As the world’s apex cryptocurrency kicks off 2022 with a dizzying collapse, analyst Benjamin Cowen says that $30,000 may be the bottom for Bitcoin. Talking to his 693,000 YouTube subscribers, Cowen said that he has identified that level as the potential floor price for BTC as the flagship crypto tumbles over 50 percent. “Clearly $30,000 is a big area as well….
How Far Will Bitcoin Fall? Crypto Analyst Benjamin Cowen Identifies the Bottom
Gold Is Outperforming Bitcoin and the Stock Market in the Past 3 Months: What’s the Better Hedge?
In the past three months, investors have grown increasingly concerned about the negative potential impact of elevated inflation levels and rising interest rates in 2022. But while stock prices and cryptocurrency prices have lagged, gold has outshined them both. Golden Performance In the past three months, the SPDR S&P 500 ETF Trust is up just…
The Question of Bitcoin
Commentary Talk of Bitcoin’s triumph is premature to say the least. Bitcoin and its cryptocurrency cousins seem always in the headlines. Sometimes the interest is simply because the price has skyrocketed. Sometimes the headlines chronicle a sudden price crash. Either way, there is interest. And sometimes the story under the headline talks of how Bitcoin…
Where Will Bitcoin Be in 5 Years? Why Cathie Wood’s Ark Invest Predicts Massive Growth and Adoption
Bitcoin has been extending the lean patch it has found itself in since early November. An analyst at Ark Invest, however, sees the apex cryptocurrency resuming its uptrend and outperforming in the coming years. Cryptos a Hit In Developing Countries Crypto activity in Turkey and Brazil surged in the recent week, which highlights increasing adoption in developing…
How Not to Hedge the Coming Inflation Storm
Commentary Inflation is running hot and not showing any signs of easing up. So it’s the Federal Reserve to the rescue. But as usual, they’re late to the party. (I’m actually expecting four rate hikes this year rather than the two to three the Fed has been suggesting.) A big question on investors’ minds is…
Crypto Outflows Over $200 Million, Bitcoin Over $100 Million For January First Week: CoinShares
Cryptocurrencies suffered a total outflow of value equivalent to $207 million during the first week of the year, according to a report by digital assets hedge fund CoinShares, indicating a persistent bearish outlook that may lead to an ever-heavier loss over the year. This is the fourth straight week of outflows, now totaling $465 million…
Value Investor Bill Miller Claims Around Half of Personal Assets Now Invested in Bitcoin
Famed value investor Bill Miller claimed to have 50 percent of his personal investment portfolio in Bitcoin, which could signify a move towards the niche segment by fundamental investors who prefer to place bets based on intrinsic values rather than volatile trends, despite the recent significant fall in value. In an interview with WealthTrack, Miller…
Bitcoin Will Outpace Stocks In 2022 Amid Fed Rate Hikes: Report
A recent analysis by Bloomberg’s Mike McGlone says Bitcoin (CRYPTO: BTC) is going to dominate the crypto market in 2022, despite the recent plunge. The report says Bitcoin is expected to surge and move towards the $100,000 mark this year, while Ethereum (CRYPTO: ETH) will break above the $5,000 mark. McGlone says Bitcoin withstood a massive drop and…
Bitcoin Falls Under $40,000 to a 5-month Low
LONDON—Bitcoin fell over 5 percent on Monday to its lowest in over five months, tumbling under the $40,000 level. The largest cryptocurrency fell as far as $39,558, its lowest since Aug. 5. It was last down 4.7 percent, more than 40 percent below a record high of $69,000 hit in November.
Crypto Markets’ Downward Slide Continues, Bitcoin Loses 37 Percent Value
Bitcoin is trading below $43,000, after a significant fall Thursday, in the midst of a broader decline across markets, following the news on Federal reserve tightening monetary policy shifting investors away from riskier assets like stocks and cryptocurrencies. Bitcoin has touched a new low since September, as the world’s largest cryptocurrency with a market capitalization…
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