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Billionaire Hedge Fund Manager: Inflation is America's Biggest Risk, I'm Buying Gold, Bitcoin and Commodities
Billionaire Hedge Fund Manager: Inflation is America's Biggest Risk, I'm Buying Gold, Bitcoin and CommoditiesPaul Tudor Jones, the legendary American investor and billionaire hedge fund manager, said he is holding gold, Bitcoin, and commodities to hedge against inflation risks as both presidential candidates lack a proper plan to address the US debt problem.Jones, who founded his hedge fund, Tudor Investment Corporation, over 40 years ago and is known for correctly predicting the 1987 stock market crash, believes that inflation risks will be more apparent after the November election as both candidates have proposed tax cuts and spending plans, ignoring the US deficit problem
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Ethereum Price Target Lowered to Below $6,000 as Pullback Risks Persist
Ethereum Price Target Lowered to Below $6,000 as Pullback Risks PersistIn a nutshell, Glassnode's on-chain data reveals that the current cycle's peak target for Ethereum has now been lowered to below $6,000. This downward revision contradicts earlier predictions, primarily driven by waning ETF inflows and selling pressure
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Bitcoin and gold surge on safe-haven demand: Stock market volatility and rate cut expectations spark market risk aversion
Bitcoin and gold surge on safe-haven demand: Stock market volatility and rate cut expectations spark market risk aversionBitcoin (BTC) and gold prices saw an upward trend in early trading on Wednesday, fueled by recent stock market volatility, uncertainty over the rate cut outlook, and ongoing geopolitical tensions. Traders opted for safe-haven strategies to safeguard their assets, leading to increased demand for haven assets
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Bitcoin and Ethereum Still Face Short-Term Pullback Risks, Key Support Levels to Watch
Bitcoin and Ethereum Still Face Short-Term Pullback Risks, Key Support Levels to WatchBitcoin touched the downtrend line yesterday with increased supply, indicating a risk of pulling back to the bottom support of the consolidation zone. Bitcoin tested the bottom of the range last night as expected and bounced back, pulling back nearly 2%
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Bitcoin Breaks $75K-$80K: Dawn of Opportunity, Hidden Risks
Bitcoin Breaks $75K-$80K: Dawn of Opportunity, Hidden RisksThe Bitcoin [BTC] price chart suggests a potential shift in market structure, potentially breaking out of the $50K$72K price range thats held since March. Analyst StockmoneyLizards predicts this breakout could occur within two weeks, and if the recent dip below $60K is confirmed as a higher low, BTC could rally towards $75K-$80K
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Bitcoin Stumbles at $61,000: Inflation Pressure and Silk Road Bitcoin Sale Risk Combine
Bitcoin Stumbles at $61,000: Inflation Pressure and Silk Road Bitcoin Sale Risk CombineBitcoin (BTC) failed to break through the $61,000 mark in early trading on Thursday, weighed down by a double whammy of rising inflation and the looming sale of thousands of Silk Road bitcoins, which has put heavy pressure on the cryptocurrency market.The September Consumer Price Index (CPI) report revealed inflation running hotter than economists expected, climbing 0
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Bitcoin Price Pulls Back, Bears Regain Control, $60,000 Support at Risk
Bitcoin Price Pulls Back, Bears Regain Control, $60,000 Support at RiskDespite showing signs of a rebound after briefly breaking above $66,000, Bitcoin's price has fallen again under continued pressure from bears. Failure to break above the MA-200 further adds to the bearish sentiment, suggesting the recent rally may be short-lived and could face significant downside risk in the future
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Bitcoin Pullback After Rise, Exercise Caution! Short-Term Trading Strategy and Risk Warning
Bitcoin Pullback After Rise, Exercise Caution! Short-Term Trading Strategy and Risk WarningBitcoin's price has been volatile recently, significantly increasing the risk of entry. For short-term traders, it is recommended to rationally plan your positions, cut losses when necessary, and avoid being caught off guard
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Bitcoin Not a Risk Asset? BlackRock: More of a "Global Currency Alternative"
Bitcoin Not a Risk Asset? BlackRock: More of a "Global Currency Alternative"Robbie Mitchnick, Head of Digital Assets at BlackRock, recently stated that calling Bitcoin a "risk asset" might be a misnomer, as its long-term drivers differ significantly from other risk assets. While Bitcoin's price movements have been closely tied to US equities in the recent past, Mitchnick believes Bitcoin behaves fundamentally differently from stocks and other risk-on assets, with long-term drivers that are "very different" and even "opposite" in some cases from other risk-on assets
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Bitcoin Long Liquidation Risk Surges, $62,000 Emerges as Key Resistance
Bitcoin Long Liquidation Risk Surges, $62,000 Emerges as Key ResistanceCurrently, long positions held by mainstream crypto exchanges are significantly higher than short positions on Bitcoin. This means that Bitcoin faces substantial liquidation pressure if the price were to decline
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BlackRock: Calling Bitcoin a "risk-on" asset may be mischaracterized
BlackRock: Calling Bitcoin a "risk-on" asset may be mischaracterizedDespite Bitcoin's recent correlation with US stock prices, Robbie Mitchnick, Head of Digital Assets at BlackRock, argues that calling the cryptocurrency a "risk-on" asset might be a misnomer. Stocks, commodities, and high-yield bonds are typically considered risk-on assets because they generally perform well during periods of market optimism and economic expansion
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Ethereum Price Analysis: Descending Wedge Pattern Suggests Reversal, But Risks Remain
Ethereum Price Analysis: Descending Wedge Pattern Suggests Reversal, But Risks RemainDespite its prominence in the cryptocurrency market, Ethereum remains one of the worst performing among the top cryptocurrencies by market cap. Recent price declines have caused losses for many investors, raising concerns about the future direction of Ethereum's price