Tag: Bitcoin price now

Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets
5Dec By adminNo Comments
Technology

Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets

[ad_1] Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered. Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered.A further Bitcoin plunge of about 70% to $5,000 next year is among the “surprise” scenarios that markets may be “under-pricing,” the bank's Global Head of Research Eric Robertsen wrote in a note on Sunday. Demand could switch from Bitcoin as a digital version of gold to the real thing, spurring to a 30% rally in the yellow metal, Robertsen also said. This possible outcome involves a reversal in interest-rate hikes as economies struggle and more crypto “bankruptcies and a collapse in investor confid...
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Novogratz Drops Forecast for Bitcoin to Hit $500,000 In 5 Years
2Dec By adminNo Comments
Technology

Novogratz Drops Forecast for Bitcoin to Hit $500,000 In 5 Years

[ad_1] Crypto advocate Mike Novogratz dropped his forecast for Bitcoin to climb to $500,000 in five years, citing the Federal Reserve’s interest rate increases. Crypto advocate Mike Novogratz dropped his forecast for Bitcoin to climb to $500,000 in five years, citing the Federal Reserve's interest rate increases.It will, but “not in five years,” Novogratz said Thursday during an interview on Bloomberg Television. The biggest change that happened is that Fed Chair Jerome Powell found “his central banking superpowers.” Like most risk assets, Bitcoin has slumped this year because the Fed is raising rates to contain inflation, Novogratz, the chief executive of Galaxy Digital, said. Bitcoin has tumbled more than 60% this year, dropping to around $17,000. Fallout from the bankruptcy of the ...
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Bitcoin Climbs to 2-Wk High Ahead of Speech by US Fed’s Powell
30Nov By adminNo Comments
Technology

Bitcoin Climbs to 2-Wk High Ahead of Speech by US Fed’s Powell

[ad_1] Bitcoin spiked higher Wednesday in the countdown to a speech by US Federal Reserve Chair Jerome Powell that may cement expectations for a slower pace of interest-rate hikes in the US. Bitcoin spiked higher Wednesday in the countdown to a speech by Federal Reserve Chair Jerome Powell that may cement expectations for a slower pace of interest-rate hikes in the US. The largest token added as much as 3.7% and was trading at about $17,010 as of 10:41 a.m. in Singapore, the highest level in two weeks. Ether climbed over 4%, while the likes of Binance Coin and Dogecoin also jumped. Powell is due to speak later Wednesday at an event hosted by the Brookings Institution and may echo fellow Fed officials in signaling a half-point rate rise at their final meeting of the year after fou...
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Bitcoin’s Slide Pauses in Wait for Next Domino to Fall After FTX
22Nov By adminNo Comments
Technology

Bitcoin’s Slide Pauses in Wait for Next Domino to Fall After FTX

[ad_1] Cryptocurrency prices steadied in a lull from the selloff sparked by the demise of Sam Bankman-Fried’s FTX empire. Cryptocurrency prices steadied in a lull from the selloff sparked by the demise of Sam Bankman-Fried's FTX empire, but investors are braced for more ructions as further digital-asset sector bankruptcies loom.The largest token Bitcoin added about 1.5% on Tuesday while remaining below $16,000 and in sight of the weakest levels since November 2020. Coins such as Ether, Solana and meme token Dogecoin also posted modest gains. The latest sign of contagion from the fall of the FTX exchange came from Genesis, a digital-asset brokerage that warned of possible bankruptcy unless it can raise cash. Crypto lender BlockFi Inc. is also struggling to stay afloat. FTX's unraveling...
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Bitcoin Extends Gains as Investors Await Recovery Fund Details
15Nov By adminNo Comments
Technology

Bitcoin Extends Gains as Investors Await Recovery Fund Details

[ad_1] Cryptocurrencies pushed higher on Tuesday as investors awaited more details about an industry recovery fund promised by Binance Holdings. Cryptocurrencies pushed higher on Tuesday as investors awaited more details about an industry recovery fund promised by Binance Holdings Ltd.'s Chief Executive Officer Changpeng ‘CZ' Zhao.Bitcoin, the largest token, climbed toward $17,000 with a gain of about 2%, while second-ranked Ether added a similar percentage as of 1:20 p.m. in Hong Kong. The moves provided some respite from a damaging selloff triggered by the descent into bankruptcy of Sam Bankman-Fried's FTX exchange. Digital assets linked to his now-fallen empire, such as Solana and Serum, stabilized. So did Cronos, the native coin of Crypto.com, whose platform is under scrutiny for ...
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