Over the past few months, the price of Bitcoin (BTC) and other cryptocurrencies have been heavily languishing. Since the $14,000 peak established in June, BTC has collapsed by nearly 50%, falling all the way to $7,700 at the multi-month low. Related Reading: Analyst Eyes 10%
There is a bearish signal that many chartists call the “death cross” signal – this is when the 50 SMA moves below the 200 SMA. But how useful is this bearish …
Bitcoin critic Nouriel Roubini, aka Dr. Doom, hasn’t changed his mind on the utility and intrinsic value of cryptocurrencies. Speaking today at the blockchain and AI-oriented CC Forum in London, he said that most of the cryptocurrencies are volatile and cannot store value. Roubini Vs.
The pressure appears to be mounting again for Bitcoin. A couple of months ago they were saying ‘you’ll never get another opportunity to buy four figure BTC’, and today it is looking like dumping back to $6,000. All hopes are now pinned on the halving
Analysts at RBC Capital Markets have suggested that stifling Facebook’s Libra may leave the field open to China’s central bank digital currency (CBDC) to dominate in emerging economies. China shifts development of digital currency in extra gear On Oct. 15, financial news outlet Markets Insider