Bitcoin

In recent weeks, high inflation and rising bond yields have tempered enthusiasm for more speculative assets like cryptocurrency. And the Federal Reserve’s plan to hike interest rates three time in 2022 has added fuel to that fire, triggering the most recent crypto crash. In fact, the crypto market is now down about 35% from its all-time high. Of course, seasoned investors know that volatility is common when dealing with these digital assets. The… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source link

Bitcoin (BTC) has dealt significant pain to bulls in recent weeks, and now, fresh data shows just how much. In a tweet on Jan. 10, on-chain analytics firm Glassnode revealed that those longing BTC had suffered a rerun of last May, when BTC/USD began to fall toward $30,000. Long traders fail to “catch the knife” According to Glassnode’s Longs Liquidations Dominance metric, the “majority” of liquidations over the new year involved longs. This is unsurprising, given Bitcoin’s overall… Source link

Bitcoin (BTC) may end up falling to as low as $30,000 if the U.S. inflation data to be released on Wednesday comes any higher than forecasted, warns Alex Krüger, founder of Aike Capital, a New York-based asset management firm. The market expects the widely-followed consumer price index (CPI) to rise 7.1% for the year through December and 0.4% month-over-month. This surge highlights why the U.S. Federal Reserve officials have been rooting for a faster normalization of their monetary policy… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source link

The second largest bitcoin mining nation in the world has cut off internet access, slashing the amount of computing power dedicated to the cryptocurrency … Source link

Text size Bitcoin Dreamstime Bitcoin declined to three-month lows on Friday as… Source link

It’s been a bad start of the year for Bitcoin (BTC-USD), and 2022 could bring in a bit more pain.   While some bulls continue to forecast $100,000, one strategist doesn’t see that happening this year – or next. “Long term, I love cryptocurrency, I love Bitcoin. But the charts — and I’m a technician — are just not showing that,” Gareth Soloway, president and CFO of InTheMoneyStocks.com told Yahoo Finance Live. “Bitcoin for me, has a nasty head-and-shoulder pattern on it. Believe or not, in… Source link

Bitcoin’s getting a drubbing this week as the Federal Reserve readies a removal of stimulus, but bulls are feeling as emboldened as ever. The largest cryptocurrency by market value has shed about $80 billion since the start of the year amid a slump that’s brought it to its lowest levels since its early-December flash-crash. But out have come predictions it can still reach the vaunted $100,000 level at some point this year. It would have to more than double from current levels around… Source link

Text size Cryptocurrencies fell in tandem with stocks Wednesday. Advisor/Dreamstime