In a recent statement, Arthur Hayes, the co-founder of BitMEX, expressed a pessimistic view on the immediate future of the Bitcoin price. Despite not providing explicit reasons for his prediction, Hayes hinted at a potential drop in the price of Bitcoin to below $50,000 in the coming weekend. His decision to take a short position
Bitcoin
Bitcoin and Ethereum have experienced a rough start to September, with both cryptocurrencies seeing price declines. This bearish sentiment can be attributed to several macroeconomic factors, including the effects of the Yen carry trade. The recent surge of the Yen against the US dollar has led investors to sell riskier assets like Bitcoin and Ethereum
Summers have historically been very bearish for the Bitcoin price, and the year 2024 has been no different. Since summer began in June, the price of Bitcoin has been very weak, with multiple flash crashes rocking the pioneer cryptocurrency at various points. So far, the Bitcoin price has gone from over $70,000 to below $50,000
Bitcoin, the leading cryptocurrency, has recently experienced significant price declines, much to the surprise of many investors and analysts. The price of Bitcoin has dropped below the $60,000 threshold, leading to concerns about its future trajectory in the market. This downward trend has raised questions about the overall stability and resilience of Bitcoin as a
The recent price volatility in the Bitcoin market, with a dip below $50,000 last month, has caused concerns among investors. However, despite the temporary setback, a well-known crypto analyst named CryptoCon remains steadfast in his belief that the Bitcoin bull run is still on track. In fact, he predicts a sharp rise to over $100,000
Bitcoin has recently experienced its second worst monthly close of the year in August 2024, with losses reaching 8.6%. This decline is only surpassed by the losses witnessed in April, when the price plummeted by 14.76% in a single month. The recent downward trend has left investors feeling uneasy about the future of Bitcoin’s price
Bitcoin, the leading cryptocurrency, experienced a drop in value recently, falling from $59,076 to as low as $57,127 within a short time frame. The decline has once again raised concerns about the ability of Bitcoin to weather economic downturns. With the looming threat of a US recession, the financial markets are filled with tension, impacting
Opeyemi is known for his proficiency in the world of cryptocurrency. His journey into the digital asset industry was not planned, but ever since he delved into it over two years ago, he has been captivated. Opeyemi takes pride in crafting unique pieces that demystify blockchain technology while sharing valuable insights on the latest trends
Opeyemi is a writer who has found passion and intrigue in the world of cryptocurrency. Although this was not his initial career choice, he has delved deep into the digital asset industry for over two years and has become completely engrossed by it. He dedicates his time to creating informative pieces that demystify blockchain technology
Semilore Faleti is a prominent cryptocurrency writer who has carved a niche for himself in the field of journalism and content creation. With a keen interest in unraveling the complexities of blockchains and digital assets, Semilore has established himself as a go-to source for all things related to cryptocurrency. What sets Semilore apart is his
