Category Archives: Bitcoin

In Huge TroubleLeak Reveals $10 Billion Earthquake Could Be About To Cause Bitcoin And Ethereum Price Chaos  Forbes

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In Huge TroubleLeak Reveals $10 Billion Earthquake Could Be About To Cause Bitcoin And Ethereum Price Chaos - Forbes

1. Ethereum Founder Issues Controversial Bitcoin And Crypto Warning Amid Wild Price Swings  Forbes
2. Bitcoin Price and Ethereum Prediction BTC Braces for 10% Pump to $23,000  Cryptonews
3. Bitcoin, Ether Press Higher as Momentum Increases  CoinDesk
4. Why is Bitcoin price up today?  Cointelegraph
5. This Week in Coins: Bitcoin and Ethereum See Green Shoots, Dogecoin Gets Musk Twitter Bump  Decrypt
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Ethereum Founder Issues Controversial Bitcoin And Crypto Warning Amid Wild Price Swings - Forbes

1. As Bitcoin Teases 100-Day Average, Prominent Traders Say Latest Crypto Bounce Looks More Constructive Than August  CoinDesk
2. Bitcoin is cooling its rally Here are the BTC price levels to watch next  Cointelegraph
3. Bitcoin Is Acting Like Gold. What It Means and Why Crypto Prices Are Steadying.  Barron's
4. Bitcoin Price Prediction as BTC Pumps Past $20,500 Where is it Going Next?  Cryptonews
5. On-Chain Signal Suggests Bitcoin Selling Is Over, BTC To Head Upwards Against Weakening Dollar: InvestAnswers  The Daily Hodl
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As Bitcoin Teases 100-Day Average, Prominent Traders Say Latest Crypto Bounce Looks More Constructive Than August - CoinDesk

This Could Be MassiveElon Musk Sparks Sudden $1 Trillion Bitcoin And Crypto Price Surge As Ethereum And Dogecoin Rocket  Forbes

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This Could Be MassiveElon Musk Sparks Sudden $1 Trillion Bitcoin And Crypto Price Surge As Ethereum And Dogecoin Rocket - Forbes

1. Bitcoin Is Under Pressure at $19,000. There Is Reason to Trust in a Bounce Back.  Barron's
2. Bitcoin's volatility falls below Nasdaq and S&P 500's for first time since 2020  CNBC
3. Bitcoin price hits 1-week lows as Fed rate hike rumors unsettle market  Cointelegraph
4. Bitcoin Flat as Volatility Hits 2-Year Low and Stocks Rise  CoinDesk
5. Bitcoin Price Still Consolidates, What Could Trigger A Nasty Drop  NewsBTC
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Bitcoin Is Under Pressure at $19,000. There Is Reason to Trust in a Bounce Back. - Barron's

From Bitcoin to Cardano & Big Eyes- Evolution of Crypto & what lies ahead | Mint  Mint

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From Bitcoin to Cardano & Big Eyes- Evolution of Crypto & what lies ahead | Mint - Mint

This week, Bitcoins (BTC) price took a tumble as a hotter-than-expected consumer price index (CPI) report showed high inflation remains a persistent challenge despite a wave of interest rate hikes from the United States Federal Reserve. Interestingly, the markets negative reaction to a high CPI print seemed priced in by investors, and BTCs and Ethers (ETH) prices reclaimed all of their intraday losses to close the day in the black.

A quick look at Bitcoins market structure shows that even with the post-CPI print drop, the price continues to trade in the same price range it has been in for the past 122 days. Adding to this dynamic, Cointelegraph market analyst Ray Salmond reported on a unique situation where Bitcoins futures open interest is at a record high, while its volatility is also near record lows.

These factors, along with other indicators, have historically preceded explosive price movements, but history will also show that predicting the direction of these moves is nearly impossible.

So, aside from multiple metrics hinting that a decisive price move is brewing, Bitcoin is still doing more of the same thing its done for the past 4.5 months. With that being the case, it is perhaps time to start looking elsewhere for emerging trends and possible opportunities.

Here are a few data points that Ive continued to be intrigued by.

ETHs price has lost its luster in the now post-Merge era, and the asset now reflects the bearish trend that dominates the rest of the market. Since the Merge, ETHs price is down 30% from its $2,000 high, and its likely that a good deal of the speculative capital that backed the bullish Merge narrative is now in stablecoins looking for the next investment opportunity.

Aside from ETH being an asymmetrical performer in the last four months, Cosmos (ATOM) also defied the market downtrend by posting a monster rally from $5.40 to $16.85. As covered thoroughly by Cointelegraph, oversold conditions, along with the hype of Cosmos 2.0, backed the bullish price action seen in the altcoin, but this chart continues to capture my imagination.

According to the revised Cosmos white paper, the current supply of ATOM will dynamically adjust based on the supply and demand of its staking. As shown in the chart above, when Cosmos 2.0 kicks in for the first 10 months, issuance of new ATOM tokens is high, but after the 36th month, the asset becomes deflationary.

