Tag: Markets

Investment Strategist Discusses Bitcoin ‘Entering Unstoppable Maturation Stage’ — Says Price Should Continue to Rise – Markets and Prices Bitcoin News

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Bloomberg Intelligence’s senior commodity strategist says bitcoin “may be entering an inexorable phase of its migration into the mainstream.” In addition, the cryptocurrency may also “be entering unstoppable maturation stage,” the strategist added, expecting the price of bitcoin to continue to rise over time. Bitcoin’s ‘Unstoppable Maturation Stage’ Bloomberg Intelligence’s senior commodity strategist Mike McGlone provided his outlook for bitcoin this week. Citing rising demand, increased adoption, and regulation, he tweeted Wednesday: Bitcoin may be entering an inexorable phase of its migration into the mainstream, and at a relatively discounted…

Bitcoin Now Less Volatile Than Nasdaq and S&P 500 — Stock Markets More Reactive to Inflation, Strong Dollar, Rate Hikes, Energy Crisis – Markets and Prices Bitcoin News

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Bitcoin’s volatility has fallen below that of the Nasdaq and the S&P 500, according to crypto data provider Kaiko. Compared to equity markets, cryptocurrency markets have become less reactive to volatile macro events, including high inflation, an appreciating dollar, rising interest rates, ongoing war, and the energy crisis, the firm explained. ‘Bitcoin Volatility Is at Multi-Year Lows’ Bitcoin has become less volatile than both the Nasdaq and the S&P 500, according to cryptocurrency data provider Kaiko, CNBC reported. The crypto data firm explained Friday that BTC’s 20-day rolling volatility has…

The Psychology Of Bear Markets

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The chase for the bitcoin bottom is still on since the digital asset fell below its $20,000 price level. Given that the bear market has not been long in the making, it stands to reason that the bull market isn’t here just yet. However, being able to pinpoint when the cryptocurrency has reached as low as it will go can help make smart investment choices and the previous bear trends can shine a light to how it might play out. Previous Bitcoin Bear Markets The most recent bitcoin bear markets…

BTC Back Above $19,000 as Volatility in Crypto Markets Intensifies – Market Updates Bitcoin News

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Bitcoin snapped a two-day losing streak on Thursday, as prices of the cryptocurrency rebounded at a key point of support. The current price uncertainty in markets comes as global inflation continues to hover close to historical highs. Ethereum was also back in the green in today’s session. Bitcoin Following two days of consecutive declines, bitcoin (BTC) rose higher in today’s session, moving away from its recent floor below $19,000. On Wednesday, the world’s largest cryptocurrency fell to an intraday low of $18,971.46, however the token rebounded earlier today. So far…

There were vast discrepancies in crypto markets during Q3: Report

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According to a new report published by cryptocurrency data aggregator CoinGecko, several interesting anomalies surfaced in the cryptocurrency markets during the third quarter Although the digital asset industry witnessed heavy sell-offs earlier this year, its overall market cap actually increased by around $100 billion compared to Q2. While in the past, crypto bear markets have largely decoupled from stock performance, coins and tokens almost traded in exact tandem with the U.S. S&P500 index in Q3. The correlation coefficient, which ranges between 0 and 1, for the performance of the S&P500…

Bitcoin Traders Patiently Wait for ‘Uptober’ — Historical Prices Show BTC Gained 10 out of 13 Octobers – Markets and Prices Bitcoin News

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In recent times bitcoin’s volatility has been the lowest it’s been since 2020 and after last month’s market downturn, crypto enthusiasts expected a reversal in October. In fact, bitcoin has seen gains in October ten times out of the last 13 years, which has led crypto enthusiasts to call the month “Uptober.” While bitcoin is up close to 3% against the U.S. dollar since the start of the month, and there’s just over two weeks left until the end of October, bitcoin supporters are curious about how this month will…

Mango Markets exploiter said actions were ‘legal,’ but was it?

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The $117 million Mango Markets exploiter has defended that their actions were ‘legal,’ but a lawyer suggests that they could still face consequences. Self-described digital art dealer Avraham Eisenberg, outed himself as the exploiter in a series of tweets on Oct. 15 claiming he and a team undertook a “highly profitable trading strategy” and that it was “legal open market actions, using the protocol as designed.” I believe all of our actions were legal open market actions, using the protocol as designed, even if the development team did not fully…

Kevin O’Leary Expects Bitcoin to Go up When Stablecoin Transparency Act Passes – Markets and Prices Bitcoin News

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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects the price of bitcoin to go up when the Stablecoin Transparency Act passes, which he believes could be soon after the November midterm elections. O’Leary emphasized that crypto cannot be stopped, stating: “You either join the wave or get lost.” ‘Regulations Come, Bitcoin Goes Up’ Shark Tank star Kevin O’Leary, the chairman of O’Shares Investment Advisers, shared his reason why investors should long bitcoin on the Crypto Banter Youtube channel Friday. Mr. Wonderful explained that there is a bill called the…