Bloomberg

Bloomberg BTC Bombshell, Coinbase Fury, Ether vs. Tether: Hodler’s Digest, June 1–7

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Forget $10,000, Bitcoin’s $12,000 breakout will catch everyone off guard …

Bloomberg BTC Bombshell, Coinbase Fury, Ether vs. Tether: Hodler’s Digest, June 1–7 Read More »

Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg

Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel behind bitcoin’s maturity, particularly when benchmarked …

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Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength – Bloomberg Analyst

Bitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detachment from the stock market beta-pull, according to Bloomberg senior analyst Mike McGlone. In a new bitcoin report published on May 5, McGlone said that sustaining above this level is necessary to indicate strength. “Bitcoin is showing divergent strength versus the wobbly stock …

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Bitcoin Has Entered “Optimism” Phase — Is “Belief” Or “Fear” Next?

Data from the blockchain intelligence company, Glassnode, suggests that Bitcoin (BTC) has entered the “Optimism” phase amongst traders. The metric subtracts the net unrealized loss from the net unrealized profit of all circulating Bitcoin supply to gauge market sentiment. This indicator tends to increase during bull markets and the company suggests that the various value …

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