Bitcoin

On today’s show we’re taking a look at new research suggesting that central bank may wind up as bitcoin holders, for good reason, courtesy of Noelle Acheson, the former head of research at CoinDesk and Genesis Trading. December 10, 2022 Listen on: Source link

Yuri Molchan In a recent tweet, Elon Musk speaks about a thing that could make Bitcoin price reverse Contents Economists expect 50 basis points hike – how will Bitcoin react? Bitcoin rose on the news of possibly lower hikes in November Head of Tesla, SpaceX, Twitter (as of late) and a few other innovative companies, Elon Musk, has taken to Twitter to name an event that will take place next week and which, if it happens they way he expects it, may become become another driver for… Source link

Bitcoin (BTC) mining is the backbone of the BTC ecosystem and miners’ returns also provide insight into BTC’s price movements and the health of the wider crypto sector. It is well-documented that Bitcoin miners are struggling in the current bear market. Blockstream, a leading Bitcoin miner recently raised funds at a 70% discount. Current mining activity shares similarities to historic BTC bear markets with a few caveats. Let’s explore what this means for the current Bitcoin cycle…. Source link

Blockware Intelligence, the research arm of Blockware Solutions, has released its 2023 forecast, which indicated, among other things, that the bitcoin price bottom could be in soon. The report included a larger macroeconomic overview and forecast, alongside bitcoin’s response as well as on-chain indicators that suggest potential future movements. Short-term holder realized price (STH RP), as indicated by the report, is a more volatile, quick-to-move metric determined by the price of coins… Source link

Here we go again. The CEO of Goldman Sachs, David Solomon, published an op-ed in the Wall Street Journal headlined “Blockchain Is Much More Than Crypto,” which claims there’s a future for the technology—so long as that future gets to be determined by a small group of powerful people. Here’s a selection from the op-ed: “I still see blockchain as a promising technology if allowed to innovate under the right conditions. Under the guidance of a regulated financial institution like… Source link

Yuri Molchan Prominent investor and Bitcoiner names driver that is likely to push BTC price way up Contents “People who own Bitcoin will get richer” Bitcoin expected to rise against TSLA Robert Kiyosaki, former real-estate investor who made his fortune on it but then turned towards business in financial education, and who is also widely known as the author of the popular book on financial literacy “Rich Dad, Poor Dad,” has spoken about Bitcoin on Twitter after a pause. He tweeted that… Source link

Bitcoin (BTC) stayed higher after a $17,000 liquidity grab on Dec. 9 as traders targeted further upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin attempts new monthly high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility once more after hitting $17,300 on Bitstamp. The pair had begun by taking liquidity at the Dec. 8 Wall Street open, this snowballing to see it challenge one-month highs from Dec. 5. For those already betting on… Source link

Bitcoin and crypto market twist has brought unexpected changes to almost all assets. Prices have been declining with little or no hope for a reversal. The FTX exchange fiasco intensified the performance as several losses have been recorded in the entire crypto space. Following the events, the price of Bitcoin dipped below its critical resistance level of $20K. Since then, the primary cryptocurrency has plummeted as the value slipped toward the $17K region. Over the past 24 hours, BTC could… Source link

In today’s analysis, BeInCrypto looks at the Wyckoff schematics, which can explain the current accumulation phase of the Bitcoin (BTC) price. This pattern, known from traditional markets, has already been used to correctly identify the peak of the cryptocurrency bull market in 2021. However, if Wyckoff accumulation is to play out according to its basic pattern, Bitcoin should not fall below the Nov. low at $15,476. Moreover, in the near future, the largest cryptocurrency needs to reclaim… Source link

Bitcoin (BTC) ranged below $17,000 at the Dec. 8 Wall Street open as the U.S. dollar threatened further weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar dips as stocks see modest upt Data from Cointelegraph Markets Pro and TradingView showed BTC/USD practically flat over the 24 hours to the time of writing. With macro cues lacking, analysts eyed a potential breakdown in U.S. dollar strength as the next volatility catalyst for crypto and risk assets. The U.S. dollar… Source link