News list for " says bitcoin"
BlackRock CEO Fink said that bitcoin can overcome concerns about the instability of the local currency. The possibility of continued high inflation remains.
According to BitMex analysts, Bitcoin's recent performance is a cause for concern. It reacts violently to negative news from traditional markets, but performs flat when positive macro news arrives. To navigate this uncertain environment, one should consider focusing on trading cryptocurrency trading pairs rather than dollar-based trading pairs. This strategy can help mitigate the risk of macro impacts and allow you to take advantage of the relative strengths/weaknesses of the crypto market. This...
Veteran trader Peter Brandt said that Bitcoin's decline since its halving in April 2024 is beginning to resemble the market's movements before the 2016 bull market. In an Aug. 5 article, Brandt said that "the decline since the bitcoin halving is now similar to the 2015-2017 halving bull cycle." It compared the depth of the market correction since the halving date, noting that the two are very similar. In 2016, the bitcoin halving took place on July 9, when the asset price was...
Bernstein analysts say the market for bitcoin mining chips and hardware could reach $20 billion over the next five years. The market for bitcoin mining hardware has historically been dominated by Chinese companies such as Bitmain, with a market share of more than 80 per cent, according to a report. However, the new chips launched by Block and Auradine in the US herald opportunities to diversify supply chains and provide opportunities for competition in advanced chip designs and access to global ...
An analyst at Rekt Capital said that Bitcoin breaking through $65,000 means that the price will be ready to enter the $65,000-71,500 range, and if BTC rises to $71,500, the next important stage will be the high of $73,649 reached on March 13. However, a large number of short positions are at risk of being liquidated at $71,500, which means that many futures traders believe that the price will not reach this level for now. According to CoinGlass, at 71,500 $, about...
Analysts at Bitfinex say bitcoin may have bottomed out, with the derivatives market indicating that the digital asset's price is starting to stabilise. Price volatility has started to diminish as "the spread between implied and historical volatility has narrowed by almost 90 per cent, indicating that traders expect bitcoin prices to remain within range and stabilise".
Analysts at 10x Research said further declines to $50,000 were possible. Breaking the psychological benchmark of $60,000 and falling towards $50,000 marked a significant shift in sentiment, which 10x Research attributed to buying flows drying up "and selling flows accelerating".
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