From the vantage point of technical analysis, ATOMs price appears to have hit a local top as the months leading up to Cosmos 2.0 were a buy the rumor, sell the news type of event, but it will be interesting to see what transpires with ATOMs price as the market approaches month 20 in the diagram above.

Related: Price analysis 10/14: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC

Since the Ethereum Merge, Ether emissions have dropped by 97%, and while the price has pulled back significantly, over the coming months, investors might keep an eye on Ethereum network activity, developments with ETH staking across decentralized finance (DeFi) and institutional products, along with any spikes in gas (connected to network activity).

While the price could succumb to bearish pressure in the short term, if the market begins to turn around if new trends trigger increased use of DeFi products, its possible that ETHs price could react positively to those developments.

While new trends across various altcoins may emerge, its important to remember the wider context in which crypto assets exist. Global economies are on the rocks, and persistently high inflation remains an issue in the United States and many other countries. Bond prices are whipsawing, and a looming debt crisis makes its presence known on a daily basis. Risk-on assets like cryptocurrencies are incredibly volatile, and even the strongest price trends in crypto (whether backed by fundamentals or not) are subject to the whimsy of macro factors such as equities markets, geopolitics and other market events that impact investors sentiment.

Keeping this in mind, Bitcoin remains the largest asset by market capitalization within the crypto sector, and any sharp moves from BTCs price are bound to support or suppress the micro trends that might be gaining traction in the market. There is still the possibility of a sharp downside in Bitcoins price, so traders are encouraged to calculate investment size according to their own appetite for risk, and while multiple metrics might support opening long positions in various crypto assets, it still seems too early to fully ape in.

This newsletter was written by Big Smokey, the author of The Humble Pontificator Substack and resident newsletter author at Cointelegraph. Each Friday, Big Smokey will write market insights, trending how-tos, analyses and early-bird research on potential emerging trends within the crypto market.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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3 emerging crypto trends to keep an eye on while Bitcoin price consolidates - Cointelegraph

Photo illustration of Bitfinex cryptocurrency exchange website.

Dado Ruvic | Illustration | Reuters

Cryptocurrencies were little changed on Friday as investors sought to extend the previous day's rally.

Bitcoin was lower by 1% at $19,175.00, and ether gained 1% to trade at $1,299.66. Both assets ended their fourth down weeks in the last five.

Crypto jumped Thursday, following the movement of stocks after the consumer price index came out showing higher-than-expected inflation. That reading initially sent risk assets down sharply before they reversed and soared, with the Dow Jones Industrial Average staging a historic 1,500-point rally.

"Yesterday we saw a knee jerk reaction lower in all markets which was algo-driven, then short-covering and real buying stepped in, which was the right response to the CPI data," said Jeff Dorman, chief investment officer at Arca. "Markets aren't concerned with inflation, they are concerned with the Fed's expected response to inflation, and nothing changed yesterday: 75 basis points was baked in, it was confirmed further by the CPI data."

October tends to be an up month for bitcoin, according to Bespoke Investment Group. Bitcoin's never been in a bear market like this one, however, and some remain cautious.

The cryptocurrency's third-quarter return of 6% and ether's 25% return outperformed other asset classes, and both have held up fairly well, trading within the $19,000 level for much of the past month, due to the uncertain macro environment. However, "the subdued volatility relative to other assets on continued declining volumes has the potential to lead to downside," Compass analyst Chase White said in a note Friday.

It had been a tough week for markets before the CPI data was released. YuyaHasegawa, crypto market analyst at Japanese crypto exchange Bitbank, said the rebound could trigger an unwinding of recent risk-off sentiment in stocks.

That "could have a positive effect on the price of bitcoin," he said. "If the price recovers the $20,000 psychological level with substantial trading volume in the next few days, bitcoin could test $23,000 next week."

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Bitcoin reverses lower after Thursday's big rally but remains in the $19,000 level - CNBC

Bearish sentiment returned to cryptocurrency markets on Saturday, as bitcoin was once again in the red. The worlds largest token moved lower to start the weekend, following yesterdays surge towards $20,000. Ethereum was also down today, falling below $1,300 in the process.

Bitcoin (BTC) was in the red to start the weekend, as bearish sentiment returned to cryptocurrency markets.

BTC was higher on Friday, as market uncertainty eased, following the latest U.S. inflation report, however it seems as though this turbulence has returned this weekend.

As a result, BTC/USD fell to an intraday low of $19,076.63 earlier in the day, less than a 24 hours after hitting a peak of $19,821.40.

Looking at the chart, the drop in price has pushed the 10-day (red) moving average (MA) close to an imminent downward crossover with its 25-day (blue) counterpart.

In addition to this, the 14-day relative strength index (RSI) is now back below the 50.00 mark, after failing to move past its ceiling of 55.00.

