Bloomberg Intelligence senior macro strategist Mike McGlone is setting a new potential price floor for the Bitcoin ( BTC ) bear market. In a new interview with crypto analyst CryptoBirb, McGlone says Bitcoin’s heavy breakdown from previous support levels was a strong sign that BTC was headed significantly lower. He says Bitcoin could drop down…
Bitcoin (BTC)
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New York Enacts Partial 2-Year Ban on Crypto Mining By DailyCoin
New York Enacts Partial 2-Year Ban on Crypto Mining BTC/USD +1.79% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new…
Here’s why $16.5K is critical for November’s $1.14B Bitcoin options expiry
8 minutes ago Here’s why $16.5K is critical for November’s $1.14B Bitcoin options expiry BTC bulls were liquidated during the drop to $15,500 on Nov.21, and more downside could occur if bears profit $245 million during Friday’s expiry.124 Total views 0:00 Market Analysis Bitcoin ( BTC ) faced a 7.3% drop between Nov.20-21 as it…
El Salvador inches closer towards controversial Bitcoin bonds
El Salvador inches closer towards controversial Bitcoin bonds El Salvador is moving forward with plans to sell bitcoin-backed bonds, as evidenced by the national assembly’s consideration of a draft law to govern digital assets. Bitcoin bonds plan still in play Maria Luisa Hayem Breve, the nation’s minister of economy, delivered the measure to the Legislative…
Toon Finance Launches Decentralized Exchange During CEX Meltdown – Btcminingvolt
Meme coins, such as Toon Finance and others like it, have risen in value recently because of their ability to provide high returns to investors and to stick in the minds of the public.These currencies typically skyrocket in value, making early adopters a fortune. There’s always something new to learn about cryptocurrencies.Meme coins are the…
Dollar cedes some ground, bitcoin hunkers down
SINGAPORE/LONDON, Nov 22 (Reuters) – The dollar retreated on Tuesday after rallying the previous day when investors rushed to the safe-haven currency on worries about China’s COVID flare-ups, while fears of fresh contagion from the collapse of crypto exchange FTX pressured bitcoin. The euro was up 0.3% at $1.0265 after an 0.8% loss on Monday,…
FTX holds $1.24 bln cash balance ahead of bankruptcy hearing
NEW YORK/LONDON, Nov 22 (Reuters) – FTX has a total cash balance of $1.24 billion, a court filing by advisers on the stricken crypto exchange’s restructuring showed ahead of U.S.bankruptcy hearings set for later on Tuesday. The collapse of FTX, once one of the world’s largest cryptocurrency exchanges, has left an estimated 1 million creditors…
Marketmind: Wild oil ride amid China and crypto woe
A look at the day ahead in U.S.and global markets from Mike Dolan.Turbulence in oil, China’s COVID crunch and unravelling cryptocurrencies make for uncomfortable reading for investors starting to parse what looks like a recessionary year ahead. Higher interest rates and slowing economies dominate most 2023 outlooks, not least Tuesday’s latest from the Organisation for…
Cryptoverse: Let’s talk about DEX, baby | MarketScreener
(Reuters) – As the crypto castle crumbles, some true believers say the answer is to double down on DEX.Decentralized exchanges, that is.The spectacular collapse of Sam Bankman-Fried’s FTX, a major centralized crypto exchange, has unleashed a wave of calls for more regulation from mainstream bankers and investors. By contrast, some crypto players are channeling bitcoin…
Dollar steadies as China tightens COVID curbs
SINGAPORE/LONDON, Nov 22 (Reuters) – The dollar steadied on Tuesday after rallying the previous day as investors flocked to the safe haven currency on worries over China’s COVID flare-ups, while bitcoin came under pressure after fears of fresh contagion from the collapse of crypto exchange FTX. The euro was up 0.14% to $1.0258 after an…