Tag Archives: looming

Bitcoin declined about 5% over the past 24-hours as the price broke below $36,000 support. The world’s largest cryptocurrency by market capitalization is still up about 23% year-to-date, although some traders are concerned about the looming ‘death cross,’ which could indicate a shift from a bullish to bearish price trend. The death-cross is defined by a cross of the 50-day moving average below the 200-day moving average, which could occur over the weekend. Still, some analysts remain… Source link

Crypto investing pioneer and former hedge fund manager Mike Novogratz has stacked up billions of dollars by making bold bets on digital assets. He’s built up his crypto ecosystem company Galaxy Digital (BRPHF) into something akin to a crypto Berkshire Hathaway (if there were such an equivalent in crypto) through investments in promising blockchain projects and his recent record setting $1.2 billion acquisition of custody giant BitGo. And similar to the way equity investors turn to… Source link