Ether Breaks Trendline From Previous Bear Cycle Lows
The breakdown of the ascending trendline corresponding with previous bear market lows looks horrible, one portfolio manager said. Source
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Cycle
FTX will be the last giant to fall this cycle: Hedge fund co-founder
While the FTX crisis is continuing to unfold, the former head of risk at Credit Suisse believes the exchange's fall from grace should be the last catastrophic event — at least in this market cycle. CK Zheng, the former head of valuation risk at Credit Suisse and now co-founder of crypto hedge
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3 Bitcoin price metrics suggest Sept. 9’s 10% pump marked the final cycle bottom
The correlation between Bitcoin (BTC) and stock markets has been unusually high since mid-March, meaning the two asset classes have presented near-identical directional movement. This data might explain why the 10% rally above $21,000 is being dismissed by most traders, especially considering S&P 500 futures gained 4% in two days.
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Ripple (XRP) Is Up 190% From Cycle Low, But Will It Ever Reach $3?
Ripple has remained a prominent name in the crypto market despite its woes in recent years. The digital asset was expected to crash as its case with the SEC raged on, but it has managed to maintain its hold on the market while building an effective community around itself. Nevertheless,
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Crypto winter has 250 days left if the market cycle repeats: Grayscale
Grayscale Investment's latest Insight report provides interesting food for thought, pinning the start of the current bear market in June 2022, which could last another 250 days if previous market cycles are to repeat themselves.Grayscale notes that cryptocurrency markets mimic their conventional counterparts with cyclical movements. Bitcoin (BTC) market cycles conventionally last
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JPMorgan Says Crypto Market Deleveraging Cycle Won’t Be Lengthy
The weakest crypto companies, those with high leverage and lower capital levels, are the most challenged. Conversely, those with the healthiest balance sheets are most likely to survive and will emerge stronger once this current phase is over, the report says. Original Source
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Mike Novogratz Predicts Next Crypto Cycle Begins in October
As for how Galaxy Digital (GLXY.TO) and others might navigate the next bull market, Novogratz says to "fight the impulse to be so greedy." Those who got into Luna early enough had an easy 300X return, he said, and that's just not reality in the markets. "When ecosystems go real
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Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms – Bitcoin News
As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of its employees. The same day,
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NFT visionaries are doubling down on community ethos amid a bearish cycle
The fever-pitch euphoria of nonfungible tokens (NFT) reached its proverbial all-time highs in the hours preceding the calamitous gas wars of the Otherside metaverse land sale. But by most reputable accounts, following almost a year of frantic exponential growth, rife speculation and cultural spotlighting, the market was long overdue a respite.
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Bitcoin Perfectly Follows Market Cycle Comparison, What Comes Next For Crypto?
Bitcoin price continues to stagnate and move sideways, but according to the cryptocurrency following an Elliott Wave market cycle, a break in the boredom is due soon. Price action follows the predicted path so perfectly, that when layering Bitcoin directly over the comparison, there is little room for doubt about what
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