That said, the technical indicator’s past record as a predictor of bear markets is mixed. According to research by Kraken, many of bitcoin’s previous death crosses, including those seen in 2014 and 2018, coincided with “either a sell-off in the days that followed or a continued macro downtrend that confirmed a bear market.” Source link … [Read more...] about Bitcoin Approaches Death Cross as Goldman Foresees 4 Fed Rate Hikes This Year
Hikes
Bitcoin Holds Steady Above $49K as BOE Hikes Interest Rate; ECB Decision to Come
“Despite bitcoin’s recent 39% correction, the number of addresses with a non-zero balance continues to break all-time highs,” said Marcus Sotiriou, an analyst at the U.K. based digital asset broker GlobalBlock. “Also, since the $69,000 all-time-high, the Canadian Bitcoin Purpose ETF has added 6,341 BTC in assets under management, representing a 26.2% increase in coin … [Read more...] about Bitcoin Holds Steady Above $49K as BOE Hikes Interest Rate; ECB Decision to Come
Bitcoin price falls after Fed shifts interest rate hikes forward amid inflation fears
Bitcoin dropped closer to a key support level and the Dow and the S&P 500 pulled back after the Federal Reserve moved forward its plan for 2 interest rate hikes in 2023.Bitcoin (BTC) price extended its losses shortly after Federal Reserve Chair Jerome Powell announced that the Fed would move forward its timeline and schedule two interest rate hikes in 2023. Bitcoin price … [Read more...] about Bitcoin price falls after Fed shifts interest rate hikes forward amid inflation fears