Why The Crypto Market Looks Unhealthy With Bitcoin At $21K, Expert Says
Bitcoin and the crypto market continued to move sideways over the past week after recording important losses during the weekend. Despite the short-term bearish price action, there seems to be more appetite for risk in the sector as market participants allocate more capital to altcoins. Related Reading: Bitcoin Realized Losses Going Down, But Still At Significant Value At the time of writing, Bitcoin (BTC) trades at $21,500 with a 2% profit over the past 24 hours and an 11% profit over the past 7 days. The Bitcoin Dominance (BTC.D), an indicator used to measure the percentage of the crypto....
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Amid the current Bitcoin (BTC) rally, crypto expert Caleb Franzen, the founder of Cubic Analytics has recently shed light on his faith in the cryptocurrency reaching $175,000, due to certain factors and when this might happen. Caleb Franzen Optimism On Bitcoin On Wednesday, November 8, Caleb Franzen was interviewed by Thinking Crypto, where the crypto expert […]
Bitcoin mining could be a proper asset to solve one of the significant issues in the Ukrainian energy sector: spending. A financial expert praised the recent push given by Ukraine’s government to nuclear-powered crypto mining across the nation. Crypto Mining Can ‘Smooth out’ Fluctuations in Consumption, Says Expert During an interview with Inshe, Alexei Mushak, an economic advisor to the former Prime Minister Oleksiy Honcharuk, Ukraine needs bitcoin (BTC) miners, but most importantly, to take advantage of the nuclear power plants that favor smooth operations while helping....
Bitcoin has plummeted by more than $11,000 from its recent FOMO-driven peak. Normally, the bearish momentum in the top cryptocurrency is enough to drag down the rest of the market, but select altcoins are holding up surprisingly well. One altcoin expert who has traded his way through multiple bear and bull cycles, suggests watching for […]
Brian Armstrong's apolitical stance speaks to an unhealthy Silicon Valley culture where debate is shut down and substantive conversations happen underground.
All throughout 2020 Bitcoin price has been unusually correlated to major US stock indices such as the S&P 500. And with stocks at risk of another Black Thursday like plunge, analysts fear that it could once again take cryptocurrencies down with them. One Bitcoin expert, however, expects the cryptocurrency to soon “decouple” from traditional markets, but its likely not for the reasons you would otherwise expect. Here’s why the crypto market could soon get back […]