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Bitcoin liquidity continues to go down as whales took advantage of low prices in the summer to stock up. Investors who entered in Q4 of 2020 and Q1 of 2021 have continued to hold throughout price swings, keeping their liquidity off the market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
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With talks of China's hash power migrating to the U.S. state of Texas, the Texas Blockchain Summit taking place Friday is focused on very pro-bitcoin conversations, Managing Editor for Markets Brad Keoun tells "All About Bitcoin." Plus, Mt. Gox creditors have voted on a reimbursement plan. Managing Editor for Tech Christie Harkin breaks down what's at stake.///
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The price of bitcoin and Bitcoin's network effects have recovered from the latest China crackdowns, according to Managing Editor for Tech Christie Harkin and Managing Editor for Markets Brad Keoun. The largest cryptocurrency by market capitalization has also decoupled from the stock markets. Technical indicators are looking bullish, says Keoun. Analysts are predicting $65,000 as bitcoin's next target.
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Catch up on everything that happened this week in crypto! This is The Crypto Minute with Girl Gone Crypto. Subscribe to Cointelegraph Markets Pro: https://pro.cointelegraph.com Want to join the Cointelegraph team? Check out https://cointelegraph.com/careers. #Cointelegraph #Bitcoin #CryptoMarkets Subscribe to Cointelegraph: https://goo.gl/JhmfdU Follow COINTELEGRAPH: Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegraph Twitter: https://twitter.com/cointelegraph Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.
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In a research note to clients, JPMorgan writes that "bitcoin's allure as an inflation hedge" is drawing institutional investors back to the crypto market. "The Hash" hosts wonder whether SEC Chair Gary Gensler saying the regulatory agency will not ban bitcoin has eased the concerns for institutional investors. "Peter Schiff is not going to be very happy about this at all," Naomi Brockwell says.
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India’s short-video sharing platform Chingari has raised $19 million for its token round from prominent crypto investors, including Sam Bankman-Fried’s Alameda Research, Kraken, Galaxy Digital and Solana Capital. The funds will be used to launch the $GARI social token on the Solana blockchain. "This changes the dynamic of content creation in India," "The Hash" co-host Naomi Brockwell says.
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U.S. jobs rose by 194,000 in September, well below economists’ average estimate for a gain of 500,000 jobs. This may give the U.S. Federal Reserve more flexibility after Chair Jerome Powell signaled recently that the central bank looked to be on track to start tapering its $120 billion-a-month in bond purchases. "The Hash" co-host David Morris says when we see a worse jobs report it's better for the stock market and vice versa. What does it mean for the markets, particularly crypto markets, now that the numbers are "stuck in an awkward middle?"
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