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Bitcoin Heads for First Positive Month Since July
It may not exactly be the "Uptober" that some crypto bulls were hoping for, but bitcoin (BTC) trended higher in October, its first positive month since July. Meanwhile, the bitcoin options market is signaling a potential bottom as market sentiment returns to neutral. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Breaking Down Bitcoin's 5 Biggest Crashes
"All About Bitcoin" host Christine Lee reviews the worst crashes in bitcoin history as she breaks down the Chart of the Day.
Pound Volatility Nears BTC Level; Bank of Japan Nearing a Breaking Point?
The 30-day volatility for the British pound and bitcoin (BTC) shows that the pound is on the verge of becoming more volatile than BTC. Separately, the Bank of Japan may face a $200 billion loss on its bond holdings which inject volatility into risky assets, including crypto. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Web3 Developers More Active Than Ever Despite Crypto Winter
New data shows the skyrocketing usage of two critically important Web3 libraries: Ethers.js and Web3.js. While the smart contract deployment rate dropped 45% mid cycle in 2017 and 2020, it has increased 50% since 2021. According to Tagus Capital Multi-Strategy Fund, this shows that "blockchain technology adoption continues strongly despite the drop in crypto prices."
Bitcoin Outlook After Sinking to 4-Month Low
Bitcoin rebounded Friday, defying consensus for a continued slide in the wake of hotter-than-expected U.S. inflation data, but industry experts aren't sure if the recovery has legs. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin in Turmoil Following Hot Inflation Data
Thursday's CPI report indicates U.S. inflation rose to a 40-year high in September amid the Fed's consecutive interest rate hikes. The hot inflation data left bitcoin (BTC) in turbulence. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Appears Due for Price Swing
Bitcoin (BTC) appears due for a price swing in either direction according to the Bollinger bandwidth, which is used to gauge periods of high and low volatility. The technical indicator has fallen to its lowest level since October 2020. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin’s Correlation With Gold Hits Highest Level in Over a Year
Last week, the 30-day correlation between gold and bitcoin (BTC) reached over 0.3, its highest in over a year, even as cryptocurrencies decoupled from equities, according to Kaiko. The 30-day correlation between gold and bitcoin has ranged between positive and negative 0.2 since late last year. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Builds Bullish Momentum But Some Analysts Expect Renewed Dollar Strength
Bitcoin (BTC) continues to build bullish momentum, hoping that the U.S. Federal Reserve and other central banks will pivot away from aggressive monetary policy. Yet, some observers are unconvinced the Fed will abandon or dramatically slow the so-called liquidity tightening anytime soon, and they expect renewed dollar strength. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin-British Pound Pair on Crypto Exchanges More Active Than Ever
The bitcoin-British pound pair listed on major crypto exchanges is more active than ever, reports CoinDesk's Omkar Godbole. Bitcoin's (BTC) price in the British pound market is diverging from prices in other fiat currency markets, creating an arbitrage opportunity. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.