Bitcoin Struggling at $19K as Global Inflation Continues to Rise
Bitcoin (BTC) is trading at $19,100, continuing to trail its 20-day moving average, a sign of the bear market’s resiliency. Bruno Ramos de Sousa, Hashdex’s head of U.S. and head of new markets, discusses his crypto outlook amid rising inflation.
Bitcoin Stuck Around $19K as October Bounce Remains Elusive
Bitcoin (BTC) was supposedly due for a recovery rally in the routinely bullish month of October, but the bounce has remained elusive with the token struggling around the $19,000 level. Two Sigma Ventures Principal Andy Kangpan joins Christine Lee and special co-host Laura Shin on “First Mover” with his bitcoin outlook amid crypto winter.
Bitcoin Is Not a Pure CPI Hedge: Strategist
Bitcoin (BTC) is both an inflation hedge and a risk asset that follows stocks, says Martin Leinweber, MarketVector Indexes digital asset product strategist. But, "what bitcoin is not, is a pure CPI hedge," he adds. Plus, he discusses why bond market trends are important for crypto.
Bitcoin Clinging to Mid $19K: Will Fed Pivot Bring Relief to the Cryptocurrency?
Bitcoin (BTC) is clinging to $19,500 as investors await the Federal Reserve's next move, hoping the Fed will pivot away from the ongoing liquidity tightening and offer a lifeline to risk assets. Martin Leinweber, digital asset product strategist at MarketVector Indexes, discusses his bitcoin outlook and the token’s correlation with stocks.
