Bitcoin sudden pump to $81K annihilates $180M shorts in half a day
About $180 million in short positions have been wiped as Bitcoin hit another new all-time high of $81,358. Go to Source
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About $180 million in short positions have been wiped as Bitcoin hit another new all-time high of $81,358. Go to Source
Trump’s election win sparked a surge in searches, indicating increased retail investor interest in the digital asset. Go to Source
Scott Melker, also known as the “Wolf of All Streets,” believes that we are at the start of a major bull run for both bitcoin and the broader crypto market. “We will likely see a huge bubble and that coins with no fundamental value will also skyrocket before it inevitably pops,” he warned, adding that … Read more
Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin trading services. The Challenges Faced by Localbitcoins and its Ultimate Demise in the Crypto Market The first … Read more
Matrixport’s head of research and strategy suggests the industry will soon see layer 1 and other altcoins outperforming relative to Bitcoin. Go to Source Powered by WPeMatico
Bloomberg Intelligence senior commodity strategist Mike McGlone has affirmed his bitcoin price prediction of $100K, seeing $5K for ethereum as the path of least resistance. He expects the crypto market to thrive in a “refreshed bull market.” Cryptocurrencies Poised to Thrive, Bull Market Revived Commodity strategist Mike McGlone discussed his price predictions for bitcoin and … Read more
A robust cryptocurrency bull market is in the making, a Weiss Crypto Ratings analyst explained. Citing central banks’ “reckless money printing policies” and “the explosion in Defi innovation,” he sees long-term fundamentals favoring cryptocurrencies despite some short-term selloffs. Robust Bull Market in the Making Weiss Crypto Ratings’ Juan Villaverde explained last week that long-term fundamentals … Read more