Several analysts claimed that Bitcoin bottomed at $80,000 and that the market has been reset. Do BTC and altcoin charts agree or reveal a different set of facts?
Bloomberg’s Eric Balchunas says Zcash could dilute political and cultural support for Bitcoin, as critics accuse the privacy coin of manufactured hype.
Bitcoin showed signs of recovery after nearing $82,000 on Friday, with analysts noting easing selling pressure and rising Fed rate cut expectations.
Bitcoin open interest has seen a sharp decline in the last month, which one analyst says could form a “solid bottom” for it to climb back from.
Jan van Eck says quantum computing could threaten Bitcoin’s encryption and privacy, and his firm “will walk away” if it’s “fundamentally broken.”
Exchange-traded fund inflows and crypto treasury demand were key to Bitcoin’s all-time high, but they’re now causing its decline, says NYDIG’s Greg Cipolaro.
The tension erupted following news that Strategy and other crypto treasury companies would likely be excluded from major market indexes.
The rising volatility suggests a potential return to levels seen before the launch of BTC exchange-traded funds, which dampened volatility.
A lack of conviction among «weak» hands will cause new Bitcoin holders to dump at the first sign of trouble, worsening market drawdowns.
The crypto exchange said the planned internal migration is a normal, «best practice» in the industry to maintain cybersecurity standards.