Bitcoin risks plunging lower in 2020 as a Wall Street veteran warns about a 50 percent crash in the stock market. Scott Minerd, the chief investment officer of New York-based Guggenheim Investments, predicted that the U.S. equities would retest their March 23 lows by next month. A long squeeze on Wall Street could prompt investors to dump their profitable Bitcoin positions to offset their macro losses. U.S. stock market may crash by as much as […]
Bitcoin price has returned to the $9,000 territory again, after falling below $8,500 during the first day of the month. Here are the three main reasons why the largest crypto by market cap is about to update the February peak. India Lifts Crypto Ban As we reported yesterday, India has de facto accepted the use of cryptocurrencies when the Supreme Court had nullified a decision of the Reserve Bank of India (RBI) to ban crypto […]
After over two weeks of decline, a series of notable movements have converged to push the crypto markets higher. Whereas market volatility remains the norm, today’s gains serve to assuage fears that the market recovery has stalled. Bitcoin Futures Have Expired A round of Bitcoin futures has recently expired on the Chicago Mercantile Exchange (CME). Although much has been made of the impact of futures on the Bitcoin market, the price tends to go up […]
Popular YouTube crypto analyst, Benjamin Cowen, has been considering the logarithmic regression band for the total cryptocurrency market cap in his latest video, and based on his analysis, thinks that the total digital asset market cap could hit $10 trillion during the next bull run. What’s A Logarithmic Regression Band? While it may sound like AI-generated musicians for psychotherapists to relax to, the logarithmic regression band is actually the range of values to which the cryptoRead More
Crypto asset markets are starting to settle following an epic pump that added $20 billion to total capitalization. Several altcoins made their largest daily gains for several months, and here are the top five. Over the past 24 hours, cryptocurrency markets have made their largest move for several months pushing total market cap to almost $245 billion. Since the beginning of the year, the market has grown by 26% adding over $40 billion in total.Read More The post appeared first on Bitcoinist.com.
Bitcoin and crypto markets have surged by their largest amount for almost three months today and altcoins are leading the momentum. Over $20 billion has flooded back into the space but what has caused the big bull run and has alt season finally begun? Total bitcoin and crypto market capitalization has not been this high since mid-November when the bears were in full attack mode. So far this year’s total cap has gained 27% andRead More The post appeared first on Bitcoinist.com.
Bitcoin and crypto assets are making a remarkable recovery today and markets are up almost $14 billion in under 24 hours. Bitcoin Leading Crypto Markets A few hours ago BTC started to move again, lifting off from its intraday low at support around $7,700. The move culminated in a top out at $8,250 according to Tradingview.com and a slight pullback has occurred over the past couple of hours. The 7% surge has been extremely bullishRead More The post appeared first on Bitcoinist.com.
Since the massive bitcoin and crypto surge in late 2017 and resultant crash in 2018 everyone has been waiting for a return to those giddy heights. In reality, it may just take a little longer as it did after the dotcom bubble burst. Bitcoin’s Slow Build Looking at previous years may give us an indication of what 2020 will hold for bitcoin prices. Granted, the scene is very different now with futures products available whichRead More The post appeared first on Bitcoinist.com.
The potential short-term and long-term growth prospects of bitcoin can be gauged from the ongoing price activity. BTC price is facing increasing resistance on its way up. Volatility is decreasing with time. What does this mean for bitcoin’s overall outlook? In his latest article, entrepreneur, engineer, and bitcoin optimist Harold Christopher Burger deeply analyzed the supposed reason behind BTC’s stunted market growth. As per his inference, two things become clear regarding bitcoin’s recent price evolution:Read More The post appeared first on Bitcoinist.com.
The size, liquidity, and growth of crypto markets are still in its infancy. Even all crypto-related activity is still minimal in comparison to traditional assets. Global Stock Markets Add More Than 3 Times the Total Value of Crypto Assets in a Week Global stock markets continued to rally in 2019, despite some fears of a correction. Most stocks gained in 2019, with a rally toward the end of the year fueled by the lenient decisionRead More The post appeared first on Bitcoinist.com.
