What’s Driving the BTC Price Dip?
MarketGauge's Michele Schneider discusses the possible catalysts for bitcoin market moves, citing a recent vote in the European Union to move forward with restrictive crypto regulations and increased buying by whales like MicroStrategy. Plus, a discussion about bitcoin as a risk-on or risk-off asset and why Schneider is optimistic about Luna, Avalanche, and Solana.
BTC Monthly Gains Resemble June 2021 Reversal; Possible Bull Run Ahead?
According to new TradingView data, the structure of bitcoin’s consecutive monthly gains following a three-month losing streak resembles the reversal higher seen after June 2021, before BTC shot to $69,000 in November. Plus, the triangle breakout from this month shows a bullish formation. “All About Bitcoin" host Christine Lee presents the Chart of the Day.
Could the Axie Infinity Hack Happen on the Bitcoin Network?
Halborn Co-Founder Steven Walbroehl discusses security issues with centralized cross-chain bridges following the $625 million exploit of Axie Infinity’s Ronin network. Plus, why proof-of-work consensus mechanisms are more secure and the possibilities of a similar attack on the Bitcoin network.
Bitcoin’s Correlation to Meme Stocks Reaches Highest Level Since 2020
CoinDesk Markets Analyst Damanick Dantes discusses bitcoin’s strong correlation with meme stocks at its highest level since 2020, and what it reveals about the crypto markets. Plus, his bitcoin price outlook as the Luna Foundation Guard purchased over $270 million in BTC this week for its UST stablecoin reserves.
Bitcoin Holds Steady as Luna Foundation Guard Purchases Over $270M BTC This Week
Bitcoin’s price has stabilized as Luna Foundation Guard (LFG) resumed its BTC buying spree. This week, the nonprofit organization focused on UST acquired nearly 5,800 BTC worth over $270 million. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Crypto Markets React to $600M Axie Infinity Exploit
Charlotte Principato, Morning Consult financial services analyst, discusses the current state of the crypto markets following the $625 million exploit of Axie Infinity’s Ronin network. Plus, a conversation on the market impact of Luna Foundation Guard’s purchase of $272 million worth of bitcoin for its stablecoin reserves.
Bitcoin Breaks $48K to 3-Month High, Triggers Over $300M in Liquidations
Bitcoin rose to a three-month high Monday of over $48K, a level not seen since last December. The price climb triggered market-wide short liquidations worth over $300 million, which could indicate bullish momentum. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
UAE Becoming Crypto Hub; India’s Tax Bogeyman
Australia’s BTC Markets partners with Mastercard for payment options. Crypto.com, Bybit book tickets to Dubai to set up bases. India’s crypto taxes scaring away younger investors. More on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”