Wednesday, April 24, 2024
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Bitcoin’s Correlation With Stocks Comes Back as Economic Factors Roil Markets

“Bitcoin has behaved similarly to tech stocks, albeit with some idiosyncratic events, namely forced selling by large institutions like Three Arrows Capital,” he told CryptoX in a written note. “There doesn’t seem to be any indication that crypto will stop moving in response to Fed policy decisions, though Ethereum’s upcoming

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The Bitcoin bottom — Are we there yet? Analysts discuss the factors impacting BTC price

When Bitcoin was trading above $60,000, the smartest analysts and financial-minded folk told investors that BTC price would never fall below its previous all time high. These same individuals also said $50,000 was a buy the dip opportunity, and then they said $35,000 was a generational buy opportunity. Later on, they

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Scaramucci highlights key factors why crypto market will soon recover

Founder and managing partner of Skybridge Capital, Anthony Scaramucci, has an optimistic outlook for the future of crypto markets, advising investors to "see through the current environment" and "stay patient and stay long term."In an interview with CNBC, the hedge fund manager spoke about his belief that several recent developments

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Michael Saylor says MicroStrategy’s Bitcoin Strategy Factors in Volatility and its Balance Sheet is Structured to Keep Hodling BTC

Key takeaways: Michael Saylor has explained that MicroStrategy’s Bitcoin strategy factors in crypto market volatility. He also added that MicroStrategy’s balance sheet is structured so that the company can continue to hold BTC through adversity. Mr. Saylor’s comments come in the wake of Bitcoin slipping below the magic $21k price level that has

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Bitcoin recovers the $46K level, but several factors could prevent a stronger breakout

After dropping below $45,000 on March 31, Bitcoin (BTC) surprised investors with a quicker-than-expected recovery to the $46,500 level.Data from Cointelegraph Markets Pro and TradingView shows that bears managed to drop BTC to an overnight low of $44,210 before bulls showed up in force to lift the price back above $46,500

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