In a recent interview, Henry Arslanian gave his opinion on the future of crypto markets and why he believes that more institutional investors are about to arrive. As 2019 is approaching its end, many are looking back to what the crypto industry has accomplished this year. However, a topic that is just as interesting, if not more, is what the digital asset market will look like in 2020. In a recent interview with Bloomberg, PwC’s
The post Why Crypto Markets will Soon See a Massive Influx of ‘Big Money’? appeared first on Bitcoinist.com.
Logarithmic scale analysis of the entire bitcoin and crypto market, based on data from the past decade, point to the potential for the sum of all digital assets to reach a valuation of $11 trillion by 2023. Logarithmic Analysis Predicts New Altcoin Bull Run, Bubble in Coming Years Benjamin Cowen, who has dedicated previous analysis to the Bitcoin (BTC) potential future price, now looks at the wider market caps of all digital assets. This time,
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The correlation between any further oppression of the bitcoin and crypto industry in China and market movements appears to be crumbling. Mainstream media is still firmly behind the premise that the latest rout was a direct response to further crackdowns on the mainland, but BTC and digital assets are making gains today to suggest otherwise. China Crackdown Claims First Casualties Following a series of warnings from Chinese regulators as many as five local exchanges have
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Bitcoin price is getting battered as if there’s no tomorrow. Following a huge red weekly candle closure, the benchmark crypto was crushed through another support zone in a plunge down to $6,600. BTC is now in a very dangerous territory which could result in a drop all the way back to $5k – here’s how. Bitcoin Price Back in $6k Zone When things turn south in crypto markets it happens in the blink of an
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Total bitcoin and crypto market capitalization has plunged below $200 billion a few hours ago. It is the first time these low levels have been seen for over six months. Signals of a return to crypto winter are strong. Crypto Markets Dump Below $200 Billion According to coinmarketcap.com total crypto market cap plunged to a low of $190 billion yesterday, a level not seen since early May. Bitcoin has led the rout but altcoins are
Things are not looking rosy for Chinese bitcoin mining giant Canaan after day one of trading and they could get far worse today. BTC has dumped almost 4.5% in 24 hours and crypto markets have shed $10 billion in total so a red Friday is about to begin. Mining Shares End Flat on Day 1 The long-awaited IPO for Chinese crypto mining hardware manufacturer Canaan kicked off with a $90 million listing. Bloomberg reported that
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Bitcoin price teetered on the brink of $9,000, breaking down along with global stock prices. Analysts believe the Friday slump across markets is a response to the still uncertain trade deal between the US and China. Stock Market Gloom May Spill Over Onto Bitcoin Stocks slid across the board on Friday, as optimism waned on the US-China trade deal reported the Wall Street Journal. The DJIA fell by 1% to 26,666 points, the same loss was
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Several bitcoin investment platforms for institutional players have been gaining popularity over the past few months. Does this point to a possible BTC price breakout coming in the next few weeks? Let’s see. Bakkt Recovering From Slow Start The launch of Bakkt, the first federally regulated bitcoin futures exchange, got off to a rocky start last month after roughly a year of ensuring compliance with US laws and regulations. The first few days of their
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Bitcoin has been trading sideways for quite some time now. We are now in the last quarter of the year with the end just around the corner. Does BTC look well-positioned to end the year on a ‘green’ note? Let’s see. Is Bitcoin Price Ready to Hit the Five-Figure Mark, Again? Popular crypto trader and analyst, Josh Rager pointed out his latest observation about the bitcoin market a few hours ago. He noted that BTC
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The US recently added 128,000 new jobs in October 2019, which seemingly resulted in significant growth of the stock market indexes, and also a modest crypto price surge. Reports around the world are coming in with positive news regarding financial markets, especially in the US and Europe. As the US opened over 128,000 new jobs in October of this year, the move seemingly brought a very positive outcome for American stocks. Stocks Surge in the
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