Cointelegraph By Ray Salmond
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Hot CPI report puts a dent in Bitcoin and Ethereum rally, stocks also lose ground
Cointelegraph By Ray Salmond - 0
Crypto and stock markets are feeling the pain after the Sept. 13 inflation report printed an unexpectedly hot figure that showed headline inflation rising by 0.1% month over month.Even with gas prices falling to multi-month lows and a cooling housing market, core inflation saw a 0.6% month over...
Time for a breakout? Bitcoin price pushes at key resistance near $23K
Cointelegraph By Ray Salmond - 0
On Sept. 12, Bitcoin is doing Bitcoin things as usual. Since Sept. 9 the price has broken out nicely, booking a near 16% gain and rallying into the long-term descending trendline which appears to have resistance at $23,000. Currently, the metric has rebounded from a near oversold 31 to...
The Bitcoin bottom — Are we there yet? Analysts discuss the factors impacting BTC price
Cointelegraph By Ray Salmond - 0
When Bitcoin was trading above $60,000, the smartest analysts and financial-minded folk told investors that BTC price would never fall below its previous all time high. These same individuals also said $50,000 was a buy the dip opportunity, and then they said $35,000 was a generational buy opportunity. Later...
Bitcoin holds $20K, but analysts say BTC open interest leaves room for ‘more deleveraging’
Cointelegraph By Ray Salmond - 0
Bitcoin (BTC) price continues to struggle at $20,000 and repeat dips under this level have led some analysts to project deeper downside in the short-term. Earlier in the week, independent market analyst Philip Swift tweeted that the Crypto Fear and Greed Index had dropped back to back to...
Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits
Cointelegraph By Ray Salmond - 0
2022 has been an exceptionally rough year for the crypto market, and the last few months of Bitcoin’s (BTC) price action could be a sign that bears aren’t even close to being ready to let up. Crumbling crypto prices also equate to diminishing profits for Bitcoin miners and...
Bitcoin miners sell their hodlings, and ASIC prices keep dropping — What’s next for the industry?
Cointelegraph By Ray Salmond - 0
Crypto companies are going belly up left and right, and Bitcoin mining companies also appear to be taking on water faster than they can bail. In mid-June, Compass Mining CEO Whit Gibbs and chief financial officer Jodie Fisher abruptly resigned after allegations that the Bitcoin mining hardware and...
Bitcoin’s bottom might not be in, but miners say it ‘has always made gains over any 4-year period’
Cointelegraph By Ray Salmond - 0
Your favorite trader is saying Bitcoin (BTC) bottomed. At the same time, the top on-chain indicators and analysts are citing the current price range as a “generational buy” opportunity. Meanwhile, various crypto and finance media recently reported that Bitcoin miners sending a mass of coins to exchanges are...