Mike Novogratz: Bitcoin holds above $20,000; Ethereum unlikely to slip below $1,000
Galaxy Digital head Mike Novogratz believes the two largest cryptocurrencies by market cap are already near the bottom.
Mike Novogratz: Bitcoin holds above $20,000; Ethereum unlikely to slip below $1,000
Galaxy Digital head Mike Novogratz believes the two largest cryptocurrencies by market cap are already near the bottom.
Glassnode: market downturn changes the behaviour of some bitcoin hodlers
A range of indicators suggests the market is entering the 'deepest phase of the bear market cycle'.
Cryptocurrency market capitalisation falls to January 2021 levels
Against a backdrop of sharp declines in most cryptocurrencies' prices, the total market capitalisation fell below the $1 trillion mark.
Bitcoin price tumbles below $23,000
Early on June 13, Bitcoin traded near $25,000, Ethereum near $1,300.
Bitcoin dips below $30,000 as US inflation accelerates
U.S. annual inflation for May accelerated from April's 8.3% to 8.6% — the highest since December 1981, CNBC reports citing the Labour Ministry. Against this backdrop, bitcoin fell below $30,000.
Arthur Hayes: Bitcoin and Ethereum have already hit local bottom
Bitcoin and Ethereum prices have already bottomed in the current cycle, but a market reversal should be expected once the Fed stops raising rates. This was stated by Arthur Hayes, co-founder of the cryptocurrency derivatives exchange BitMEX.
Bitcoin clears $32,000 for the first time in three weeks
On May 30 and 31, Bitcoin breached the $32,000 level for the first time in three weeks. At the time of writing, BTC was trading around $31,570.
Bitcoin records nine-week streak of declines
Bitcoin's price fell for the first time in history after nine consecutive weeks of declines. Previously, the record streak had not exceeded seven weeks.
JPMorgan analysts put Bitcoin’s fair price at $38,000
The fair price of Bitcoin sits around $38,000, and cryptocurrencies have overtaken real estate as one of the preferred 'alternative assets', according to JPMorgan analysts.
Guggenheim Partners see Bitcoin price dipping to $8,000
Against a backdrop of a rise in the policy rate and tighter monetary policy by the Fed, Bitcoin's price could fall below $8,000. Scott Minerd, Guggenheim Partners' chief investment officer, said this.We use cookies to improve the quality of our service.
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