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“# Bitcoin, dollar plunge while S&P 500 rallies after US inflation hits 3-decade high ” Bitcoin (BTC) and the U.S. dollar fell in tandem while the S&P 500 refreshed its record high at open on Friday as the Federal Reserve’s preferred inflation indicator surged to its highest levels in almost three decades. According to data…
“# XRP price will fall to new lows vs. Bitcoin if this famous chart pattern plays out ” Ripple blockchain’s native token XRP could make a full bearish price swing against Bitcoin (BTC), as per a classic technical indicator. Dubbed as Head and Shoulders (H&S), the pattern develops when an asset forms three peaks atop…
“# Bitcoin bounce from $28.8K activates century-old financial model’s bullish thesis ” A recent upswing in the price of Bitcoin (BTC) following a nail-biting price crash below $30,000 this Tuesday has activated a classic financial model’s bullish outlook on the cryptocurrency. Titled Wyckoff Method, created by Richard D. Wyckoff in 1888, the model attempts at navigating…
“# A ‘seismic mining shift’ may be driving Bitcoin price below $30K: Report ” Bitcoin (BTC) plunged 7.38% to hit its five-month low of $29,313 on Tuesday as the market stared at the prospect of another sell-off, this time led by miners affected by a recent crackdown against cryptocurrency entities in China. Bitcoin drops below…
“# Classic bearish chart pattern forms for Bitcoin as BTC price tumbles to $32K ” Bitcoin (BTC) bulls should look for a cover, at least as far as chart technicals are concerned. The flagship cryptocurrency continued its price declines into the new weekly session, hitting $32,105 ahead of the London opening bell following an approximately…
“# Bitcoin may lose $30K price level if stocks tank, analysts warn ” The ghost of stock market crash is back again to haunt Bitcoin (BTC). It happened last in March 2020. Back then, the prospect of the fast-spreading coronavirus pandemic led to lockdowns across developed and emerging economies. In turn, global stocks crashed in…
“# Bitcoin pinned below $38K as investors stash record $756 billion with Fed ” Bitcoin (BTC) suffered as investors moved a record amount of cash in Federal Reserve’s overnight facility after the central bank started paying interest on the money. The U.S. central bank received $756 billion via its reverse repurchase program from nearly 70…
“# Here’s why one analyst says Bitcoin will outperform Ethereum in the short term ” In terms of price potential, Bitcoin (BTC) is staring at the possibility of outperforming Ether (ETH) in the short term. So believes David Lifshitz, the chief investment officer at ExoAlpha, a Paris-based investment management service, who noted that Bitcoin’s upside potential…
“# 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…
“# 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…