Bitcoin reverses ‘bear market’ at $53.5K as Pfizer gains on fresh panic over ...
Bitcoin price action steadies after losing almost $6,000 on Nov. 26 as winners and losers from the coronavirus-‘Nu’-variant scare emerge. Bitcoin (BTC) stemmed some of its losses as Wall Street opened on Nov. 26 after concern over a new COVID-19 variant spark a global market sell-off.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPfizer gains as coronavirus panic sets inData from Cointelegraph Markets Pro and TradingView showed BTC/USD ending its downturn at just above $53,500 on Bitstamp.The pair then added almost $1,500 as some sense of equilibrium returned to crypto markets,....
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Bitcoin inched back into positive territory on Wednesday just as Pfizer and BioNTech's coronavirus vaccine won UK authorization.
After the cascade to $42,000, it's likely that bears will show themselves to be "stoneless," says popular analyst Light. Bitcoin (BTC) bears will probably be too "stoneless" to keep prices down much longer, fresh BTC price analysis argues.In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoin's recent 39% correction.Sheep in bear's clothingA combination of macro factors and smart action from big players left retail investors holding the bags in both Bitcoin and altcoins, Light explained.This was apparent before the comedown from $69,000....
New research from the multinational investment bank confirms what many of us knew all along: Investors should never try to time the market. When it comes to investing in the financial markets, panic selling often leads to missed opportunities – and waiting for the dip could rob you of the most lucrative days to hold a particular asset. Those are the general takeaways of a comprehensive study of the S&P 500 Index conducted by Bank of America. Using data going back to 1930, Bank of America strategists found that a basic hold strategy would have yielded total returns of 17,715%. If, on the....
Bear markets represent the most dreaded period in any investment cycle, but there are a few ways to stay ahead and weather the storm. Usually, bear markets bring about a feeling of uncertainty in any investor. Even more so for a newcomer, for whom it can feel like the end of the world. It may even be common knowledge that during bull cycles, investors are sure of making gains. Whereas in bear markets such as this, an unimaginable amount of pessimism sets in.The co-founder and strategic lead at the Kylin Network, Dylan Dewdney, told Cointelegraph that the two major mistakes that investors....
The recent announcement by Pfizer of a potential Covid-19 vaccine sparked an immediate rally of global stocks worst hit by the pandemic response. The rally helped major indices including the New York Stock Exchange (NYSE) Composite Index and Europe’s Stoxx to go up by approximately 4%. Bitcoin’s Decoupling On the other hand, stocks that benefited from lockdown restrictions went down as the vaccine raises hopes for a return to normal life. Still, it appears the same vaccine hopes did not dampen interest in bitcoin, another major beneficiary of lockdown restrictions. In a....