While the bitcoin options market has recently shed its bearish bias, some analysts remain unconvinced about the strength of the move owing to weak institutional demand and the cryptocurrency's sensitivity to macro factors."There is no sign of an institutional pullback, which is the key for a rally," said Laurent Kssis, a crypto exchange-traded fund (ETF) expert and director of … [Read more...] about Case for Bitcoin Bottom Near $40K Is Weak as Institutions Stay Away
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After Bitcoin’s Weak Start to the Year, Analysts Now Predict Price Increase
After a rocky start to the year, bitcoin (BTC) appears to have stabilized this week, and some analysts are predicting that prices could be set to rise.Bitcoin has added 1% since Sunday after dropping almost 12% in the first week of 2022. Compared with the first week of 2021, when bitcoin gained 15% and traded above $50,000, this week's move looks small, but experts say the … [Read more...] about After Bitcoin’s Weak Start to the Year, Analysts Now Predict Price Increase
Coinbase Analysts See Green Shoots After Weak Third-Quarter Results
Coinbase slid as much as 10% Wednesday after reporting third-quarter revenue that fell short of expectations and weaker trading volumes than in the second quarter. Coinbase’s share decline also reflects strength heading into the earnings report amid a rise in crypto prices. The shares pared their drop to trade at $339 by publication time.Some Wall Street analysts are taking a … [Read more...] about Coinbase Analysts See Green Shoots After Weak Third-Quarter Results