bitcoin prediction – pressnews

[ad_1] A seasonal cryptocurrency pattern points to more losses for Bitcoin in December in the wake of the seismic collapse of the FTX exchange. A seasonal cryptocurrency pattern points to more losses for Bitcoin in December in the wake of the seismic collapse of the FTX exchange. The largest token sank 16% in November and over the past decade it always went on to have a weak December following declines in the prior month, according to data compiled by Bloomberg. The pattern was evident in 2018, 2019 and 2021, leaving an average December slide of almost 11%. If history repeats, crypto may lag stocks given heightened expectations for this quarter's equity rebound to continue in the run-up to Christmas as the Federal Reserves swivels to smaller interest-rate hikes. “The digital as...

[ad_1] The crypto rout has room to run, according to veteran fund manager Mark Mobius. The crypto rout has room to run, according to veteran fund manager Mark Mobius. The co-founder of Mobius Capital Partners LLP said in an interview Monday in Singapore that his next target for Bitcoin is $10,000. He added he wouldn't invest his own cash or client money in digital assets as “it's too dangerous.” “But crypto is here to stay as there are several investors who still have faith in it,” said Mobius, who spent more than three decades at Franklin Templeton Investments. “It's amazing how Bitcoin prices have held up” despite the FTX fallout, he added. The chaotic slide into bankruptcy of Sam Bankman-Fried's FTX exchange and sister trading house Alameda Research is hanging over the digit...

Tag: bitcoin prediction

Bitcoin Set for More Losses in Wake of FTX’s Collapse if History Is a Guide

Mark Mobius Sees Bitcoin Down at $10,000 in ‘Dangerous’ Crypto Market