Good morning. Here’s what’s happening:Market moves: Bitcoin slipped to below $44,000 after Fed minutes release, altcoins followed.Technician’s take: BTC broke below $45K support intraday; short-term oversold indicators intact.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC) $43,423 -5.87%Ether (ETH) … [Read more...] about First Mover Asia: Bitcoin Falls Below $44K After Fed Minutes Release.
Bitcoin tumbled to its lowest price in a month as minutes from the Federal Reserve’s last meeting in December showed officials discussed whether to start shrinking the U.S. central bank’s swollen $8.3 trillion balance sheet.Prices for the cryptocurrency rallied in recent years as a growing number of investors bet that more than $4 trillion of money printing by the Fed to … [Read more...] about Bitcoin Falls to 1-Month Low as Fed Minutes Reveal Talks to Shrink Balance Sheet
“If the Fed goes to 4 hikes next year, that is a big statement. That means either two things. First, they are hiking in March, which would be no gap between the end of QE and the first hike. Not impossible, but that is a big statement about intent,” John Turek, the author of the Cheap Convexity blog, said in a blogpost published on Dec. 29. “If they don’t go in March and want … [Read more...] about Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability Rises
Bitcoin (BTC) surprised everyone on Nov. 10 as BTC price action abruptly hit new all-time highs. The BTC price jump also coincided with news that United States inflation hit a 30-year high in October, as reported by the Wall Street Journal.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin and Ether “relentlessly up”Data from Cointelegraph Markets Pro and … [Read more...] about Suddenly, Bitcoin hits new all-time high after $2K gains in minutes
Bitcoin fell $1,000 this morning in a sudden drop, taking along with the rest of the crypto and racking up $7 million in ‘liquidations,’ data from several sources shows.‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges … [Read more...] about $7 million ‘liquidated’ after Bitcoin drops $1,000 in 30 minutes