Bitcoin

Bitcoin is long overdue for a “FOMO rally” to new all-time highs that could touch $200,000 or more, say one of its oldest investors. In an interview with Bloomberg on Sept. 29, Bobby Lee, former CEO of exchange BTCC, cast aside any suggestion that the price of Bitcoin (BTC) was in trouble. Lee: Bitcoin has been due for next rally “for a long time” One of an increasing number of sources staying bullish on Bitcoin for Q4, Lee — who went on to found wallet manufacturer Ballet —… Source link

Bitcoin (BTC) trudged toward $43,000 on Wednesday, Sept. 29, as a “macro predicament” kept bulls on their toes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC in yet another dip below $41,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging slightly higher after a fresh $40,000 retest overnight. The pair had shown what could be underlying strength after multiple probes of the $40,000 mark, but on Wednesday, traders were warning more broadly, little… Source link

However, according to analysts, much of the selling pressure came through new investors. “What we see here is that older market participants are sitting tight on their holdings, shown by the average lifespan of spent outputs declines,” Blockware Intelligence’s newsletter dated Sept. 17 said. “As a general rule of thumb, high spending from older entities is bearish, low spending from older entities is bullish.” Source link

Getty Images The epicenter of Bitcoin mining has called it quits. On Sept. 24, China’s… Source link

Cryptocurrency-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Bit Digital Inc (NASDAQ: BTBT), are trading lower amid a decrease in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Weakness in crypto stocks may also be in sympathy with overall markets amid a rise in bond yields, which has weighed on growth sectors such as technology. Marathon Digital is focused on mining digital assets. It owns crypto-currency mining… Source link

“[S]eparatism used to be a fitting response, e.g., in 2017, when actual bad actors tried to hurt the movement,” Wertheimer said. “[H]owever, 2021 is different, the new crowds aren’t trying to hurt anyone, and separatism doesn’t achieve the stated goal of ‘educating’ anyone.” (Wertheimer did not respond to a request for comment.) Source link

After a bearish day for Bitcoin and the majors on Tuesday, it’s been a broadly bullish Wednesday morning. At the time of writing, Bitcoin, BTC to USD, was down by 0.29% to $42,059.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $42,777.0 before hitting reverse. Falling well short of the first major resistance level at $43,646, Bitcoin slid to a late morning intraday low $41,548. While steering clear of the first major support level at $41,425, Bitcoin tested… Source link

Bitcoin (BTC) analysts are eyeing short-term volatility as whales begin unprecedented behavior. Fresh data shows that whales have not only been highly active on the market — they’ve been moving record amounts of BTC. Whale activity beats Bitcoin all-time highs Despite BTC price action staying in a narrow, uninspiring range of around $40,000, large-volume Bitcoin investors are anything but calm. In recent weeks, these whales have shifted more coins around the network than ever before —… Source link

Bitcoin (BTC) fell below $42,000 on Sept. 28 as the largest cryptocurrency worsened overnight losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC bulls run out of steam at $44,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching local lows of $41,670 on Bitstamp. The fall followed a $1,000 hourly loss late Monday, which firmly halted any bullish hopes from the weekend’s high of $44,400. The turnaround was broadly expected. As Cointelegraph Source link

In just ten years, the flagship cryptocurrency Bitcoin has garnered a wide range of prominent and notorious monikers: Bitcoin is…the future of money, Internet drug money, the future of the financial industry, a speculative bubble, a global currency, a direct threat to the U.S. Dollar, a looming environmental disaster, to name a few.  An often completely unprecedented legal situation exists at almost every twist and turn in the cryptocurrency industry…. Source link