Bitcoin price skirts $19.3K amid fear over ‘mother of all rug pulls’
Volatility has yet to make an appearance on hourly timeframes as the clock ticks down to the September close. Bitcoin (BTC) traders lay in wait for fresh volatility on Sept. 29 as BTC/USD cooled near $19,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewVolatility absent a day before the monthly closeData from Cointelegraph Markets Pro and TradingView charted a calm overnight phase for the largest cryptocurrency, which hit intraday highs above $19,600 the day prior. Those 6% gains were a welcome relief after heavy losses earlier in the week, but it no clear direction, market....
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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of “the mother of all crashes.” He further explained that the problem with cryptocurrency is the leverage. Michael Burry Warns of Mother of All Crashes Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, shared his view last week about where he sees the markets heading. Burry is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in “The....
The Crypto Fear and Greed index shows that the cryptocurrency market sentiment has just shifted from “Extreme Greed” to “Fear.” With the Bitcoin (BTC) price dipping below a $29,000 threshold, the investor mood is worsening and the Crypto Fear and Greed index has plunged to October 2020 levels.On Jan. 22, the Crypto Fear and Greed index sharply dropped to a value of 40, moving the market sentiment from “Extreme Greed” to “Fear.” The index dropped to this low for the first time since Oct. 3, 2020, when Bitcoin was trading at around $10,500.Crypto Fear and Greed Index one-year chart. Source:....
Data shows the Bitcoin fear and greed index has been pointing towards fear lately, something that might keep buyers from the Halloween Effect. The Bitcoin Fear And Greed Index Points At Fear The BTC fear and greed index is an indicator that measures the sentiment and emotions of the market based on various sources, and displays them on a numeric meter. The metric uses a system with 0-100 as values, where low values indicate fear in the market, and higher ones show greed. Extreme fear and greed occur when the indicator shows very low or very high values, respectively. Periods of fear....
The mother of Mark Karpeles, former CEO of Mt. Gox, is speaking out about her son. In a telephone interview with news publication Reuters, Anne Karpeles said her son was a bright child, bad student, and allowed people to take advantage of him. “Difficult, never. Too conciliatory for a few things. Someone who is extremely nice and who has a tendency to let himself get taken for a ride by others. People who took advantage of him, who asked him to do their homework,” she said. Mother Karpeles revealed that her son, who now lives in Japan, was admitted to Mensa — a society of high-IQ....
Data shows the Bitcoin market has again fallen back into a state of extreme fear as the price has plummeted down over the past week. Bitcoin Fear And Greed Index Says Market Is Extremely Fearful As per the latest weekly report from Arcane Research, extreme fear has returned to the BTC market, suggesting now may be the time to buy. The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the Bitcoin market. The index uses a numeric scale that runs from one to hundred for representing the sentiment. All values above the....