3 signs Bitcoin price is forming a potential ‘macro bottom’
Bitcoin’s upside prospects are supported by at least three on-chain and technical metrics.
Bitcoin’s upside prospects are supported by at least three on-chain and technical metrics.
Bitcoin traded below its mining cost basis in June, DeFi experienced a 33% decline in TVL, and mid-month weekly BTC options peaked to their highest on record.
Data shows investors jumping back into fiat and a lack of bullish leverage in the crypto market suggests another correction is in the making.
A crypto hedge fund co-founders acknowledge their mistakes, driven by bull market overconfidence.
A KPMG/HSBC survey finds NFTs and DeFi are more popular with Asian Pacific big startups than EV charging, quantum computing and a host of other new technologies.
Bitcoin and most major altcoins have dipped to their immediate support levels, indicating that bears remain active at higher levels.
To lessen the impact of volatility on the overall purchase, investors use the dollar-cost averaging (DCA) investment technique to spread out the total amount to be invested among multiple purchases of a target asset.
Bitcoiner James Howells planned to speak with the Newport City Council in the coming weeks on a proposal to find his hard drive discarded in a landfill nine years ago.
Elon Musk’s electric vehicle company sold 75% of its BTC in the second quarter. The company’s overall profitability was impacted by inflation and competition for battery cells.
Anticipated volatility comes right on schedule for crypto as the weekly close already looks like a distant memory.