Cryptocurrency Analysis and News Portal
●Bitcoin (BTC): $41895, −4.40% ●Ether (ETH): $2798, −5.15% ●S&P 500 daily close: $4363, −0.53% ●Gold: $1941 per troy ounce, +1.05% ●Ten-year Treasury yield daily close: 1.84% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX);
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China’s most important annual political meetings, the “Two Sessions,” where authorities are expected to lay out the country’s economic and social plans for the year ahead, will kick off on Friday. Chinese Premier Li Keqiang will appear before China’s legislature, the National People’s Congress (NPC), on March 5 to deliver a
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Whenever Bitcoin (BTC) fails to break through important resistance levels, traders gain confidence and add to their altcoin positions. The logic is that, unless BTC drops significantly, these movements historically provide decent rewards for those shifting their portfolios toward higher risk.Bitcoin/USD at FTX. Source: TradingViewIn the past seven days, the
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As the total cryptocurrency market capitalization dipped below $2 trillion last week, major crypto executives have been increasingly talking about a potential continuous bear market or a “crypto winter.”Contrary to the expectations of many in the crypto market, Bitcoin (BTC) failed to surge above $68,000 in 2021 and continued dropping
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"Bitcoin is currently fighting with the $40,000 resistance, and if it manages to break it, we might see a similar volume explosion as when it dropped below this level. Until then, trading activity might be muted as momentum traders often wait for specific price action before making directional bets," Arcane
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According to the findings of a new survey, the number of financial advisors currently counseling crypto holding clients is expected to double from the current two out of ten or 20% to 44% by the end of 2022. Only Four Percent Expect the Number of Crypto Holding Clients to Decrease The
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The uptrend in large bitcoin transaction volumes started around October 2020 when the BTC price was between $10,000 and $11,000, according to Glassnode. Still, the uptrend in transfer volumes has slowed over the past few months as BTC established a higher price range between $28,000 and $69,000. Original Source
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In a relatively young industry with rising competition, expansion is one of the keys for miners to remain profitable. However, with limited access to capital, M&A will likely become more pronounced among cash-strapped miners to fund their growth or production goals. And miners that have orders for new machines but
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JPMorgan said that according to a survey, majority of its clients expect bitcoin to trade at $60,000 or more by the end of this year.The Wall Street giant said in a note published last week that 55% of the clients surveyed see bitcoin reaching the $60,000 barrier.According to the survey,
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Global investment bank JPMorgan has asked its clients what they think the price of bitcoin will be by year-end. Among the bank’s clients who responded, 55% expect the price of bitcoin to end the year at $60K or higher. What JPMorgan’s Clients Expect the Price of Bitcoin to Be by Year-End JPMorgan
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