Traders will be keenly watching bitcoin's UTC close on Friday, as potential failure to rise back above $40,000 may invite more chart-driven selling. "The loss of the $40,000 mark today will likely lead to more bearish sentiment, which in turn could push the price further down – it could even test last July's low of $30,000," Robbie Liu, a researcher at crypto financial services … [Read more...] about Ether, Altcoins Tank, With Bitcoin as Decoupling Narrative Goes Up in Smoke
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‘Avoid Ban on Private Cryptocurrencies,’ Indian Technology Think Tank CIS Recommends
The Indian government should avoid a ban on private cryptocurrencies, according to a report by Indian non-profit organization Centre for Internet and Society (CIS), which has been cited by lawmakers for reference in the past.The report comes as the Indian government is looking to introduce a crypto bill that will reportedly ban most private cryptocurrencies. But first it needs … [Read more...] about ‘Avoid Ban on Private Cryptocurrencies,’ Indian Technology Think Tank CIS Recommends
Shark tank star Kevin O’Leary says crypto holdings comprise 10% of this portfolio
In a live recording with Reddit's r/CryptoCurrency Talk Thursday, Shark Tank celebrity Kevin O'Leary discussed how cryptocurrencies now make up 10% of his investment portfolio:At the beginning of the year, I was at 3% weighting; the target was to get 7% by year-end. However, because of the appreciation of so many of the assets I have now, we're almost at 10% today. Some people … [Read more...] about Shark tank star Kevin O’Leary says crypto holdings comprise 10% of this portfolio
Kevin O’Leary of ‘Shark Tank’ espouses deflationary future for Ethereum
Canadian entrepreneur, investor, and reality television personality, Kevin O’Leary — also known as “Mr. Wonderful” — appears to now be singing Ethereum’s praises as a deflationary asset.Clearly reading from a script, O’Leary took to Cameo — a website that allows users to purchase personalized video messages from celebrities — to espouse the benefits of Ethereum’s August 5 … [Read more...] about Kevin O’Leary of ‘Shark Tank’ espouses deflationary future for Ethereum
Bitcoin may lose $30K price level if stocks tank, analysts warn
The ghost of stock market crash is back again to haunt Bitcoin (BTC).It happened last in March 2020. Back then, the prospect of the fast-spreading coronavirus pandemic led to lockdowns across developed and emerging economies. In turn, global stocks crashed in tandem, and Bitcoin lost half of its value in just two days.Meanwhile, the U.S .dollar index, or DXY, which represents … [Read more...] about Bitcoin may lose $30K price level if stocks tank, analysts warn