Bitcoin Breaks $50K for First Time in a Month
Bitcoin, the largest cryptocurrency by market value, broke above the crucial psychological threshold of $50,000 Tuesday for the first time since Sept. 7. Travis Kling, founder and CIO of Ikigai Asset Management, discusses his bitcoin analysis and outlook, explaining key patterns he’s continuing to watch.
Bitcoin Briefly Breaks $50K; Is There a Bull Run Ahead?
Bitcoin is trading around $50,000 for the first time since early September as short-term momentum improves. GlobalBlock Head of Trading Grant Whitlock discusses his analysis and outlook for bitcoin’s price action, explaining the potential factors driving BTC higher and predicting levels to watch as indicators of the next bull run.
The Great Migration of Crypto Mining Amid China’s Most Severe Crypto Ban
Reacting to the North American mining industry making big investments, Kevin Zhang, Vice President of Business Development at crypto mining advisor Foundry, discusses how China’s crackdowns on crypto mining and trading could contribute. He explains the potential impact of the country’s great bitcoin mining migration and where its miners are heading.
CoinDesk Releases Q3 Bitcoin and Blockchain Industry Report Highlighting Scalability
CoinDesk Research has published its latest quarterly report for Q3 2021, outlining the trends driving the digital asset markets, focusing on Bitcoin, Ethereum, DeFi and more.
BitGo CEO on Bitcoin: ‘Large Peak, Large Retreat Ahead’
As bitcoin bounces back above $49,000, Mike Belshe, CEO of institutional crypto custody and security firm BitGo, discusses his short-term outlook and long-term price prediction for BTC. “We will probably … see a large peak and then a large retreat,” Belshe said. “It’s a volatile space. Be prepared for it.”
Crypto Funds Draw $90M in New Money as Confidence Returns
Digital asset investment products attracted $90 million in new money in the seven days last Friday, the seventh straight week of inflows. Bitcoin-focused funds reportedly took in $69 million and has attracted new capital for three straight weeks after a period of outflows in recent months.
Is Bitcoin’s Rally Over?
Bitcoin is trading around $48,000 and is roughly flat over the past 24 hours. Still, the cryptocurrency is up 13% over the past week as buyers continued to defend lower support around $40,000, but is the rally over?
BTC Dominance Declining Since 2019
A sneak peak at one of the charts in CoinDesk’s Q3 crypto markets analysis report reveals bitcoin’s dominance, the measure of BTC market capitalization, compared to the market cap of all digital assets has consistently waned year over year since 2019. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Will Bitcoin's Bull Run Continue Next Week?
Bitcoin is up 9.13% on the day as institutions outside the U.S. have reportedly turned more bullish, but will the rally continue? CoinDesk's Christie Harkin discusses what to expect next week, as the SEC has also delayed its decision to approve four bitcoin ETF applications.
