Le Identifies Seven Potential Market Catalysts Bitcoin markets could become more active during the fall as several regulatory, financial, and political developments converge, Strategy President and CEO Phong Le stated Aug. 16. His market outlook connects the potential revival with policy changes, institutional adoption, economic stability, geopolitical developments, and the U.S. midterm elections. Le presented
Bitcoin’s [$BTC] current valuation sits at the lowest end of the rainbow model, extending a decline that has moved the price below its historical trend. The metric normally categorizes the price of $BTC based on valuation bands using the relationship of market price to long-term growth trend. As the price falls further below that trend,
Bloomberg Intelligence Senior Commodity Strategist Mike McGlone has updated his medium-term Bitcoin forecast, warning investors about the risk of a major price correction. While the U.S. stock market, represented by the Nasdaq and S&P 500, is reaching new all-time highs, the leading cryptocurrency continues to lag behind equities. According to the analyst, Bitcoin’s inability to
The Coinbase Bitcoin Premium Index has extended its record-breaking negative streak to 90 consecutive days, CoinGlass data shows. According to data from CoinGlass, the index has remained below zero from May 19 through August 16. The latest reading stands at -0.1066%. This makes the current run the longest period of consecutive negative readings since the
David Tait, CEO of the World Gold Council, made radical statements about the cryptocurrency world while appearing as a guest on David Lin’s channel. Tait stated that his personal opinion on Bitcoin is “to go to zero,” and criticized the leading cryptocurrency’s high correlation with risky assets. Nevertheless, Tait, who offered market advice to investors,
Bitcoin [$BTC] was flowing into exchanges even as the leading crypto’s price threatened to fall below $62k. Major platforms such as Binance, Kraken, and Bitstamp have seen sizeable coin inflows. Source: CryptoQuant The Binance reserve rose from 662k to 671.6k $BTC, a 1.45% increase in a week. Kraken saw a 3.48% weekly increase in exchange
Saylor Frames Bitcoin as a Technology for Preserving Economic Value Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor on Aug. 15 described bitcoin as an engineering solution for storing and transferring economic value, extending his long-running argument that the asset should be understood as monetary technology rather than only a cryptocurrency. In his “What Is
The university’s endowment kept its $101 million position in BlackRock’s bitcoin ETF unchanged in Q2, following a 43% reduction the quarter before. Harvard’s endowment did not adjust its bitcoin exchange-traded fund holding during the second quarter, according to filings reviewed by The Block and CryptoBriefing. The position, held through BlackRock’s spot bitcoin ETF, was valued
A Long-Term Oversold Signal Fairlead Strategies founder Katie Stockton says the technical damage bitcoin has taken over the past several months may finally be running its course. To bolster her case, Stockton pointed to a rare long-term signal where bitcoin has registered a measurable oversold reading on two of Fairlead’s preferred long-term indicators, a combination