Bitcoin falls toward $38K as stocks abandon Fed ‘reactionary rally’
The S&P 500 and Nasdaq sees substantial losses on the day as Fed-induced gains evaporate. Go to Source Powered by WPeMatico
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Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble
A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is an “interesting strategy,” but stressed that during these market conditions “investors should be skeptical.” Weiss Ratings Editor Doesn’t Believe Crypto and Mortgages Mix According to … Read more
Bitcoin ‘bear market’ may take BTC price to $25K, says trader with stocks due capitulation
It could still go either way for Bitcoin price action, but one analyst believes Bitcoin is already coming out on top versus equities. Go to Source Powered by WPeMatico
Bitcoin whale holdings at 7-month highs despite warnings of BTC price crash to $20K
Bitcoin’s correlation with stocks has risen to alarming levels, according to some market analysts. Go to Source Powered by WPeMatico
Bitcoin vs BTC miner stocks: Bitfarms mining chief explains key differences
Direct BTC purchases and Bitcoin mining stock investments are two “fundamentally different” investment strategies to suit different people and interests, Ben Gagnon says. Go to Source Powered by WPeMatico
While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Buys Twitter
Wall Street suffered Monday morning as the major U.S. stock indexes dropped further, building on losses gathered last week. Reports indicate that investors are concerned about the upcoming Federal Reserve rate hikes and China’s recent Covid-19 outbreak. As equities floundered on Monday, the crypto economy slid under the $2 trillion mark and gold prices dropped … Read more
Bitcoin follows fresh US stocks dive as analysis ‘expects’ BTC price to take $37.5K liquidity
It’s looking like a dismal end to the week for both crypto and equities alike with losses increasing. Go to Source Powered by WPeMatico
Bitcoin retests $40K after stocks sell-off meets Fed balance sheet bust
Macro-induced mayhem costs Bitcoin bulls dearly as Ethereum also loses key $3,000 support. Go to Source Powered by WPeMatico
US dollar strength mimics 2020 Coronavirus crash — 5 things to know in Bitcoin this week
USD runs the show behind the scenes as the Easter weekend sparks pain for Bitcoin bulls. Go to Source Powered by WPeMatico
Terra price key support level breaks after 30% weekly drop — more pain for LUNA ahead?
Macro, technicals, and uncertainties concerning Terra’s LUNA-burning mechanism could push price further down in April. Go to Source Powered by WPeMatico
