Bitcoin

Cryptocurrency’s rise to mainstream pop-culture phenomenon has certainly transformed the overall blockchain ecosystem for the better; more people than ever before are actively participating and aware of the technology, institutions once rejecting cryptocurrency are investing millions of dollars in it and even “old-money” strongholds such as J.P. Morgan and Goldman Sachs are publishing reports on the performance of various digital assets. Yet, the mainstream acceptance of blockchain… Source link

“The macro landscape is looking positive in my opinion,” wrote Marcus Sotiriou, analyst at the U.K.-based digital asset broker GlobalBlock in a newsletter. “I am not concerned whether there is a 50-basis point rate hike or not. What matters is how strong the consumer is. The University of Michigan consumer sentiment index is flat, showing that we do not have unanchored inflation expectations, meaning that people do not think inflation is going to run away. This was not the case in the… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Text size Bitcoin prices took a big tumble on Monday but have since rebounded. Rutmer Visser/Dreamstime The… Source link

Bitcoin (BTC/USD) Analysis Bitcoin regains after massive sell-off Key Highlights BTC regained above $40,000 after a massive sell-off. The pair was one of the worst performers this month and lost more than $10,000 following in the footsteps of U.S. stock markets. Technical Analysis Intraday trend – Bearish On the daily chart, the pair is trading below Tenken-Sen ($40,998), Kijun-sen ($43,390), and Ichimoku Kumo cloud ($41,363). Bitcoin hit an intraday high of $41,250 and is currently trading around… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

On the other hand, the Fed also might move to tamp down inflation by tightening monetary policy, which could crimp economic growth and put downward pressure on stock prices and, lately, bitcoin has been unusually correlated with stocks. The last time the U.S. saw inflation at the current, elevated levels was in the early 1980s, and the Fed, then led by Paul Volcker, raised the benchmark interest rate to nearly 20%. Source link

Bitcoin (BTC/USD) Analysis Aggressive Fed rate hike hopes, strong dollar weighs on bitcoin Key Highlights BTC declined below $40,000 on long liquidation in the futures market. The strength in the US dollar in hopes of aggressive rate hikes has also put pressure on risky assets like Bitcoin. Technical Analysis Intraday trend – Bearish On the daily chart, the pair is trading below Tenken-Sen ($41334), Kijun-sen ($43726), and Ichimoku Kumo cloud ($40956). Bitcoin hit an intraday low of $38,547 and is… Source link