Auto Added by WPeMatico

Fish food? Data shows retail investors are buying Bitcoin, whales are selling

The number of Bitcoin addresses holding less than 1 BTC has been rising in the face of a 30% price correction from $69,000.

Continue ReadingFish food? Data shows retail investors are buying Bitcoin, whales are selling

Analysts expect Bitcoin trend change after Fed lays out its 2022 roadmap

Traders look for a market-wide recovery now that the Fed confirmed at least three rate hikes and a wind-down of its bond purchasing policy in 2022.

Continue ReadingAnalysts expect Bitcoin trend change after Fed lays out its 2022 roadmap

Bank of England Deputy Governor Warns Crypto Prices Could Fall to Zero

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that the price of cryptocurrencies, including bitcoin, could fall to zero. Noting that the crypto industry is…

Continue ReadingBank of England Deputy Governor Warns Crypto Prices Could Fall to Zero

Bitcoin price slips below $47K as stocks, crypto prepare for this week’s FOMC meeting

BTC, altcoins and stocks sharply sold-off as pressure builds ahead of this week’s FOMC meeting and the possibility that the Fed will taper its easy-money policies.

Continue ReadingBitcoin price slips below $47K as stocks, crypto prepare for this week’s FOMC meeting

Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’

Bitcoin’s drop to $42,000 obliterated its open interest and liquidated a large swath of leveraged traders, but analysts say OI resets typically provide great buying opportunities.

Continue ReadingAnalysts say Bitcoin’s open interest wipeout ‘will give way to further upside’