Wells Fargo Says It Is Not Too Late to Buy Bitcoin
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The banking giant said Bitcoin is nearing a “hyper-adoption phase” similar to the internet in the mid-to-late 1990s. It is not too late to invest in bitcoin, said multinational financial services…
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London is now home to a record number of bitcoin and crypto-related advertisements, and many are calling for a ban on such promotions as they feel the crypto space is far too risky. London Is Seeing... [[ This is a content summary only. Visit my website for full links, other…
Bitcoin selling pressure is still outweighing demand and buying pressure as the bears are keeping markets suppressed. “Why is Bitcoin not pumping?” asked analyst and Stock-to-Flow model founder PlanB on Wednesday. He said that 50% is selling by “OGs traumatized by 2021, technical investors looking at RSI [relative strength index],…
Bitcoin’s 50% decline from all-time highs in just four months comes at a time when global liquidity has increased, which counters the common premise that the price follows liquidity. “The divergence is striking, and it demands explanation,” said Chris Tipper, chief economist and strategist at the Ainslie Group. Global liquidity has…