Bitcoin

Sean Farrell is the head of digital asset strategy at Fundstrat Global Advisors. In a 2022 outlook webinar, Farrell breaks down why he doesn’t think a crypto winter is coming.  He also lays out the catalysts that could drive bitcoin and ethereum to $200k and $12k by yearend. The drumbeat of gloomy news and confidence-deflating price actions in the crypto market lately… Source link

The Nasdaq-listed company Microstrategy sees “evidence of a lot more institutional adoption” of bitcoin. The firm cited various reasons including “The circumstances and the currency volatility” in Turkey, South America, and Africa — “all of these things have elevated institutional awareness of bitcoin.” Microstrategy Outlines Future Outlook for Bitcoin The Nasdaq-listed software company Microstrategy discussed the future outlook for bitcoin during the company’s Q1… Source link

Text size Bitcoin has a supply of tokens that don’t respond to changes in price or demand. Dreamstime Bitcoin… Source link

“We do hope that all companies in this space continue to take the kind of transparent and secure approach that we know is possible,” he said in an interview. “That’s the unique thing about this industry, right? It’s not even possible in the older financial system to do something like this.” Source link

Read enough about Bitcoin, and you’ll inevitably come across people who refer to the cryptocurrency as a religion. Bloomberg’s Lorcan Roche Kelly called Bitcoin “the first true religion of the 21st century.” Bitcoin promoter Hass McCook has taken to calling himself “The Friar” and wrote a series of Medium pieces comparing Bitcoin to a religion. There is a Church of Bitcoin, founded in 2017, that explicitly calls legendary Bitcoin creator Satoshi Nakamoto its… Source link

“The percentage of bitcoin on exchanges continues to decrease. Since the all-time-high at $69,000, Glassnode shows that 42,900 bitcoin has left exchanges,” explained Marcus Sotiriou, analyst at crypto brokerage GlobalBlock, in an email to CoinDesk. “These indicators suggest that as the price has decreased by over 50% over the past few months, whales have been accumulating, whilst short-term holders capitulating. Source link

What happened Cryptocurrencies and crypto-related stocks were under pressure again in Wednesday’s trading. Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) were down roughly 4.5% and 4.1%, respectively, over the previous 24-hour period as of 5:30 p.m. ET, and Coinbase Global (NASDAQ:COIN) saw its stock end the daily trading session down 5.2%. Most top-50 cryptocurrencies are in the red over the last 24 hours of trading, and it looks like investors are… Source link

The crypto market is once again in the red on Feb. 2 as global financial markets continue to see increased volatility.  Data from Cointelegraph Markets Pro and TradingView shows that after spending the morning hovering around $38,200, BTC was hit with a wave of selling that pushed the price to $36,800. BTC/USDT 1-day chart. Source: TradingView Here is what several analysts and traders are saying about Wednesday’s Bitcoin price action and what areas to keep an eye on moving forward. Bulls are… Source link

Text size Bitcoin’s price is down by almost half from the record level it hit in November. Dreamstime The… Source link

Bitcoin (BTC) may have stopped short of $40,000, but this week’s gains have helped spark a more significant breakout for underlying price strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI breaks a two-month tradition Data from Cointelegraph Markets Pro and TradingView shows that sustained BTC price action above $37,000 this week has allowed the relative strength index (RSI) to diverge from a multi-month downtrend. After going from $36,700 to $39,280 in February,… Source link