Should this momentum continue to decline, we could see prices heading towards a floor of $18,600.

Like bitcoin, ethereum (ETH) was also trading lower to start the weekend, with prices of the token falling below $1,300.

Following a move above its $1,330 ceiling on Friday, ETH/USD moved to a low of $1,280.18 earlier in todays session.

The drop sees the worlds second largest cryptocurrency hovering slightly above its floor of $1,275, which was last broken on Thursday.

On that day, the token dropped to a bottom of $1,190, however following the release of the U.S. inflation report, prices somewhat rebounded.

However, this rebound has been short lived, with the RSI also falling back towards a floor of 38.00.

Should price strength decline beyond this point, we could potentially see ethereum once again fall below $1,200.

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What do you believe has led to bears reentering the market this weekend? Leave your thoughts in the comments below.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower on Saturday, as Bears Reenter the Market Market Updates Bitcoin News - Bitcoin News

Miller will retire at the end of 2022.

Legendary value investor Bill Miller sees fresh opportunities in the stock market amid the brutal selloff this year, urging investors to take advantage of shares that are trading at discounted prices while also remaining bullish about Bitcoin BTC , calling cryptocurrencies misunderstood.

Speaking at the Forbes/SHOOK Top Advisor Summit at the Encore At Wynn hotel in Las Vegas on Thursday, the former Legg Mason LM chairman and chief investment officer talked up his signature bets on Bitcoin and Amazon AMZN , while also identifying several companies that he thinks will benefit from an eventual market rebound.

While at the Baltimore investing giant, Miller gained prominence by outperforming the S&P 500 annually from 1991 to 2005. He eventually went out on his own, serving as chairman and chief investment officer of Miller Value Partners, which had $1.9 billion in assets under management at the end of August 2022. In January, Miller announced that he would retire at the end of the year, outlining succession plans for his two main funds, transferring management to his son, Bill Miller IV, and longtime protg Samantha McLemore.

Speaking with Morgan Stanley Private Wealth Management managing director Marvin McIntyre at the Forbes/SHOOK Top Advisor Summit, the 72-year-old Miller reflected on the stock market, cryptocurrencies and the Federal Reserve.

Stocks that worked in the last bull market for the last ten years or so through last November are now getting crushed, he explained, adding, Rising rates have caused growth compression. His advice to investors? Buy shares of companies trading at cheap, discounted prices.

Miller famously bought Amazon, his favorite stock, at the companys IPO in 1997. Hes been a longtime believer in the companys booming e-commerce business and steadily ramped up his holdings over the past couple of decades.

The famed value investor remains undeterred by the recent stock selloff for that reason: If your time horizon is longer than one year, you should do very well in the market, Miller said, pointing out that prices have now come down significantly.

In terms of stock picks, he identifies companies that have strong, free cash-flow trends but are trading at discounted share values. Those include some of this years worst performers: Norwegian Cruise Line Holdings NCLH (down 41% this year), ride-sharing service Uber UBER (down 43%) and luxury fashion e-commerce platform Farfetch FTCH (down 76%).

The famed value investor thinks stocks have come down to attractive valuations after a selloff so far this year.

Miller also likes Delta Air Lines, pointing out that the company stood out amongst airlines because it didnt dilute shares with new equity during the pandemic, which has paid off with improving free cash-flow trends, he said. One of his more under-the-radar picks is Clear Secure, a profitable tech company with a subscription-based business that specializes in document verification in U.S. airports. Miller predicted the market capitalization could balloon from over $3 billion to $30 billion in ten years as the company signs more big deals with major stadiums.

Other notable picks from the famed investor included Silvergate Capital, a Fed-regulated bank with a crypto exchange, and Chesapeake Energy CHK , based on Millers view that shares of oil companies are still mispriced and going through a long reset period.

He also chided the Federal Reserve for talking a tough game [on inflation] but being psychologically behind the curve. The central bank is reacting to [economic] data too much rather than focusing more on real-time or forward-looking indicators, Miller said, adding that these signs suggest they might go too far with raising interest rates.

An early advocate and buyer of Bitcoin, Miller also reiterated his bullish outlook on the cryptocurrency, calling it misunderstood. Though prices can be volatile, Bitcoin can provide investors with an insurance policy against financial disaster, he argued. If the Federal Reserve tightens monetary policy too far, Bitcoin prices will probably fare better than most of the market, Miller predicted. Whats more, because it is not connected to the rest of the financial system, there is limited fallout during tumultuous market periods.

Though many investors can fret over the current uncertainty in markets, Miller quoted the advice of Warren Buffett, John Templeton and Leo Tolstoy for guidance, respectively. Be greedy when others are fearful; The time of maximum pessimism is the best time to buy; and The two most powerful warriors are patience and time.

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Legendary Value Investor Bill Miller Says Buy Bitcoin And Eight Other Stock Bargains - Forbes