Bitcoin Returns Above $58K as Momentum Improves
Bitcoin recovered some of its losses from the “Black Friday” shopping day when it declined by more than 8%, following news of a novel COVID-19 strain called Omicron. 3iQ Digital Assets President Chris Matta discusses the potential drivers moving prices higher as the cryptocurrency is trading over $58,000, up nearly 6% on the day.
Expanding the Use Cases of NFTs, Bitcoin’s Blockchain
Hundreds of developers from around the world are building on Stacks, a network of decentralized apps (dapps) and smart contracts atop Bitcoin. But is it a good idea to expand the use of the Bitcoin network, such as minting NFTs?
Buying the Dip? Microstrategy, El Salvador Acquire More Bitcoin
While bitcoin’s price fell about 8% Friday around $54,237, MicroStrategy said it bought 7,002 bitcoins for about $414 million in cash during its fiscal fourth quarter. Similarly, El Salvador’s President Nayib Bukele said he bought 100 more bitcoins at “a discount” as broader markets tumbled on new COVID-19 variant fear.
Bitcoin and Prison Reform
BitcoinVegan CEO and "From Bars to Bitcoin" author Justin Rhedrick discusses how he personally overcame the economic setbacks of incarceration by discovering bitcoin as an opportunity for financial freedom and generational wealth. Galaxy Digital CEO and The Bail Project Board Chair Mike Novogratz also shares insights into the role of bitcoin in the U.S. criminal justice system.
Bitcoin's Price Trajectory Ahead of Thanksgiving Weekend
CoinDesk's Galen Moore discusses what to make of bitcoin's price trajectory as the cryptocurrency is holding support above its 100-day moving average of $53,700. Plus, potential headwinds out of India amid talks of a bill banning cryptocurrencies in the country, and reactions to Salvadoran Ambassador to U.S. saying bitcoin challenges the U.S.' monetary authority.
Bitcoin Tops $58K With Focus on Omicron and Fed’s Powell Speech
Are bitcoin’s immediate prospects tied to the Omicron variant’s potential impact on the Fed’s monetary policy? GlobalBlock CEO Rufus Round discusses what to make of bitcoin’s recent price swings. The cryptocurrency is trading near $57,300 at press time, representing a 7.3% gain compared to the low of $53,359 late Sunday.
Bitcoin Faces Resistance Around $57K, Altcoins Recover From 7-Day Lows
Bitcoin is meeting the $57,000 resistance level during U.S. trading hours Wednesday as altcoins and other layer 1 tokens recovered from seven-day lows. New data on bitcoin dominance continued to signal a bias toward altcoin exposure. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.