The founder and CEO of the analytical firm Messari said that both fundamental and technical analysis indicate the growth of bitcoin in the medium term.
Ryan Selkis emphasized in an interview that the MVRV (Market Value to Realized Value) coefficient indicates the beginning of the bitcoin accumulation phase. According to the analyst, most likely, the phase will last for quite a long time, but then the price of the first cryptocurrency will begin to grow.
On Thursday, December 29, well-known cryptocurrency critic Peter Schiff gave an interview to TD Ameritrade Network. The expert urged users to sell their bitcoins, buying physical gold in return. He noted that investors can still get about $17,000 for their "useless bitcoin" and spend the funds to buy precious metals.
Bitcoin volatility is now at a two-year low due to the inaction of most traders.
On Friday night, the BTC rate sank to $16,607, the cryptocurrency has been trading in a narrow range since mid-December.
Despite the significant drop in the cryptocurrency market, SkyBridge Capital CEO Anthony Scaramucci noted that bitcoin has performed better than the shares of many technology companies.
What happened? The Stacks blockchain project team has published a technical document showing how a new digital asset called Stacks bitcoin (sBTC) can be used to make bitcoin fully programmable. Unlike the Ethereum or Solana networks, the simpler Bitcoin scripting language limits the capabilities of developers. Stacks wants to overcome these limitations by introducing a new 1:1 BTC-linked digital asset that can be used to create smart contracts on the platform, and also easily converted back to BTC.
Nobel laureate in economics Paul Krugman compared the bitcoin cryptocurrency with shares of the electric car manufacturer Tesla.
Bitcoin is nearing completion in 2022 in unstable macroeconomic conditions. In the US, inflation remains at high values, which forces the Fed to act more aggressively. In many ways, this contributed to the drawdown of the flagship crypto asset this year by 70% relative to ATH, fixed at $69,000.
Downward movement: what will happen to the collapsed bitcoin
Bitcoin is going through difficult times right now. For a week and a half, the cryptocurrency has fallen in price by 39% and is trading at $ 19 thousand. Investors are concerned whether digital money should still be trusted and whether it is time to exchange it for euros or rubles. On the other hand, there is a temptation to invest big in the hope that bitcoin will win back the fall and bring tangible profits
The cost of bitcoin is falling by 6.98%, falling below the $ 20,000 mark for the first time since December 16, 2020, according to trading data.
At Binance, the largest cryptocurrency exchange in terms of trading volume, bitcoin as of 10.00 Moscow time fell by 6.98% to 19.487 thousand dollars.
And according to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, the cost of bitcoin decreased by 6.50% — to 19,554 thousand dollars. The dynamics are given everywhere in a day.
THE REASON FOR RIPPLE XRP'S 16% DAILY GROWTH
Ripple's XRP is one of the few major cryptocurrencies that haven't traded unchanged in the last 24 hours, but actually grew by an impressive 16% before rolling back. Apparently, the latest developments in the company's case against the Securities and Exchange Commission are well received by market participants.
VETERAN TRADER ADVISES "GENERATION Z" TO PUT ASIDE BITCOIN SAVINGS AND HOLD ON
It's time for a new and younger generation to invest in bitcoin. At least, this is what the experienced trader and popular commentator Peter Brandt recommends.
THE CENTRAL BANK OF JAMAICA PLANS TO DISTRIBUTE $16 TO THE FIRST 100 CBDC CITIZENS
In an effort to raise awareness and expand usage, the Government of Jamaica is ready to distribute US$ 16 ($2,500 Jamaican dollars) to the first 100,000 citizens who have created Central Bank Digital Currency Wallets (CBDC) after April 1
RIPPLE PRICE ANALYSIS: DESPITE THE RECENT BREAKTHROUGH, XRP HOLDERS SHOULD BE CAREFUL
Over the past 24 hours, XRP holders have been surprised by fundamentally positive news. The Ripple Foundation will argue that the SEC did not report that XRP could potentially violate US law.
PAYSENGER: REVOLUTIONIZING THE COMMUNICATIONS INDUSTRY WITH AN EGO SOLUTION
Productivity is an asset whose value is rising, and the obvious reason for this is the increasingly distracting digital sphere. People are so used to technology that they don't understand how it reduces productivity.
REPORTS SUGGEST THAT NEW INVESTORS ARE SHOWING A KEEN INTEREST IN CRYPTOCURRENCIES
Many people are skeptical about cryptocurrencies due to the volatility of the sector. But more and more people in emerging markets are using it as a way to make more profit in the long run. No one can claim that investing in cryptocurrencies is very risky, but there is also no doubt that they offer long-term promises of high return on investment.
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