Bitcoin’s underwhelming performance so far this year has silenced those predicting a gilded pathway to the moon. Moneyweb CryptoCurrency CiaranRyan
Bitcoin’s underwhelming performance so far this year has silenced those predicting a gilded pathway to the moon. Make no mistake, one can never rubbish those who forecast a price of $100 000+ for 2022, because if there’s one thing we know about bitcoin is that it is always capable of surprising – both to the upside and the down.
Revix investment analyst Brett Hope Robertson notes a potential decoupling of cryptos from risk stocks, as we are now in almost unprecedented territory where cryptos are displaying less risk than the tech-heavy Nasdaq. The S&P 500 is down 11% since the onset of the war in Ukraine in February. BTC is down 7% over the same time period. Bitcoin v Nasdaq Source: TradingView What makes the $30 000 area even more important from a technical perspective is this level is roughly equal to the 61.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How investing in digital solar power helps urban Indians beat space crunchAs energy demand grows, rooftop solar is seen as clean and cheap, but many city residents struggle to install systems
Read more »
Economic crunch likely to push SA’s first-time homeowners back to rentingAs the ripples of the Ukraine war hit fuel and food prices, the property market is also expected to feel the heat
Read more »
How investing in digital solar power helps urban Indians beat space crunchAs energy demand grows, rooftop solar is seen as clean and cheap, but many city residents struggle to install systems
Read more »
Economic crunch likely to push SA’s first-time homeowners back to rentingAs the ripples of the Ukraine war hit fuel and food prices, the property market is also expected to feel the heat
Read more »
Russia’s fertiliser king warns of looming global food crunchPrices are soaring so fast that many farmers can’t afford soil nutrients, says Andrei Melnichenko
Read more »
Russia’s fertiliser king warns of looming global food crunchPrices are soaring so fast that many farmers can’t afford soil nutrients, says Andrei Melnichenko
Read more »