Bitcoin Clings to $20K as Fed's Preferred Inflation Gauge Rises Less Than Expected
"Most of the coins are in the hands of people who are more committed to bitcoin," says Glen Goodman, crypto consultant at eToro. He cites on-chain data showing addresses holding BTC for three months or less have dropped to an all time low. Could this signal a market bottom?
Bitcoin Above $20K as GDP Increased at 2.6% Annual Rate in Q3
Bitcoin (BTC) is holding its ground above $20,000 as U.S. GDP accelerated at an annual rate of 2.6% in the third quarter. Eaglebrook Advisors Vice President of Research Joe Orsini joins “First Mover” to discuss his crypto outlook as the economy sees positive growth. Plus, insights on Meta's loss in revenue.
What's Driving Bitcoin's Bounce Near $21K?
Bitcoin (BTC) continues to trend higher Wednesday near $21,000, but what's behind this upward momentum? Paxos Head of Strategy Walter Hessert discusses his bitcoin analysis and outlook. Plus, insights into partnering with Mastercard to help banks offer crypto trading and the potential outcomes from the upcoming Q3 GDP data.
Crypto Markets Post Largest Short Liquidations Since July 2021
Crypto markets had over $700 million in liquidations on short trades, or bets against price rises, reaching levels not seen since July 2021. This comes as ether (ETH) leads token surge, up more than 10% in the past 24 hours. "The Hash" panel discusses the latest movements in crypto and what it suggests about the crypto markets.
Bitcoin Up 5% Over 24 Hours, Surging Past $20K
Bitcoin (BTC) is up 5% in the past 24 hours, trading at $20,500 with ether (ETH) surpassing $1,500 in the meantime. IG North America CEO JJ Kinahan joins “First Mover” to discuss the tokens’ recent rally and whether volatility has returned to the crypto markets. Plus, insights on how the Fed's upcoming decisions will impact the broader market.
Bitcoin Returns Above $20K
Gerber Kawasaki's Director of Get Invested Brett Sifling discusses his analysis and outlook for bitcoin (BTC) as the cryptocurrency surges past the psychologically important $20,000 threshold for the first time in 18 days.