Bitcoin’s Bull Case Intensifies as Investors Bet on More Bond-Buying
Bitcoin’s long-term bullish outlook may have received further support from investors’ latest bet on the long-dated Treasury notes. The Wall Street Journal reported on Wednesday that investors believe that the Federal Reserve will start buying long-term US bonds after its next policy meeting in December. The divided outcome of the November 3 elections left investors […]
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Bitcoin experienced a sharp decline from the $106,400 level to the $91,530 mark in less than four days, shedding over 14% and triggering panic across the market. This sudden drop has left many investors uncertain about Bitcoin’s short-term direction as selling pressure intensifies. However, on-chain data suggests that while retail investors are offloading their BTC, […]
Billionaire Jeff Gundlach has shared his thoughts around bitcoin, saying that the digital asset is massively overvalued. Gundlach who is also known as the ‘Bond King’ is the founder of the investment firm, DoubleLine Capital. Bitcoin which has suffered numerous dips that have caused it to lose over 30% of its all-time high value continues to struggle, but even at these low prices, the billionaire does not believe that the cryptocurrency is actually worth its current value. Related Reading | ARK Invest CEO Cathie Wood On What Will Drive Bitcoin Correction Bitcoin Is A Spectator’s....
Traders appear disinterested in buying Bitcoin at the current levels, suggesting that further downside could be in store for BTC and altcoins. Bitcoin (BTC) plummeted to an intraday low near $42,000 today, dropping 35% from its all-time high at $64,849.27. Over the weekend the selling intensified as news that Tesla may have sold its Bitcoin holdings made waves, and even after this was proven to be untrue, Bitcoin’s market dominance had still been pulled down to a three-year low below 40%. While this decline in Bitcoin may have scared new investors, stock-to-flow creator PlanB said the....
Litecoin is in scintillating form of late, having posted a new all-time high of $410 in the early hours. After months of stuttering, LTC finally joined the likes of BTC and ETH in reaching that milestone moment during this bull run. With that, the bull case is building. Some suggest this is just the beginning, […]
Institutional investors led by Metaplanet and Cardone Capital went on a buying spree over the weekend as Bitcoin’s ($BTC) value fell below $100K due to geopolitical tensions in the Middle East. If you’re looking for a similar investment, the best altcoins also offer great buying opportunities during these uncertain times. Crypto presales, in particular, offer […]