Steve Hanke, a senior economics professor at Johns Hopkins University, has said the recent market performance reinforces his long-standing view that Bitcoin (BTC) is ‘fool’s gold’ rather than a genuine store of value. The economist’s critique comes as gold prices surged to record highs above $5,000 per ounce, while Bitcoin has lagged, trading in the
Matrixport, known for its analysis of cryptocurrency markets, has published a noteworthy assessment of Bitcoin’s technical outlook. In the chart shared today, the company emphasized that the 21-week moving average (21W MA) is one of the critical indicators for distinguishing between bullish and bearish trends in Bitcoin. Red Line: Bitcoin’s 21-week moving average The 21-week
While Bitcoin (BTC) has experienced a series of sharp declines in recent months, a new Coinbase survey reveals that 71% of institutional investors believe Bitcoin is undervalued. According to a survey conducted by Coinbase, the vast majority of institutional investors view Bitcoin’s current price as undervalued. The survey was reportedly conducted between early December and
Bitcoin BTC$87,851.82 fell to as low as $86,000 when CME futures opened on Sunday after the weekend pause. It’s since recovered slightly, though the market structure remains firmly in a downtrend. This initial drop created a pricing gap extending as high as $89,265. A CME gap forms when bitcoin’s spot price moves while CME futures
The downward trend continues in Bitcoin (BTC) and altcoins. At this point, Bitcoin has fallen below $88,000 again, while gold and silver are breaking record after record. As the gap between Bitcoin and gold and silver continues to widen, the analysis platform Santiment has assessed that some cryptocurrencies may be in a good position to
Since 2026 started, Bitcoin (BTC) has been trading with much volatility, despite some attempts to climb back toward $100,000, with a downward bias. The cryptocurrency’s latest turn was similarly bearish as BTC crashed 3% to $86,226 in the last 24 hours before partially retracing to land at $87,882 for a total one-day drop of 0.32%.
Institutional investors still demonstrate great confidence in Bitcoin despite the recent volatility of the market. A December survey issued by Coinbase indicated that almost 80% of institutions reported that they would either purchase or retain more crypto in case the market declines by an additional 10 percent. This demonstrates a strong rationale in believing in
Metaplanet Inc., a Tokyo listed Bitcoin treasury firm released a major earnings update. The company revised its full year forecast for fiscal 2025 and shared its outlook for 2026. The update followed a large accounting loss tied to Bitcoin price decline. Metaplanet said its business operations performed better than expected. But falling Bitcoin prices forced
Crypto Rover created a new panic after writing a dramatic warning of the price action of Bitcoin. He employed a very bold headline and a breakdown chart to catch attention. His message to viewers was to view his most recent video right now. The framing of the situation by the post was framed as frantic
The US Dollar Index (DXY) has fallen to a four-month low amid growing speculation of a “yen intervention” by the US and Japan. Analysts warn that the DXY may face further downside pressure. Now, market attention is shifting to what the next policy moves could mean for digital assets. Why Is The US Dollar Index