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Bitstamp USA CEO on Crypto Markets, Partnership With E-Sports Organization Immortals
Crypto exchange Bitstamp USA CEO Bobby Zagotta discusses the macroeconomic factors impacting the crypto markets. BTC's price is showing "pretty remarkable resilience," he said, despite plummeting Thursday to below $41,000 in the biggest daily drop in four weeks. Plus, Jordan Sherman, CEO of e-sports organization Immortals, shares insights into its partnership with Bitstamp.
Crypto Market Lost $1.3T Since November, Bitcoin and Ethereum Down 50% From All-Time High
Bitcoin’s price has been down 19% in the past seven days, the cryptocurrency’s worst weekly performance since May 2021. Marc Lopresti, managing director at asset manager The Strategic Funds, discusses his take on the new support and resistance levels to watch, identifying the potential bottom.
Bitcoin Long-Term Holders Stay Strong Despite $20K Drop From Last Month’s High
New data reveals the supply of bitcoin held by long-term holders peaked around the end of October and has declined significantly since. This comes as bitcoin held on exchange has been at an all-time low. Both metrics suggest while bitcoin dips, it's not yet at a point where there is a rush to sell. "All About Bitcoin" host Galen Moore breaks down the Chart of the Day.
