Bitcoin

2022 - 5 - 10

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Image courtesy of "Barron's"

Bitcoin Keeps Plunging and There's No Sign of Stopping. Where the ... (Barron's)

Bitcoin and other digital assets should, in theory, trade independently of mainstream financial markets. But the recent selloff in cryptocurrencies largely ...

The price of Bitcoin has fallen 4% over the past 24 hours to below $33,300, deepening losses from over the weekend after changing hands around $36,000 on Friday. It puts the largest crypto at its lowest level since January, and a move well below $33,000 would mark a new yearly bottom and the lowest level since July 2021.... Cryptocurrency prices tumbled over the weekend and into Monday, with Bitcoin nearing a yearly low as investors continued to dump risky assets amid a tough stock market and challenging macroeconomic backdrop.

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Image courtesy of "CNBC"

Bitcoin drops to $32000, days after topping $40000, as crypto is hit ... (CNBC)

Cryptocurrency losses steepened over the weekend. Crypto trades 24 hours a day, including weekends. “Bitcoin has followed the lead of the equity market, ...

"But other inflation metrics are starting to slow down and the April CPI could follow suit, which in turn will likely alleviate the market's concern and help recover its risk sentiment." Bitcoin needs to maintain the key psychological level of $33,000 to prevent further deterioration of technical sentiment, Hasegawa added. Losses steepened over the weekend. Key U.S. inflation data for the month of April, due to be released Wednesday, could be a temporary "turning point" for bitcoin, according to Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank. Crypto trades 24 hours a day, including weekends. "Bitcoin has followed the lead of the equity market, extending lower after a weak April," said Katie Stockton, founder of Fairlead Strategies. "Short-term momentum has deteriorated … and bitcoin is no longer oversold from a short-term perspective."

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Image courtesy of "CNN"

Bitcoin prices plunge along with stocks - CNN (CNN)

Other cryptocurrencies, sometimes referred to as altcoins, have been hit hard too. Ethereum, binance, solana and cardano are all down about 15% in the past week ...

The Federal Reserve is starting to pull back on monthly bond purchases and other stimulus which could be bad news for all sorts of speculative assets. The CNN Business Fear & Greed Index That's bad news for bitcoin too, as many crypto backers point to dollar weakness as a bullish sign for digital currencies. , which tends tor rise in tandem with interest rates. The massive pullback in these and other momentum tech stocks is yet another sign of the rapid shift in the market's mood this year. and susceptible to the same concerns that are dragging down the Dow

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Image courtesy of "Coindesk"

Bitcoin Tumbles to Lowest Since July 2021 as Market Panic Grows (Coindesk)

Cryptos slumped across the board all weekend, and added to declines Monday morning as global equity markets swooned.

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Image courtesy of "NextAdvisor"

Ethereum and Bitcoin Prices Are Tanking. Here's Why One Expert ... (NextAdvisor)

Bitcoin just hit its lowest point since July 2021. Here's how low one expert thinks it could go, and what investors should know.

Increased institutional adoption of crypto has made its market more intertwined with the stock market, which in turn, has been largely impacted by the war in Ukraine, surging inflation, and the Fed’s tightening monetary policy, experts say. Bitcoin’s big drop Monday is just the latest reminder for investors that crypto assets come with extra risk and volatility, especially in times of economic and political uncertainty like we’re in now. Bitcoin’s high point of the year so far remains in the earliest days of January, when it nearly hit $48,000. It’s been a shaky start to the week for Bitcoin and other cryptocurrencies, largely driven by ongoing macroeconomic uncertainty. A correlation of one means that they move equally one to the other.” And one expert warns bitcoin could drop even further, below $30,000 for the first time since July 2021.

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Image courtesy of "The Wall Street Journal"

Bitcoin Price Falls by Half From Its High (The Wall Street Journal)

World's largest cryptocurrency falls below $32,000 ... With more professional investors trading bitcoin, the market has increasingly moved in tandem with ...

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Image courtesy of "CNBC"

40% of bitcoin investors are now underwater, new data shows (CNBC)

Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode.

In the last month alone, 15.5% of all bitcoin wallets fell into an unrealized loss, as the world's most popular cryptocurrency plunged to the $31,000 level, tracking tech stocks lower. - In the last month alone, 15.5% of all bitcoin wallets fell into an unrealized loss, as the world's most popular cryptocurrency plunged to the $31,000 level, tracking tech stocks lower. - Bitcoin's close correlation to the Nasdaq challenges the argument that the cryptocurrency functions as an inflation hedge.

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Image courtesy of "Forbes"

Where To Buy Bitcoin At 26% Off Regular Price (Forbes)

Here's a scorecard on eight ways to own crypto. The most intriguing: a low-cost coin trust available at a nice discount.

Contango reflects both the cost of financing a stockpile of a commodity and the cost of securing it. Trading volume, almost all of it in the nearest month, typically runs to $1 billion a day. On bitcoins the contango is a volatile number usually falling between 3% and 6% annualized. At Coinbase Global, where the minimum account size for this service is $500,000, the fee is 0.5% a year. It’s far more likely that bitcoin will crash another 50% than that the discount will make a comparable move from 26% to 63% (meaning: Your trust collapses from 74 cents on the dollar to 37 cents). “Between now and then the discount is likely to deepen as the number of competitive ways to hold bitcoin also deepens.” Osprey has but $100 million of coins in its vault, and its average daily share volume over the past year would be worth $400,000 at today’s share price. The ETF structure allows market makers to cash in unwanted fund shares (or buy new shares when shares are sought after) via a swap for underlying assets. Among the many ways to get a piece of the action, there are wide differences in ownership costs. What might widen the discounts: a continued fall in crypto prices. Bear markets have a way of doing double damage to closed-ends, depressing their share prices even faster than prices decline on the assets they hold. There are pros and cons to every means of getting cryptocurrency exposure, including the little outfit in Fairfield. This survey covers eight bitcoin bets in descending order of my views on their desirability.

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Image courtesy of "Ticker NEWS"

Bitcoin drops by 50% since 2021 peak (Ticker NEWS)

The value of Bitcoin has dropped below $33000 in a major slump for the cryptocurrency.

Bitcoin has seen its price plunge more than 5 per cent in the last day and more than 14 per cent in the last week. The Dow Jones, S&P 500 and Nasdaq lost more than 1% in opening trade. The value of Bitcoin has dropped below $33,000 in a major slump for the cryptocurrency

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