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The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount. The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle over the defunct exchange FTX. FTX woes see Coinbase pledge trust in GBTC owner With contagion and fears over a deeper market rout everywhere in Bitcoin and altcoins at present, misgivings are impacting even the best-known — and trusted — crypto industry names. In… Source link

This is an opinion editorial by Shane Neagle, the editor-in-chief of “The Tokenist.” Macroeconomic headwinds are continuously adding to a bearish narrative across all markets, including bitcoin. As of October 2022, bitcoin is down more than 60% since the start of the year, yet bitcoin’s trading volume remains fairly consistent since July 2022. Does that mean the majority of holders are giving up on the prospect of bitcoin and opting to sell? This is a complex topic to dive into, but… Source link

Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse of crypto exchange FTX. He also believes that $10K is the real price of bitcoin, warning that “The lion’s share of the selling has not even started yet.” Schiff Predicts ‘Bitcoin Still Has a Long Way to Fall’ Gold bug and economist Peter Schiff has warned in a series of tweets about the price of bitcoin falling a long way from its current level. He began by referencing the… Source link

Since FTX’s collapse, there has been an increase in ETH accumulation As most HODLers fail to see profit, short traders appear to be accumulating As the price of leading altcoin Ethereum [ETH] lingered above the $1,200 psychological support level, data from Santiment revealed that sharks and whales have ramped up their ETH holdings in the last 13 days. 🦈🐳 #Ethereum is limboing just above the $1,200 psychological support level, and is down a modest -3.3% in the past… Source link

Litecoin (LTC) has been relatively less volatile compared to the crypto market. So far Saturday, the Digital Money has gained 0.91% to $63.23. InvestorsObserver is giving Litecoin a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Low Volatility InvestorsObserver gives Litecoin a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market. The Volatility Gauge… Source link

In this article, we will be taking a look at the 15 major companies that accept Bitcoin as payment. To skip our detailed analysis, you can go directly to see the 5 Major Companies that Accept Bitcoin as Payment. The world of cryptocurrency is a strange one, and despite having been in existence for well over a decade, anyone dealing in cryptocurrency is still seen as shady, though recent evens, which we’ll talk more about, may provide some reason behind this belief. Bitcoin was the first… Source link

Right now, most investors would be grateful for Bitcoin (BTC -0.23%) prices to reach $20,000. The spectacular collapse of cryptocurrency exchange FTX has pushed down the price of Bitcoin to the $16,000 level. And some traders are now suggesting that Bitcoin could touch $15,000 or lower before it ever sees $20,000 again. So it’s interesting to see that California-based crypto hedge fund Pantera Capital is putting out what seems to be — at first glance — a ridiculously high price target of… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. This being week two of the FTX disaster story, crypto investors can expect things to get worse before they get better. However, the two market leaders, Bitcoin and Ethereum, no longer appear to be in freefall. Bitcoin (BTC), the largest cryptocurrency by market capitalization, only dropped 1% over the past week and trades at $16,655. Ethereum (ETH), the No. 2 cryptocurrency, shaved off about 4% of its value and trades for… Source link

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject Since Wednesday, there have been concerns about the price movement of Ethereum (ETH), following reports that Genesis has suspended all payouts and reimbursements. Following the FTX catastrophe from last week, it might be the final domino to fall. Read Price Prediction for Ethereum [ETH] 2023-24 A number of… Source link

When most investors think about buying Ethereum (ETH -0.82%) these days, they are most likely focusing on all the efficiencies and performance enhancements made possible by The Merge. As a result of this transition from a proof-of-work blockchain to a proof-of-stake blockchain in September, Ethereum has become much more attractive to long-term investors. But what many investors may not be focusing on is the fact that Ethereum is now a deflationary asset. The transition to proof-of-stake,… Source link