‘There Is No Demand Growth’: CryptoQuant Analyst Outlines Factors Behind Bitcoin (BTC) Slump – The Daily Hodl
A lack of demand growth is keeping Bitcoin (BTC) prices depressed, according to head of research at digital asset analytics firm CryptoQuant. Julio Moreno Notes Social media platform X said demand for BTC has decreased and that “essentially all valuation metrics are in bearish territory.” Source: Julio Moreno/X Moreno noted that a key price level […]
Bitcoin traders brace for sub $52K BTC price as crypto and macroeconomic headwinds intensify – Cointelegraph
Bitcoin (BTC) prices are trading 10% above the eight-month low of $49,577 hit on Aug. 5, as traders worry that the cryptocurrency may hit new lows below $52,000 before reversing. BTC/USD daily chart. Source: Trading View On September 6, Bitcoin extended its correction, falling more than 5.9% from a record high of 56,984 to hit […]
Bitcoin Prices Plunge Below $53,000 As Multiple Factors Fuel Losses – Forbes
Bitcoin price approached $52,000 early today (Photo: Chesnot/Getty Images) Getty Images Bitcoin prices fell sharply today, dropping nearly 8% in less than 24 hours as the market reacted to several bearish factors, including lackluster employment data. The world's most famous digital currency fell to a low of $52,530 around 5pm ET. Coinbase Data Offered by […]
Bitcoin Hits Lowest Price in a Month Following Weak US Jobs Report – Decrypt
Bitcoin Price Bitcoin plummeted to below $54,000 per coin on Friday after the U.S. jobs report showed payroll numbers were weaker than expected. Bitcoin, the largest digital asset by market cap, is currently trading at $53,829, its lowest price since Aug. 5, according to CoinGecko. It has fallen about 5% in the past 24 hours […]
US dollar’s weakness could drag down price of Bitcoin: report
Economists expect the US Dollar to continue to weaken, potentially dragging Bitcoin down with it, and have warned investors to “prepare for troubled times.” Bitcoin has surged this year, starting the year at $44,187.14 and trading at $59,130.31 on Tuesday, but the cryptocurrency's price began to fall in late August and has continued to fall […]
Bitcoin ATM scammers target senior citizens as overall cases surge tenfold
Bitcoin ATM scammers successfully targeted elderly people last year, stealing $110 million from them in a scam that began with a “concerned” call to customer service. The Federal Trade Commission (FTC) reports that the number of victims of fraud involving money transferred through Bitcoin ATMs (electronic crypto kiosks that allow users to buy and sell […]
Can ‘cryptocredits’ replace Stanford? Bitcoin pioneer launches Network School
Unless you’ve been living under a rock on some far away planet, you’re probably aware of the ideological dominance that permeates American universities, and the entire Western education system more broadly. Once thought of as places that would broaden minds and foster intellectual growth, these institutions have now become echo chambers where perspectives are narrowed […]
Bitcoin Bull RFK Jr. Joins Trump’s Transition Team After Suspending Campaign – Decrypt
Republican candidate Donald J. Trump has added pro-cryptocurrency politician Robert F. Kennedy Jr. to his presidential transition team, giving his former political opponent influence over the policies of his administration. Kennedy, a one-time political opponent of President Trump, will serve as co-chair of the Republican transition team alongside former Democrat Tulsi Gabbard, she said in […]
Bitcoin Traders Divided on Near-Term Price Rise After Jackson Hole – Decrypt
Bitcoin traders had mixed reactions in derivatives markets after the Jackson Hole Economic Symposium on Friday, balancing optimism about future gains with caution about the pace of the potential upside. The market has seen an increase in call spread buying, a sign that traders are betting on further price increases, QCP Capital said in its […]
Bitcoin bulls run risk of 'Bart Simpson' BTC price dip to $62K – Cointelegraph
Bitcoin (BTC) reached a weekly close near $64,000 on Aug. 25, but analysis warns that BTC’s price rally may soon be reversed. BTC/USD 1-hour chart. Source: TradingView BTC Price Struggles to Maintain Gains Data from Cointelegraph Markets Pro Trading View BTC/USD traded sideways over the weekend after sharply rising at the end of the previous […]