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
Year
Why 2022 Should Be the Year of the Govcoin
The U.K., where I’m from, isn’t doing much better. The Bank of England’s backed “Britcoin” is only set to launch in 2025, a lifetime away in crypto years. The government has issued piecemeal regulations on exchanges, while our regulator, the Financial Conduct Authority (FCA), continues to issue confusing and often contradictory "warnings" on the volatility of the crypto market. … [Read more...] about Why 2022 Should Be the Year of the Govcoin
Bakkt delays its launch until next year
The ICE’s bitcoin futures trading platform Bakkt is delaying its product launch. The U.K.’s FCA is considering a ban on some cryptocurrency-based derivatives, a senior executive has said.The Alabama Securities Commission is taking a hard stance on would-be ICO frauds.The U.S. Department of Justice is increasingly focusing a months-long investigation into crypto market … [Read more...] about Bakkt delays its launch until next year
The Macro Battle That Will Shape Crypto Markets This Year
This episode is sponsored by Nexo, Abra and FTX US.Download this episodeLast week, the December FOMC meeting minutes revealed that not only was the Fed expecting at least 3 rate hikes in 2022, they were actively considering “balance sheet normalization” (read: quantitative tightening). In today’s episode, NLW looks at how the markets are internalizing this new information, and … [Read more...] about The Macro Battle That Will Shape Crypto Markets This Year
Bitcoin Approaches Death Cross as Goldman Foresees 4 Fed Rate Hikes This Year
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