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In this line, Kitco News analyst Jim Wyckoff on November 25 stated that Bitcoin bears still have a technical advantage. However, he noted that bulls must do more for Bitcoin to realize a bottom. Bitcoin price analysis As things stand, Bitcoin is trading at $16,481, recording less than 1% gains in the last 24 hours. At its current value, Bitcoin has dropped about 75% from the previous all-time high. Elsewhere, Bitcoin technical analysis is dominated by bearish sentiments, with a summary going for a ‘sell’ at 14 while moving averages are for a ‘strong sell’....

In the wake of a months-long decline, Bitcoin had been edging towards that milestone all weekend long, before eventually passing it. Currently, the digital asset is trading at $50,257, an increase of 2.45% in the past 24 hours and 6.67% in the last week, with a market dominance of 43.9%, according to CoinMarketCap data. Bitcoin’s price has risen beyond $50,000 for the first time in three months – its highest level since May 15....

The bulls still have a lot of work cut out to do in the short term to get the market moving in an upwards direction. Nevertheless, the price downturn on the daily bar chart has already come to a halt rebounding before a retracement halfway holding above $39,000 which appears a promising first move for bulls. Bitcoin chart analysis Crypto trading analyst Michael van de Poppe also noted the crucial barrier at this stage for Bitcoin in the short term....

Indeed, in 2022, both Bitcoin and Ethereum (ETH), the two largest cryptocurrencies by market capitalization, recorded absolute returns of 6.5% and 4.5% on Consumer Price Index (CPI) print days, respectively, as per a study by CryptoCompare shared with Finbold on November 3 indicates. Notably, the returns were above the yearly average, indicating that the assets had failed to live up to the expectation of acting as an inflation hedge. Bitcoins dropping volatility Despite Bitcoin’s inability to live up to the expectation of acting as a hedge, the asset has, in recent weeks, exhibited price stability trading in the range of $19,000-$21,000, translating to a drop in volatility....

Data calculated by Finbold indicates that bitcoin futures open interest have grown by 133.74% between January and March 2021. During the first week of January 2021, the open interest was valued at $9.66 billion, while as of March 30, 2021, the figure was $22.58 billion reflecting the asset’s sustained bull run in the first three months of the year. The data on bitcoin futures open interest is from eleven major global BTC futures exchanges, including Binance, Bybit, Okex, CME, Huobi, FTX, Deribit, Bitmex, Bitfinex, Phemex, and Kraken....

Speaking to Kitco News, Berezin said that investors should be concerned over bitcoin’s role in the existence of industries such as ransomware. Although bitcoin has received increased adoption as a payment medium, Brezin notes that the number still trails transactions involving its usage in illegal dealings. He said that such shortcomings coupled with other issues will make bitcoin disappear. On the future of bitcoin, the strategist states that environmental concerns are among the significant shortcomings of the asset....

Bitcoin managed to hit $19,564 to end -1% quarter-over-over (QoQ) in Q3, despite its price falling in tandem with US equity markets for most of the third quarter. The US Dollar Index gained 7% over the previous quarter, according to statistics from independent crypto data aggregator CoinGecko shared with Finbold. The analysis of Bitcoin’s performance shows that it also manages to outperform crude oil, gold, the Japanese Yen, and iShares 20+ Year Treasury Bond ETF (TLT)....

Speaking with Kitco News, senior commodity strategist at Bloomberg Intelligence, Mike McGlone, opined that once this bear market in risk assets subsides and valuations recover again, cryptocurrencies are going to outperform all other asset classes. Previously McGlone had stated that Bitcoin is on track to hit $100,000 by 2025, and when questioned over what gets investors out of the crypto winter and what needs to happen to spark a rally....

On Tuesday, July 13 several months after giving the go-ahead for a Bitcoin (BTC) ETF, Brazil’s watchdog approved a product that replicates the performance of the second-largest cryptocurrency, ETH, with QR Asset Management administering the fund. The Ethereum ETF will be listed on the country’s stock exchange, B3, under the ticker QETH11. Moreover, it will follow the CME CF Ether Reference Rate, as used by the CME Group. QR Asset Management stated:...

In total, Berkshire Hathaway bought 5.9 million shares worth roughly a total of $345 million for an average per-share price of $55.99 to $58.37, as per a Security and Exchange Commission (SEC) filing on May 5. Apparently, the purchases were made on Monday, May 2, and Tuesday, May 3, which now brings Berkshire’s stake to 142.3 million shares. Notably, in the first quarter of this year BRK.A bought roughly $7 billion worth of Occidental, which equates to a 14% stake in the company....

