Bitcoin

Bitcoin’s Sharpe ratio has dropped below zero, a rare signal that historically preceded market recoveries in 2019, 2020, and 2022.

New market data reveals that hedge funds have taken massive short positions against the U.S. dollar, a historically crowded trade that often precedes a sharp reversal. This article explores the potential consequences of a dollar short squeeze for the Bitcoin price, analyzing both short-term risks and long-term opportunities.

Jan van Eck, CEO of asset manager VanEck, stated in a CNBC interview that his firm would exit Bitcoin if quantum computers compromise its cryptographic security. He also shared his views on market cycles, dollar-cost averaging, and the growing interest in privacy coins like Zcash.

Bitcoin gains for a second day, breaking an inverse parabola, while XRP surges 8% on new ETFs. Market eyes upcoming PPI data.

Bitcoin is attempting a recovery towards the $90,000 mark after recent heavy losses, but while selling pressure eases, derivatives traders are largely betting on further declines.

Analyst Kaleo suggests the market is bottoming out, drawing parallels to the 2020 Covid-era crash. He anticipates a potential ‘Santa Rally’ for Bitcoin and stocks if the pattern repeats.

A JPMorgan note suggesting MSCI may exclude companies with large crypto holdings from its indexes has sparked outrage in the Bitcoin community, leading to widespread calls for a boycott. The situation escalated after Strike CEO Jack Mallers revealed his accounts with JPMorgan Chase were abruptly closed.

The falling U.S. 10-year Treasury yield signals a delayed realization of economic weakness, not just Federal Reserve policy. This has significant implications for Bitcoin, suggesting short-term price pressure but long-term support due to a more favorable monetary environment.

Macro economist Lyn Alden believes a major Bitcoin crash is unlikely in the short term due to a lack of market euphoria. While some predict a significant downturn, Alden remains optimistic for the medium term, forecasting a return to $100,000 levels by 2026 or 2027.

Recent large Bitcoin transfers from the defunct Mt. Gox exchange have reignited fears of a market sell-off. We explore the history of the exchange’s collapse and why its remaining multi-billion dollar Bitcoin holdings still spook investors today.