Tag Archives: Bitcoin

The Crypto Fear and Greed Index, a metric that measures the current sentiment in the bitcoin market, has fallen to “extreme fear” levels not seen since April 2020, a report Tuesday showed. The drop in market sentiment follows the past week’s plunge in the bitcoin (BTC) price to about $43,200, down from last month’s record near $65,000. The Crypto Fear and Greed Index is now at 21, down from a “greedy” level of 73 just last week, according to the report from hosting site Alternative… Source link

Bloomberg Novogratz Says Bitcoin Risks Being Under Pressure for Weeks (Bloomberg) — Bitcoin is likely to remain under pressure for weeks after tumbling about 35% since hitting a record high last month, according to one of the biggest investors in the largest cryptocurrency.“I think we are going to consolidate for a while, four to six weeks,” Michael Novogratz, chief executive officer of Galaxy Digital LP, said in an interview, calling a $40,000-to-$50,000 price range fair.Bitcoin fell as… Source link

Mike Colyer leads one of North America’s biggest crypto mining companies, Foundry. Owned by Digital Currency Group (CoinDesk’s parent company), the startup emerged in 2019 and has quickly come to exemplify a trend: the comeback of U.S. crypto mining after years of living in the shadows of China’s greater hash power.  We caught up with Colyer for a preview of his thoughts on the China vs. U.S. rivalry in bitcoin mining, institutional adoption and the controversial concept of “clean… Source link

Bitcoin’s bull market correction may be coming to an end, according to the relative strength index (RSI) – a technical indicator widely used to gauge momentum and identify overbought and oversold conditions. The 14-week RSI has now dropped to 53.00, a level that has consistently acted as solid support and marked an end of corrective pullbacks during the 2016-2017 bull run. The RSI support has come into play as bitcoin charted a 35% drop from $64,801 to $42,000 in the past four weeks. While… Source link

Cryptos recovered some of their earlier losses which had been triggered by Tesla’s Elon Musk. Photo: Reuters Cryptocurrencies ticked up on Tuesday morning, recovering the losses from the weekend after Tesla (TSLA) chief Elon Musk sparked a sell-off.  Meanwhile, a new cryptocurrency called Stopelon has been launched purely to limit Musk’s influence over the volatile market. Bitcoin was up (BTC-USD) 1%, trading at $45,005.418 (£31,708.12). Ethereum (ETH-USD) the second-biggest crypto by market… Source link

Most cryptocurrencies are down Monday, prompting a flurry of activity in the options markets as traders reposition themselves amid increased volatility. Bitcoin (BTC) trading around $44,211 as of 21:00 UTC (4 p.m. ET). Losing 2.8% over the previous 24 hours. Bitcoin’s 24-hour range: $42,269-$46,462 (CoinDesk 20) Ether (ETH) trading around $3,376 as of 21:00 UTC (4 p.m. ET). In the red 1% over the previous 24 hours. Ether’s 24-hour range: $3,142-$3,587 (CoinDesk 20) Bitcoin dumps, rest of… Source link

BGR You should be totally freaked out by the DarkSide attack on Colonial Pipeline We’ve seen this movie before. After warnings go unheeded, a predictable, completely avoidable disaster strikes the US — in the process, revealing a soft, exposed underbelly of risk. And the people who get paid to stop this kind of thing from happening never seem to learn, most of the time, until it’s too late — or nearly. This time, it was the ransomware attack on the Colonial Pipeline which took the US to… Source link

TipRanks 2 Big Dividend Stocks Yielding at Least 8%; Analysts Say ‘Buy’ Dividend stocks are always popular. They offer investors a clear path to returns, with regular cash payments and a yield – a return on the original investment – that usually far exceeds bond yields. But not all dividend stocks are created equal, and some offer better opportunities than others. Dividend yield is a key metric. Among S&P listed companies the average yield is only 2%. However, the highest yields… Source link

(Bloomberg) — For a second week, the crypto market is being ruled by tweets from billionaire Elon Musk. The Tesla Inc. chief sent Bitcoin rallying back above $45,000 on Monday after clarifying that the company hasn’t sold any holdings of the digital token. It’s the latest post to whipsaw prices across the industry and fuel speculation over just why the electric-car pioneer is issuing crypto missives on a daily basis on Twitter. “He has to wake up to the reality that with his following,… Source link

Bloomberg The World Economy Is Suddenly Running Low on Everything (Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The… Source link