 3 signals suggest otherwise “ Like clockwork, the onset of a crypto bear market has brought out the “Bitcoin is dead” crowd who gleefully proclaim the end of the largest cryptocurrency by market capitalization. If #Bitcoin can collapse by 70% from $69,000…
” Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report “ Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it grapples with the prospect of insolvency in the wake of a violent collapse in digital asset markets. The firm,…
” Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K “ Crypto traders had a brief opportunity to pause and take stock of where things are on June 16 as the relentless selling that has hammered Bitcoin (BTC) and the wider market over the past week began to relent despite an…
” Further downside is expected, but multiple data points suggest Bitcoin is undervalued “ The outlook across the cryptocurrency ecosystem continue to dim as the sharp downtrend that was initially sparked by the collapse of Terra now appears to have claimed the Singapore-based crypto venture capital firm Three Arrows Capital (3AC) as its next victim. …
” Bitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation “ Global financial markets were squarely focused on the U.S. Federal Reserve and its decision to raise interest rates by 75 basis points on June 15, the largest increase in 28 years as the central bank fights to…