Features Crypto News by Thebittimes.Com

As the majority of assets in the cryptocurrency market are witnessing a major dip in price, its representative, Bitcoin (BTC), is no exception, but popular investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki sees the decline as a golden opportunity. Specifically, Kiyosaki has identified the current market crash as the time to stock up on the assets that are declining, including Bitcoin, gold, and silver, arguing that moments such as this one are the time to be brave when others are cowering, according to his X posts on August 5. ‘Brave get richer, cowards get poorer’ According to the finance educator, at the moment, “Bitcoin and all markets [are] crashing.” However: Picks for you This is how much WIF traders have lost since buying April’s top 13 hours ago

SOL price has started to cool off as investors potentially question the reasons for the most recent double-digit rally. Solana (SOL) experienced a notable 36.6% increase in value between Oct. 30 and Nov. 2. However, SOL’s failure to breach the $44.50 mark resulted in a 10% correction down to $40 on Nov. 6. This movement has left many investors pondering whether the ecosystem growth and network activity support Solana’s present $16.9 billion market capitalization. Solana's peak at $44.50 on Nov. 2 was the highest it had reached since August 2022, and coincided with the Solana Breakpoint 2023 global conference held in Amsterdam. The price hype during this period even prompted BitMEX co-founder Arthur Hayes to admit to being a "degen" and invest in SOL, despite referring to the token as "just a meme." During the Breakpoint conference, the Solana Foundation unveiled the testnet launch of Firedancer, a new client aimed at enhancing speed, reliability, and reducing

ETH rallied alongside Bitcoin as new spot ETF news emerged, and the altcoin could benefit from the failure of its layer-1 competitors. Ether (ETH) price has declined by 14.7% since its peak at $2,120 on April 16, 2023. However, two derivatives metrics indicate that investors have not felt this bullish in over a year. This discrepancy warrants an investigation into whether the recent optimism is a broader response to Bitcoin (BTC) breaking above $34,000 on Oct. 24. One possible reason for the surge in enthusiasm among investors using ETH derivatives is the overall market's excitement regarding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. According to analysts from Bloomberg, the ongoing amendments to the spot Bitcoin ETF proposals can be seen as a “good sign” of progress and impending approvals. This development is expected to drive the entire cryptocurrency market to higher price levels. Interestingly, comments issued by the U.S. SEC C

Bitcoin and select altcoins are looking strong at the start of October, but will the flashpan bullish momentum last? The United States legislators in the House and Senate came to a temporary agreement on Sep. 30 and averted a government shutdown for 45 days. This news could have acted as a catalyst for Bitcoin’s (BTC) sharp rally on Oct. 1. Additionally, the historically strong performance of Bitcoin in October could have boosted sentiment further. The U.S. stock markets are also in a sweet spot in October. Data from the Stock Trader’s Almanac shows that the S&P 500 Index (SPX) has risen by an average of 0.9% in October, between 1950 and 2021. However, it does not mean that the bulls can be carefree because the stock market weathered one of its worst declines in the Black Monday crash in October 1987. Daily cryptocurrency market performance. Source: Coin360 While a short-term up-move is possible in the cryptocurrency markets, it is unlikely to start a runaway rally. Higher levels

Bitcoin clinches a BTC price boost as the latest U.S. macro data flows in, with all eyes on Powell next. Bitcoin (BTC) hit new weekly highs after the Sep. 28 Wall Street open as markets awaited fresh cues from the United States Federal Reserve. BTC/USD 1-hour chart. Source: TradingView Bitcoin summons volatility ahead of Powell speech Data from Cointelegraph Markets Pro and TradingView showed BTC price strength staging a comeback on the day, having delivered what some referred to as a classic “pump and dump” 24 hours prior. During that performance, highs of $26,823 appeared on Bitstamp as the result of 2% daily gains before Bitcoin retraced all of its progress. A slower grind higher then took hold, with bulls edging closer to $27,000 at the time of writing. Bitcoin appeared to react well to the latest U.S. macroeconomic data prints. GDP for Q2 grew by 1.7% year on year — below the projected 2.0% — while Personal Consumption Expenditures (PCE) index data for August came in in line w

Bitcoin faces the highest levels in the U.S. dollar index (DXY) of 2023 so far as BTC price action wobbles. Bitcoin (BTC) hugged $26,000 at the Sep. 24 Wall Street open as a weekly close “nosedive” brought lasting consequences. BTC/USD 1-hour chart. Source: TradingView Bitcoin must preserve support now, analysis says Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory uncertain after briefly piercing $26,000 support. Sideways weekend trading soon turned sour into the new week, and upset overnight meant that bulls were unable to recoup lost ground. #Bitcoin Weekend price action wasn't exciting until the later hours on Sunday as expected. Price held around the CME Close price until futures opened and then took a nose dive. https://t.co/HgmYShdrjA pic.twitter.com/VAzov8haCJ — Daan Crypto Trades (@DaanCrypto) September 25, 2023 “Bitcoin failed to break through local resistance in the form of a descending trend line, and it looks like a little bearish rig

