First Mover Americas: Bitcoin’s Bear Cross Is Bullish and a Big June Jobs Beat
The latest price moves in bitcoin ($BTC) and crypto markets in context, for July 8, 2022. Source
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Bear
With the bear market in full throttle, crypto derivatives retain their popularity
The 2022 cryptocurrency bear market has been the worst on record as most Bitcoin traders are underwater and continue to sell at a loss. In response to the rapid decline of token prices, some investors have fled to safe-haven assets; some have exited the market completely and others have perplexingly
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Bitcoin will see ‘long bear market’ says trader with BTC price stuck at $19K
Bitcoin (BTC) failed to reclaim recent losses into July 2 as traders prepared for stagnant price action to continue.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Downtrend acceleration" still in forceData from Cryptox Markets Pro and TradingView tracked a limp BTC/USD as it chopped around the $19,000 mark into the weekend.The Wall
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Bear market? “So what,” says World Chess Champion Garry Kasparov
Garry Kasparov, the Russian chess grandmaster and chair of the Human Rights Foundation, doesn’t appear at all bothered by the current crypto bear market. Kasparov, who is also a long-time Bitcoin supporter, told Cryptox during Consensus 2022 “so what” in regards to his thoughts on the bear market. Kasparov added
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Facts or Feelings? Bitcoin Allocation Makes Sense Even in Nasty Bear Markets
The upshot: A blend of stocks, bonds and bitcoin has outperformed stocks and bonds. Let’s say, for whatever reason, you couldn’t own spot bitcoin and only had access to the Grayscale Bitcoin Trust (GBTC). The GBTC currently trades at a 35% discount to its net asset value (NAV), has lagged
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Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
At the height of the market, when bitcoin was over $60,000, companies were purchasing miners at $90, $100 and even more per terahash, Bulovic said. That adds up to as much as $10,000 per machine. “The larger price tag means that the loan amount was higher. That means that the
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Market Wrap: Bear Market Guides in Vogue as Bitcoin Drops for Fourth Straight Day
Bitcoin (BTC) was sliding toward $20,000 on Wednesday, and the Bankless newsletter is offering traders mental health tips for surviving crypto winter. Source
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A Bear of Historic Proportions – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin fell below $20,000 briefly this morning, whilst the total crypto market cap fell to below $900 billion,
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21Shares responds to bear market with crypto winter ETP
21Shares, a global issuer of crypto exchange-traded products (ETP), is taking action to respond to the current bear market by launching crypto winter-focused investment tools.The company has rolled out the 21Shares Bitcoin Core ETP (CBTC), an ETP specifically designed to offer low-cost exposure to Bitcoin (BTC) am to the ongoing
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Bear market will last until crypto apps are actually useful: Mark Cuban
Mark Cuban, the billionaire entrepreneur known for his role as one of the main investors on the reality television show Shark Tank, said the crypto bear market won't be over until there’s a better focus on applications with utility.He also doesn’t think the market has hit “cheap” prices yet. Cuban
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