The decline of the bitcoin miner’s shares because of the SEC’s subpoena and convertible debt offering is “overdone,” according to the firm. Nov 16, 2021 at 4:56 p.m. UTCUpdated Nov 16, 2021 at 5:24 p.m. UTCMarathon Digital CEO Fred Thiel (CoinDesk "First Mover" screenshot) Source link … [Read more...] about Marathon Digital Sell-Off a Buying Opportunity, DA Davidson Analyst Says
Analyst
Bitcoin (BTC) on-chain analyst reveals short term ‘bearish outlook’ as ‘supply shock’ looms
As Bitcoin dips back below $50,000, data is emerging of a possible short-term bearish outlook.Bitcoin supply shock dynamicsWill Clemente, self-described as a “Lead Insights Analyst,” anticipates short-term bearish action for the Bitcoin price. This, he explains, is due to three factors – a drop in illiquid supply ratio, BTC inflows into exchanges, plus profit taking by whales … [Read more...] about Bitcoin (BTC) on-chain analyst reveals short term ‘bearish outlook’ as ‘supply shock’ looms
Morningstar analyst pegs Cardano (ADA) as one of the “big three” cryptocurrencies
Morningstar Portfolio Manager Amy Arnott said Cardano, along with Bitcoin and Ethereum, has the potential to form the “big three” of mainstream cryptocurrencies.She pointed out each has its pros and cons. However, Cardano will soon offer the technical applications of Ethereum, but without its extreme volatility. Whereas she claims Bitcoin lacks the ability to generate cash … [Read more...] about Morningstar analyst pegs Cardano (ADA) as one of the “big three” cryptocurrencies
Bitcoin Could Bottom at around $14k to $15k – BTC Analyst
Bitcoin could bottom at around $14k to $15k Bitcoin also has a probability of bottoming at the 50-week moving average The 50-week MA is providing support at current levels around $31k Whichever scenario plays out, beginning to accumulate Bitcoin is not a bad idea $31k is the Bitcoin level to watch during the weekly close Bitcoin could bottom out at around $14k to $15k. This is … [Read more...] about Bitcoin Could Bottom at around $14k to $15k – BTC Analyst
Analyst highlights 3 macro metrics that clearly show DeFi sector growth
Decentralized finance (DeFi) has been one of the hardest-hit sectors since Bitcoin (BTC) price corrected from its all-time high in early May and this can be seen by the decline in the total value locked (TVL) on all protocols. According to data from DeFi Llama, the total value locked in decentralized finance platforms dropped from $154 billion and currently sits at $108.7 … [Read more...] about Analyst highlights 3 macro metrics that clearly show DeFi sector growth