BTC price volatility returns as good news over the GBTC conversion to a spot Bitcoin ETF sends markets rallying. Bitcoin (BTC) neared two -week highs on Aug. 29 as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators. BTC/USD 1-day chart. Source: TradingView SEC was "arbitrary and capricious" with Bitcoin ETF rejection Data from Cointelegraph Markets Pro and TradingView captured an instant BTC price reaction to the event, with BTC/USD gaining $1,700 in around 30 minutes. The news upended a stale Bitcoin trading environment which had endured after snap losses in mid-August. A ruling by the United States Court of Appeals for the District of Columbia Circuit stated that the U.S. Securities and Exchange Commission (SEC) was wrong to reject an application by Grayscale to launch an exchange-traded fund (ETF) using the Bitcoin spot price as its basis. “The denial of Grayscale's proposal was arbitrary and capricious because the SEC

Bitcoin and altcoins lose more ground after comments from the Federal Reserve suggest that the regime of interest rate hikes could continue into 2024. Federal Reserve Chair Jerome Powell spoke today and in his Jackson Hole speech he cautioned that inflation remains too high and that the central bank remains open to raising rates further if needed. The remarks by Powell strengthen the narrative that interest rates are likely to remain higher for longer.  However, a positive sign is that after a brief sell-off, the United States equities markets have recovered from their intraday lows. With the event having passed without any major price movement, traders are back to guessing as to what could move the markets next. Daily cryptocurrency market performance. Source: Coin360 Pantera Capital believes that Bitcoin’s (BTC) price action will continue to follow its previous halving cycles. If that happens, Bitcoin could rise to $35,000 by April 2024 when the next halving is expected to occur. Af

BTC price will have trouble breaking above $35,000, various analysts warn, as major resistance appears on Binance. Bitcoin (BTC) bulls face a tough task to bring BTC price action past $35,000, fresh analysis predicts. In its latest market update on July 5, trading firm QCP Capital flagged the mid-$30,000 range as a potential cooling-off point for the Bitcoin bull market. Bitcoin homes in on post-FTX rally peak With BTC price stagnating around $30,000, concerns are mounting that the majority of its gains have already materialized. The area between $35,000 and $40,000 is now particularly popular among market participants seeking to catch a local top, and QCP is one of them. “Tactically (short-term), our favoured trade to play this is selling end-Sep 33k to 35k calls, and using the premiums to buy 30k puts,” it summarized about its plans for H2 trading. QCP highlighted incoming resistance for the moving average convergence/divergence (MACD) indicator — designed to measure price strengt

Two key Bitcoin price metrics suggest that bulls will be able to hold the $30,000 level as support. Bitcoin (BTC) has been trading above $31,000 after its 24.3% rally between June 15 and June 23, which caught many off guard. For bears, that meant facing $165 million in short futures contract liquidations, but the unexpected rally also brought some degree of discomfort for investors using Bitcoin derivatives. Inflation remains the biggest question mark for traditional markets, a point highlighted by the recent 50-basis-point interest rate increase by the Bank of England, followed by similar moves in Norway and Switzerland, leading to the highest cost of capital in over a decade for the region. In response to questions from lawmakers on the United States House Financial Services Committee on June 21, Federal Reserve Chair Jerome Powell said that “the process of getting inflation back down to 2% has a long way to go” and reiterated that “nearly all FOMC participants expect that it will

The cryptocurrency market has been experiencing low volatility for the past two months, but does that mean investors should just sit and wait? Cryptocurrency markets are well-known for their volatility, where large price swings help investors create or lose fortunes. Yet there are often periods of relative stability where the tight price action bores some while being an opportunity for others. Since the beginning of the year, Bitcoin’s (BTC) price has soared by over 60%, climbing from around $18,000 to over $27,000 at publishing time. However, the cryptocurrency has been stuck in a narrow range for the past two months, fluctuating between $26,000 and $29,000. It has occasionally attempted to break out above $30,000 but also faced some dips to $25,500. According to CCData, Bitcoin’s volatility has dropped to 48.2% this year from 62.8% last year and from 79% in 2021. The cryptocurrency’s average daily change so far this year has been steady, with gains of 1.68% and losses of 1.93%. /1

Traders are still tiptoeing around markets as multiple risk events remain at the forefront, but BTC margin and futures markets are starting to favor a bullish breakout. Bitcoin (BTC) has been trying to break above the $27,500 resistance for the past week, but to no avail. One of the reasons limiting Bitcoin’s upside is the risk of an eventual U.S. default as the government struggles to get the debt limit increase approved in Congress.  Still, some analysts and investors argue that the U.S. debt ceiling standoff is merely a "show" because, ultimately, additional money will hit the markets. The US Debt Ceiling talks are all show. They're going to print the dollar into oblivion. You need to own hard assets to protect your wealth.#Bitcoin is the fastest horse in the race. — MacroJack (@macrojack21) May 17, 2023 Notice how MacroJack correlates Bitcoin’s digital scarcity to the next logical step: additional inflationary pressure. The stimulus measures, meaning, increasing