Inflation, not ETFs, drove Bitcoin to $67,000 says JPMorgan
JPMorgan thinks the ProShares Bitcoin futures ETF launch is unlikely to boost BTC prices. Bitcoin prices are unlikely to climb as a result of the debut of the ProShares Bitcoin futures exchange-traded fund (ETF) , according to US bank JPMorgan. As an alternative, they cited inflation as a significant factor that may have had a […]
Bitcoin makes a new all-time high (ATH) to keep investors hope alive
Bitcoin has surpassed its previous all-time high of $64,888, reaching $66,283 for crypto investors, it’s just more volatility to tune out and also hope for better days ahead. This current spike coincides with the debut this week on the New York Stock Exchange of the much-anticipated first Bitcoin ETF. The achievement is remarkable given that […]
BTC price increases by 50% since China ‘selflessly’ banned Bitcoin mining
There is no amount of FUD that can keep Btc from rising, and China’s ban on cryptocurrency has once again boosted bulls. After 150 days, China has stopped Bitcoin mining, and the price of Bitcoin has only risen as a result of this decision. Chinese authorities created quite a stir five months ago when they announced […]
Bitcoin, Ethereum, and XRP Price analysis for the 15th of October
Bitcoin continues to exert influence over the market; nevertheless, certain currencies have returned to the red zone of the trading range. BTC/USD Buyers were continuously trying to break through the major barrier of $58,000 yesterday, but they were unable to do so by evening and fail to reach the zone of the previously-predicted October high […]
Reports from Fear &Greed crypto Index suggests Bitcoin’s price is undervalued
According to the Crypto Fear & Greed Index, the cryptocurrency market is currently suffering investor fear, with a three-month low score of 27 out of 100. The seasoned technical analysis tool informs cryptocurrency traders globally on the current emotional feeling and bias of the market by using the major cryptocurrency asset Bitcoin (BTC) as the […]