Tag: Bitcoin (BTC) Price

Bitfury’s CEO Explains Why Bitcoin Is Proned for Upcoming Gains

Bitfury’s CEO Explains Why Bitcoin Is Proned for Upcoming Gains

Brian Brooks – CEO of the crypto mining firm Bitfury Group – believes the value of a certain digital asset is driven by the development of its network. As such, he predicted that bitcoin will jump from its current $20,000 price tag as an increasing number of people have started employing it. $20K Is Not […]

Continue Reading

Bitcoin is Still Due for a “Final Washout” says Fundstrat Analyst

Bitcoin is Still Due for a “Final Washout” says Fundstrat Analyst

Mark Newton – technical strategist at the investment insights firm Fundstrat – is not convinced that Bitcoin has reached its bottom. He claims there is a significant chance of a “final washout” style event that could take the top cryptocurrency as low as $12,500. One Last Crash? As Newton explained in a note to Bloomberg […]

Continue Reading

Bitcoin Is a Leading Indicator for Stock Indexes, Says Legacy Investor Mark Mobius

Bitcoin Is a Leading Indicator for Stock Indexes, Says Legacy Investor Mark Mobius

Billionaire fund manager and founder of Mobius Capital – Mark Mobius – represented cryptocurrencies as a “measure of investor sentiment.” He classified bitcoin as a leading indicator that shows how the Dow Jones index will perform in the short term. BTC Has Not Bottomed Yet The American-born legacy investor Mark Mobius opined that stock traders […]

Continue Reading

The Largest Investors’ Realized Loss in Bitcoin History Just Happened, But There’s Good News

The Largest Investors’ Realized Loss in Bitcoin History Just Happened, But There’s Good News

The bloodbath that brought BTC down from $21,000 to below $18,000 during the weekend has resulted in the largest USD-denominated realized loss for bitcoin investors. Interestingly, long-term holders were among the most active sellers, some of which realized losses in excess of 70%. Largest USD-Denominated Realized Loss Streak After registering the longest negative streak in […]

Continue Reading

Celsius Drama, 3AC Insolvency Rumors, Bitcoin Amid $20K: This Week’s Crypto Recap

Celsius Drama, 3AC Insolvency Rumors, Bitcoin Amid $20K: This Week’s Crypto Recap

The market has taken a beating over the past seven days, and it’s not looking very good at the time of this writing. Bad news came from various fronts, which resulted in close to $400 billion being wiped off the total capitalization in the past week alone. Let’s unwind. Right off the bat, towards the […]

Continue Reading

$230M ETH Positions Liquidated in a Day as Ethereum Plunges Below $1.6K

$230M ETH Positions Liquidated in a Day as Ethereum Plunges Below $1.6K

Ethereum is among the most substantial loser on a daily scale, as the asset plummeted to its lowest position in over a year. Naturally, this has caused mass pain for some traders, as the ETH liquidated positions are over $200 million on a 24-hour scale. After the relatively positive trading week, bitcoin and the rest […]

Continue Reading

Bitcoin’s Price to Skyrocket by the Year’s End, Predicts deVere Group CEO

Bitcoin’s Price to Skyrocket by the Year’s End, Predicts deVere Group CEO

According to Nigel Green – CEO and Founder of deVere Group – investors should expect a “significant bounce” of bitcoin’s USD valuation in Q4, 2022. In his view, the primary cryptocurrency is highly correlated to global stock markets, and the decline for all is close to an end. ‘We’ll Soon See a Bull run’ In […]

Continue Reading

The Weekly Recap: Bitcoin Fights for $30K, Seeks First Green Candle in 9 Weeks

The Weekly Recap: Bitcoin Fights for $30K, Seeks First Green Candle in 9 Weeks

The past seven days saw some action on the cryptocurrency market to the upside, and bulls were able to reclaim some $30 billion from the total capitalization. Unfortunately, the bears once again reclaimed their grounds and seemingly took control over the past couple of days. Starting with Bitcoin, the cryptocurrency is struggling to maintain the […]

Continue Reading

Over $500M Liquidated As Bitcoin Drops Back Under $30k 

Over $500M Liquidated As Bitcoin Drops Back Under $30k 

It would seem that Bitcoin’s rally earlier this week was short-lived. The top cryptocurrency has again descended below $30,000, liquidating over half a billion dollars in leverage trades during the fall. According to BitStamp data, Bitcoin’s price held steady at about $31,781 until approximately 14: 00 UTC on Wednesday. Over the next three hours, the […]

Continue Reading

Institutional Exodus: Crypto Fund AUM Fell to Lowest Levels in 10 Months

Institutional Exodus: Crypto Fund AUM Fell to Lowest Levels in 10 Months

Institutional funds are still flowing out of crypto products, so much so that over the past week, the total assets under management (AUM) figure fell to a ten-month low. CoinShare’s weekly ‘Digital Asset Fund Flows’ report has detailed another week with an exodus of institutional capital. The $141 million outflows have dropped the total AUM […]

Continue Reading