Curbing the inflationary growth can indirectly ease off the pressure on the stock market, which is bound to translate to Bitcoin and the hoard of tradable altcoins.
As the US Fed steps in to control inflation, the Bitcoin market is likely to stay volatile. This could also be the beginning of Bitcoin’s long-term consolidation.
Timmer revealed how technically oversold Bitcoin is, stating that Glassnode’s dormancy flow indicator is now at levels not seen since 2011.
As the Bitcoin price crashes to $20,000, El Salvador’s total Bitcoin investment is down more than 50% under $50 million with the average BTC purchase price at $45,171.
Binance co-founder Yi He also confidently spoke on the company’s ongoing hiring spree. He noted that the company has over 2,000 open positions for engineers, product managers, and business developers.
It certainly appears that the crypto market is going as far down as possible, therefore it might be safe to say that the so-called “crypto winter” is upon us.
Binance announced that it has resumed withdrawals after finding a fix for several on-chain transactions stuck on the Bitcoin blockchain as the BTC price collapsed.
The price of Bitcoin briefly hit $21K in the Asian trading session as the global market plunge continues without any signs of easing.
Despite the bearish market, Mike Novogratz believes the prices will not fall much further.
Business intelligence company MicroStrategy saw its stock price drop 23% after its Bitcoin holdings took a hit from the general crypto slump.
The Tron DAO Reserve will work towards offering strong support to USDD.
The current market situation is believed to be a repeat of the post-2016 halving event that saw Bitcoin hitting an all-time high of nearly $19,000 in December 2017, then falling from that height to $3000 within a space of two years.
Jackson Palmer recently revealed in an interview that although widespread crypto operations might lead to scams, the tokens themselves are not scams.
The program will run for 12 weeks, from June 22 to September 7. It will consist of a series of online and in-person classes, with a focus on Bitcoin (BTC).
Cramer is also one of the analysts that put his money where his mouth is and holds a significant amount of Bitcoin and Ethereum.