Bitcoin

One of the biggest casualties of the cryptocurrency selloff is the Grayscale Bitcoin Trust.  The $27 billion fund (ticker GBTC) has plunged nearly 17% so far in 2022, outpacing Bitcoin’s nearly 9% decline. As a result, GBTC’s price closed 26.5% below the value of the Bitcoin it holds on Tuesday, widening GBTC’s so-called discount to record levels, according to Bloomberg data. Source link

Most observers say the $40,000 level for bitcoin is a line in the sand for the bulls. Photo: armend nimani/Agence France-Presse/Getty Images Source link

The cryptocurrency market faced another day of weakness on Jan. 18 as the price of Bitcoin (BTC) dropped lower and additional pressure was also put on the altcoin market. Currently, the crypto Fear and Greed Index registered “Extreme Fear” among investors and some traders caution that BTC price could soon fall below its recent $39,000 swing low. Crypto Fear & Greed index. Source: Alternative Data from Cointelegraph Markets Pro and TradingView shows that bulls lost control of the $42,000… Source link

Text size Dreamstime Cryptocurrencies can’t seem to shake off rising bond yields. With regulatory pressures also… Source link

Bitcoin (BTC) has “at least one more upward impulse to come” before reaching this halving cycle’s all-time high, new research maintains. In a series of tweets about the current state of BTC price action, popular analyst TechDev argued that contrary to many opinions, there is nothing unusual about BTC/USD in 2022. Bitcoin in 2021: Nothing to see here With a drawdown of 40% from November’s all-time highs of $69,000 still ongoing, sentiment has likewise taken a hit — “extreme fear”… Source link

Text size Dreamstime Bitcoin’s fair value is $20,851, according to the only valuation model I’m aware of for this… Source link

Nassim Taleb. Mohd Zakir/Hindustan Times via Getty Images Nassim Taleb has compared bitcoin to a disease and called it worthless in recent months. “The Black Swan” author said the cryptocurrency is in a fragile, speculative bubble. Bitcoin isn’t a currency, store of value, inflation hedge, or haven for investors, Taleb said. Nassim Nicholas Taleb has fired off a bunch of incendiary tweets about bitcoin over the past six months. The author of “The Black Swan” and “Antifragile” has… Source link

Bitcoin’s (BTC) sudden crash on Jan. 10 caused the price to trade below $40,000 for the first time in 110 days and this was a wake-up call to leveraged traders. $1.9 billion worth of long (buy) futures contracts were liquidated that week, causing the morale among traders to plunge. The crypto “Fear & Greed” index, which ranges from 0 “extreme fear” to 100 “greed” reached 10 on Jan. 10, the lowest level it has been since the Mar. 2020 crash. The indicator measures traders’ sentiment using… Source link

Photo: ozan kose/Agence France-Presse/Getty Images Without fanfare or debate, Congress has recently determined… Source link

Kasta co-founder Carl ‘The Moon’ Runefelt provides his outlook for bitcoin in 2022 on ‘The Claman Countdown.’ Bitcoin prices tumbled on Monday with stock and bond markets closed for the Martin Luther King holiday.    The largest crypto by market value slipped over 1% in afternoon trading, hovering around the $42,000 level.  BITCOIN MINER REVEALS HOW TO MINE CRYPTOCURRENCY FROM YOUR TESLA Ethereum and Dogecoin were also lower.  LIVE: CRYPTOCURRENCY PRICES     Despite the ongoing… Source link