Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. To find out more about crypto valuation metrics, […]

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Fiat-to-Crypto ‘Carry Trade’ May Tempt Traders Tired of Negative Interest Rates

With the era of negative interest rates well and truly here, return-hungry investors may increasingly borrow in low-interest fiat currencies and invest in higher-yielding cryptocurrency accounts. “The fiat-BTC carry trade is the next step in bitcoin growth,” tweeted popular bitcoin quant investor @100trillionUSD on Oct. 10. A carry trade is a strategy where a trader uses a […]

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Bitcoin Price Indicator Shows Bearish Mood Strongest Since February

View Bitcoin’s weekly Chaikin Money Flow index is reporting the strongest bearish bias since February. Other weekly chart indicators are also calling a deeper drop, possibly to levels below recent lows near $7,750. The daily chart indicators suggest the corrective bounce has ended and sellers are again gaining strength. The ongoing risk aversion in the […]

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Bitcoin Fails at Key Price Hurdle, Risks Return to $8,000

Bitcoin is facing further losses after the bulls failed to capitalize on price gains seen this week. The cryptocurrency’s quick pullback from a 2.5-week high of $8,830 to below $8,400 this morning has invalidated a bullish breakout on the 4-hour chart seen Wednesday, as seen below. 4-hour chart The failure to hold above the 200-day moving […]

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Bitcoin Price Looks North Despite SEC’s Latest ETF Rejection

View Bitcoin’s short-term bullish view remains intact. Daily chart indicators are biased bullish, while the 4-hour chart is reporting a bullish reversal pattern. So BTC could rise to $9,000 in the days ahead. The bullish case would weaken if prices drop below key support at $8,110. Bitcoin (BTC) continues to look north and may rise […]

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XRP Was Worst Performing Top-10 Crypto in H1 – But BNB Shone

The first half of 2019 brought goods times for cryptos in general, and particularly Binance coin. XRP, though, eked out relatively meager gains. The third largest cryptocurrency by market capitalization closed at $0.396411 on June 30, representing 12.45 percent gains on the 2019 opening price of $0.352512 seen on Jan. 1, according to data source […]

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Litecoin Outperforms Top-10 Cryptos Ahead of August Reward Halving

With the supply of new coins to be halved in less than five weeks, litecoin is outpacing its peers. The fourth-largest cryptocurrency by market capitalization is currently trading at $123, representing 5 percent gains on a seven-day basis, according to data source CoinMarketCap. Meanwhile, bitcoin, the top cryptocurrency by market value, is currently reporting a meager […]

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$15,000: Is There a Limit to Bitcoin’s Meteoric Rally?

Bitcoin’s stellar run continues with prices leaping one major psychological hurdle after another. At 11:00 UTC today, the world’s largest cryptocurrency by market value reached a new lifetime high of $15,058, according to CoinDesk’s Bitcoin Price Index (BPI). In the last 24 hours, bitcoin (BTC) has appreciated by more than $2,000. As per CoinMarketCap, gains […]

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