Bitcoin

Text size Bitcoin got a boost on Thursday. Dreamstime Bitcoin and other… Source link

Former CFTC chairman Chris Giancarlo and FOX Business senior correspondent Charlie Gasparino discuss the future of digital assets on ‘The Claman Countdown.’ Bitcoin traded above $40,000, following a day of gains after snapping a two-day losing streak and trading lower in eight of the last nine days. GET FOX BUSINESS ON THE GO BY CLICKING HERE Bitcoin remains down more than 9% month-to-date and more than 10% year-to-date. Most cryptocurrencies gained on Wednesday.   What is being called… Source link

Olemedia/E+ via Getty Images Thesis Bitcoin (BTC-USD) and other cryptocurrencies have been considered taboo by much of the broader market until recently. In a short period of time we now have professional sports teams, hedge funds, and billionaires utilizing and purchasing digital assets. President Biden has now issued an executive order to coordinate financial regulators to regulate and understand digital assets. Less than a decade ago it appeared the U.S. would likely have nothing to do… Source link

Currently, the NUPL indicator is neutral, similar to mid-2018 and mid-2020. The last major cycle high was seen around the January and November 2021 price peaks, which preceded the latest 50% sell-off in BTC’s price. A price low, however, has not been triggered, which previously occurred on high volume down moves far below the average traders’ cost basis around $30,000-$40,000 BTC. Source link

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Text size Bitcoin prices have largely managed to stay afloat above $40,000 after a recent selloff. Dreamstime … Source link

Tevarak/iStock via Getty Images Anita Folsom, in inviting me to take part in this year’s Free Market Forum, originally suggested that I write about the problems of Bitcoin. Although I suppose I might have done so easily enough, I have chosen instead to review both Bitcoin’s problems and prospects. I’ve made this choice because, while I recognize Bitcoin’s shortcomings, some of which are indeed serious, and while I even go so far as to wonder whether Bitcoins will still exist when this paper… Source link

Bitcoin (BTC) is keeping traders on the edge of their seats this week as support levels come close to breaking. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders line up targets below $40,000 Data from Cointelegraph Markets Pro and TradingView shows that lines in the sand below $40,000 barely remain intact after multiple retests. The $40,000 mark has been working overtime in recent days as Bitcoin’s macro-fueled downtrend continues to play out. Falling in line with tech… Source link

“Economists and investors are looking for evidence the inflation surge that started in early 2021 is close to a peak. One possible early sign came from the monthly change in the core index. It rose 0.3% in March from the prior month, the slowest pace in six months, driven by a 3.8% decline in used vehicle prices. Another encouraging sign was that airline fares, hotel prices and other more volatile categories drove much of the price gains for services, while pressure from categories such as… Source link

Extreme fear is once again the dominating sentiment across the cryptocurrency community after Bitcoin (BTC) faced another day of trading below the $40,000 level and the United States grapples with the highest Consumer Price Index (CPI) print since 1981.  Crypto Fear & Greed Index. Source: Alternative.me Data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt to rally above $40,000 ran into a wall of resistance at $40,650 and BTC price eventually tumbled back… Source link