Business Maverick: Battered Bitcoin devotees begin to contemplate a market bottom

Yet, given how intense the boom-and-bust cycles can be in the sector, many are also remaining cautious, unwilling to provide an all-clear sign given the mercurial nature of digital tokens – even as they see signs emerging of Bitcoin having found a floor.

Bitcoin has added roughly 15% over the past month through Friday, while other tokens, including Ether, have posted even better returns. Shawn Cruz, head trading strategist at TD Ameritrade, says there will need to be a shift in risk appetite before the coin can start to move significantly higher. Many are doing just that – watching equities for a guide-map of how things might play out for digital assets. Noelle Acheson, head of market insights at crypto-lender Genesis, points to an investor survey by Bank of America thatbleak sentiment and potential investor capitulation. Many stock observers see the poll as a contrarian signal.

There are plenty of other such analyses to be found for Bitcoin. The token and its brethren have gone through “one of the heaviest, and fastest downwards repricing events in their history”, wrote analysts at Glassnode, meaning that a ton of excess leverage has already been purged from the system. And for a floor to be established, investors need to experience “a wide-ranging capitulation event”, that causes seller exhaustion.

No.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Business Maverick: Stocks, US equity futures dip on recession worries: markets wrapStocks and US equity futures slipped on Monday, sapped by a dimming economic outlook that’s also cooling expectations for peak interest rates and bolstering sovereign bonds.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Asian stocks retreat from three-week highs over recession fearsMarkets are looking for policy clues from the Federal open market committee meeting, which begins on Tuesday
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »

Business Maverick: Elon Musk denies report he had affair with Google co-founder’s wifeElon Musk denied he had an affair with Sergey Brin’s wife, after the Wall Street Journal reported that the liaison led the Google co-founder to sell his investments in Musk’s companies. Damm, did Musk have affairs with everyone’s wives. His name keeps coming up in such.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Watch: How to finance your small business | The CitizenYou cannot start and grow a business without money so it is important to know how you will be financing your small business.
แหล่ง: TheCitizen_News - 🏆 6. / 75 อ่านเพิ่มเติม »