Key Takeaways Crypto has risen to start the year off the back of expectations that interest rates may be cut sooner than anticipated This contrasts with the view that crypto is uncorrelated, proving it false Assessing the price action of crypto through the pandemic and
BlockFi filed for Chapter 11 bankruptcy in November 2022 citing exposure to the just collapsed FTX. The plan to sell off the loans backed by Bitcoin mining machines is part of the bankruptcy proceedings. Bidders have until before the end of January to submit offers.
Bitcoin’s rally from December lows after the FTX collapse surprised many investors, Glassnode says in its weekly report. Bitcoin could see further upside but a fresh buy signal is likely at prices around $28.3k. Selling pressure above $23.3k is more likely given short-term holders and
Key Takeaways Ethereum has historically outperformed Bitcoin in bull runs The pattern has flipped to start the year, with Bitcoin dominance rising Our Analyst Dan Ashmore jumps on-chain to look through history, and show how and why the pattern is changing The Flippening, huh? Nothing
Bitcoin rose to $17,000 on Monday. InvestAnswers thinks BTC is about to become bullish based on realised value. The token faces resistance at $19,000 and 50-day MA. Bitcoin price (BTC/USD) was up marginally on Monday as most cryptocurrencies made slight recoveries. BTC was back to
Bitcoin is trading below $17k once again after losing roughly 2% of its value today. Bitcoin mining difficulty is down 7.2%, the biggest drop in more than a year. The total crypto market cap is also down by nearly 2% in the last 24 hours.
Bitcoin rose on Thursday after Powell’s statement indicated slower rate hikes. BTC price has recovered above the 20-day MA. The long-term momentum is bearish for BTC unless bulls win back the $19,000 level. Bitcoin (BTC/USD) saw increased buyer interest on Thursday, rising to over $17,100.
BTC has been in a consolidation phase in the past few days. Bitcoin’s fear and greed index has moved to the fear level. The broad fear index by CNN Money is still in the greed zone. Bitcoin price remained under intense pressure as concerns about