Bitcoin (BTC) fell 22% in the seven-day stretch through Sunday, and analysts are scrambling to assess the outlook – for digital-asset markets as well as possible policy ramifications amid an annus horribilis for the blockchain industry, freshly wounded by the FTX scandal. As a new week starts, the market is still searching for a bottom: … Read more
Bitcoin was tethering above $20,000 for the last week, and its ability to hold above this level through the FOMC announcement had led to speculations that the digital asset had finally hit its bottom. However, recent developments and bitcoin’s fall below $20,000 has proven that this is not the case. Even more, it points to … Read more
Tuesday has proven to be a good day for bitcoin and the crypto market in its entirety as gains have been the order of the day. Bitcoin has finally been able to clear the $20,000 territory even when indicators pointed towards the more sluggish movement for the digital asset. As expected, there have been ripple … Read more
The monetary policy of the Federal Reserve (FED) continues to be the all-determining factor for both the financial markets worldwide and Bitcoin. With this in mind, all eyes are currently on November 02, when the next Federal Open Market Committee (FOMC) meeting is scheduled. However, while this is an external market risk, there is also … Read more
Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin’s (BTC’s) relative discount to its high hash rate in October — the largest since the first quarter of 2020 — could soon see Bitcoin return to “its propensity to outperform most assets.” In an Oct. 19 Twitter post, the Bloomberg analyst suggested that Bitcoin’s ever increasing hash … Read more
The Bitcoin (BTC) bashing has continued unabated even in the depths of a bear market with more research questioning its energy usage and impact on the environment. The latest paper by researchers at the department of economics at the University of New Mexico, published on Sept. 29, alleges that from a climate-damage perspective, Bitcoin operates … Read more
On Sept. 26, the British pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. The volatility simply reflects investors’ doubts about the government’s capacity to withstand the growing costs of living across the region. The U.S. … Read more
While Ethereum (ETH) fans are enthusiastic about the successful Merge, Swan Bitcoin CEO Cory Klippsten believes the upgrade will lead Ethereum into a “slow slide to irrelevance and eventual death.” According to Klippsten, the Ethereum community picked the wrong moment for detaching the protocol from its reliance on energy. As many parts of the world … Read more
Bitcoin’s (BTC) and Ether’s (ETH) agonizing 60% and 66% respective drop in price is drawing a lot of criticism from crypto critics and perhaps this is deserved, but there are also plenty of stocks with similar, if not worse performances. The sharp volatility witnessed in crypto prices is partially driven by major centralized yield and … Read more
Ethereum (ETH), dubbed as the ‘leader of all altcoins’ has long carried the burden and pressure of supplanting Bitcoin (BTC) as the king of all cryptocurrencies. To this date, it hasn’t succeeded or has come close into completing that mission. Not even The Merge could catapult Ethereum to the top and frankly, it hasn’t been … Read more