Bitcoin Could Hit $90K by Year End if Trump Becomes President Again: Bernstein
If Kamala Harris wins, the world's largest cryptocurrency could drop to as low as $30K, the report said.
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Sep 9, 2024 at 8:54 a.m. UTC
Sep 9, 2024
Bitcoin
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Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
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Bitcoin Bottom In? BTC Order Book Liquidity Says Yes
Liquidity both close to and further away from the going market rate has declined, hinting at an impending bull reversal.
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Sep 9, 2024 at 8:33 a.m. UTC
Sep 9, 2024
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Bitcoin 'Grossly Undervalued' at Current Prices, Traders Say Ahead of CPI, Trump-Harris Debate Week
The asset and broader crypto market tend to move on the release of U.S. economic figures and political developments.
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Sep 9, 2024 at 4:47 a.m. UTC
Sep 9, 2024
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Is Bitcoin Losing Its Bullish Momentum?
BTC's 200-day SMA is close to losing its bullish momentum. TradingView data shows that the gauge has averaged a daily increase of less than $50 since late August, well below t...
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Sep 6, 2024 at 4:19 p.m. UTC
Sep 6, 2024
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CoinDesk Markets Week in Review
CoinDesk Indices presents notable data insights from the week, followed by additional analysis from Julien Vallet, CEO of Finst.
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Sep 6, 2024 at 3:43 p.m. UTC
Sep 6, 2024
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Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility
The price swing liquidated nearly $50 million of leveraged derivatives positions across all cryptocurrencies in one hour, CoinGlass data shows.
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Sep 6, 2024 at 2:43 p.m. UTC
Sep 6, 2024
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Galaxy’s $30m Offer to Rhodium, Bitmain’s ASIC Surplus, Bitcoin Mining (in Space!), and…Tokenized Nicotine?
In this week’s news roundup, Will and Colin discuss Rhodium’s option to borrow $30m from Galaxy to help with its Chapter 11 restructuring, as well as a Blockspace investigatio...
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Sep 6, 2024 at 1:13 p.m. UTC
Sep 6, 2024
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U.S. Added 142K Jobs in August, Likely Setting Stage for 25 Basis Point Rate Cut
The bitcoin price rose 1% just after the numbers hit, but remains lower by about 5% from one week ago.
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Sep 6, 2024 at 12:41 p.m. UTC
Sep 6, 2024
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First Mover Americas: BTC Treads Water Ahead of U.S. Jobs Report
The latest price moves in crypto markets in context for Sept. 6, 2024.
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Sep 6, 2024 at 12:07 p.m. UTC
Sep 6, 2024
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Bitcoin's 200-Day Average About to Lose Bullish Momentum; NFP Eyed
The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.
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Sep 6, 2024 at 11:04 a.m. UTC
Sep 6, 2024