Tag: Bullish

Why Cathie Wood is bullish on Coinbase stock and believes Bitcoin will reach $1 million

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In an interview with Bloomberg, ARK Invest CEO and CIO Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the SEC sued Binance, one of Coinbase’s biggest competitors. ARKK purchased nearly 330,00 shares of COIN on June 6, 2023, worth about $17 million at the time, according to disclosure statements. Two other funds, Ark Fintech Innovation ETF and Ark Next Generation Internet ETF, also bought 35,700 shares, worth $1.8 million, and 53,900 shares, worth $2.8 million, respectively. …

Bitcoin price slips after Fed decision, ethereum price at a critical turning point, Tradecurve bullish

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following the Federal Reserve’s decision to pause interest rates, bitcoin experienced a decline, with prices slipping to $25,000. The cryptocurrency market is grappling with intricate security law matters, and ethereum (ETH) has also witnessed notable volatility, reaching a critical juncture with an uncertain future trajectory. Amidst these developments, tradecurve (TCRV) prices have observed a 20% increase.  >>Buy TCRV tokens now<< Bitcoin price falls after Fed decision Bitcoin (BTC) prices fell in the last 24 hours below…

Former BitMEX CEO Arthur Hayes Remains Bullish on Bitcoin (BTC)

Bitcoin’s strong bounce back despite the SEC lawsuits has made analysts optimist about the beginning of the next bull run. After facing strong selling pressure earlier this week, the world’s largest cryptocurrency Bitcoin (BTC) has given a strong bounceback today moving closer to $27,000. As of press time, BTC is trading 3.2% up at a price of $26,603 and a market cap of $515 billion. The recent bounce back has created optimism among Bitcoin enthusiasts with analysts turning bullish on the crypto once again. Former BitMEX CEO Arthur Hayes recently…

Bitcoin price chart flashes a bullish sign that could lead to breakouts in ADA, QNT, RNDR and RPL

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The United States equities markets welcomed the debt ceiling deal and the May nonfarm payrolls data on June 2 with strong rallies. The S&P 500 rose 1.8% during the week while the tech-heavy Nasdaq was up 2%. This was the sixth successive week of gains for the Nasdaq, the first such occasion since January 2020. In addition to the above, the expectation of the Federal Reserve remaining in a pause mode during the next meeting may have acted as a catalyst for the rally. CME’s FedWatch Tool is showing a…

Bitcoin wicks down to $26.5K, but trader eyes chance for ‘bullish surprise’

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Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Traders bet on $27,500 BTC price ceiling Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $26,519 on Bitstamp after the daily close. The pair showed little signs of a trend change as a stalemate between bulls and bears continued to produce little volatility. The collection of moving averages (MAs) and the short-term holder (STH) realized price near $26,000, thus staying untested on intraday timeframes.…

Blackrock CEO issues dire warning over ‘debt ceiling drama’ — Bullish for Bitcoin?

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Blackrock CEO Laurence Fink believes the recent “drama” around the United States debt ceiling has deteriorated global trust in the U.S. dollar, something that other analysts predict could provide some tailwinds for Bitcoin (BTC). Fink’s comments come as U.S. lawmakers passed a highly-anticipated bill to lift the $31.4 trillion debt ceiling on June 1. The U.S. Treasury indicated that the deadline for raising the debt ceiling was June 5. Any later, the country could begin defaulting on its debts. 314-117: The House passes the Biden-McCarthy debt ceiling agreement, raising the debt…

U.S. debt ceiling crisis: bullish or bearish for Bitcoin?

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In the latest Cointelegraph Report, we assed the risk of a possible default in the U.S. and the impact of the debt ceiling crisis on crypto and the broader markets. The United States has hit its $31.4 trillion debt ceiling and is now running out of money.  As pointed out by Treasury Secretary Janet Yellen, the debt ceiling needs to be lifted before June 1. Otherwise, the country risks missing its debt obligations due to Treasury bond holders and thereby defaulting on its sovereign debt. Bipartisan negotiations are already underway…