There’s a first time for everything, even disaster you didn’t think were possible (as the famous James Franco meme is set to remind us). Multiple traders are feeling positive and upbeat again after seeing Bitcoin close another red candle for the week. That marks the first 7-week losing streak since Bitcoin’s inception in 2008 they say, and […]
Bitcoin, crypto and tech stocks have fallen double digit percentages from their all-time-high. Although you mostly only hear about a ‘crypto crash’ in the MSM, it is clear this is a tech crash as well. Peloton has lost 91% since it’s ATH, Zoom 83%, Paypal 74%, just like Netflix. https://twitter.com/michaelbatnick/status/1525593849439129603 To see what to do, […]
Bitcoin closed off a week from hell with a price around $29k. Traders are now seeking where support levels are sustainable so that a new leg up can be tried in the near future. According to Sam Rule en Dylan Leclair, the new floor should be found around $24k. They stated: The key on-chain price […]
Back in March of 2008, the global stock markets didn’t really stop in their tracks when Bear Stearns collapsed. The fact that then Daily Show host Jon Stewart made a segment laughing at Jim Cramer was enough for a wry smile but then it was back to business. More comfortable at $2 As Stewart notes […]
The conditions on global markets, geopolitical pressure and the fallout of the Terra collapse caused a crypto crash yesterday which saw many of the biggest digital currencies post double digit percentage losses. This morning, most of them are rebounding from those lows. The mechanism of algorithmically-governed stablecoins like UST makes them susceptible to the colloquial […]
Panic, capitulation and utter fear took hold of those having the crypto coin Terra in their portfolio yesterday. The blockchain protocol, until recently trading in the top 10 on CoinMarketCap, lost most of it’s value right after it’s very own stablecoin UST lost its peg to the United States dollar. Rumors are circulating that a […]
As markets ready themselves for a possible relief rally in the coming days (both in stocks and crypto) it’s time to take a look at all the damage that’s been done. Big tech and crypto now trade in tandem, and so crypto stocks are also suffering. MicroStrategy, led by Michael Saylor, dropped some 60 per […]
The correlation between Bitcoin, cryptocoins and most Western stock markets was once again proven as the massive selloff seen in the cryptosphere found a willing compatriot in European markets on Monday which was followed a few hours later by US markets. Bank of America has now warned that the S&P 500’s selloff of last week […]
One man is looking at the Bitcoin price (this morning only around $33k) and is praying more than anyone else that things will change for the better. Michael Saylor is a hero to the Bitcoin community. Recently, at Bitcoin 2022 Miami—the largest Bitcoin event worldwide—Saylor was met by thousands of cheering fans as he instructed the crowd […]
Bitcoin’s genesis block holds the key to its creation. Back in 2009, as the housing crisis and the collapse of global banking giant Lehman Brothers the previous fall urged the anonymous Satoshi Nakamoto to create a form of money that wouldn’t devaluate whenever a central bank decided to print more fiat, he linked Bitcoin’s creation […]
