The cryptoasset market crash continued on Tuesday, with bitcoin (BTC) falling to as low as USD 20,800 before trimming some of its losses. The significant selloff came as the market braces for the possibility of an unusual 75 basis point rate hike from the US Federal Reserve (Fed) this Wednesday…. Read More: Bitcoin, Ethereum…
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The bitcoin (BTC) and crypto market came under heavy selling pressure on Monday, fueled by fears in nearly all global risk markets related to high inflation and what the US Federal Reserve (Fed) might do to tame it. At the same time, the drama surrounding crypto lending platform Celsius (CEL) is adding fuel to…
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May turned out to be yet another disappointing month for bitcoin (BTC), despite promising predictions based on its historical performance. So, with that in mind, how reliable really are historical patterns for the price of bitcoin today? Using crypto exchange Kraken’s monthly market outlook as a guide, it’s clear that performance in May came…
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If it is true that the Luna Foundation Guard (LFG) really sold 80,000 bitcoin (BTC) to defend the terraUSD’s (UST) peg during its meltdown, it is likely that USD 25,000 to USD 27,000 is the bottom of this bitcoin market cycle, according to crypto essayist and former BitMEX CEO Arthur Hayes…. Read More: USD…
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A report on the state of crypto in the Latin America region has concluded that adoption is likely to continue apace for the rest of the year – and will find fertile ground for growth in the world of cross-border payments and “crypto credit cards.” The report was issued by Americas Market Intelligence (AMI),…
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Investment funds backed by bitcoin (BTC) and crypto once again saw inflows last week, as BTC extended a now 9-week-long losing streak. At the same time, some analysts are turning positive on the near-term outlook for bitcoin in particular, predicting a “bounce” to the upside in June. According to data from the crypto research…
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Inflation could start to “mellow out” towards the end of the year, giving the crypto market a chance to form a bottom later in 2022, Chris Burniske, a partner at the crypto-focused venture capital firm Placeholder Ventures, has predicted…. Read More: As inflation ‘Mellows Out’, a Bottom in Crypto is Likely in ‘The Back…
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The Wall Street investment bank JPMorgan says digital assets have now replaced real estate as its “preferred alternative asset class,” and considers USD 38,000 a fair price for bitcoin (BTC)…. Read More: Bitcoin Undervalued, Crypto Now Better Than Real Estate – JPMorgan Read more »Pay, Trade, Buy Bitcoin with Credit Card
Crypto fund flows turned negative last week, after strong inflows the week before, bringing total assets under management to their lowest since July 2021. In addition, both on-chain signals and the crypto derivatives market is painting a bleak picture for the near term…. Read More: Bitcoin & Crypto Fund Flows Turn Negative, Continued Headwinds…
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With the Bitcoin (BTC) and crypto market appearing to stabilize after last week’s brutal crash caused by the collapse of Terra (LUNA), analysts are offering their takes on where the market may be headed next. And as usual, opinions are divided, with some predicting the bear market is “complete,” and others arguing that we…
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