cryptocurrencies

Bitcoin's Recovery Stalls; Lower Support Around $52K

Bitcoin buyers are losing strength as the recovery from the April 17 sell-off stalls.

The 98-year-old magazine is the latest media brand to expand into the cryptocurrency space.

Di Cameron Hood20 apr 2021

For now, the high-volume sell-off on April 17 suggests capitulation as buyers were quick to defend the price low just above $51,000.

Investor appetite for digital asset investment products increased last week, with strong interest in XRP.

Bloomberg anticipates continued deflation and peak oil similar to 2018. This could be negative for bitcoin.

BTC’s April 13 breakout above $60,000 and subsequent all-time high failed.

The U.S. economy is "not out of the woods yet," said Dallas Fed President Robert Kaplan.

DOGE now has a market value of more than $50 billion, surpassing the giant U.K. bank Barclays after tripling in price.

BTC is roughly 7% lower from its all-time high, similar to the April 1 pullback.

Coinbase's direct listing is bringing attention to crypto, but there's some "hopium" going on in DeFi, says Breitman.

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