A classic Bitcoin volatility indicator hits a historic low, echoing a late 2023 signal that preceded a 40% price surge. Analysts debate whether history will repeat.
The crypto market is in full rally mode, with Bitcoin climbing 8% and numerous altcoins posting even larger gains, some exceeding 30%. The surge marks a strong reversal from recent sharp price declines.
Strategy, formerly MicroStrategy, is in talks with MSCI about a potential removal from its indices due to a new policy limiting crypto exposure. The move could trigger billions in outflows and impact the broader crypto market.
Bitcoin’s price fell below €80,000 following news that Microsoft had lowered its sales targets for AI software. The development sparked concerns about the growth of the AI sector, leading to a sell-off in tech stocks that also impacted the cryptocurrency market.
Bank of America will allow advisors to recommend clients invest up to 4% of their portfolio in Bitcoin ETFs starting January, joining other major US banks in embracing crypto investments.
Despite a 25% year-to-date decline and a 44% drop from its July peak, technical analysts are spotting bullish signals for XRP, including a bullish divergence on the RSI and a hold above key historical levels.
This article explores the debate over Bitcoin’s scarcity. While the 21 million coin cap is a core tenet of its value, critics argue that its divisibility into satoshis makes this scarcity an illusion. Proponents, however, counter that demand outstrips supply, making it a genuinely scarce asset.
As the broader cryptocurrency market experiences sharp declines, large investors are aggressively buying unexpected tokens like Pippin and Fartcoin, while accumulating Uniswap despite its price drop.
Fed Vice Chair Michelle Bowman’s recent remarks signal a potential shift towards deregulation to boost credit flow. Analysts believe this preparation for a softer economy could increase liquidity, benefiting Bitcoin in the medium term, though short-term volatility is likely.
This year’s anticipated Santa Rally is absent as XRP and Bitcoin test critical support levels, and the Nasdaq shows potential bearish reversal patterns, casting a nervous shadow over December markets.