Cryptocurrencies Price Prediction: Bitcoin, Cryptos & Gold – American Wrap 19 December
Bitcoin tests $100K again
The cryptocurrency market lost 3% in 24 hours amid a sell-off in financial markets following comments from the Federal Reserve. Capitalisation fell to $3.51 trillion, and at the low it dipped below $3.48 trillion - its lowest in more than a week. The Cryptocurrency Fear and Greed Index fell to 75, also hitting lows since 11 December.
Bitcoin Price Forecast: BTC slightly recovers after sharp sell-off following Fed rate cut decision
Bitcoin (BTC) recovers slightly, trading around $102,000 on Thursday after dropping 5.5% the previous day. Whales, corporations, and institutional investors saw an opportunity to take advantage of the recent dips and added more BTC to their holdings. However, traders should remain cautious as Bitcoin’s Network Realized Profit/Loss (NPL) metric shows signs of profit-taking.
Arthur Hayes urges Trump to devalue Gold and back Bitcoin
Arthur Hayes, the CEO of BitMEX, has proposed that the United States devalue the price of gold and establish a Bitcoin reserve to boost its economic growth. In his latest article, Hayes suggests this bold move could help the Treasury quickly generate dollar credits, which could then be used to purchase Bitcoin (BTC). He believes this approach would strengthen the economy and secure the U.S.’s position as a global financial leader.
Author
FXStreet Team
FXStreet
