On this episode, we're diving into how the crypto market will react now that bitcoin has crossed its highest price point since June of last year (~$25,250). Are altcoins about to correct back down to lower ranges?
Guest: Tim Warren, Host of Investing Broz Investing Broz Youtube ➜ https://mobile.twitter.com/tims_ta Follow on Twitter ➜ https://www.youtube.com/@investingbroz
PBN Research
BTC payment option allays fear of dump
Because of the protracted dispute, there have been widespread concerns in the crypto world that a dump is imminent. It was worried that the price of Bitcoin would drop if Mt. Gox suddenly liquidated all of its accounts at once. However, a sizeable amount of BTC would have been sold if Bitcoinica and MGIF had opted for fiat payment.
At the time of writing, the price of Bitcoin was close to $23,800.
Bitcoin Signs Bull Run Signs?
Caleb Franzen, a senior market analyst at Cubic Analytics who flagged the breakout, is warning that Bitcoin’s latest trip to six-month highs represents a “failed breakout.”
Unlike Merge, Ethereum's Shanghai Upgrade Could Bring Ether Price Volatility
Institutional liquidity provider OrBit Markets suggests buying an ether volatility swap to profit from an expected increase in price turbulence after the Shanghai upgrade.
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