Why bitcoin ETFs seem to be underperforming despite their increasing importance: Asia Morning Briefing
Good morning, Asia. Here’s what’s making news in the market: Welcome to Asia Morning Briefing. We provide you with a summary of the top news from the US, along with market movements and analysis. As the year draws to a close with just two weeks left and Christmas holidays approaching, many businesses in Hong Kong […]
Price Update: Bitcoin, ether, and cardano continue to decline.
The virtual currency market, along with various global risk assets, showed signs of weakness as investors held back on spending in anticipation of important economic indicators from the United States. This situation seems to be extending the economic downturn observed in December, which has been marked by reduced liquidity and a general sense of caution […]
Quantum computing is expected to have little effect on Bitcoin and cryptocurrency prices by 2026, according to Grayscale.
Simply put Grayscale indicated that quantum computing is not expected to influence cryptocurrency prices by 2026, despite ongoing security concerns. The firm believes most blockchain technologies will eventually need updates for post-quantum cryptography. Grayscale provided estimates suggesting that a quantum system likely won’t be able to crack Bitcoin encryption until at least 2030. Investment firm […]
What Caused Bitcoin Cash to Drop 5% Today?
Key Highlights Bitcoin Cash, as a leading large-cap cryptocurrency, significantly influences market trends. Investors appear to be cautious, resulting in declining prices across many major tokens. This cautious sentiment is a primary reason for Bitcoin Cash’s downward trajectory today. Bitcoin Cash (BCH) is one of the prominent altcoins, notable for its substantial market capitalization. Originally […]
Reasons Behind the iShares Bitcoin Trust ETF’s Decline on Monday
Key Takeaways Blue Monday has hit the cryptocurrency market hard, notably impacting the iShares Bitcoin Trust ETF (NASDAQ:IBIT). The shares experienced a 5% drop, which is quite noticeable, especially for Bitcoin and other altcoins. Investor Sentiment There’s a clear lack of confidence among investors regarding cryptocurrencies right now. Last week’s Federal Reserve rate cut was […]
5 Reasons Bitcoin Dropped to $85,000 and Why Further Declines May Happen
On December 15, Bitcoin dropped to around $85,000, marking an extension of its recent decline caused by various global factors, including macroeconomic risks, unwinding leverage, and low liquidity. This sudden decrease resulted in a loss exceeding $100 billion in the cryptocurrency market cap within just a few days, leaving many to ponder whether the downward […]
Bitcoin price forms a triangle shape as a breakout approaches.
Bitcoin Price Approaches Volatility Inflection Point The price of Bitcoin is currently caught in a narrow triangular pattern, and frequent rebounds from key support levels suggest that we’re nearing a significant breakout. Bitcoin consistently responds to dynamic triangle support with multiple touches. The value area aligns with the 0.618 Fibonacci level, reinforcing this structure. As […]
Crypto Update: Bitcoin approaches $90K, Ethereum and XRP encounter significant challenges
Bitcoin (BTC) is making a push towards $90,000 as of Monday, indicating a recovery in the broader crypto market following the financial policy challenges of last week. Ethereum (ETH) has gradually moved above $3,100, even though retail demand remains somewhat shaky. On the other hand, XRP is attempting to reclaim its standing above $2.00, buoyed […]
Bitcoin hash rate drops as China disconnects 400,000 mining machines; is a BTC crash ahead?
Bitcoin Network Faces Decline Amid China’s Mining Restrictions The computing capacity for the Bitcoin network has significantly decreased recently, raising fresh worries about the influence of mining disruptions related to China on the wider cryptocurrency market. As of December 15th, the Bitcoin hash rate dropped to around 876.4 EH/s, a notable decline from approximately 930.06 […]
Bitcoin price drop to $10,000? How ‘post-inflation deflation’ resembles the 2008 crash
Bitcoin’s Value Under Threat Bloomberg analysts are raising alarms about Bitcoin, suggesting it could lose as much as 90% of its current value. That’s a stark prediction. Mike McGlone, a senior analyst at Bloomberg Intelligence, recently commented that the economy is transitioning into what he calls a “post-inflationary deflation,” signaling an impending recession. He forecasts […]