The US government is unlikely to start accumulating Bitcoin for its strategic reserve until other nations make the first move, says crypto entrepreneur Mike Alfred. Alfred said in a podcast published on Tuesday that the US government will start putting Bitcoin (BTC) into its reserve created earlier this year “when there is enough pressure externally.” …
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Analysts have questioned whether November deserves its reputation as Bitcoin’s historically “strongest month” after the cryptocurrency dropped 10% over the past seven days and briefly sank below $90,000. “Historical averages suggest strength, but those numbers are skewed and the current backdrop is anything but normal,” James Harris, the CEO of crypto yield provider Tesseract, told…
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The average investor still hasn’t reached a clear consensus on which crypto assets beyond the top two warrant serious attention, according to Anthony Bassili, president of Coinbase Asset Management. “There’s a very, very clear view in the investor community in terms of the right first portfolio is Bitcoin. The next is Bitcoin, Ethereum,” Bassili said…
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WisdomTree’s head of digital assets, Will Peck, anticipates that exchange-traded funds (ETF) that hold diversified baskets of cryptocurrencies will fill a significant gap in the market in the coming years. “It does seem like that’s going to be one of the next waves of adoption,” Peck told Cointelegraph at The Bridge conference in New York…
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Crypto sentiment has dropped to its most fearful level in over eight months, as ongoing macroeconomic uncertainty continues to rattle market participants. However, crypto analysts are anticipating the bearish mood to be short-lived. The Crypto Fear & Greed Index, which measures overall market sentiment, posted an “Extreme Fear” score of 10 in its Saturday update,…
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Crypto market lows are unlikely to form at moments when many analysts and traders are calling for one, according to crypto sentiment platform Santiment. “Be cautious when you see a widespread consensus forming about a specific price bottom,” Santiment said in a report on Saturday, adding that “true bottoms often form when the majority expects…
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November might not turn out to be Bitcoin’s saving grace after all, as crypto analysts signal the cryptocurrency could break from its historically strong price gains in November and instead trade sideways. “The current macro backdrop easing policy, but mixed communication from the Fed, supports consolidation as a necessary stabilising phase before volatility can expand…
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Optimism around Bitcoin was far stronger at the start of the year, but it may not be long before the cryptocurrency regains that same level of hype, according to Galaxy Digital’s head of research, Alex Thorn. “Attention will come back to Bitcoin, it always does,” Thorn said during an interview with CNBC on Friday, emphasizing…
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The recent volatility in Bitcoin’s dominance could be a signal that altcoin season is approaching sooner than many traders expect, according to a crypto analyst. “The reason why you should have confidence in the altcoin price action is because the BTC Dominance chart looks bearish and has looked bearish for many weeks,” crypto analyst Matthew…
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Bitcoin reaching a quarter of a million dollars this year may be more trouble than its worth, according to a macro analyst. “One of the worst things that could happen is Bitcoin shoots up to $250,000, and the S&P to 8,000 in like a 3-month period,” macro analyst and investor Mel Mattison told crypto entrepreneur…
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