Day: November 8, 2022

Dogecoin Co-Founder Predicts Bitcoin Will Hit $100,000

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The largest cryptocurrency, Bitcoin, has hit a 5% decline from its $20K level, which it has maintained for a couple of weeks. However, during the short rally a few weeks back, Bitcoin’s valuation recovered from its 3-month low, shooting above $21,000. These gains brought hope to the crypto market and boosted investors’ confidence that the crypto winter is about to end. However, the November 7 market record has shattered their hopes, with many cryptocurrencies falling back to their decline, including Bitcoin and Ethereum. But Billy Markus, the co-creator of Dogecoin,…

Coinbase just revealed THIS SHOCKING NEWS about Cardano (ADA)!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase has just revealed this shocking news about Cardano ADA which could affect their future price. Cardano has major plans for later this year and Coinbase is now in the middle of it. Cardano ADA has been on a downward trend, along with the rest of the crypto market, although this could quickly change as their aim to be a de-fi powerhouse and their volume increases. With the Coinbase news, there is a big future ahead of Cardano ADA. Business inquiries 👉…

Binance/FTX Deal Sends Bitcoin, Other Cryptos Spiraling

In the immediate aftermath of the announced deal, they sent bitcoin’s price tumbling well below $20,000, its support of the last two weeks. Hours later, prices were bounding above the threshold. But by the afternoon, the largest cryptocurrency by market capitalization had plummeted under $19,000 for the first time since mid September. BTC was recently trading at about $18,500, down more than 10% over the previous 24 hours and its first time under $19,000 since mid October. Source

Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’ – Markets and Prices Bitcoin News

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Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum has dropped to low levels in comparison to traditional assets, and this trend could “tilt risks against those not accumulating partial crypto exposure.” Mike McGlone Thinks Bitcoin and Ethereum May Have Bottomed, Says ‘Cryptos Could Regain an Edge’ According to Mike McGlone, Bloomberg Intelligence’s senior commodity strategist, the top leading…

Institutional Outflows From Bitcoin Paints Bearish Picture For Crypto Market

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Institutional investors have been quite neutral on both bitcoin and the crypto market at large for a while now. This has translated into a mix of inflows and outflows into various digital assets, alternating with each passing week even through the bear market. However, current net flow records show that these large investors are beginning to find their chosen position in the market and it is in the camp of the bears. Bitcoin Sees Outflows Bitcoin had been recording minor inflows in the last month-and-a-half which had been good for…

FTX’s Push for US Crypto Clearing Left In Suspense By Binance Deal

“Its proposal with the CFTC to offer central clearing of margin products to retail customers will be seen in a different light,” said Ian Katz, a managing director at Capital Alpha Partners, in a Tuesday research note. Bankman-Fried has been on a Washington charm offensive in recent weeks, Katz wrote, but this development will mean the company’s “advocacy role in D.C. will, at the very least, be diminished.” Source

Crypto Market Tanks As Binance And FTX Battle Continues

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Recently, the crypto space has been facing an unexpected display between two prominent crypto exchanges, Binance and FTX. The CEO of Binance, Changpeng Zhao (CZ), announced that the exchange would liquidate all FTT tokens in its holdings. Naturally, this news created a negative impact on FTX and its token. Further, the entire crypto market has been thrown into the red as most crypto assets are losing value. The crash in the price of FTT is also influenced by a massive depreciating trend on several other tokens. FTX Token (FTT) Falls…

Bitcoin Miner Marathon Digital Misses Q3 Revenue Estimates, Lowers Hashrate Outlook for 2022

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The first risk, said Jefferies, is Marathon’s expectation of 3.2 EH/s to be plugged into a Compute North facility in Texas. In addition to regulatory delays, there’s the issue of Compute North’s bankruptcy, and whether Marathon might have to renegotiate terms with the hosting company. The other risk, said the bank, is 12.2 EH/s expected from Applied Blockchain (APLD) facilities in North Dakota and Texas, which are also facing regulatory delays. Original