Bloomberg Intelligence’s senior commodity strategist says bitcoin “may be entering an inexorable phase of its migration into the mainstream.” In addition, the cryptocurrency may also “be entering unstoppable maturation stage,” the strategist added, expecting the price of bitcoin to continue to rise over time. Bitcoin’s ‘Unstoppable Maturation Stage’ Bloomberg Intelligence’s senior commodity strategist Mike McGlone provided his outlook for bitcoin this week. Citing… Source link

Major cryptocurrencies were trading slightly higher early on October 23, with the global crypto market cap at $923 billion, up more than 0.5% from the previous day. In the last 24 hours, the total cryptocurrency market volume was $32 billion, a 39% increase. The leading cryptocurrency, Bitcoin, is consolidating near $19,216, having gained less than 1% during the Asian session. BTC has formed a symmetrical triangle pattern, and a… Source link

This is an opinion editorial by Robert Hall, a content creator and small business owner. The last few months have not been great for the bitcoin price. Bitcoin continues to languish around the $19,000 to $24,000 range with no end in sight. Bear markets are a time when your conviction will be significantly tested. People new to bitcoin may think the economic pain is too much and want to tap out to cut their losses. Others will see the price of bitcoin hanging out in the doldrums and decide not… Source link

Bitcoin — a popular cryptocurrency created in the late 2000s by developer/s Satoshi Nakamoto — can be complex in terms of operations. One can say Bitcoin is a digital currency that uses cryptography to record transactions. One can also say that underlying blockchain tech adds uniqueness to Bitcoin. It can also be said that Bitcoin is all about the absence of any intermediary like banks, with full control of operations in the hands of the people. The situation right now is such that even… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. It was the fifth consecutive week of either flat prices or losses, but flatness suddenly looks a little more promising than usual. New data from Kaiko finds that Bitcoin is less volatile than equities for the first time in two years, as BTC appears to be decoupling from the stock market.  Bitcoin and Ethereum each barely budged (up less than 2%) in the past seven days. BTC currently trades for $19,202, while ETH changes hands… Source link

One indicator suggests that market participants are loading up on Bitcoin (BTC) and Ethereum (ETH) for the long haul, according to the crypto analytics firm IntoTheBlock. Lucas Outumuro, the firm’s head of research, notes in a new analysis that the top two crypto assets continue to witness exchange outflows, though this week’s levels were at a reduced pace compared to previous weeks. Source: IntoTheBlock Exchange withdrawals potentially point to accumulation by investors… Source link

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject A number of cryptocurrencies are currently trading sideways on their daily and weekly charts. Ethereum (ETH) is considered one of the market’s most significant cryptos, with many in the community believing that the market will continue to grow by the end of October. In fact, according to Coinglass statistics,… Source link

Bitcoin (BTC) will top $100,000 next year but a record-breaking bear market will follow, a popular trader believes. In a Twitter discussion on Oct. 22, Credible Crypto endorsed a theory that Bitcoin’s next halving will also see macro lows of just $10,000. BTC bulls need only wait a year for $100,000 With consensus calling for Q4 2022 to match the end of the 2018 Bitcoin bear market, few are in the mood to call a trend change. While a bold prediction from LookIntoBitcoin creator Philip Swift… Source link

A deep-pocketed investor is suddenly moving tens of thousands of Ethereum (ETH) tokens amid the uncertainty surrounding the crypto markets. Blockchain tracker Whale Alert initially spotted the transaction involving a large Ethereum holder relocating 97,273 ETH worth $124.69 million at time of transfer. According to Whale Alert, the large crypto trove was shifted from one unknown wallet to another wallet of unknown origin. Since the funds were not transferred to a known exchange… Source link

Ethereum was once again trading above $1,300, as cryptocurrency prices rose to start the weekend. Markets were back in the green on Saturday following a volatile week, which came as the U.S. dollar continued to strengthen. Bitcoin also surged higher, moving back above $19,000. Bitcoin Bitcoin (BTC) rose back above $19,000 on Saturday, as cryptocurrency markets climbed higher to start the weekend. Earlier in today’s session BTC/USD rallied to an intraday high of $19,237.39, which… Source link