After 18 days at the bottom of a widely used crypto market sentiment index, the market appears to be showing early signs of improving sentiment. The Crypto Fear & Greed Index, which measures overall crypto market sentiment, posted a “Fear” score of 28 on Saturday, the first time since Nov. 10 that it hasn’t posted…
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Bitcoin may have significant upside from here as its current price appears to be out of step with the forward macroeconomic outlook, according to a crypto researcher. “The last time I saw such an asymmetric risk-reward was during COVID,” Bitwise Europe head of research André Dragosch said in an X post on Friday, referring to…
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Crypto market sentiment is beginning to show signs of improvement, as Bitcoin holds above $90,000, with the attitude toward the market now stronger than it was earlier this month when Bitcoin was trading above $100,000. The Crypto Fear & Greed Index, which measures overall crypto sentiment, posted an “Extreme Fear” reading of 25 on Friday,…
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Animoca Brands founder Yat Siu aims to position his company as a vehicle for investors to gain exposure to broader crypto projects and the altcoin market, as the company plans to go public through a reverse merger next year. “We believe that altcoins, ultimately, over the largest space, are going to outperform Bitcoin as a…
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BitMine chair Tom Lee has seemingly eased off his widely promoted $250,000 year-end Bitcoin forecast, now only giving it a “maybe” that Bitcoin can reclaim its October all-time high of $125,100 before the end of the year. “I think it’s still very likely that Bitcoin is going to be above $100,000 before year-end, and maybe…
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Bitcoin is poised to buck its usual strong November performance, but Bitfinex analysts suggest demand could return very soon. November has historically been Bitcoin’s (BTC) strongest month, posting an average return of 40.82%, according to CoinGlass. However, October closed down 3.69% — despite typically delivering average gains of around 19.92% — leading some to question…
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A significant downside plunge for Bitcoin and the broader crypto market doesn’t look likely at this stage, according to macroeconomist Lyn Alden. “We haven’t hit euphoric levels in this cycle; therefore, there is less of a reason to expect a kind of major capitulation,” Alden said during a recent What Bitcoin Did podcast interview published…
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BlackRock’s head of digital assets, Robbie Mitchnick, said that most of the world’s largest asset managers’ clients aren’t considering Bitcoin’s use for daily payments when deciding whether to invest in the asset. “I think for us, and most of our clients today, they’re not really underwriting to that global payment network case,” Mitchnick said during…
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While many crypto market participants are debating what it might take to trigger a significant Bitcoin daily candle, ProCap chief investment officer Jeff Park has narrowed it down to one key catalyst. “A black swan event for Bitcoin upside would be sovereign adoption,” Park said during a podcast interview published to YouTube on Thursday. “If…
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Bitcoiners were noticeably more upbeat on social media today as the odds of a US Federal Reserve rate cut in December nearly doubled compared to just a day earlier. Some crypto market participants are speculating that this could be the catalyst Bitcoin (BTC) needs to halt the asset’s downward trend. “Let’s see if that’s enough…
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