Bitcoin News
Arca CIO: ‘Bitcoin Could Go 1000% or 10x From Here’
Bitcoin continued to struggle below the $50,000 resistance level Thursday and is down about 6% over the past 24 hours. Arca CIO Jeff Dorman discusses why he still remains a bullish outlook, adding “bitcoin could go 1000% or 10x from here.”
What’s Driving Bitcoin Lower?
Bitcoin buying activity remains weak despite several oversold signals on the charts. Prime Trust Chief Financial Officer Rodrigo Vicuna discusses his take on the potential catalyst behind BTC’s short-term downtrend and the possible impact of mining on price movements. Is a “Santa Rally” still possible?
Crypto’s Carbon Footprint Could Hinder Adoption: Deutsche Bank
“Mining just one bitcoin consumes a larger carbon footprint than nearly 2 billion Visa transactions,” the bank said.
Chainalysis Blockchain Data Platform to Integrate Lightning Network
Chainalysis clients will be able to allow BTC deposits and withdrawals on the Lightning Network while complying with regulations.
Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles
Bitcoin’s perceived role as an inflation hedge is competing with altcoin speculation and U.S. dollar exposure through tether.
First Mover Asia: Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red
Bitcoin’s drop-off coincides with a strengthening U.S. dollar; ether declines.
Most Influential 2021: Michael Saylor
The MicroStrategy CEO will buy the dip and the top. He’s in the market for bitcoin.
Market Wrap: Bitcoin Dips as China’s Evergrande Defaults, Altcoin Outperformance Could Fade
Investors could start to rotate into bitcoin, indicating lower appetite for risk.
Strike Launches Dollar-Cost Averaging Product in US
The payment app’s users can purchase bitcoin hourly or monthly for as little as 50 cents.
Bitcoin Drops Below $50K, Support Between $43K-$45K
Buying activity remains weak, which reduces the chance of a significant price increase into January.
