Bitcoin

Bitcoin slumped Wednesday and into Thursday. Jirapong Manustrong/Getty Images Bitcoin could fall below $30,000 in 2022 as air leaves the crypto bubble, Invesco said in its “improbable but possible” forecasts. Invesco strategist Paul Jackson said the marketing around bitcoin reminds him of the run-up to the 1929 crash. If bitcoin follows the trend of other manias, then a rocky couple of years lie ahead, he predicted. Bitcoin could tumble below $30,000 this year as the air comes out of… Source link

Jan 17 (Reuters) – As bitcoin heads into 2022, a growing cohort of long-term investors is doubling down on its stashes of the cryptocurrency, hoping a December dip was merely a festive blip. Some industry watchers point to the underlying stability of such long-term investments as potentially promising indicators for the capricious cryptocurrency. Since last July, for example, the amount of bitcoin held in digital wallets with no outflows for more than five months has been steadily increasing,… Source link

Bitcoin (BTC) hovered near $43,000 on Jan. 17 as its “boring” price action combined with signs that the market could be stabilizing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Leverage comes off all-time highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying firmly within its established trading range between $40,000 and $45,000. With few surprises expected thanks to the Wall Street holiday, traders took the opportunity to call for a level-headed… Source link

Put-call skews, which measure the spread between prices of puts, or bearish bets, and calls, bullish bets, were trading little changed at press time, implying a neutral bias. One-month futures listed on the Chicago Mercantile Exchange (CME) barely drew a premium to the spot price while those on other exchanges were trading at a premium of less than 5% annualized, a far cry from the double-digit figures observed in October and November. That’s perhaps the result of traders selling futures to… Source link

Bitcoin (BTC) starts a new week facing multiple hurdles but with strong internal support — can old resistance below $50,000 finally fall? A correction event now almost in its third month is frustrating many, but conditions may soon be right for a fresh charge against opportunistic bears, an increasing number of analysts are saying. With inflation running hot and United States lawmakers set to make the Bitcoin mining debate public this week, there are plenty of potential pitfalls in… Source link

The relative strength index (RSI) on the daily chart is rising from oversold levels, similar to what occurred in late-September, which preceded a price rally. This time, however, upside momentum is starting to wane on weekly and monthly charts, which lowers the chance of signifiant buying. Source link

Bloomberg — Consumers and businesses are increasingly starting to use digital tokens other than Bitcoin for purchases, according to BitPay Inc., one of the biggest crypto payments processors in the world.Last year, Bitcoin’s use at merchants that use BitPay dropped to about 65% of processed payments, down from 92% in 2020, the company told Bloomberg. Ether purchases accounted for 15% of the total, stablecoins were 13% and new coins added to BitPay in 2021 — Dogecoin,… Source link

Cryptocurrency Bitcoin (CRYPTO:BTC) has been one of the best investments you could have made over the past several years. It’s up roughly sixfold over the past 24 months, and many times more over its lifetime. Bitcoin’s market cap has ballooned to roughly $820 billion, more than a third of all value among cryptocurrencies. Bitcoin’s rate of appreciation may slow down at this large size, making a bear market possible for Bitcoin in 2022 if investors… Source link

For bitcoin enthusiasts in Kosovo with a breezy attitude to risk, it has been a good week to strike a deal on computer equipment that can create, or “mine”, the cryptocurrency. From Facebook to Telegram, new posts in the region’s online crypto groups became dominated by dismayed Kosovans attempting to sell off their mining equipment – often at knockdown prices. “There’s a lot of panic and they’re selling it or trying to move it to neighbouring countries,” said cryptoKapo, a… Source link

Bitcoin has had its fair share of bear markets in the past. Let’s briefly recap the most significant ones and see what we can learn from them. The 2011-2012 Bear Market The bitcoin price fell from $29 on June 8, 2011 to $2.10 on November 18, 2011, followed by months of sideways action: The first bear market, 2011-2012. Chart data source: CoinMetrics.io The most painful bear market happened before most of us were even aware that something like bitcoin existed. More than ten years ago, the price… Source link