The company’s total addressable market (TAM) is enormous; with their innovative graphics processing units, they have a seat at the table of gaming, automotive tech, AI, and data centers. Capturing double-digit percentages of each of these segments could see the company easily reach the $1 trillion mark. The icing on the cake of a rich offering came with the Omniverse announcement from Nvidia. With Meta Platforms (NASDAQ: FB) driving metaverse to the forefront of the news, Nvidia’s push of consumers into a virtual game-centric world seems more plausible than ever....

In the last 24 hours, the ADA’s value has gained about 5%, trading at $0.58% by press correlating with the general crypto market price movement. Notably, in recent weeks, ADA has recorded fluctuating price movements characterized by both buying and selling pressure. It is worth mentioning that ADA has tended to mirror the pattern of cryptocurrency market trends, recording rallies, and shedding value during the broader sell-offs. Vasil hard fork delayed The vasil hard fork was first scheduled to go live in June, but Cardano announced that the community should expect further delays....

The stock was down (53.41%) −$5.17, closing the session at $4.51; CDLX shares have lost over 90% since the beginning of the year versus the S&P 500’s decline of 21.62%. Quarterly revenue for the company increased by 12% year-over-year to over $72.7 million, an increase of 12% year-over-year, compared to $65 million in the third quarter of 2021. Meanwhile, the number of its monthly active users, defined as customers who make transactions using Cardlytics’ financial partners, increased by 8% to 185 million....

In general, the online used-vehicle company reported a net loss of $68 million in Q3, compared to a net loss of $18 million in the same period the previous year. Although Carvana continues to generate topline results, the loss comes after posting its first profit in the company history of $45 million in the second quarter. Nevertheless, CVNA announced a second straight quarter of profits before interest, taxes, depreciation, and amortization of $6 million, down from $112 million in the second quarter....

Jennie Frias, a/k/a “Jennie Castillo,” 36, a resident of Englewood, New Jersey, confessed via teleconference before U.S. District Judge Kevin McNulty. She was responding to an information charging her with one count of conspiracy to commit bank fraud. Court Statements and Loan Applications Cash Flow Partners LLC released internet advertisements and held seminars according to the documents filed in this case and statements delivered in court. These seminars offered to assist customers in getting bank loans, including those insured by the Federal Deposit Insurance Corporation (FDIC)....

Thankfully, the team picked up on the bogus website claiming to be the official Binance page supposedly releasing their ‘Latest News’, and posted the finding on their Twitter page on November 1, 2021. The Malware Hunter Team, which identifies over 600+ ransomware families by specific filename extensions and patterns, ransom note titles, recognized hex patterns, email addresses, and BitCoin addresses, identified the false link (https://binancesupport.vip) which presents users with a phony QR code for them to deposit Bitcoin (BTC) into the smart contract blockchain....

One of the contenders for the role is the Commodity Futures Trading Commission (CFTC), whose Chairman Rostin Behnam explained why his agency should be the primary crypto regulator during a fireside chat at NYU School of Law on September 29, CoinDesk reports. Facilitating crypto growth According to him, placing crypto regulation under his agency’s jurisdiction would be good for the industry and might even lead to its growth. As he stressed: As Benham further explained, a clear regulatory framework would give institutional investors more reassurance and motivate them to become more interested in the space:...

Through it all, Tesla announced that it would offer free Supercharging for an indefinite period for all customers in China. The company aims to help drivers travel more quickly and efficiently away from the affected regions. Images shared by Tesla owner @Ray4Tesla shows that the company is offering these free services at all its Superchargers installed across the country. The Tesla notification read: Tesla hopes that during this period, the affected individuals can replenish electricity efficiently and use their cars smoothly when needed....

The Chicago-based exchange blames pandemic related challenges for the significant drop in volumes and transactions fee. CME stock is currently trading at the lowest level in the last six months while shares are down close to 25% in the past twelve months. Lower fee and volumes impacted CME stock performance The company’s third-quarter revenue of $1.1 billion dropped 14% from the past year period, marking the second consecutive quarter of revenue drop....

Polygon (MATIC) seems to be heading for some intriguing times, particularly in light of the most recent events, such as the recently confirmed partnership between the Ethereum L2 token and the Robinhood trading platform. Notably, Polygon had earlier announced a collaboration with Robinhood, which had an effect on the price action of MATIC. The most recent announcement highlights the rapid development that is taking place behind the scenes. Given the cryptocurrency market’s volatility, investors are now curious about the price at which the MATIC token will trade in the near future....