Crypto
Bitcoin's inverse correlation with US dollar hits 17-month highs — what's next for BTC?
Market pundits anticipate the dollar rally to either stall or correct by the end of 2022, benefiting Bitcoin. Source: Coin telegraph bitcoin
Market pundits anticipate the dollar rally to either stall or correct by the end of 2022, benefiting Bitcoin. Source: Coin telegraph bitcoin
Bitcoin has not seen a full-blown recession since it was launched as a response to the 2008 global financial crisis. Source: Coin telegraph bitcoin
The shocking Bitcoin withdrawals appeared as BTC’s extended its decline below $20,000 over the weekend. Source: Coin telegraph bitcoin
New generation Bitcoin mining machines would remain profitable even if the BTC price crashes by another 50%. Source: Coin telegraph bitcoin
Institutions that reportedly purchased 10,939 BTC from Coinbase in December 2020 are not selling yet. Source: Coin telegraph bitcoin
Hint: Many altcoins—not just LUNA—are down over 80% from their all-time highs in 2022. Source: Coin telegraph bitcoin
Strong euro and overbought readings could pressure the dollar further, showing signs of topping out—Bitcoin at risk of falling. Source: Coin telegraph bitcoin
On-chain indicators focusing on Bitcoin’s fair valuation and long-term holders’ sentiment also raise its prospects of bottoming out. Source: Coin telegraph bitcoin
A dollar invested into Bitcoin every month since December 2017 has provided investors a cumulative return of $160. Source: Coin telegraph bitcoin
Bitcoin dominance has spiked to six-month highs at Ether’s expense as ETH/BTC suffers big losses. Source: Coin telegraph bitcoin