Bitcoin

Bitcoin (BTC) starts one of the most important macro weeks of the year in a precarious position below $17,000. After its latest weekly close, BTC/USD showed little upward momentum prior to the Dec. 12 Wall Street open. With volatility yet to appear, the largest cryptocurrency continues to trade in a narrow range, and analysts are increasingly impatient for new catalysts. These, they agree, should come in the next few days — United States economic data is due, and its content and impact on… Source link

Bitcoin price failed to clear the $17,300 zone and corrected lower. BTC could find a strong buying interest near $16,900 or $16,700 in the coming sessions. Bitcoin failed to gain pace for a move above $17,300 and $17,450. The price is trading below $17,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $17,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could bounce back if it stays above the $16,900… Source link

Bitcoin and Ether fell slightly in Monday morning trading in Asia, along with all other non-stablecoin cryptocurrencies in the top 10, excluding Litecoin. Investors await November’s consumer price index, a key inflation indicator to be released Tuesday, while bracing for another interest rate hike on Wednesday. See related article: Sam Bankman-Fried misses deadline to respond to Senate Committee hearing Fast facts Bitcoin was trading at US$17,106, down 0.1% in the 24 hours to 8 a.m. in Hong… Source link

Popular crypto analyst Nicholas Merten says the near-term fate of Bitcoin (BTC) over the coming weeks will depend on two key macroeconomic events. In a new video update, the host of DataDash tells his 511,000 YouTube subscribers that the market is waiting for the Consumer Price Index (CPI) report and the last Federal Reserve meeting of the year, both slated for this week. “Why are people not buying the dip? The reason, in my opinion, is what’s coming up here next week and it… Source link

“Rich Dad, Poor Dad” author Robert Kiyosaki says that people who own Bitcoin (CRYPTO: BTC) will end up wealthier than those he describes as “fake money savers,” and encourages his Twitter follower to purchase the apex crypto. In a Friday tweet, Kiyosaki said Bitcoin holders would likely get richer when the Fed changes its monetary policy and begins to print more money. He also said that besides Bitcoin, precious metals like gold and silver are likely to return more value, unlike saving… Source link

Bitcoin (BTC) is too “decentralized and transparent” for former FTX CEO Sam Bankman-Fried, says Cathie Wood. In a tweet on Dec. 10, Wood, who is CEO of investment giant ARK Invest, delivered a fresh damning appraisal of the FTX saga. Wood: SBF “couldn’t control” Bitcoin As the legal ramifications of FTX and Bankman-Fried, also known as SBF, continue, Bitcoin loyalists are giving him little sympathy. ARK’s Wood is now firmly among them, not mincing her words as BTC price action continues to… Source link

This is an opinion editorial by Logan Bolinger, a lawyer and the author of a free weekly newsletter about the intersection of Bitcoin, macroeconomics, geopolitics and law. “I’m more interested in asking the question, is the world that we want to live in one where we need to hyperfinancialize every aspect of an individual’s life because financial conditions on a macro level are such that you have to financialize your whole being in order to keep up or get ahead? Is that truly a victory… Source link

Bitcoin (BTC) price had a mixed reaction on Dec. 9 after the November report on United States producer prices showed a 7.4% increase versus 2021. The data suggested that wholesale costs continued to rise and inflation may last longer than investors had previously believed. Oil prices are also still a focus for investors, with crude WTI hitting a new yearly low at $71.10 on Dec. 8.  The United States Dollar Index (DXY), a measure of the dollar’s strength against a basket of top foreign… Source link

Bitcoin (BTC 0.02%) may be down almost 65% for the year, but that’s not stopping some high-profile names in the finance and crypto world from putting out some incredibly bullish future price targets. For example, billionaire venture capitalist Tim Draper recently put out a $250,000 price target for Bitcoin. And he thinks it’s getting there by June 2023. Of course, Draper has been wrong before with his Bitcoin predictions. Back in 2018, he famously predicted that Bitcoin would hit $250,000… Source link

Bitcoin (BTC) maintained $17,000 support into Dec. 10 ahead of a critical week of macro data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI print will make Fed “slow down” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded sideways after the close of trading on Wall Street. The pair looked set for a quiet weekend, with all eyes focused on United States inflation readings and policy updates due from Dec. 13 onward. With the Producer Price Index… Source link