Burry highlights the deteriorating situation in the white-collar workforce. The Fed has used the robustness of the job market to allay recession concerns. Inflation has devastated economies throughout the world. The macroeconomic situation will deteriorate as predicted by Michael Burry, an experienced investor and the founder of Scion Capital. Burry
Grayscale’s website states that GBTC has $11.9 billion in assets under management. GBTC has always traded at a significant premium over spot Bitcoin pricing. Shares of the Grayscale Bitcoin Trust (GBTC), the biggest Bitcoin fund in the market, reached a record discount of 35.18% last Friday and showed little sign
This plainly demonstrates that Bitcoin investors continue to be exceedingly cautious. The BTC Fear and Greed Index is approaching “extreme fear” territory. Bitcoin (BTC), the biggest cryptocurrency by market cap, is still being heavily sold off as global market volatility persists. Bitcoin’s value dropped below $19,000 over the weekend, and
DXY hit the 114.5 level and touched 2003 high. Sterling recorded an all-time low of $1.0387. The U.S. dollar currency index (DXY) overcame significant opposition to reach its highest level since July 2002. As sterling fell to a record all-time low, the dollar index kept surging and flipped the RSI
Despite having until September 30th to make a choice, Newsom vetoed the legislation. Newsom thinks his study has to be taken into account before a licensing framework. Assembly Measure 2269, a crypto oversight bill, has been vetoed by California Governor Gavin Newsom. A unique license from the California Department of
The Ontario man has had $2 million worth of property seized by the authorities. About 140 investors have come forward with information to help in the case. Canadian trader and self-proclaimed “Crypto King” Aiden Pleterski, age 23, is being sued for failing to repay at least $35 million to investors.
The dollar’s appreciation may be attributed to the Federal Reserve raising interest rates. As the supply of dollars dwindles, investors will have less money for riskier assets. Bitcoin is struggling to compete against the US currency. On Friday, the dollar index (DXY), which tracks the value of the dollar relative
Since the beginning of 2017, a total of 7,495,059.588 BTC have been held in ‘HODL’. Expert cautioned investors to hold off on buying BTC at the present time. As Bitcoin struggles to make a meaningful positive move this year, the cryptocurrency markets are putting investors to the test. It has
Tether (USDT) has a trading volume of 34 billion, which increased by 70.62%. Ripple price increased by more than 30% in the last 7 days. After facing a long bear trend, the month of September started with greens on the crypto market. As it, the price and trending volume of
Studies have indicated that Kenyans are increasingly using or investing in cryptocurrency. In a recent YouTube video, Njoroge questions the benefits of cryptocurrencies for the Kenyan economy. The governor of the Central Bank of Kenya (CBK), Patrick Njoroge, has called the notion of investing the nation’s reserves in bitcoin craziness.
