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Bitcoin Price Analysis: After BTC’s Quick Dip Below $40k, Is Local Bottom Confirmed?

Global risk-off, uncertainty over Evergrande’s debt crisis, and large liquidations have been pressuring Bitcoin lately. The near-term chart may look bearish, but the fundamental and on-chain trend remain firmly bullish,…

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Extreme Fear Among Bitcoin Investors for the First Time in Two Months

The Bitcoin Fear and Greed Index, which reveals the crypto community’s general feelings towards the primary cryptocurrency, has gone into an “extreme fear” territory for the first time since the…

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Bitcoin Dropped to 7-Week Low Beneath $40K Before Recovering (Market Watch)

Bitcoin’s price continued to suffer in the past 24 hours as the asset dumped below $40,000 for the first time since early August. Most altcoins also followed, with ETH standing…

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Bought the Dip: 3rd Largest Bitcoin Whale Purchased $13M Worth of Bitcoin at $40.5K

The latest price dump from bitcoin to around $40,000 has enabled the third-largest BTC whale to accumulate more portions of the asset at a discount. In a “buy the dip”…

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SEC Could Approve a Bitcoin Futures ETF by October, Says Bloomberg Strategist

The US Securities and Exchange Commission could greenlight a Bitcoin futures ETF as early as October this year, said Bloomberg’s Senior Commodity Strategist – Mike McGlone. He also doubled down…

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SEC Chair Gensler: Stablecoins Are Poker Chips at the Casino Gaming Tables

David Ignatius of the Washington Post interviewed SEC chair, Gary Gensler, on the cryptocurrency landscape, his thoughts on his approach to regulating the crypto space. Gensler expresses optimism for the…

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Jim Cramer Urges for Caution in The Cryptocurrency Market Amid Evergrande Saga

CNBC’s Jim Cramer opined that the Evergrande debt crisis in China could keep causing severe disruption in financial fields, including the cryptocurrency market. He also advised people sitting on unrealized…

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Major Brazilian Bank BTG Pactual to Offer Investment Options in Bitcoin and Ethereum

The major Brazilian bank – BTG Pactual – will enable its customers to trade digital assets directly through a new platform called Mynt. The offering will be available from the…

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Bitcoin Dipped to $40K Amid Global Stocks Pullback (Market Watch)

Amid the growing uncertainty within the global financial markets, bitcoin slumped by several thousand dollars in a day to just over $40,000. The alternative coins suffered even more with massive…

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