Bitcoin

“I suspect growth projections for 2022 around the world will need to be sharply revised lower, and it will be interesting to see what the central banks of the world will do. I believe Europe and Asia will halt thoughts of monetary policy normalization, and with Europe on the front lines, I can’t blame them,” Jeffrey Halley, senior market analyst, Asia Pacific, Oanda, said in an email. Source link

Bitcoin (BTC) plunged to below $38,000 on March , giving up all the gains it had made last week, which saw BTC/USD rally over $45,000. BTC back below $40K as oil soars The losses appeared due, primarily, to selloffs across the risk-on markets, led by the 18% rise in international oil benchmark Brent crude to almost $139 per barrel early March 7, its highest level since 2008. Nonetheless, Bitcoin’s inability to offer a hedge against the ongoing market volatility also raised doubts over its… Source link

At CoinGeek, we’ve been trying to expose the attack on Bitcoin by financial incumbents for many years. Our Chief Bitcoin Historian Kurt Wuckert Jr. has done excellent work exposing Mastercard’s virtual takeover of BTC (links below), and it seems that the message is finally starting to get through. On social media and in various forums, digital currency users have begun to notice and express concerns about connections between some prominent projects and financial organizations they view… Source link

Bitcoin (BTC) starts a new week in the shadow of a deepening geopolitical nightmare unfolding in Ukraine. As retaliation for the Ukraine invasion and the macroeconomic consequences grow, crypto by and large is struggling to keep up. A curious paradox has presented itself this month. Despite investors and those directly impacted by the war assumedly looking for a safe haven, that has broadly not been Bitcoin or even stablecoins. Instead, stocks, which have taken a hit thanks to sanctions and… Source link

Cryptocurrency’s breakthrough from the financial fringes to the mainstream has been characterized by major investors like Paul Tudor Jones — and some companies like Microstrategy (MSTR) and Tesla (TSLA) — dipping their toes into Bitcoin (BTC-USD). Even Apple (AAPL) CEO Tim Cook is getting in on the action. Yet some financial advisors and wealth managers appear to be struggling over how to adapt to the new era, in a sector defined by head-spinning price action, still-evolving regulation,… Source link

Bitcoin (BTC) headed lower into the weekly close on March 6 with geopolitical tensions and associated macro weakness firmly in focus. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Could 2022 bring a “Greater Depression”? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting its lowest levels in over a week Sunday after volatility returned overnight. The pair was in the process of testing $38,000 support at the time of writing, with three-day losses approaching… Source link

The layer-one (L1) ecosystem has received increased attention in recent months as users search for new investment opportunities in the Cosmos (ATOM), Fantom (FTM) and NEAR.  Following January’s market sell-off, where Bitcoin (BTC) price dropped to bottom below $34,000, much of the L1 field has struggled to regain its momentum. Price performance of L1 tokens since Jan. 24. Source: Delphi Digital According to data from Delphi Digital, since the BTC bottom on Jan. 24, the only L1 to experience a… Source link

Bitcoin (BTC) stayed below some critical support zones into the weekend after a late sell-off cost bulls the $40,000 mark. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Upper range support levels crumble for BTC Data from Cointelegraph Markets Pro and TradingView painted a lackluster picture for BTC/USD Saturday, the pair lingering near $39,000 after seeing lows of $38,600. Traders had hoped that various price points above $40,000 would be sufficient to steady the market after its… Source link

The price of any asset is always impacted by a combination of factors. Unlike traditional financial assets, bitcoin has historically had its own set of factors affecting its price. Do things look any different now? Let’s find out. Basic Factors: Supply And Demand Bitcoin’s price is heavily dependent on supply and demand fluctuations, just like other assets. However, contrary to measures of fiat money, bitcoin’s supply is always known and its hard cap is set at 21 million coins. The demand… Source link

Although bitcoin mining doesn’t involve hard hats, soot or nonmetaphorical canaries, the noise inside the retrofitted shipping container Edward Weniger owns in Omaha, Nebraska, does kind of sound like heavy machinery boring through the center of the earth. That noise is partly coming from the dozens of “rigs” — hot-rodded computers, basically — mining bitcoin inside. The highest decibels… Source link