Bitcoin

If the price rises by 10% to $11,000, the profit of $1,000 will be paid in BTC valued at the current market price ($11,000). In other words, the trader will earn a profit of 0.09 BTC or 9% on one BTC. On the contrary, if the market drops by 10% to $9,000, the trader will lose $1,000, amounting to a loss of 0.11 BTC or 11% on one BTC. Source link

Bitcoin (BTC) is on track to hit a massive $2 million within six years, asset management guru Lawrence “Larry” Lepard believes. In his latest appearance on the Quoth the Raven podcast on Oct. 16, Lepard said that BTC/USD could “easily” deliver 100x returns from current prices. Lepard: “I personally believe Bitcoin’s going to go up 100x” With Bitcoin in a downtrend for almost a year, bullish BTC price predictions are few and far between. Lepard, already known for his optimism on… Source link

Illustration: Gabriella Turrisi/Axios Bitcoin as a safe haven against inflation, once accepted wisdom for crypto proponents, is proving questionable. Why it matters: In the face of persistently high consumer price index prints, the world’s largest and oldest digital asset has crumpled, eroding investor confidence that it can act as a safe haven during times of market turmoil. State of play: Bitcoin has a sufficient history now to offer a dataset to be parsed and mined for patterns, giving way… Source link

Bitcoin (BTC) headed toward $20,000 as United States equities gained at the Oct. 17 Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks climb as U.S. dollar heads lower Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $19,672 on Bitstamp, up 3.5% versus the weekend’s lows. The pair rose in line with stocks, with the S&P 500 and Nasdaq Composite Index gaining 2.7% and 3.2%, respectively within thirty minutes’ trading. The action… Source link

Bitcoin BTC starts a new week keeping everyone guessing as a tiny trading range stays in play. A non-volatile weekend continues a familiar status quo for BTC/USD, which remains just above $19,000. Despite calls for a rally and a run to lower macro lows next, the pair has yet to make a decision on trajectory — or even signal that a breakout or breakdown is imminent. After a brief spell of excitement seen on the back of last week’s United States economic data, Bitcoin is thus back at square… Source link

On-chain data shows a Bitcoin whale has recently transferred around 500 BTC that had been previously dormant for around 5 to 7 years. Bitcoin Spent Output Age Bands Show Spike In 5-7 Years Old Coins As pointed out by an analyst in a CryptoQuant post, this movement of 500 BTC has come following the 5k BTC shift in 7 years+ old coins a while back. The relevant indicator here is the “Spent Output Age Bands” (SOAB), which tells us how many coins the different… Source link

Bitcoin (BTC) stayed rigidly tied to $19,000 into the Oct. 16 weekly close as analysts warned that volatility was long overdue. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: BTC volatility a “matter of time” Data from Cointelegraph Markets Pro and TradingView captured a lackluster weekend for BTC/USD as the pair barely moved in out-of-hours trading. After United States economic data sparked a series of characteristic fakeout events over the week, Bitcoin returned to its… Source link

DBS, the biggest bank in Southeast Asia, has some opinions on Bitcoin and other cryptocurrencies. Digitized cryptocurrency trading was only made available to the company’s high-rolling customers as recently as last month. DBS Digital Exchange is a platform for businesses and other organizations interested in entering the cryptocurrency market. You can only buy and sell BTC, BCH, ETH, and XRP on this exchange at the moment. But this isn’t the only optimistic… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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. As part of their… Source link

Bitcoin (BTC) is showing textbook macro bottom signs in a “business as usual” bear market, data suggests. In fresh findings published on Oct. 13, popular Twitter trader Alan revealed that BTC price action is closely mimicking prior cycles. Trader on Stoch data: “Don’t be shaken out” While some are concerned about the current state of Bitcoin and crypto markets, on-chain indicators have long suggested that the 2022 bear market is comfortingly similar to previous ones. Eyeing the one-month… Source link