Bitcoin price has been on a tear, but analysts warn that resolving the U.S debt limit issue could trigger sharp downside for risk assets like BTC.
In 2021, Stripe raised $600 million from a group of investors at a valuation of $95 billion, making it one of Silicon Valley’s most valuable startups.
Bitcoin mining firm Argo regained compliance with Nasdaq’s listing rule, which requires a company to maintain its common stock’s minimum bid price of $1 for 30 consecutive trading days.
BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the potential of a brief pause in the crypto market rally.
Some BTC miners have declared bankruptcy or sought financial aid to stay afloat. Others are finding unique ways to grow amid the bear market.
ETH price continues to encounter resistance at the $1,600 level, a potential sign that the current rally lacks sustainable momentum.
Global and U.S. economic data and a few BTC derivatives-related metrics could determine whether Bitcoin retests the $20,000 level in the short-term.
BTC’s uncanny resemblance with the last two market cycles raises the possibility that the bottom could be in, but full confirmation is dependent on on-chain data.
The surge in crypto mining stocks was a relief for the industry after a crippling year, where public crypto miners incurred $4 billion in liabilities.
The ghost of FTX haunts the crypto industry, but Bitcoin is attempting to leave it behind as BTC price gains endure.