Tag: Markets

7.6 Million South Africans Are Crypto Investors, Social Media Main Source of Crypto-Related Information – Emerging Markets Bitcoin News

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About 22% of South Africa’s adult population, or 7.6 million people, are cryptocurrency investors, findings by a study done by Kucoin cryptocurrency exchange have shown. According to the study, 72% of the respondents said they get information concerning particular crypto projects via social media. Influencers and media personalities were also found to be key opinion leaders that are promoting cryptocurrencies. Influencers and Media Personalities Found to Be Key Opinion Leaders According to the findings of a new Kucoin study, about 22% of South Africa’s adult population aged between 18 and…

Likvidi Launches Platform with Blockchain Tech for Projects access Carbon Credit Markets

Sustainable finance company Likvidi on Thursday announced a strategic investment and partnership deal with Israeli startup Albo Climate. Through the partnership, the two firms have launched ‘Veriforest’, a new global digital registry forestry platform, to enable small and medium-sized projects to access the carbon offset markets. The carbon credit market has been inaccessible to such landowners due to high transaction, monitoring, and reporting costs that have discouraged their participation. The global digital registry forestry platform, therefore, removes barriers preventing small landowners and midsize forest administrators from accessing the carbon offset markets. The platform will make it…

Billionaire Jeffrey Gundlach Says He Wouldn’t Be Surprised at All if Bitcoin Falls to $10K – Markets and Prices Bitcoin News

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Doubleline Capital CEO Jeffrey Gundlach, also known as the “bond king,” says he would not be surprised at all if the price of bitcoin falls to $10K. “We’ve already seen around the edges some blowups in parts of the crypto world, and that could be foreshadowing some problems,” he explained. ‘Bond King’ Jeff Gundlach Discusses Bitcoin Falling to $10K Billionaire investor Jeff Gundlach shared his bitcoin outlook in an interview with CNBC Wednesday. Gundlach is the CEO of Doubleline Capital, which has over $137 billion in assets under management (AUM).…

Experts on why bear markets are good for Bitcoin

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The crisis has triggered a wave of panic in the community, with the Bitcoin miners’ selling activity surging to seven-month highs as the BTC mining profitability has dropped to October 2020 levels. Bitcoin’s Fear and Greed Index fell posted the lowest records since pre-pandemic times in Q3 2019, dropping to seven and indicating “Extreme Fear” on June 15. These and other recent events in the industry do not look good, but only at first glance, according to some industry experts and executives. People in the industry continue to reiterate that…

Ethereum Outlook

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io We provide another update on our #Ethereum outlook as it seems the price of #ETH still remains range-bound between $2k-$4k. Where do you think the price of #ETH is headed? Let me know in the comments! Also, we are launching a new Into The Cryptoverse #NFT on Feb. 3rd and another one on Feb. 5th. Anyone who holds both in their address on May 3rd will be able to claim a 3rd #NFT for free! Premium List : LIFETIME OPTION: Alternative Option:…

Will Bitcoin Fall to $13,800? — What an 80% Drawdown Will Look Like From Here – Markets and Prices Bitcoin News

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On Monday, June 15, 2022, the price of bitcoin tapped a low not seen since mid-December 2020 as the price hit $20,080 per unit. A large number of crypto supporters are debating whether or not the drop is the market’s bottom or if the fall could lead to deeper losses. At the time of writing, bitcoin is 70% down from the $69K all-time high (ATH) but traditionally, bitcoin is known to drop around 80% or more from ATHs recorded in the past. Will Bitcoin Slide More Than 80% Down This…

Bitcoin Drops Toward $20K Amid Contagion Risks in Crypto Markets

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“Over the past couple of years, cryptocurrencies have become a global macro asset,” said Mikkel Morch, executive director at crypto hedge fund ARK36, in an email. “So it is to be expected that they will react negatively now when investors realize that central banks haven’t reacted nearly as aggressively as they will need to in order to get inflation under control.” Original

‘Original Bitcoin’ Makes Surprise 24% Climb As Crypto Markets See Red

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Dubbed to be the “Original Bitcoin,” BSV, or Bitcoin Satoshi Vision skyrockets in the face of a crypto market crash seen in the past 24 hours. BSV is certainly generating a lot of attention from investors as it remains unfazed by the malingering crypto market decline. BSV shoots to 24% or roughly $55.79 on Tuesday; on the other hand, Bitcoin (BTC) has spiraled down by 11% over the past 24 hours but somewhat diminished in value since Sunday. A Bitcoin Cash (BCH) hard fork sired the emergence of the Bitcoin…

JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed – Economics Bitcoin News

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The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to increase the rate by 75 basis points (bps). Last week, CME Group data indicated the market priced in a 95% chance that the U.S. will see a 50 bps rate hike this month. Although, while some expect a hawkish Fed, some believe the U.S. central bank may act dovishly if markets get worse. Global Markets Shudder With Focus…