Bitcoin News
Bitcoin Is Uninvestable Right Now, Strategist Says
Path Trading Partners co-founder and Chief Market Strategist Bob Iaccino says while bitcoin (BTC) is uninvestable in the short term, "that's not a negative on the space." Long term, he compares bitcoin to gold. Plus, Iaccino's reaction to audit firm Mazars pausing work for crypto clients.
Bitcoin Nears its First Weekly Chart 'Death Cross'
The cryptocurrency's 50-week simple moving average (SMA) is falling fast and looks set to cross below the 200-week SMA for the first time on record. According to technical analysis theory, the bearish intersection of the two averages often referred to as the death cross, means the market is about to head into a tailspin. Path Trading Partners co-founder and Chief Market Strategist Bob Iaccino weighs in.
First Mover Americas: Crypto Auditing Hits Snag
The latest price moves in crypto markets in context for Dec. 16, 2022.
Bitcoin, Ether Slip as Audit Firm Mazars Pauses Work for Crypto Clients; S&P Futures Drop
Bitcoin outperformed ether and BNB as Mazar's decision to suspend crypto audit work and Binance fears weighed over the crypto market.
Bitcoin Few Weeks Away From Its First Weekly Chart 'Death Cross'
Bitcoin has never seen a death cross on its weekly chart before and the ominous-sounding indicator has a bad reputation of trapping sellers on the wrong side in traditional markets.
First Mover Asia: Active Crypto Developers Decreased Nearly 60% in 2022
Despite the decline over the past year, about 1,600 developers are still active in building the top blockchains and decentralized applications during this bear market.
Crypto Markets Today: Archblock Attempting to Bring US Banks to DeFi; Bitcoin and Ether Stall
Archblock's plan comes at a precarious time, with undercollateralized lending protocols grappling with loan defaults across the board.
Examining Bitcoin's Correlation With Inflation
Bitcoin closely tracks inflation expectations and appears to be negatively correlated to core CPI, real estate prices and M2 money-supply changes. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Crypto Markets Analysis: Bitcoin and Ether Stall Following Chair Powell’s Sobering Tone
Funding rates for bitcoin and ether take different routes for the moment.
Bitcoin Below $18K After Interest Rate Hikes in US and UK
Bitcoin (BTC) is trading at $17,500 following interest rate hikes of 50 basis points by the Bank of England and the U.S. Federal Reserve. Opimas LLC CEO and founder Octavio Marenzi joins “First Mover” to discuss the crypto price actions. Plus, why the bankrupt crypto exchange FTX is now a “lost cause.”
