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Bitcoin Drops Below $50,000 Level as Investors Turn Cautious

(Bloomberg) -- Bitcoin’s appeal as a hedge against inflation is being put to the test, with the largest cryptocurrency slumping along with other risk assets after Jerome Powell failed to ease investor concern about rising price pressures. The digital token fell as much as 6.7% and traded at about $47,900 as of 2:38 p.m. in New York, after the Federal Reserve chairman said he is monitoring financial conditions and would be “concerned” by...
Hong Kong Christopher Giancarlo Jeffrey Halley John Wu Oanda Asia Pacific Pte Bloomberg Bitcoin
Source: msn.com

After the rout: Bitcoin rallies back above $50,000

Bitcoin rallied back above $50,000, surpassing the key psychological level as bullish momentum returned after last week’s selloff. The digital token climbed as much as 11% before paring some gains to trade around $50,900 as of 9:51 a.m. in New York, reaching the highest level in two weeks, according to data compiled by Bloomberg. The cryptocurrency has been volatile with prices plunging 21% last week before recovering with the earlier broad bounce back in global equities. On a technical basis...
New York United States City Of United Kingdom Christopher Giancarlo Marc Lasry

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Is Bitcoin "The Mother-Of-All-Bubbles"? What Investors Say

Is Bitcoin "The Mother-Of-All-Bubbles"? What Investors Say Last week, for example, Bitcoin managed to trade 179 per cent above its average price over the past 200 days, three times as high as the Nasdaq 100 ever got during the heyday of the dot-com bubble. Updated: January 12, 2021 11:32 am IST Bitcoin fell as much as 20 per cent Monday, and was down 16 per cent to $33,440 as of 4 p.m. in New York. While little exists intrinsically to judge the fair value of a digitized currency, comparing ...
New York United States Chris Zaccarelli Scott Minerd Bryce Doty Michael Hartnett
Source: ndtv.com

Bitcoin really is an asset like no other, on technical charts

Bitcoin really is an asset like no other, on technical charts Premium Up 38% this year through Friday, Bitcoin had its best start to a year since 2012, when it surged almost 60% over the first eight days (REUTERS) . Updated: 12 Jan 2021, 09:24 AM IST Bloomberg Bitcoin’s feverish run-up has called into question whether it’s gone too far, too fast Share Via Read Full Story Everyone has watched in awe as Bitcoin notched new highs almost daily. Now that its rally has abruptly ended, investor...
New York United States Chris Zaccarelli Scott Minerd Bryce Doty Michael Hartnett

Bitcoin's Slide Dents Price Momentum That Dwarfed Everything

Bitcoin’s Slide Dents Price Momentum That Dwarfed Everything Bloomberg 1/11/2021 Vildana Hajric and Lu Wang (Bloomberg) -- While little exists intrinsically to judge the fair value of a digitized currency, comparing Bitcoin to other high-momentum assets of the past shows how heated its rally has become -- and why it’s vulnerable to swoons like Monday’s. Last week, for example, Bitcoin managed to trade 179% above its average price over the past 200 days, three times as hi...
New York United States Bloomberg Bitcoin Chris Zaccarelli Scott Minerd Bryce Doty
Source: msn.com

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