Bitcoin Supercycle May Be Happening, Says Commodity Strategist Mike McGlone
Bloomberg Intelligence senior commodity strategist Mike McGlone has explained that a supercycle may be happening in bitcoin, noting that the cryptocurrency is beating gold by almost 10 times so far this year. The strategist added that if past trends hold, bitcoin’s volatility is more likely to recover compared to commodities when the crypto “heads toward new highs.”
Arthur Hayes Thinks Bitcoin Can Still Hit $1M This Cycle
Arthur Hayes said Bitcoin won’t hit $1 million in 90 days.
ARK’s Cathie Wood Says Bitcoin’s Upsurge As Global Banks Roil Will Attract New Institutional Investors In Droves
ARK Investment Management CEO Cathie Wood thinks bitcoin’s outstanding price action despite the turbulence in traditional finance will attract more individual and institutional investors.
Bitcoin ($BTC) Price Could Rise to $50,000 Amidst Financial Crisis, Says Former Goldman Sachs Exec
The price of the flagship cryptocurrency Bitcoin ($BTC) could surge to $50,000 amidst a widespread financial crisis as short sellers fail and the cryptocurrency gains greater mainstream acceptance.
Federal Reserve Hikes Rates by 25 Basis Points
The U.S. Federal Reserve raised its benchmark fed funds rate by 25 basis points to a target range of 4.75%-5%, inline with most market participants.
Everything You Should Know About Bitcoin With The Credit Suisse Run
When you enter the world of cryptocurrencies, you can feel overwhelmed. There are more than a thousand concepts and over 10,000 unknown words or tokens. You may think that getting it right is an impossible task.
Bitcoin Emerges as Safe Haven as Traditional Finance Faces Turmoil
Bitcoin has regained its luster as digital assets outperform following traditional finance’s (TradFi) recent turbulence. With the collapse of Silvergate, Silicon Valley Bank (SVB), Signature Bank and most recently Credit Suisse, cryptocurrencies appear to have become a safe haven among the mismanaged TradFi establishment.
US Stocks Open Flat Ahead Of Fed Decision as Bitcoin Price Rises
The US stock market showed little reaction at the open ahead of the crucial Federal Open Market Committee (FOMC) decision on interest rates while Bitcoin price continues to rise. The decision now gains all the more importance as it comes amid the banking crisis. A majority of investors believe that the Fed panel would go for a 25 bps hike while few think there will be no hike. Meanwhile, the crypto market is largely following a sideways pattern ahead of the decision.
Former Coinbase CTO Urges ‘Get to Bitcoin’ Before CBDC Digital Lockdown
Former Coinbase CTO Balaji Srinivasan warned people to “GET TO BITCOIN BEFORE DIGITAL LOCKDOWN.”
