Tuesday, October 4, 2022
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Skybridge Estimates Bitcoin’s Fair Market Value at $40K and Ethereum’s at $2,800 – Markets and Prices Bitcoin News

Skybridge Capital’s founder says bitcoin’s fair market value is about $40,000 based on adoption, wallet size, use cases, and growth of wallets. The asset management firm also estimated ethereum’s fair market value at around $2,800. Skybridge Capital on the Fair Values of Bitcoin and Ethereum Anthony Scaramucci, founder and managing partner

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Bitcoin price hits 10-week lows as $40K spike becomes ‘nasty bull trap’

Bitcoin (BTC) hit its lowest level in over two months later on May 5 as Wall Street trading saw volatility return with a bang.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewDXY celebrates as stocks, crypto tumbleData from Cointelegraph Markets Pro and TradingView painted an unsettling picture for hodlers as BTC/USD fell to

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Bitcoin’s $40K Breakout Elusive as Fed-Inspired Dollar Drop Loses Steam

The dollar index (DXY), which tracks the greenback's value against major currencies, jumped 0.7% to 103.25, having dropped 0.9% to 102.51 Wednesday. The futures tied to the S&P 500, Wall Street's benchmark index, and the tech-heavy Nasdaq index traded at least 0.5% lower, signaling a weak open following Thursday's surge.

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Bitcoin rejects $40K as US dollar strength hits 20-year high

Bitcoin (BTC) made a fresh bid to crack $40,000 on April 28 as Wall Street trading opened to twenty-year highs for U.S. dollar strength.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDXY now in "parabolic rally"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting a high of $39,883 on Bitstamp before momentum

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