Bitcoin Price Watch; Huge Correction Huge Recovery
Merry Christmas Bitcoin traders! To those who wished Santa Claus for a steady Bitcoin recovery following its massive bearish correction towards 890 must be special, as it took place just fine in the past 12 hours. Ever since the last week’s massive rally towards 944 fiat, even we were feeling peculiar about its longevity in medium-term. Reason is the same: Bitcoin has hardly resonated with extended bullish sentiments after surprising markets with bull runs. Last time, it was back in August 2016, when Bitcoin price had massively dropped after the news of BitFinex hack broke out. And further....
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Famous actor Ryan Reynolds says crypto is “emerging as a huge, huge player.” The Hollywood star added that “companies are doing a good job of bringing it into a sort of safer, more mainstream light.” Ryan Reynolds Sees Crypto as a Huge Player Hollywood actor Ryan Reynolds shared his view on cryptocurrency in an interview with Bloomberg Tuesday. Reynolds is also the chief creative officer of the self-service ad platform MNTN. He claims that his company can give clients Super Bowl-level attention whenever they want. Regarding cryptocurrency, the actor said:....
An executive with Blockfi says that “this year has been a huge year for mainstream consumer demand into crypto.” Noting that fear of missing out (FOMO) will be a huge driver for investors, the executive expects some regulatory clarity next year.
Crypto FOMO Will Drive Investments in 2022
Flori Marquez, Blockfi’s co-founder and senior vice president of operations, discussed the future outlook for cryptocurrency going into 2022 in an interview with Yahoo Finance Live Friday.
Founded in 2017, Blockfi was created to provide credit services to markets....
Investors are still forging ahead with digital currencies such as Bitcoin and Ethereum despite the recent volatility. Many experts and professional investors still believe that there are unprecedented returns on offer. Unknown territory. Investors in traditional markets are not used to seeing swings of 50 percent in a month for an asset, such as what happened to Ethereum which dropped from nearly $400 to just over $200, as well as experiencing a flash crash. There has also been a huge correction in Bitcoin price that has seen it fall from its high of $3,000. Despite this though,....
Bitcoin price looks ready to make a correction from its recent rally, giving buyers a chance to hop in the uptrend at better levels. Bitcoin Price Key Highlights. Bitcoin price recently made a strong rally but it looks like bulls are booking profits. This could offer a nice opportunity to enter on a short-term correction from the sharp climb. Using the Fibonacci retracement tool on the latest swing low and high on the 1-hour time frame shows potential entry points. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside.....
Bitcoin on-chain data shows that miners have transferred a huge amount of coins to cryptocurrency exchanges. On-chain Data Suggests Miners Transferred 11,816 BTC To Exchanges As pointed out by a CryptoQuant post, 20 July saw a huge outflow from Bitcoin miners. The total outflow from that day is around 12k. Here is a chart that illustrates the trend in all miners BTC outflow over the last one year: BTC miner outflow seems to have spiked There are a few interesting features in the chart. This sudden rise of almost 12k BTC observed on Wednesday is the most since May, when the price of the....