Author: finance
Bitcoin is currently experiencing a tumultuous trading phase, with its price failing to cross the $90,000 mark. This has led to a prevailing bearish trend in the market with a substantial number of investors speculating that Bitcoin might have topped its cycle. The prevailing fear and uncertainty have swiftly accentuated due to the recent correction phase, making market participants anxious about a potential bear market. However, on-chain data shows some optimism as it indicates the likelihood of a Bitcoin rebound in the near future. Is a Bitcoin Recovery Imminent? Notwithstanding the downward trend and the prevalent pessimism, the on-chain data…
The governing board of the Swiss National Bank (SNB) has declared it will not add Bitcoin to its reserves. According to the bank’s president, Martin Schlegel, the cryptocurrency’s excessive volatility and associated risks prevent it from being a viable choice. The Unpredictability of Bitcoin Price The primary reason for the bank’s rejection of Bitcoin as a reserve currency is its wild price fluctuations. Schlegel argued that the cryptocurrency does not meet the central bank’s criteria for assets that are stable and liquid enough to support monetary policy. Cryptocurrencies are known for their sudden and dramatic price changes, which, according to…
Introducing a more in-depth look into the recent happenings within the cryptocurrency market, this piece shines light on the intriguing trends revolving around Bitcoin (BTC) and its associated Exchange-Traded Funds (ETFs). A noticeable bearish trend has been witnessed in the recent days, particularly with the leading cryptocurrency. Within the last week, Bitcoin experienced a significant drop by more than 10%, raising eyebrows around its connection with the key trends in Bitcoin ETFs. By providing an exhaustive examination of these happenings, this discourse seeks to engage, inform, and enlighten the reader on the ever-dynamic cryptocurrency market. Spot Bitcoin ETFs Witnessing Substantial…
In the midst of a bearish market phase, Bitcoin (BTC) is currently facing a continual downtrend, with its price hovering below $90,000. Many investors are keenly observing the market trends to predict the potential bottom before any significant rebound. The current condition could change at the $80,000 support level, which, if maintained, could possibly deter further losses. This period of market volatility is underscored by a significant capital outflow, making it a critical point for the cryptocurrency. Artificial Intelligence Predictions Finbold consulted the latest artificial intelligence (AI) model — Grok 3, by xAI — to evaluate when Bitcoin might hit…
The dynamism of the cryptocurrency world is unquestionable. It’s a sphere that progresses even in the face of bearish market conditions and echoes the tenacity of a Bitcoin bull breaching resistance lines. In the past few years, we’ve seen the once-unthinkable idea of financing house purchases with Bitcoin become a reality. This is thanks to innovators like Milo, a crypto mortgage lending firm, which has managed to surpass an impressive $65M in loan volume. Further, Lava has secured $10M in funding to facilitate dollar borrowing for Bitcoin holders without disrupting their BTC portfolio. This idea of self-custody is a potential…
The crypto universe is always evolving, and the Ethereum Foundation (EF), one of its key non-profit players, is no exception. In response to recent community unrest over issues within the ETH ecosystem, the EF has announced an exciting shake-up in its leadership. The introduction of a dual directorship structure marks a significant step forward towards more resilient governance. Ethereum Foundation Welcomes Co-Directors News broke on Saturday, March 1, about the Ethereum Foundation’s fresh leadership format, featuring two co-executive directors. Stepping into these leadership roles are Hsiao-Wei Wang and Tomasz Stańczak. This structural shift follows the alteration that led Aya Miyaguchi,…
Dive headfirst into the world of Bitcoin, where fortunes are made and lost overnight. We’re focusing on the premier cryptocurrency that, despite experiencing a significant setback recently that saw prices plummet below $80,000, has shown a promising bounce back in the past 48 hours. With a price increase of over 7.5%, Bitcoin is now trading above $86,000. Amidst the rebound, crypto market specialist, Ali Martinez, pinpoints pivotal support levels for Bitcoin to navigate. Risky ‘Air Gap’ Below the $83K Mark Threatens Bitcoin Stability Martinez divulged a critical observation about Bitcoin’s stance in the market in a recent X post. Through…
The volatile sphere of cryptocurrencies has experienced a tumultuous 2025 thus far, with bearish tendencies casting a dark cloud over the market. In the wake of this distressing downturn, Bitcoin currently trades at a staggering 25% below its all-time high—a stark contrast to what avid crypto enthusiasts had hoped for. The State of Play for Bitcoin CoinGecko’s data offers little comfort, showing Bitcoin’s value has shrunk by an alarming 12% only in the past week. But the bitter pill to swallow is the likelihood of Bitcoin’s downward spiral extending further, per the latest price data. Crypto analyst Ali Martinez, in…
As we delve into the current state of the cryptocurrency market, it is apparent that Bitcoin is facing a downward trend. This unsettled sentiment is partly driven by wider economic concerns, such as fears around the U.S. trade war and the potential hurdles hindering Bitcoin’s adoption as a reserve asset. At the same time, fluctuating stablecoin reserves are adding further uncertainty. To really grasp the situation, one needs to delve into the dynamics at play, examine the role of liquidity in the BTC market, and assess the possible paths for Bitcoin’s future trajectory. Understanding the Liquidity Puzzle of Bitcoin The…
Diving headfirst into the ever-evolving realm of digital currencies, Ethereum has once again demonstrated its robustness, exhibiting an unwavering solidity that has rapidly propelled it to the forefront of the blockchain universe. Ethereum has commendably manoeuvered through a period of unpredictability and market instability, making an impressive comeback from the $2,160 pivotal demand area, thereby reigniting a bullish sentiment across the financial landscape. Ethereum’s Rising Prospects Amidst Uptrend Momentum Ethereum is displaying formidable resilience with all eyes on key price thresholds that could potentially shape its imminent significant shift. After a robust rebound from a vital support arena, Ethereum is…