Analysts: This Bear Market May Not Last Long
Cryptocurrency markets will likely stay under sell pressure for the next few weeks, but data points indicate this bear may be short-lived. “We are in the middle of a bull market cycle that is punctuated by a temporary bear market,” host Adam B. Levine says.
Billionaire Ricardo Salinas Pliego Says His Bank Is Working to Be First Lender in Mexico to Accept Bitcoin
Billionaire and noted bitcoin bull Ricardo Salinas Pliego revealed he is working to make his bank, Banco Azteca, the first lender in Mexico to accept bitcoin. “The Hash” team continues the ongoing conversation around Latin America’s booming institutional interest for cryptocurrencies and the implications for financial access.
Are We in a Bear Market; How Long?
"We can't use the old equity benchmark, a 20% pullback from recent highs, to determine if we're in a bear market," GlobalBlock's Grant Whitlock says on "First Mover," pushing back the argument that we are in a bear market following the recent price drops for bitcoin. "You're talking about a product that can move 20% in a day," he added. Bitcoin now bounces back 15% after falling below $30K, battling resistance in the $37-37K range. Are we out of the woods yet? What's next?
Key Indicator Shows Capital Beginning to Flow Back Into Bitcoin
The stablecoin supply ratio oscillator, which has historically marked major price bottoms, is showing renewed flow of capital into bitcoin. CoinDesk's Christine Lee breaks down the Chart of the Day.
Why the Crypto Markets Might Take Another Dive Next Week
CoinDesk Managing Editor of Technology Christie Harkin joins "All About Bitcoin" host Christine Lee to explore what to expect next week in the crypto markets, where the miners might be heading following China's crypto ban and why we may see some short-term downside.
The Problem With El Salvador’s Bitcoin Law, Effective September 7
Bitcoin will become legal tender in El Salvador beginning September 7, El Salvador President Nayib Bukele announced Thursday during a national address. He added every citizen will be gifted $30 via an e-wallet, once they verify their identities. Frances Coppola, author of "The Case for People's QE," discusses the "immense risks" of El Salvador's bitcoin currency rollout. Plus, why she thinks dai (DAI) is a bigger concern than tether (USDT).
El Salvador: Watershed Moment for Crypto as Bitcoin Becomes Legal Tender This September
Bitcoin will officially become legal tender in El Salvador beginning September 7, and any citizen who signs up for the digital wallet “Chivo” will receive $30 worth of the cryptocurrency. “The Hash” hosts discuss El Salvador’s bitcoin currency rollout and why this is a watershed moment for the digital asset space.
How Is El Salvador’s Currency Law Impacting Bitcoin’s Price?
Gavin Michael, CEO of digital wallet provider Bakkt, has bitcoin price analysis and outlook, as El Salvador confirmed bitcoin will become legal tender on September 7. “Bitcoin has really proven that it’s here to say,” he said.
Why JPMorgan Analysts Are Bearish on Bitcoin
While some observers say bitcoin's price has bottomed out, analysts at JPMorgan remain bearish, identifying the impending unlocking of shares in the Grayscale Bitcoin Trust (GBTC) purchased in January as a source of downside risk to the cryptocurrency. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Scam in South Africa? Africrypt Founders and $3.6B Bitcoin Missing
The founders of South Africa-based crypto investment firm Africrypt are reportedly missing, along with 69,000 bitcoins worth approximately $3.6 billion. "The Hash" team investigates the mystery. "This could rank as one of the largest crypto cons in history," says host Naomi Brockwell.