Bitcoins

Bitcoin's Correlation With Stocks Comes Back as Economic Factors Roil Markets

Bitcoin’s Correlation With Stocks Comes Back as Economic Factors Roil Markets

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“Bitcoin has behaved similarly to tech stocks, albeit with some idiosyncratic events, namely forced selling by large institutions like Three Arrows Capital,” he told CoinDesk in a written note. “There doesn’t seem to be any indication that crypto will stop moving in response to Fed policy decisions, though Ethereum’s upcoming Merge is one of the …

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Binance’s USDC Swap-Out Isn’t What You Think it Is; What's Behind Bitcoin's Late Dive?

Binance’s USDC Swap-Out Isn’t What You Think it Is; What’s Behind Bitcoin’s Late Dive?

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On the one hand, the fact that the exchange is removing, behind the scenes, USDC as one of its pegs would suggest that it might be a grander play to delete the stablecoin from history after it gets absorbed. After all, one of the functions of stablecoins, aside from their use in trading pairs, is …

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Bitcoin’s Price Plummets on Global Inflation Concerns

Bitcoin’s Price Plummets on Global Inflation Concerns

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The BTC hourly chart below illustrates the time of the German PPI announcement, in conjunction with the drop in BTC prices. The decline came along with excessive volume for the 06:00 UTC hour, when compared to BTC’s 20-hour moving average. The decline also occurred within a price range with lower volumes historically. The Volume Profile …

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Large publicly traded companies aren’t following MicroStrategy’s lead

MicroStrategy CEO Saylor says bitcoin’s near-term volatility largely irrelevant

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Bitcoin’s near-term volatility is largely irrelevant once you understand the fundamentals of the leading cryptocurrency and how difficult it would be to create something better, according to MicroStrategy CEO Michael Saylor. “Bitcoin is the most certain thing in a very uncertain world, it’s more certain than the other 19,000 cryptocurrencies, it’s more certain than any …

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Nayib Bukele Is Not the Bitcoin Hero We Need

El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele Says

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El Salvador bought 410 bitcoin for $15 million Friday, the country’s President Nayib Bukele said on Twitter. “Some guys are selling really cheap,” he added in his tweet. It is difficult to verify such claims on the public blockchain, since a buyer of a block of BTC that size would almost certainly have to buy …

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Here's why the market will be the ultimate decision-maker for Bitcoin's future

Here’s why the market will be the ultimate decision-maker for Bitcoin’s future

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“I think Bitcoin is the first real global money of integrity” according to Okcoin CEO Hong Fang. In a recent interview, she said if “Bitcoin can succeed at the monetary level of achieving a decentralized and censorship-resistant network of money,” there’s hope for other projects as well. She added, “That includes a lot of layer …

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Bitcoin’s Price Remains Boxed In Below $51K Over Holiday Weekend

Bitcoin’s Price Remains Boxed In Below $51K Over Holiday Weekend

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On Wednesday, we recapped how Tesla’s bitcoin acceptance and Coinbase’s direct listing helped send bitcoin’s price to a new all-time high near $65,000, which turned out, in hindsight, to be the market peak. Today, we’ll show how some traders and investors began to cash out in April and May as concerns mounted over U.S. capital …

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